Latest Headlines – Page 145
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Soya Concept buys Shoe the Bear
Soya Concept, a successful Danish women's fashion company, has entered the footwear segment by purchasing Shoe the Bear, another Danish company that designs and sells men's and women's shoes in more than 20 countries, mainly online. The takeover comes with the appointment on June 1 of a new chief executive ...
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French slipper brands come under common ownership
A French bankruptcy court has decided to let Renaud Dutreil take over Rondinaud, the leading French brand of so-called “charentaise” slippers. The brand, which has been manufacturing the higher range of its product line in France, will lead a cluster of slipper brands in the Charente region.Dutreil, a former member ...
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Shoe Zone thrives thanks to its Big Box concept
Shoe Zone is reaping the benefits of its transformation plan, posting strong results for the first half of its current financial year, ended last March 31. The U.K.'s largest discount shoe retailer made massive investments in its store portfolio, closing 35 loss-making units in its fiscal year ended in August ...
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Geox’ Q1 sales drop by 11.2%
Geox' revenues declined by 11.2 percent to €264.5 million in the first quarter, missing market expectations by more than €13 million, due to store closures, fewer discounted sales and poor weather conditions. At constant currency rates, sales slipped by 10.0 percent.The group said that it has already recovered about €5 ...
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Clarks starts manufacturing again in England
Clarks is inaugurating a modern, new shoe factory this month near his global headquarters in the Somerset region of England. Taking some inspiration from the systems used in the autommotive and aerospace industries, it will use robots to assist its initial staff of 80 workers.The plant will have a capacity ...
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Gucci will produce more locally to cope with its stellar growth
Kering predicts that Gucci will hit €10 billion in annual sales, overtaking LMVH's Louis Vuitton as the world's biggest luxury brand. The path to success for Gucci has been paved by its new creative director, Alessandro Michele, whose flamboyant style has won fashion fans worldwide for the brand, driving sales ...
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Florence and Arezzo were Italy’s fastest-growing clusters in 2017
Italy's 153 industrial clusters – a very important factor in the country's economy – raised their exports of the products in which they specialize by 5.3 percent to €105.6 billion in 2017, driven by the metalworking and fashion industries. The export growth accelerated in the fourth quarter to reach 6.4 ...
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The luxury market will prosper in 2018, driven by China
The global personal luxury goods market is expected to grow by between 6 and 8 percent this year, driven by a strong rebound in China. That would mean sales reaching between €276 billion and €281 billion, according to a spring 2018 update of Bain & Company's ongoing study of the ...
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Bearpaw buys Flip Flop Shops
Bearpaw Holdings has acquired Flip Flop Shops, a chain of 59 franchised stores specializing in the sale of rubber sandals by brands such as Havaianas and Reef. The acquisition will help the American company, founded in 1986, to create a better seasonal balance with its own brand of sheepskin shoes, ...
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Hoka and Ugg help Deckers to score well
Thanks to a strong performance by Ugg and Hoka One One, Deckers Brands posted a stellar fourth fiscal quarter and full year, with revenues and profits beating analysts' expectations.The revenues from the Hoka One One brand jumped by 34.1 percent to $50.4 million for the quarter ended March 31, and ...
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ABG buys Nine West, outbidding DSW
The Authentic Brands Group (ABG) has won the auction for the takeover of the Nine West brand of footwear and the Bandolino brand of handbags from Nine West Holdings. ABG had filed an initial “stalking horse” bid of $200 million for the two businesses, but raised it in the end ...
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DSW posts better-than-expected results
Efforts to liquidate inventories and to wind down some businesses helped DSW post results for its first fiscal quarter ended April 29 that exceeded Wall Street expectations. During the last quarter, the group announced its exit from Ebuys, an e-commerce off-price footwear and accessories company it acquired in February 2016 for $62.5 million ...
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Caleres focuses on e-commerce
Caleres, the American group that owns the Famous Footwear retail chain and brands such as Naturalizer, Sam Edelman and Franco Sarto, had a mixed start to its financial year. Although revenues remained stable and earnings improved, they both missed analysts' expectations. Consolidated sales were practically stable at $632.1 million for ...
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Shoe Carnival launches new programs
Shoe Carnival announced the launch of an updated loyalty program, Shoe Perks Gold, that will focus on incentivizing its best customers to shop more frequently. In addition, a vendor-drop ship program is being launched during the current quarter to enable shoppers to gain access to a broader range of styles ...
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Genesco’s shares tumble as Schuh declines
Shares in Genesco - the U.S.-based owner of Journeys, Johnston & Murphy, and other retail banners - took a 9 percent dive after the company reported on weak results for its Schuh Group subsidiary in the U.K. The British retailer's revenues dipped by 7.0 percent to $80.3 million in Genesco's ...
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Boot Barn’ sales top guidance
Thanks to the contribution from new stores and a strong improvement in the women's category, Boot Barn saw sales for its fiscal fourth quarter ended on March 31 jump by 12.1 percent to $170.8 million, with double-digit same-store growth online and offline. The American shoe retail company, which specializes in ...
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Americans buy more sneakers, and more online
According to a report issued by Footwear Distributors and Retailers of America (FDRA), the leading footwear trade association in the U.S., 35 percent of Americans planned to buy shoes online this spring, up from 31 percent in 2017. The latest nationwide survey on the purchasing habits of U.S. footwear consumers ...
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Russia plans anti-fraud measures for the national shoe market
Russian Prime Minister Dmitry Medvedev has signed a bill introducing compulsory labeling with an RFID chip of all shoes on the domestic market starting from July 1, 2019. The decision is intended to wipe counterfeit products from the store shelves.With a special application on their mobile devices, customers will be ...
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The Russian shoe market is recovering
After a big slump in previous years, sales in the Russian shoes market were on the rise in 2017, driving up both imports and an expanding domestic footwear manufacturing base, according to research released by the Russian Union of Leather Workers and Shoemakers during its annual meeting in Moscow on ...
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Obuv Rossii boosts e-commerce
In the first quarter 2018, the hig Russian shoe retailer saw its net profit shrink to 83 million rubles (€ 1.15 m, $1.35 m), 43.3 per cent down as compared to the first quarter 2017, despite an increase in its revenues of 6.3 percent to 2,260 million rubles (€31.3m-$36.7m). A ...
