Latest Headlines – Page 147
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Frau explores foreign markets
Led by its second generation, Frau, a brand of innovative, comfortable and stylish shoes for men and women “made in Italy,” has just launched a revamped website and online store. It has also started exploring foreign markets, following major investments in design and technology made under the management of Gabriella ...
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Stonefly develops synergies with Lotto
This is another, bigger Italian brand of comfort shoes that is seeking to rejuvenate its image, targeting customers between the ages of 30 and 40, reinforcing its offerings in the men's segment and adding a sneaker-inspired touch to its comfort shoes with some of its latest lightweight, flexible models.On the ...
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Kawasaki’s canvas shoes plan a comeback
Sports Group Denmark has obtained a four-year license for the development and global distribution of an expanded line of Kawasaki footwear, with a new and updated concept. It is talking to new and old distributors of the line with a goal of firming up the range and the international sales ...
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Crocs raises guidance after strong Q1 results
Crocs said its results for the first quarter exceeded its own guidance and financial analysts' projections, with the spring/summer 2018 collection being well-received, with the launch of LiteRide - a range of athleisure shoes with light materials - surpassing its own expectations. This led the company to raise its guidance ...
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Vans is still driving VF Corp’s growth
The Vans brand continues to lift VF Corporation's results. The brand's sales for the three months ended March 31 jumped by 45 percent in dollars and by 39 percent in local currencies, with balanced growth across regions and channels. In reported dollars, Vans' turnover was up by 53 percent from ...
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Grendene’s export volumes slow down
Grendene's sales increased by 6.9 percent in the first quarter to 621 million Brazilian reais (€145.7m-$172.9m), led by a recovery in volumes and gains in industrial efficiency that led the Brazilian group to post a record operating profits.The parent company of Ipanema, Melissa, Rider and Grendha recorded sales growth both ...
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Alpargatas performs better at home than abroad
The volume of sandals sold by Alpargatas in Brazil under its Havaianas and Dupé brands rose by 33.1 percent to 47.4 million pairs in the first quarter of 2018, helping the company to improve the gross margin generated in its home market by 4.5 percentage points to 46.1 percent and ...
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Vulcabras grows only in the sports segment
Vulcabras Azaleia did not grow in the first quarter as fast as it did in 2017, leading up to its public offering in October. The management explained this with the fact that expectations for improved consumption of apparel and footwear in Brazil seem to have been postponed.While the company was ...
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New call for transnational collaboration in Europe
The European Union launched last month a second call for proposals for participation in its Worth Partnership Project, offering funding of up to €10,000 for any project involving at least two designers, manufacturers or technology firms in certain sectors, including footwear, from at least two different countries.The project is funded ...
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Yue Yuen produces and earns less
An expected drop in revenues from manufacturing led Yue Yuen Industrial Holdings to report a decline of 18 percent in comprehensive net income to $119.0 million for the first quarter ended March 31. Taking out extraordinary items, net earnings were still down by 13.8 percent to $90.8 million.The world's largest ...
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Paper packaging costs are rising
In looking at the full range of social and environmental issues facing the paper industry, there are a few key themes that are causing quite a bit of turmoil in supply and demand, directly affecting Asian prices.Paper consumption has reached unsustainably high levels, particularly in Asia. Paper use is steadily ...
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Atlas boosts production with Desma
Continuing its long-standing partnership with Desma, Atlas Schuhfabrik has invested in a new fully automated system from the German direct injection specialist to meet increasing demand. Atlas, a supplier of safety footwear based in Dortmund, Germany, overhauled its production capacity in January by installing the biggest rotary table ever delivered ...
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Strong interest for this week’s UITIC Congress in Porto
About 500 delegates from more than 30 countries around the world - about 240 of them from Portugal - have registered to attend the 20th edition of the UITIC Congress in the Portuguese city of Porto on May 16-18 to learn more about the development of the shoe sector, particularly ...
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Top luxury goods brands are hot
Like the two big German athletic footwear companies, Adidas and Puma, which we report about regularly in Sporting Goods Intelligence Europe, two of the three major French luxury goods groups surprised financial analysts with the strength of their results for the first quarter of this year.Maintaining the strong sales momentum ...
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LVMH is going for sneakers
The world's largest luxury goods company is reportedly eyeing a possible investment in Stadium Goods, an exclusive American online retailer for “authenticated” sneakers that has been collaborating with the likes of Supreme and Off-White, the company founded in 2013 by Virgil Abloh, the 37-year-old designer who has just been appointed ...
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Ferragamo recruits a former Gucci executive
Salvatore Ferragamo has appointed Micaela Le Divelec, a former Gucci executive, as managing director and chief corporate officer. She will join Giacomo (James) Ferragamo, who has been appointed vice chairman, and the chief financial officer, Ugo Giorcelli, to form a trio of “strategic managers.” The company's annual shareholders' meeting confirmed ...
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Poletto will run Weitzman
Eraldo Poletto, the experienced Italian executive who left as chief executive of Salvatore Ferragamo last month, has been appointed as the new CEO and brand president of Stuart Weitzman, effective from April 30. He will directly report to Victor Luis, the CEO of Weitzman's holding company, formerly called Coach and ...
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Bally boosts profits, with higher sales in the U.S. and Japan
The new Chinese owners of Bally seem on a winning streak with their recent investment in the high-end Swiss shoe and leathergoods brand, which reportedly last year made its biggest underlying operating profit (Ebitda). The stellar results are the result of a major turnaround program undertaken over the last two ...
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A tough year for brick-and-mortar shops in the U.K.
With 5,855 store closures in 2017, the U.K.'s main shopping streets experienced the worst year in this respect since 2010. Shoe retailers and fashion shops were among the segments that suffered the most from the rise of internet shopping, together with travel agencies, banks and real estate agents. Similar developments ...
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Nine West goes bankrupt
Nine West Holdings has filed for voluntary Chapter 11 bankruptcy proceedings, protecting the diversified American group from the growing pressure of its creditors, who are owed a total of $1.5 billion, in a rapidly changing retail landscape. It has received new debtor-in-possession financing of $300 million, which will allow new ...
