Latest Headlines – Page 141
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CVC may close down
France's oldest shoe factory, which has an annual production capacity for more than 300,000 pairs, may have to close down in the absence of a serious takeover proposal by Oct. 8. According to well-informed sources, six companies or individuals have asked to look at the accounts of its parent company, ...
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German shoe exports are on the rise
According to the German shoe and leathergoods industry association, HDS/L, German shoe exports went up by 8.9 percent to €3.5 billion in the first half of the year. In terms of volume, they grew by 6.6 percent to 158 million pairs and the average price per pair rose by 2.2 percent to ...
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Portugal invests heavily in its shoe industry
The Portuguese shoe industry decided in 2013 to invest at least €300 million between 2016 and 2020, or about 15 percent of its estimated added value, to improve its competitiveness at the international level under a strategic plan, called Community Support Framework Portugal 2020, that would be aided by the ...
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Aldo will work with Kurt Geiger
The Aldo Group has signed a deal that makes Kurt Geiger the exclusive operator of department store concessions for its collections in the U.K. and Ireland. It will also manage Aldo online stores in the department stores' marketplaces to help create an omni-channel retailing experience.The Canadian group will continue to ...
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Pentland loses the Ted Baker license
As previously reported, Pentland Brands has taken on the footwear license for Karen Millen, but it is now losing its license for another British fashion brand, Ted Baker, which is taking the business back in-house after a growth of 800 percent under Pentland's control. Since the signature of the license ...
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New hires at Pentland
Pentland Brands has appointed an experienced manager, Simon Breckon, as brand director of Ellesse to help sustain its strong momentum, particularly with its strong expansion in North America and Greater China.Pentland noted that Breckon has a proven track record in building brands with strong emotional connections to consumers such as ...
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Footasylum’s sales firm up, shares plunge
Footasylum saw its shares take another plunge after its second profit warning in three months, due to an underwhelming performance for the British sports fashion retailer over the summer as well as delays in store openings and enlargements.The retailer saw its share price shrink by more than 50 percent after ...
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Vans targets $5 billion in sales by 2023
At a meeting with investors a few days ago, VF Corporation unveiled an ambitious new target for Vans, its fast-growing brand of skate-inspired sneakers, to reach a total annual turnover of €5 billion by 2023, with sales of €4 billion in footwear and the balance in apparel and accessories.The business ...
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Shifting market shares in a stronger sports shoe market
We have been publishing an exclusive study of the athletic shoe market until now only in another business newsletter of ours that dovers this sector, Sporting Goods Intelligence Europe. As the current strong sneaker boom has broken the borders between sports and fashion, we have decided to present this study ...
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The U.S. footwear market is driven by comfortable styles and online sales
According to a new report from NPD Group, casual shoes continue to be key growth drivers of the U.S. footwear market, alongside the increase in online shopping, which is also having a major impact on this market. The U.S. footwear market grew by 7 percent in the first half of ...
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Printemps will launch a luxury e-tail site
Printemps, the Parisian department store, has announced that it will launch a new luxury e-commerce site. The new Printemps.com website is expected to be fully operational by the end of 2019, or by early 2020 at the latest. As opposed to Printemps' current website, which features products available at its ...
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Alibaba grows fast, earning less, and expands in Russia
Alibaba Group Holding continued to grow fast in the first fiscal quarter ended June 30, but its gross margin fell to 11.0 percent from 29.2 percent in the year-ago period, the lowest level since the leading Chinese e-commerce operator went public in 2014.Due also to extraordinary charges and high investments ...
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New stores, the internet and acquisitions drive CCC’s growth
Acquisitions boosted the revenues of CCC Shoe & Bags for the second quarter of the year. They jumped by 18.3 percent from the year-ago quarter to 1,125.8 million zlotys (€261.8m-$306.5m). Same-store sales were down by 1.4 percent, which the company attributed to a difficult comparison base and a very short ...
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Russian footwear stores have grown in size
Starting around 2014, many Russian clothing and footwear retailers have been re-organizing their store networks in Moscow and St. Petersburg, closing their small shops and opening bigger ones.The expansion has been made easier by the fact that store rental rates remained mostly flat in St. Petersburg and increased only slightly ...
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Russia’s shoe market may feel the sting of U.S. sanctions
Retail sales in Russia's shoe market are likely to drop slightly in 2018 as the latest U.S. sanctions against imports into the country have sent the exchange rate of the national currency soaring, negatively affecting the purchasing power of the local population, based on the analysis of the situation formulated ...
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Journeys boosts Genesco’s results, offsetting Schuh’s problems
Thanks to significant gains in revenues and profitability at Journeys, Genesco posted strong results for its second fiscal quarter, surpassing expectations. In contrast with previous performance, the American shoe retail group recorded the first growth in comparable sales in two years, up by 3 percent.However, the company's Schuh Group subsidiary ...
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Mixed results for Caleres
After a difficult start to its financial year, Caleres improved slightly in the second quarter, boosted by strong results at its big Famous Footwear retail chain. The American group, which is also the parent company of brands such as Naturalizer, Sam Edelman and Franco Sarto, saw consolidated sales for the ...
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DSW exceeds expectations
Boosted by strong seasonal sales of athleisure and children's styles, as well as strong digital marketing investments, DSW posted results for its second fiscal quarter that topped expectations. This led the American shoe retailing group to raise its guidance for the full year. It now expects its revenues to grow ...
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Shoe Carnival remains cautious despite strong quarter
Things are going well also for Shoe Carnival, which posted better-than-expected sales for its second fiscal quarter, boosted by mid-single-digit sales growth for adult athletic shoes. However, the company issued a more cautious outlook for the balance of the year.Shoe Carnival's sales climbed by 14.2 percent to $268.4 million. Comparable ...
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Rocky Brands’ restructuring efforts pay off
After recording heavy losses in 2016, Rocky Brands has been implementing several cost-cutting measures, while updating its manufacturing capabilities. It has now turned a corner, with profits rocketing in the second quarter of this year: net income jumped by 73.3 percent from the year-ago quarter to $2.65 million.The management attributed ...
