Latest Headlines – Page 137
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Asos reduces its guidance
In reviewing its performance in the three months through Nov. 30, the leading British online retailer reported on Dec. 17 that it was lowering its expectations for its financial year after a significant deterioration in its sales during the important month of November, adding that conditions had remained challenging, against ...
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Record Black Friday sales in Russia ahead of VAT hike
Black Friday 2018 brought an unprecedented level of sales to the shoe stores all over Russia, according to a market research agency, Infoline Analytics, rising by between 70 to 100 percent as compared to November 2017.Sales increases in brick-and-mortar stores ranged between 30 and 40 percent, while online stores recorded a ...
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Russian online retailer expands into the shoe segment
One of the Russian biggest online retailers, Ozon, said at a recent conference in Moscow that it wants to expand sales of footwear through its website by a factor of ten. It also wants to sell more clothing.At the moment, Ozon is perceived by Russian customers mainly as an internet ...
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Obuv Rossii uses more click & collect and blockchain
Obuv Rossii, the big Russian shoe producer and retailer, has announced plans to expand PickPoint's network in Russia by opening pick-up locations for products it sells online within its stores. This will allow the company to increase customer flows and take advantage of growing sales in the online segment.Obuv Rossii launched a ...
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Karstadt and Kaufhof complete their merger
A new joint venture has been signed between Signa and Hudson's Bay Company (HBC) to run the Karstadt and Galeria Kaufhof department stores in Germany and other retail operations in Belgium and the Netherlands, according to an official announcement made on Nov. 30 that the long-awaited transaction has been ...
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EU sales of shoes grow faster in the less mature markets
According to a study conducted by the Institute for Retail Research (IFH) in Cologne together with BBE, a German consultancy for the retail industry, consumers in the 28 member countries of the European Union spent about €67 billion on shoes in 2017. This amounted to an average consumption per capita ...
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Italy made 5% fewer shoes in Q3
Italy's shoe production fell by 5.0 percent in volume in the third quarter of 2018, resulting in a 2.4 percent decline for the first nine months of the year, according to a survey released by the Italian shoe industry association, Assocalzaturifici.The association noted that domestic demand was not showing any ...
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Spanish shoe exports decline
In the first nine months of 2018, Spain exported 122.7 million pairs of shoes for a value of €2.108 billion. Fice, the Spanish shoe industry federation, said this amounted to decreases of 1 percent in value and a 3.6 percent in volume from the comparable period of 2017. But it ...
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Ukrainian shoe industry sees threats in growing foreign trade
In the first ten months of 2018, Ukraine exported shoes worth $149 million, 23.1 percent more as compared to the same period of the previous year, says the Ukraine Light Industry Association (UkrLehProm). It pointed out, however, that the country's international trade in the sector is bringing not only opportunities, ...
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New management, new lines for Lumberjack
Lumberjack, the Italian brand of casual footwear, is diversifying into the sports and outdoor sectors and moving into new foreign markets while coming under new management. Erkan Emre, who has worked for 17 years for the Turkish group that took over Lumberjack in 2012, has been appointed as its chief ...
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Ferragamo’s CFO leaves, triggering new rumors
Salvatore Ferragamo has said that its chief financial officer, Ugo Giorcelli, will be leaving on Jan. 11 for a new job opportunity. The company has also said that he will not benefit from any extraordinary severance payments and will not be tied by a non-competition agreement. It was subsequently announced ...
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A removable-upper firm seeks an investor
ACBC, an Italian start-up company that is offering a patent-pending modular footwear technology, is looking for an investor to help support its strong development. The majority of its capital is currently held by the company's founders, Gio Giacobbe and Edoardo Iannuzzi.The shareholders have mandated an Italian bank, Banca Sella, to ...
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Italy’s Spernanzoni seeks partners to expand abroad
Spernanzoni, a family-owned company that trades under the Spernanzoni and Il Gergo brands, is looking for a partner to expand its business internationally. The upmarket Italian shoemaker, located in the Marche region, was created in 1965 by the late Vittorio Spernanzoni and continues to be run by his three children.In ...
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Micam is working on a more “customized” concept
The organizers of the world's largest footwear trade show say they are putting in place a number of strategies on the communication front and others to help create an increasingly “customized” event for all the participants.For this purpose, they have carried out an in-depth analysis of Micam's exhibitors and visitors, ...
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Gallery Shoes wants to be more modern and international
Like the former GDS, the new Gallery Shoes fair, launched in Düsseldorf in August 2017, wants to attract a higher proportion of foreign exhibitors and buyers. Among other initiatives, a multilingual team will assist visitors at new digital registration columns that will replace the traditional counters at the entrance of ...
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Fewer physical chain stores in New York City
It could have happened earlier, but up to now the digital disruption of the American retail market seems to have been affecting mostly suburban shopping centers and department stores. Anyhow, the number of chain stores in New York's five boroughs has gone down for the first time in the 11-year ...
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Genesco posts higher comps despite Schuh’s problems, sells Lids
Thanks to the ongoing strength of its U.S. footwear businesses, Genesco has recorded its highest comparable sales increase in more than two years and significantly improved its profitability. However, total sales were down from the year-ago quarter due to a calendar shift that moved an important back-to-school sales week out ...
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Caleres slashes profit expectations after mixed results
Caleres has posted mixed results for the third quarter ended on Nov. 3. The group's consolidated sales for the quarter remained flat at $775.8 million, with a decline at its Famous Footwear retail chain offset by higher revenues from its growing portfolio of wholly-owned footwear brands including Allen Edmonds, Blowfish ...
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DSW raises guidance as it posts strong profits
The big American shoe retailer lifted its outlook for the full financial year after reporting better-than-expected profits in the third quarter, along with strong same-store-sales. The group's net income soared from $4.0 million in the third quarter of 2017 to $39.3 million in the latest quarter. The company now expects ...
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Shoe Carnival posts higher comps, raises outlook
Shoe Carnival has raised its guidance for the full year after reporting higher profits and comparable store sales for its third fiscal quarter.The company said it recorded growth in all geographic regions and all product categories, with comparable store sales growing by 4.5 percent, on top of a 4.4 percent ...
