Latest Headlines – Page 146
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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 ...
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Confindustria Moda inaugurates new offices
Confindustria Moda, the umbrella organization of the Italian fashion industry, inaugurated on May 15 its new 3,800 square-meter offices hosting more than 100 employees at Via Riva Villasanta 3 in Milan.Confindustria Moda comprises Sistema Moda Italia (SMI), which groups the textile and apparel firms operating in the country; Assocalzaturifici, the ...
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Cheers for the UITIC Congress in Portugal
The 20th Congress of the International Union of Shoe Industry Technicians (UITIC), which was held in Porto on May 16 to 18, was described by its organizers as an “incredible” event because of the record number of delegates, the high level of the presentations and interesting visits to Portuguese shoe ...
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A call for free and fair trade for footwear
Held only a few weeks before the European Union decided to impose retaliatory duties on footwear and other items imported from the U.S., last month's UITIC Congress in Porto was also the stage for a joint declaration against protectionism issued by the International Footwear Forum of the European Confederation of ...
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A revolutionary new process: 3D bonding
A new manufacturing process for shoes that requires no stitching, no lasting and no assembly, called 3D bonding, is going to be adopted by a Portuguese manufacturer of safety shoes, AMF, and by Keen Footwear in the U.S. for its outdoor shoes. The process takes only a few seconds and ...
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New comfort technology by GoreTex
W.L. Gore & Associates is launching a new, proprietary Gore-Tex waterproof/breathable construction, called Gore-Tex 3D Fit Footwear, featuring a three-dimensional insert to contour the shape of the foot more effectively, like a sock, in order to deliver a higher degree of comfort.The first two adopters will be Adidas with its ...
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Rockport files for bankruptcy
The Rockport Group filed for Chapter 11 bankruptcy protection in a Delaware court yesterday, citing numerous issues including a promotional environment, weak sales at the company's current 22 full-price Rockport stores in North America in recent years and a difficult and expensive separation process from the Adidas Group.A private equity ...
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Clarks re-engineers after lower sales and profits
The new management of C&J Clark (Clarks), led by Mike Shearwood, is not standing still. It is deploying new initiatives to improve sales and profits after a difficult financial year in which the company incurred a net loss on lower sales for several reasons, including a general uncertainty in the ...
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Wolverine reinvests its improved margins
Wolverine Worldwide reported a record net profit of $46.7 million for the first quarter ended March 31, up from $16.7 million in the year-ago period, thanks in part to lower taxes and a foreign exchange gain of $8 million.Sales declined by 9.7 percent to $534.1 million, but they were up ...
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E-commerce attracts big investors
The fast-moving digital retailing sector, which needs cash to grow, has attracted two very big players at the high and low end of the market.Richemont, which owns brands like Cartier and Chloé, succeeded a few days ago in its bid to take over control of Yoox Net-a-Porter (YNAP) in a ...
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Zalando adds a line of beauty products
Zalando added a line of beauty products from 130 cosmetic and skin care brands to its offer toward the end of the first quarter of this year, accompanied by online tutorials and plans for the establishment of a Beauty Concept Store in Berlin next month. More than 70 percent of ...
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Alibaba’s sales up 61%
Alibaba posted revenues of 61.9 billion yuan renmimbi (€8.2bn-$9.8bn) in the fourth quarter ended March 31, up by 61 percent from the same quarter a year earlier. Meanwhile, its net profit for the quarter fell by 33 percent to RMB 6.6 billion (€871.5m-$1,042.3m). The decrease was primarily due to non-recurring disposal ...
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JD.com’s sales increase at a slower pace
JD.com, the second-largest e-commerce firm in China after the Alibaba Group, has announced revenues of 100.1 billion yuan renminbi (€13bn-$16bn) for the first quarter of 2018, marking an increase of 33.1 percent from the first quarter of 2017. It also showed its slowest quarterly revenue growth since the company went public, ...
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CCC expands in Romania and Ukraine
CCC Shoes & Bags announced late last month its acquisition of a shoe retailer in Romania, Shoe Express, for €33 million. The company was previously owned by Peeraj Brands, the exclusive franchisee of CCC in the country, with a network of 54 stores generating annual revenues of €33 million.CCC sees ...
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New cooperations over the web in Germany
Schuhe.de, the fast-growing German internet platform for shoe retailers run by the ANWR Group, has signed a cooperation agreement with Amazon. Retailers affiliated with schuhe.de will be able to offer their product lines through Amazon. ANWR recently signed similar agreements with Zalando, eBay and Spartoo, the French online shoe retailer ...
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Italy’s shoe exports accelerate
After rising by 2.6 percent in 2016, Italy's exports of shoes and components went up by 3.4 percent in value to more than €9.5 billion in 2017. The good performance followed a relatively strong increase of 6.6 percent in the fourth quarter of the year, which came after increases of ...
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Ferragamo’s shoes lose steam
Salvatore Ferragamo posted a 1.7 percent year-on-year decline in first-quarter sales to €303.9 million. But, at constant-currency rates, quarterly sales rose by 1.7 percent, with the wholesale business performing slightly better than the company's stores in Europe.On a global basis, the company's sales of footwear declined by 5.3 percent in ...
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Tod’s falls by 5.2%
Tod's posted a 5.2 percent decline in revenues to €226.1 million for the first quarter of 2018, in line with the group's and financial analysts' expectations. At constant currency rates, the decline narrowed to 1.8 percent.On top of adverse currency variations, the group said it suffered from unseasonable weather conditions ...
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Moon Boot is becoming a lifestyle product
The Tecnica Group is taking its iconic after-ski boot down from the mountains to the city, expanding the range of its styles and positioning the Moon Boot as a premium-priced, contemporary brand of warm and comfortable footwear with an Italian design for young and adult women, a little like Moncler ...
