Latest Headlines – Page 133
-
Article
Who is Luís Onofre?
Luís Onofre, 43, launched his own brand of handcrafted designer women's shoes in 1999. He started to participate in the Micam show in Milan in 2003. Six years later he started collaborating with H&M as well as high-end brands like Jimmy Choo and Marni, but continued to develop his own ...
-
Article
Payless closes all its North American stores
While filing again for Chapter 11 bankruptcy protection in the U.S., Payless ShoeSource is conducting the largest liquidation sale in the country by the number of stores. It plans to close all its 2,587 North American stores before the end of May, taking advantage of the Easter selling season if ...
-
Article
Footasylum returns to its roots
JD Sports Fashion has acquired a stake of 18 percent in 8,676,878 shares of Footasylum, the U.K.-based retailer of sneakers and sports apparel. JD announced first that it had bought 8.3 percent of the shares, but then Footasylum said that JD's stake had risen to more than 18 perent. ...
-
Article
Giogio Presca becomes Clarks’ CEO
Clarks has appointed Giorgio Presca, an experienced Italian manager who ran Geox between 2012 and 2016, as its new chief executive. Presca is taking over from Stella David, who had been named interim CEO to replace temporarily Mike Shearwood, the previous chief executive, who resigned in June 2018 amid an ...
-
Article
Vivarte hires a general manager for focused growth
Stéphane Roche, 57, was appointed Vivarte's general manager on March 4. He will be working with Vivarte's current president, Patrick Puy, who had been looking for a retail expert to initiate a new phase after three years of restructuring at the French group, which still owns La Halle and Caroll, ...
-
Article
Harrys comes back to New York
Harrys of London, the purveyor of high end lace-ups, loafers, sneakers and slippers, has opened a flagship store at one of New York City's most exclusive junctions, Park Avenue and East 57th Street, just a few blocks from Bloomingdale's and the Plaza Hotel.The brand's profile has risen as celebrities, like ...
-
Article
New top managers at Bata
Claudio Alessi, an Italian manager who has spent 17 years with the Bata Shoe Organization in several countries, is returning to Italy to serve as president of Bata Europe at its office in Padua, overseeing the company's retail subsidiaries in Italy, Spain, the Czech Republic, Slovakia and Switzerland. In this ...
-
Article
ANWR expands the range of its services
The international ANWR Group, the voluntary consortium of independent retailers operating in various European countries, reported an overall increase of 9.5 percent in its total business volume to €9.5 billion for the past year. The growth was driven by a rise of 7.9 percent to €6.7 billion in the turnover of its ...
-
Article
Farfetch links up with Harrods and JD.com
While reporting an encouraging reduction in losses for the fourth quarter of 2018, Farfetch announced last month major partnerships with the exclusive Harrods department store in London and JD.com, the second-largest e-tailer in China. The bigger Alibaba Group had previously struck a similar deal with Yoox-Net-a-Porter.Consolidating its position as a ...
-
Article
Zalando regains momentum
Heavy investments in software, new systems and new distribution centers contributed to a decline in the operating margin to 3.2 percent last year from 4.8 percent, but the management expressed confidence that the margin will reach 13 percent sooner or later. It has set out an ambitious goal for the ...
-
Article
Kering books an Ebit margin of 28.9%
We have already reported the excellent results achieved last year by LVMH and Hermès, which contrast with the rather disappointing results of two more footwear-specific luxury goods companies, Salvatore Ferragamo and Tod's (see also the news briefs in this issue). Kering did even better in 2018 with an increase of ...
-
Article
Geox posts convincing Q4 results
Geox reported a net loss and declining sales for the past year, but posted convincing fourth-quarter results, especially for its directly-managed stores and e-commerce. The revenues of €827.2 million for the full year were down by a reported 6.5 percent and by 5.5 percent at constant foreign exchange rates, but ...
-
Article
Steve Madden posts a strong quarter, overshadowed by Payless’ bankruptcy
Continuing on its strong performance in the previous months, Steve Madden once again posted upbeat results in the fourth quarter of 2018, driven by strong growth in both wholesale footwear and accessories. The flagship Steve Madden brand stood out, in both footwear and handbags. The group also saw outstanding growth for ...
-
Article
Wolverine partners with Xtep for China
Wolverine Worldwide and Xtep International, one of the major Chinese sporting goods companies, have announced agreements to set up a joint venture that will develop, market and distribute Merrell and Saucony footwear, apparel and accessories in China, Hong Kong and Macau. Some of the items will be exclusively designed and ...
-
Article
Driven by Merrell and Sperry, Wolverine raises sales and margins
Thanks to efforts to reduce operating expenses, which declined by 40 percent year-on-year, Wolverine Worldwide's margins improved before exceptional items and profits soared in the fourth quarter ended on Dec. 29. The quarterly net income reached $39.3 million, compared with a loss of $60.3 million for the fourth quarter of ...
-
Article
A new generation and record results for BasicNet
A new generation is taking over at BasicNet, the parent company of brands like Kappa, Superga and Sebago, after the company reported the best financial results in its history. Its consolidated sales grew in 2018 by 14.7 percent to €210.4 million, with a growth of 15.2 percent in local currencies. ...
-
Article
Crocs posts better-than-expected results
Led by the U.S. market and driven by its wholesale business, Crocs posted record revenues for the fourth quarter. Reaching a level of $216.0 million, they were up by 8.5 percent from the year-ago quarter, or by 11.3 percent on a constant-currency basis. This was well above the top end ...
-
Article
Dr. Martens invests £2m in its English heritage
Dr. Martens is overhauling its original factory in the Northamptonshire town of Wollaston. The plan is to more than double its production capacity from the current level of 70,000 pairs to 165,000 pairs per year, and to open what the company is calling a new visitor and heritage center in ...
-
Article
Baldinini quits the U.S., boosts e-commerce
Baldinini has decided to stop its costly investments in the U.S. market, which it had attacked a few years ago in an effort to diversify geographically from the volatile Russian market, which still represents around 80 percent of its annual turnover of around €100 million. The Italian company will close ...
-
Article
Grendene’s exports continue to decline
The past year was a difficult one for Grendene's large export business, and the fourth quarter was no exception. In line with the rest of the year, its overall shipments out of Brazil declined by 12.0 percent in volume to 14.1 million pairs during the quarter, although they rose in ...
