Latest Headlines – Page 158
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Geox hires Jing Tian as brand ambassador in China
Jian Tian, an actress who starred in the film The Great Wall, has been named brand ambassador for its next autumn/winter and spring/summer collections. Over the next 12 months, she is expected to support the company's sales in China by taking part in appearances in the group's directly-operated stores, currently ...
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Skechers’ sales rise by 17% but foreign costs keep profits down
Skechers USA's results for the second quarter topped expectations, due in part to strong double-digit growth in its business outside the U.S. Total revenues hit a new record of $1,030 million, which represents an increase of 16.9 percent over the second quarter of 2016. When it reported first-quarter results in ...
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Crocs will appeal to protect its classic clog design
The U.S. Patent & Trademark Office (USPTO) announced a few days ago a third verdict invalidating the D517789 design patent – known also as the ‘789 patent - issued to Crocs in 2006 for its molded Classic Clog, ruling that it was anticipated by a prior design published a year ...
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Crocs’ profits rocket
Crocs saw its net income jump by 54.7 percent to $18.1 million for the second quarter, largely due to efforts to cut expenses and avoid discounted sales.Revenues were down by 3.3 percent from the year-ago quarter to $313.2 million, or by 2.7 percent on a constant-currency basis. This was at ...
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Deckers rebounds
Deckers Brands reported a 20.3 percent increase in total sales to $209.7 million for the first quarter of its financial year through the end of June, due in part to a higher-than-expected jump of 74.2 percent to $30.7 million in the revenues of Hoka One One, thanks to good reorders ...
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Steve Madden posts strong results
Steve Madden posted another strong quarter, despite a challenging retail environment in the U.S. Revenues for the three months to June 30 jumped by 15.0 percent over the same quarter last year to $325.4 million, boosted by strong sales in the women's wholesale footwear division.Total wholesale revenues soared by 16.3 ...
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Payless ShoeSource emerges from bankruptcy procedure after restructuring
Payless ShoeSource has announced that it has successfully emerged from its Chapter 11 bankruptcy protection with “substantial liquidity” after eliminating around $435 million in debt. The company, which is based in Topeka, Kansas, filed for Chapter 11 bankruptcy protection in April. The filing covered its North American entities as well ...
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Birkenstock attacks Amazon in the U.S.
Birkenstock has launched a scathing attack on Amazon, accusing the company of “modern-day piracy” and an “assault on decency.” Amazon, according to Dave Kahan, the chief executive of Birkenstock USA, is trying to persuade authorized resellers to sell products to the online behemoth.At issue is a new inventory program from ...
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Alpargatas faces difficulties in Brazil
Alpargatas' global sales, which now stem mainly from its Havaianas brand of sandals and a license with Mizuno, fell by 15.1 percent to 859.6 million reais (€232.6m-$272.4m) in the second quarter, weighed down by a challenging retail market in Brazil, where the group's sales dropped by 21.9 percent to R$445.7 ...
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Grendene slows down in the second quarter
After a strong first quarter, Grendene's sales grew at a slower pace in the second quarter, gaining 7.4 percent over the year-ago quarter to 536 million Brazilian reais (€145.1m-$171.4m). Admitting that it benefited from an easy comparison base with the year-ago quarter, the Brazilian group said that it continues to ...
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Shoe production drops, sales rise at Yue Yuen
Despite a decline in production volume and average prices, Yue Yuen Industrial has raised its turnover by 3.9 percent to the equivalent of $4,448.2 million for first half of this year, supported by a slight increase in athletic shoe sales and the expansion of its Chinese retail business.Yue Yuen's footwear ...
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Pentland’s Ebit grows beyond 10%
The Pentland Group has reported a 21 percent increase in total revenues to £2.9 billion (€3.2bn-$3.8bn) in 2016, driven by the ongoing expansion of JD Sports Fashion, the U.K.-based retailer in which it has majority control.The group's operating profit jumped by 50 percent to £331 million (€370.4m-$432.5m), up from £220 million ...
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Rocky Brands follows an upward trend
After posting a strong first quarter that marked its return to profitability, Rocky Brands is staying on an upward trend, posting a net income of $1.5 million for the second quarter of the year, compared with a loss of $1.8 million for the year-ago period. The company said the profit ...
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VF Corp. will acquire Williamson-Dickie
VF Corp. has announced a definitive agreement to acquire Williamson-Dickie for $820 million in cash. A family-owned business, Williamson-Dickie designs and manufactures workwear apparel and footwear, which it sells under a number of brands including Dickies, Workrite and others. The acquisition is expected to be completed in the fourth quarter ...
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Clarks will resume production in the U.K.
Clarks will open a new production unit in the U.K., more than a decade after moving manufacturing abroad. The new facility, which is expected to be operational early next year, will be located at the company's headquarters in Street, Somerset, where Clarks began in 1825.The manufacturing unit will produce up ...
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New high-profile managers and directors at Clarks
Clarks has appointed new heads for its operations in Europe and the Asia-Pacific region, while revamping the board of directors. Jack Quinlan is joining the U.K.-based shoe brand as regional president for Asia-Pacific, while Ben Fletcher has been appointed managing director of the European region, starting in August.Quinlan comes from ...
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Zalando diversifies, works with ANWR
The largest German e-tailer and the largest German voluntary group of independent retailers are joining forces on an unprecedented project to deal with unsold merchandise. The ANWR Group, which has been making some other bold strides in the digital retailing landscape, will propose to its retail members the possibility to ...
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The HR Group sacks 130 in restructuring
The Hamm Reno Group (HR Group), one of the largest shoe wholesalers and retailers in Germany, is closing its logistics center at the company's headquarters in Osnabrück with the loss of approximately 130 jobs. The decision to close the 20,000-square-meter center and focus entirely on a larger one located at ...
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LK Bennett is in turnaround mode
Red ink had continued to mount in the annual accounts at LK Bennett before Darren Topp, the former head of BHS, took the helm last September and implemented a refocus of the business. Yet, while operating losses at the British luxury shoe retail chain rose to £4.5 million (€5.1m-$5.8m) in the ...
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Alpargatas changes ownership once more
J&F Investimentos has concluded a deal to sell its controlling stake of 85.7 percent in Alpargatas, the company behind the Havaianas brand of rubber shoes, to three Brazilian investment firms for 3.5 billion reais (€958.9m-$1,100.1m). They are Cambuhy Investimentos, Itaúsa Investimentos and Brasil Warrant. All three of them are controlled ...
