Latest Headlines – Page 169
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Geox posts strong orders, but Q3 sales slow down
Geox registered a 9 percent increase in orders from wholesale clients for its spring/summer collection, but the company's third-quarter sales indicated a slowdown compared with the first half. With a turnover of €282.0 million, sales growth was limited to 2.5 percent in the third quarter, against a 5.5 percent increase ...
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The personal luxury goods market inches down
In 2016, the global market for personal luxury goods – which includes apparel, shoes and other accessories, jewelry, watches and cosmetics - will close at €249 billion, down by one percent at constant exchange rates as compared to 2015. China has re-emerged after three years of stagnation, but the decline ...
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Slight acceleration at some fashion groups
Kering's share price reached the highest level in 15 years after the group reported a 10.5 percent sales increase on a comparable basis for the third quarter ended Sept. 30, driven by a 17 percent jump for Gucci. Analysts had expected an increase of only 7 percent for the group.Gucci's ...
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Ferragamo’s Q3 sales pick up but outlook remains uncertain
Salvatore Ferragamo reported a 1.7 percent year-on-year increase in third-quarter sales to €303.8 million, reversing a 1.7 percent drop posted in the first half and resulting in nine-month revenues falling by only 0.7 percent to €1,014 million. But at constant currency rates, the sales decline accelerated with third-quarter revenues down ...
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Tod’s sales continue to be weak
Tod's saw a decline in third-quarter sales, with the downward trend accelerating in terms of comparable store sales, as the group continued to struggle with a slowdown in tourist flows and weak consumer spending.In the first nine month of the year, the Tod's group posted sales of €757.7 million, down ...
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Azzolari moves from Deckers to Tod’s
The Tod's group has recruited Sergio Azzolari to be the new general brand manager for Hogan. He will take the place of Riccardo Sciutto, who left the company in the spring to run Sergio Rossi after its recent change of ownership.Azzolari, 48, has been running the European operations of Deckers ...
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Logistic change hurts Deckers in Europe
Deckers Brands' - total revenues declined by 0.2 percent to $485.9 million in the second quarter of its financial year, ended Sept. 30. They were off by 0.3 percent in local currencies and lower than expected, mainly due to $6 million worth of orders being shipped late because of a ...
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Skechers posts another disappointing quarter
Skechers posted earnings for the third quarter that missed analysts' expectations, despite a new sales record. Net profits decreased by 2.2 percent from the year-ago quarter to $65.1 million, falling below analysts' forecasts. Profits were negatively impacted by foreign exchange losses of approximately $8.1 million. After Skechers reported its results, ...
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Wolverine loses sales but improves margins
Wolverine Worldwide's total revenues declined by 11.1 percent to $603.7 million in the quarter ended Sept. 12 as compared to a year ago. They fell by 8.6 percent on an underlying basis, i.e. excluding currency changes, the closure of single-brand stores – mostly under the Stride Rite children's brand - ...
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Weak U.S. wholesale market impacts VF
The weakness of the North American wholesale market affected sales at VF Corporation, the owner of the outdoor brand along with Vans, Timberland, The North Face and several other brands, leading to a small downgrade in the group's sales guidance for the full year.VF pointed to unstable market conditions in ...
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Madden raises margins on lower sales
Steve Madden said revenues for the three months to Sept. 30 dropped by 1.2 percent over the same quarter of last year, down to $408.4 million, in spite of strong growth for its core women's business and the Dolce Vita division. The management blamed a challenging retail environment that caused ...
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Crocs’ gross margin improves on weaker sales
Crocs posted revenues for the third quarter that were at the low end of the range it had predicted, going down by 10.3 percent over the year-ago quarter to $245.9 million, or by 11.6 percent on a constant-currency basis.However, the gross margin topped expectations, exceeding the guidance by approximately 2.0 ...
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Bogs’ sales down again, but Florsheim grows
Lower sales logged for its Bogs and Nunn Bush brands caused Weyco Group's revenues to dip by 13.0 percent in the third quarter to $79.1 million. This came after three consecutive quarters of weak results for this brand of boots, following many seasons of strong growth.The company blamed a particularly ...
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Rocky sees inventories normalizing
Rocky Brands reported sales of $73.2 million for the third quarter, which represent a 4.6 percent increase versus the comparable period last year. The company said that inventory levels, which had grown due to last year's warm winter, began to normalize in the third quarter, with orders finally picking up. ...
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Shoe Zone was not affected by Brexit
Shoe Zone said trading in the second half of its financial year was good, in line with expectations and without any major impact from the results of the referendum on Brexit. The British discount-oriented footwear retailer, whose fiscal year ended Oct. 1, said it traded well through the crucial back-to-school ...
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Comfort falls behind fashion in the casual shoe market
Like in 2014, the fashion-oriented segment of the branded casual footwear market performed better than the comfort-oriented segment in 2015. With an overall estimated 8.2 percent increase in terms of U.S. dollars to $11.5 billion, the fashion casual market performed in some ways even better than the branded athletic footwear ...
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Turmoil in the sneaker market
Sneakers are very much in fashion all over the world right now. They are increasingly worn by young girls as streetwear in lieu of Ugg-type booties and high-heeled shoes, as indicated by a recent Mintel report on the British shoe market summarized in the News Briefs of this issue. In ...
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Vivarte may shrink further
The disposal of the Merkal chain of shoe shops in Spain and the sale or closure of about 100 underperforming discount-oriented shoe stores trading in France as La Halle aux Chaussures are among the measures proposed to the executive board of Vivarte on Sept. 21 as part of a five-year ...
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Clarks appoints a new chief executive
C.&J. Clark's board of directors has selected a highly experienced executive with strong skills in brand and retail management, Mike Shearwood, to be its new chief executive. Starting immediately, he takes the place left vacant by the departure of Melanie Potter a year ago. Tom O'Neill, chairman of the group, ...
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Micam wins a round against GDS
After a series of consultations with an expanded advisory board made up of representatives of shoe brands and retailers, Messe Düsseldorf announced that the summer edition of the GDS shoe show will be moved next year from the end of July to the beginning of September. It made the announcement ...
