Latest Headlines – Page 149
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Zalando invests in new markets, categories and infrastructure
Zalando wants to move into two unidentified new European markets as part of multi-faceted investments targeting a sales increase of 20 percent to 25 percent and continuing market share gains this year.The German online fashion retailer raised its turnover by 23.4 percent to €4,489 million in 2017, driven by a ...
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Deichmann grows by 6%
Deichmann announced that its sales in terms of volume increased by 3 million pairs to a total of 176.6 million pairs in 2017, as compared to the previous year. The leading European shoe retailing group reported that its gross sales, adjusted for currency exchange effects, rose by 5.9 percent in ...
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Humanic’s parent performs better
Announcing its intention to open up to 50 new stores in the medium term in Austria and neighboring countries, Leder & Schuh reported a big improvement in operating earnings (Ebit) for last year to €15 million from €12 million in 2016, in spite of investments of €10 million for the ...
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Quick Schuh introduces a new store concept
ANWR has developed a new image for its Quick Schuh franchised retail concept for 2018. Pedro David Mastrorilli is responsible for the re-launch together with Nicole Wesner and Hans-Jörg Siegers. The aim is to increase customer frequency and space productivity of the stores and to define a clear positioning of ...
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Lloyd launches a new store concept in China
After a long search for a suitable location, Lloyd Shoes has opened a 70-square-meter concept store in Bremen, where the brand was founded 130 years ago. It has also launched an interesting new retail concept in China.To celebrate the opening of the Bremen store, Lloyd held a draw for invited ...
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Portuguese shoe exports are on the rise
Portugal exported 83 million pairs of shoes in 2017, according to Statistics Portugal, worth €1,965 million, an increase of 2.8 percent as compared to the previous year. It was the eighth consecutive year of export growth for Portuguese footwear. Since 2009, the increase has been of around 55 percent. Europe ...
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Online retailing makes up 20% of the German shoe market
The management of the German shoe retailers' federation, BDSE, reported an increase of 1.5 percent for the German shoe retail trade, but estimated that sales of footwear over the internet grew at a stronger rate of 7 percent, down from their previous double-digit increases. Across all sales channels, including the ...
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The German shoe industry’s sales grow by 5.9%
The “sneaker hype” again helped boost shoe exports from Germany in 2017. According to federal statistics, exports of sports shoes with textile and leather uppers rose last year by 22.2 percent to 41 million pairs. Overall sales abroad of shoes with textile uppers went up by 17.9 percent and those ...
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Adidas sneakers’ growth slows down
Footwear was the engine behind the strong sales growth registered by the Adidas Group last year. The Adidas brand again saw its sales of sneakers and other casual styles under the Adidas Originals and Neo brand names outpace its sports performance products, but their growth is slowing down.Adidas' Originals and ...
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A record year for Ecco
Ecco said it achieved its best financial results to date in 2017, despite a challenging retail environment and currency headwinds. Pre-tax earnings increased by 8 percent from the previous year to €183.8 million, on a turnover that rose by 2 percent to €1,276 million. Currency fluctuations had a negative impact, ...
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Geox’ 2017 net profit surges after restructuring
Geox finished 2017 with a net profit of €15.4 million, up sharply from €2.0 million in the previous year as it benefited from the fruits of a major reorganization process. The board decided to increase the annual dividend to €0.06 per share, representing a total outlay of €15.6 million, up ...
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Ferragamo’s chairman takes over as the CEO leaves
Salvatore Ferragamo's board of directors has given the power to run the company on an interim basis to its chairman, Ferruccio Ferragamo, after the company's short-lived chief executive, Eraldo Poletto, stepped down on March 8 both from his job and the board. He was replaced on the board by Giacomo ...
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Ferragamo posts lower sales and profits
As previously reported, Salvatore Ferragamo posted a 3.1 percent decline in revenues to €1,394 million in 2017. At constant currency rates, they declined by 1.4 percent (see Shoe Intelligence Vol 20 n°3+4).Net income after minority interests was down by 42.4 percent to €114.3 million, some €10 million less than what ...
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Ferragamo sees new trends in luxury
The global personal luxury market is estimated to have grown by 6 percent at constant currency rates in 2017 and is expected to register a similar performance in 2018, with the interception of millennials' demand being key for success, according to a market scenario released by Salvatore Ferragamo.The survey indicated that ...
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Tod’s predicts a slight sales increase
Tod's, which as previously reported is also going under new management (see the News Brief in this issue), expects to post a slight increase in revenues this year but remains cautious about operating profits. Anyhow, the bottom line is due to benefit from a lighter tax burden.In a conference call ...
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Prada pledges return to growth in 2018
The Prada Group expressed confidence that it is writing a “new chapter” in its history and that it is reasonable to expect organic revenues to grow by a “mid to high single-digit” rate this year, putting an end to a steady stream of declines since 2014. Such growth would translate ...
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Wolverine wants to grow more internationally
Wolverine Worldwide announced new initiatives to accelerate product development, boost e-commerce and drive expansion abroad, while releasing mixed results for 2017, with lower revenues but higher margins. The group's management also indicated that it may be willing to consider new acquisitions after its recent disposal of several brands including the ...
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Crocs’ sales top guidance but shares fall on weak outlook
After three consecutive quarters of better-than-expected growth, Crocs is continuing on this upward trend, posting sales for the fourth quarter that again exceeded its sales projections, led by the Americas region. Despite these positive results, the company's share value fell by nearly 2 percent, as analysts were disappointed about the ...
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Vans’ ongoing strength drives VF Corp.
Before announcing the sale of Nautica and the acquisition of Altra, a highly technical brand of running shoes, VF Corporation said that the Vans brand finished the past year with an impressive rise in demand, as its sales surged by 35 percent in constant currencies in the last quarter, with ample ...
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Bogs' struggles continue
Bogs did not manage to reverse its fortunes during the latest quarter, after several months of decline. The brand's revenues for the three months ended Dec. 31 fell by 10 percent from the year-ago quarter. The management said that the fourth quarter looked very promising during the early November cold ...
