Latest Headlines – Page 164
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Wolverine performs better than expected
Reaching the upper end of its projections, Wolverine Worldwide reported a decline of 2.9 percent to $729.6 million in its total turnover during its fourth financial quarter, ended Dec. 31, with a high single-digit increase outside the U.S. more than offset by a low single-digit decline in its domestic market, ...
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Superga grows in various markets
The parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands has announced its preliminary results for 2016. Aggregated revenues by the group's global licensee network were up by 1.3 percent to €740 million. The group's operating result (Ebit) was down to €15.2 million, as compared to €25.7 ...
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Ferragamo should get help from China and e-commerce
Salvatore Ferragamo booked a 13.7 percent increase in full-year net profits to €198.4 million after minority interests, as a tax break offset a decline in operating profits. At the end of December, the company reached an agreement with the Italian tax authorities allowing it to take advantage of a favorable ...
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Tod’s sees higher sales and margins in 2017 after a tough year
Tod's is comfortable with current financial analysts' forecasts, which on average indicate that its sales will be rising by 3.6 percent to €1,040 million from €1,004 million last year. Analysts also expect gross operating profits, or Ebitda, growing to €193 million, lifting the Ebitda margin to 18.6 percent.In 2016, the ...
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Prada’s sales slump, but there are signs of recovery
The Italian fashion group reported a 10 percent drop in its sales in the full year ended Jan. 31, down to a total of €3,184 million. At constant currency rates, the top line fell by 9 percent, in line with market expectations.The Prada Group's sales in the Asia-Pacific region were ...
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Men’s & the weak pound boost revenues at Jimmy Choo
Jimmy Choo reported strong growth for the full year 2016, driven by China, the weak pound and its new men's lines. Revenues were up by 14.5 percent to 364 million pounds (€419.7m-$444.6m), or by 1.6 percent on a constant-currency basis.Shoes represented 75.0 percent of revenue, driven by the launch of ...
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New European licensee for Creative Recreation
Rocky Brands has appointed a European licensee for Creative Recreation, a brand of versatile sneakers that belongs in its portfolio. The licensee is 2Squared Brandhouse, an agency in Manchester that has also been representing a dozen other sports and fashion brands at the national level such as Björn Borg, Champion, ...
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Rocky Brands posts a loss but sales are up
Rocky Brands is showing signs of recovery after a difficult 2016, posting revenues that increased by 2.6 percent to $67 million in the fourth quarter. However, the American footwear and apparel company reported a loss of $634,000, after posting a net income of $1.4 million in the same period a ...
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Steve Madden increases margins on falling revenues
Steve Madden saw revenues for the three months ended Dec. 31, 2016 drop by 2.3 percent over the same quarter last year to $336.4 million, due to softness in its private label footwear and cold-weather accessories. However, the American company managed to increase profits and margins.In the retail division, sales ...
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Weyco suffers from a tough U.S. retail environment
Lower traffic at its clients' physical stores adversely affected the U.S. wholesale business of Weyco Group under all its brands throughout last year. In the final quarter, the group's North American wholesale segment saw its revenues go down by 8.7 percent to $61.6 million, with decreases of 7.0 percent for ...
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Caleres improves sales and margins
Caleres posted strong results for the quarter ended Jan. 28, 2017, with improvements in revenues and the gross margin, aside from an 80.6 percent drop in the profitability of its main shoe retail chain, Famous Footwear. However, the American company, previously called Brown Shoe Co., delivered a cautious near-term outlook ...
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Schuh helps Genesco to top its profit forecast
Genesco, the owner of Journeys, Schuh and Lids, reported profits for the fourth quarter ended Jan. 30, 2017 that topped its own guidance, although they were down by 8.7 percent over the year-ago quarter to $41.8 million. The better-than-expected net income sent the group's shares up by 4.6 percent after ...
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DSW confirms its return to profit growth
DSW reported on yet another strong quarter, after returning to year-on-year earnings growth last autumn, following four consecutive quarters of declines. Its net income was up by 160.7 percent to $30.5 million in the quarter to Jan. 28, 2017, and the U.S. footwear retailer attributed this to effective expense management ...
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Brazil boosts Alpargatas' profits
Strong sales of sandals in Brazil helped Alpargatas grow profits by 106.4 percent to 102.6 million reals (€30.9m-$33.1m) for the fourth quarter of 2016. It achieved this high level of profitability in spite of a 4.1 percent drop in global revenues to R$1,065.9 million (€320.6m-$343.5m) during the quarter, weighed down ...
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Grendene’s profit rises despite lower volumes
Grendene reported a net profit of 634.5 million Brazilian reais (€196.1m-$207.1m) in 2016, which represents a growth of 5.2 percent over the previous year. In the fourth quarter of the year, it advanced by 2.8 percent to R$247 million (€76.3m-$80.6m). The increases took place despite lower deliveries in both the ...
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New look, new high-end brands for theMicam
Five big luxury brands – Gucci, Fendi, Salvatore Ferragamo and Tod's – have agreed to exhibit at theMicam, the world's largest shoe show, for the first time in a long time, if ever before. It's not sure what they will present, but they will have a space in a new ...
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The GDS leaves the place to Gallery Shoes
As we have reported in our last issue, there will be no longer a GDS fair in Düsseldorf. Igedo Company, which has taken over the management of the traditional German shoe show, has renamed it as Gallery Shoes and set new, later dates for the fair to turn it more ...
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More shoe brands show in Berlin
There were more than 200,000 visitors at the rising number of fashion-related trade shows that took place during the Berlin Fashion Week from Jan. 17 to 19, or 11 percent more than a year ago. Those that featured shoe brands were Bright, Seek, Premium and Panorama.More than 50,000 people visited ...
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Flat market conditions in Germany, aside from sneakers
The German shoe industry recorded a 6.7 percent increase in revenues to €2.8 billion in 2016, according to its trade association, HDS/L. The increase was driven by the domestic market, where the industry's sales rose by 8.3 percent to €2.2 billion, but HDS/L's officials said that this was mainly due ...
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Vivarte plans to sell André and Merkal
Confirming previous reports, the new management of Vivarte, the largest French group of shoe and apparel retail chains, announced a few days ago that it intends to sell two of its chains of shoe shops, André in France and Merkal in Spain, in addition to the Pataugas brand of footwear ...
