Latest Headlines – Page 132
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Rohde’s situation stabilizes under new ownership
Rohde, the German shoemaker that came out of insolvency in 2017 after being bought by Italy's Inblu, posted net sales of €16 million last year. Its management claims that it has returned to a normal business conditions with the autumn/winter 2018/2019 collection. Inblu is a unit of the Italian-based Condor ...
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Lower foreign sales by German shoe companies
The growth of the German footwear industry weakened considerably in 2018, weighed down by lower sales abroad, according to an annual report by the Federal Association of the German Footwear and Leathergoods Industry (HDS/L), presented at last month's Gallery Shoes fair in Düsseldorf.In 2018, the total sales of German shoe ...
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Obuv Rossii gets money to fuel expansion
Russia's major shoe retailer, which is also a major shoe manufacturer, signed an agreement with one of the Russian biggest banks, Promsvayzbank, for 3 billion rubles (€40m-$45.5 m) to support the Obuv Rossii's long-term development strategy. The bank said the loan had been granted to support the government's plans to ...
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Obuv Rossii considers Central-Asian expansion
The big Russian footwear manufacturer and retailer participated for the first time in a fair in Almaty, the capital of Kazakhstan, to find ways to enter the country. Obuv Rossii said it is evaluating prospects in the broader Central Asian shoe market.In Kazakhstan, Obuv Rossii exhibited both its casual and outdoor ...
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A wave of bankruptcies is projected in the Russian shoe industry
There is a danger that the Russian government will decline to extend its longstanding ban on rawhide exports. If this happens, the domestic shoe industry may experience the bankruptcies of several dozen companies that annually pay 8.2 billion rubles (€112m-$126m) into the federal budget in taxes and other fees. The ...
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Bogs’ sales lift Weyco Group’s results
After posting lower sales in the third quarter, Bogs bounced back in the fourth quarter with sales jumping by 34 percent. The management said that some of this increase was driven by favorable weather, with early cold and snow this fall across a good part of the U.S. and Canada, ...
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Britain’s Schuh drags down Genesco
After posting its highest comparable sales increase in more than two years in the third quarter, Genesco once again reported strong comparable sales for the fourth quarter ended on Feb. 2, up by 4 percent, on the back of the ongoing strength of its U.S. footwear retail businesses. These figures ...
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DSW unveils new strategy, changes name
The American shoe retailer reported strong sales for its fourth fiscal quarter, but its shares tumbled by almost 25 percent as it posted a surprising loss and issued a weak outlook. The management unveiled a new strategy to support the company in the long term, and decided to change its ...
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Good growth for DSW
In the three months ended on Feb. 2, 2019, DSW's total revenues jumped by 15.9 percent from the year-ago period to $838.6 million. Comparable store sales climbed by 5.4 percent. The management attributed these results to the relaunch of the DSW loyalty program, its product assortment and its strategy to ...
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Vionic and Blowfish boost Caleres’ results
Caleres' sales for the fourth quarter ended on Feb. 2 were boosted by its two newest acquisitions, Vionic and Blowfish. The U.S. group's consolidated sales for the quarter increased by 2.5 percent to $720.3 million, with a decline at its Famous Footwear retail chain offset by higher revenues from its ...
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Shoe Carnival tops profit expectations
Shoe Carnival's shares jumped by 10 percent after the U.S. shoe retailer reported earnings for its fiscal fourth quarter that exceeded analysts' expectations. The company's net income reached $1.4 million, compared with losses of $3.9 million for the year-ago period.Revenues went down by 3.5 percent to $234.7 million for the ...
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Retail sales lift Rocky Brands
After a strong first nine months in 2018, Rocky Brands is still reaping the benefits of implementing several cost-cutting measures and updating its manufacturing capabilities in 2017. The company's retail sales recorded a double-digit growth during the fourth quarter, while the wholesale business posted a solid gain. The gross margin ...
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Manufacturing challenges impact Yue Yuen’s results
Yue Yuen Industrial said that its manufacturing business continues to face a number of uncertainties, including intense competition and the changing demands of its clients, such as the shortening of lead times and increased seasonality.Revenues from manufacturing activities declined by 1.5 percent to $5,390 million in 2018 for the world's ...
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Fashion athletic products boost Stella’s results
Stella International's revenues decreased by 0.7 percent in 2018 to $1,588.6 million. The volume of its shoe deliveries from its manufacturing facilities rose by 6.4 percent, with 60.2 million pairs shipped by the Chinese company during the period, but average selling prices went down by 3.5 percent to $25.80 per ...
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Pittards seeks to diversify
Pittards, a major U.K.-based supplier of leather to the sporting goods industry, had a mixed year in 2018, with revenues falling by 5.9 percent from 2017 to 28.5 million pounds sterling (€33.1m-$37.2m). The management said it faced a difficult environment, including a globally subdued economic climate, with overall weaker demand ...
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SafeSize draws new funding
SafeSize, the Dutch foot- and shoe-scanning company, recently raised €10 million in a Series B round of funding. The investors are 3TS Capital Partners of Finland, which focuses on small and medium-size enterprises (SMEs) in tech and media; Convent Capital of the Netherlands, which focuses on medium-size businesses in the ...
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DIS completes funding round, diversifies its range
DIS, an Italian startup that offers high-end customized shoes, raised €330,000 in a capital increase achieved through a crowdfunding campaign launched last September (see Shoe Intelligence Vol.20 n°19+20 of Oct. 20, 2018) and direct investments by two business incubators, B Heroes and The Hive.The new shareholders control 7.35 percent of ...
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Micam invites you to fall in love with beauty
“Fall in love with the Beauty ye who enter” is an extract from “Paradise,” the last section of the Divine Comedy, the long poem completed by Dante Alighieri in 1320. It is also the theme chosen for the advertising campaign due to be launched for the next edition of Micam ...
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The international trade picture is getting foggier
The next hours will be decisive for the future relations between the U.K. and the European Union. Meanwhile, many foreign companies in the footwear sector and others have been gearing themselves up for the worst scenario of a possible immediate exit of the U.K. by the previously set deadline of ...
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Luís Onofre is CEC’s new president
Luís Onofre, the fashion designer who heads up the Portuguese shoe and leathergoods industry association, Apiccaps, has been elected as the new president of the European Confederation of the Footwear Industry (CEC), which represents more than 21,000 companies employing over 278,000 people all over Europe.He will take over the reins ...
