Latest Headlines – Page 126
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Wolverine banks on H2
Wolverine Worldwide posted lower-than-expected sales in the second quarter ended on June 29, but its profitability slightly exceeded forecasts. The management largely confirmed its previous projections for the full financial year, predicting a strong second half, with a 5.5 percent currency-neutral increase driven by gains of nearly 10 percent for ...
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BasicNet posts double-digit revenues and higher profits
BasicNet, the owner of Kappa, Superga, Sebago, K-Way and other brands, closed the first half of 2019 with consolidated revenues up by 48.6 percent at current exchange rates, and up by 47.9 percent at constant exchange rates, reaching a level of €137.8 million. Consolidated revenues were boosted by the addition ...
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Deckers narrows loss, sales up by 10%
Deckers Brands, the parent of Ugg and other footwear brands, managed to reduce its net losses significantly in its first fiscal quarter ended June 30, down to $19.3 million, as compared to $30.4 million for the year-ago quarter. Revenues climbed by 10.5 percent to $276.9 million, or by 11.6 percent ...
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Strong growth for Crocs in Q2
Led by a robust performance in the wholesale channel, e-commerce and comparable store sales, Crocs' revenues reached $358.9 million in the second quarter, growing by 9.4 percent from the second quarter of 2018, or by 12.5 percent on a constant-currency basis. This came despite the negative impact of store closures ...
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VF raises its guidance after a good quarter
Thanks to a better-than-expected performance posted by Vans and The North Face, VF saw its reported revenues improve by 6 percent to $2,271 million for the fiscal first quarter ended on June 30. Adjusted to exclude the spin-off of its lower-margin Kontoor jeans business, the acquisition of Altra and Icebreaker, ...
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Ferragamo’s revenues rise, margins decline
Salvatore Ferragamo posted revenues of €704.9 million in the first half of 2019, up by a reported 4.6 percent and by 4.4 percent at constant currency rates. The growth accelerated slightly in the second quarter to reach 4.9 percent in euros and 4.5 percent in local currencies, beating market expectations ...
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Tod’s continues to disappoint
Quarter after quarter, Tod's continues releasing disappointing results, this time missing market expectations for its revenues by about €7 million in the second quarter. As one financial analyst harshly put it, the best news about Tod's first-half results is that they are “behind us,” while there is still “no light ...
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Prada posts flattish sales
The Prada Group posted sales of €1,570 million in the first half, up by 2 percent on a reported basis but flat in constant currencies. They were in line with market expectations after a year in which the group managed to increase sales after four years of decline, thanks to ...
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Stuart Weitzman stands out at Tapestry
Shares in Tapestry, the parent company of several brands, such as Kate Spade and Stuart Weitzman, plummeted by more than 20 percent after the company reported sluggish growth for its fourth quarter ended on June 30, and issued a disappointing guidance for the first quarter of the new financial year.However, ...
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Jimmy Choo disappoints
Capri Holdings, the American group previously known as Michael Kors, saw revenues for its first fiscal quarter ended June 29 rise by 11.9 percent to $1,346 million, following the consolidation of the Versace business. However, a previous buy, Jimmy Choo, had a relatively weak performance. On a constant-currency basis, group ...
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Ecco takes over part of its distribution in China
Ecco has split the distribution of its products in China into three regions, Shanghai, Beijing and the rest of China. In the first five months of this year, Ecco took back its distribution in Shanghai by setting up an office that will have direct control over the distribution in the ...
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Aldo has a new licensing division
The Aldo Group of Montreal has unveiled two licensing deals: one with Rachel Zoe, the Los Angeles-based designer, and the other with Who What Wear, an e-newsletter and blog that has expanded from social media into apparel.Zoe, who boasts about three million followers on Instagram, had a previous licensing deal with ...
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Havaianas goes direct in Greece and China
Alpargatas, the Brazilian-based parent company of Havaianas, has pulled off a very strong quarter, lifted by both domestic and international sales. Its net income rocketed by 73.0 percent to 31.6 million reais (€7.0m-$7.8m) for the second quarter of 2019. The management said this expansion reflects efforts to widen the focus to ...
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Grendene’s exports keep falling
After several quarters of disappointing international sales, the latest quarter was no different for Grendene. Its revenues out of Brazil for the second quarter declined by 23.7 percent from the year-ago period to 127.9 million Brazilian reais (€28.7m-$32.2m). In terms of volume, shipments abroad declined by 34.6 percent to 5.4 ...
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Bogs and Florsheim keep Weyco stable
In line with the past two quarters, Bogs' sales continued to rise at a steady pace in the second quarter, jumping by 48 percent, with sales volume increases across most major distribution channels.The Weyco Group, the parent company, said this large increase reflects the momentum in the Bogs business, as ...
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Rocky Brands tops expectations
Rocky Brands saw its net income for the second quarter soar by 23.1 percent to $3.2 million on revenues that went up by 6.4 percent to $62 million, both exceeding analysts' forecasts.Sales increased in all three of the company's segments, including a 20-plus percent growth in the retail division, lifted ...
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Good results for Yue Yuen
Yue Yuen Industrial Holdings reported a 6.3 percent increase in sales to $5,070.7 million for the first half of the year, driven by a double-digit increase in retail revenues, with footwear manufacturing performing better than before. The Chinese company's net income jumped by 10.5 percent from the year-ago period to ...
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A new Danish crowd-funded brand of vegan sneakers
Elliot footwear is a new label that has just launched its first collection of unisex vegan and “climate-positive” sneakers (sizes 36-46), at the moment available directly to the public exclusively through a crowd-funding platform, IndieGoGo. The range is designed in Copenhagen and made in Vietnam through a Spanish agent.The line ...
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Ukraine exports shoes made of hemp
A Ukrainian shoe manufacturer, Hanftek, has started exporting footwear made of hemp to Spain, Slovakia, Germany and Italy and is currently considering exporting to the U.S., Denis Burdeiny, brand manager of Hanftek told a local news agency, Shotam.Hanftek is growing hemp on 100 hectares of agricultural land in the Poltava ...
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The Footwearists keep on teaching
On Sept. 2, the Footwearists, the “nomadic” platform for training in footwear design run by Nicoline van Enter, will begin offering several online and offline training courses on sustainable materials and new manufacturing technologies, including 3D design. Registration for the courses is still open on the home page of its ...
