Latest Headlines – Page 170
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Mixed data from Italy
Italian shoe exports declined by 0.7 percent in volume to 92.5 million pairs during the first five months of this year, according to the latest statistics put out by the Italian shoe industry association, Assocalzaturifici, but went up by 4.1 percent in value, reaching a record level of €3.6 billion ...
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Spanish exports decline
After a strong year in which they went up by 16.8 percent, Spain's footwear exports declined by 5.7 percent to €1.39 billion in the first half of 2016, according to the latest figures from the Spanish shoe industry association, Fice. They grew in value by 1.5 percent, however, indicating a ...
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Better figures from Portugal
A quarterly survey conducted by the Portuguese shoemakers' association, Apiccaps, shows an overall positive development in production during the second quarter of 2016, after the declines registered in the previous three quarters. Also, 28 percent of members surveyed reported an increase in orders from foreign clients, compared with 13 ...
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Deichmann buys Buffalo
Embracing a new business model, Deichmann on Sept. 29 signed an agreement to buy Buffalo, an iconic German brand of women's shoes, provided the deal gets the blessing of the country's anti-trust authorities.Declining to provide information about the brand's turnover or the terms of the acquisition, a spokesman for ...
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Hi-Tec’s owner buys Duca del Cosma
Frank van Wezel, the founder and owner of Hi-Tec Sports, has purchased and relaunched Duca del Cosma, the formerly German-based golf footwear brand that filed for bankruptcy last year. He has appointed a team to lead the brand from an office with warehouse near Amsterdam, and has started distribution again.Duca ...
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CCC opens on Mariahilfer Strasse
The rapidly rising shoe retailer from Poland has just opened its largest European store on the famous Mariahilfer Strasse of Vienna, close to the flagship stores of Humanic and other major shoe retailers, with an investment of more than one million euros. For CCC, which has been opening mainly in ...
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Pentland adds strategic and division heads
Pentland Brands has expanded its management team with two divisional heads and one strategic director, in order to more efficiently coordinate the growing brand portfolio and fill gaps in interesting categories.Chirag Patel, former global vice president of product and marketing at Lacoste Footwear, has been appointed director of global strategy, ...
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Vulcabras turns around
The Brazilian parent company of Azaleia, Dijean, Opanka and Olympîkus continued to make progress in the second quarter in terms of sales and margins. Its revenues grew by 9.9 percent to 314.0 million reals (€86.8m-$97.4m) during the period, in spite of stagnating consumption in Brazil, while operating and net earnings nearly ...
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Inditex’ results boosted by online expansion
Inditex' sales and earnings soared in the first half of the year as the firm opened new stores and expanded its online business. The parent company of Pull & Bear, Zara, Bershka and Massimo Dutti posted revenues for the six months to July 31 that were up by 11.0 ...
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Esprit turns around
Esprit recorded a net profit of 21 million Hong Kong dollars (€2.4m-$2.7m) in the financial year ended June 30, 2016, recovering from the net loss of HKD 3,696 million that the company had suffered in the prior year. The international fashion company, which plays an important role in the footwear ...
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Tod’s Q2 sales, margins decline sharply
Second-quarter sales and margins dropped sharply at Tod's despite a positive contribution from foreign exchange rates and new store openings. Financial analysts trimmed their expectations for the full year and now see sales dropping by more than one percent to about €1,020 million for the year. They also anticipate the ...
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Vibram progresses on several fronts
Intellectual property protection is one of those fronts. Working together with Mark Monitor, the Italian company says it has led to the shutdown of 198 websites that were selling counterfeit models of its Vibram FiveFingers shoes or shoes with fake Vibram soles. Action is pending against more than 150 other ...
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Timberland issues an update on its CSR efforts
Timberland recently released an update about its corporate social responsibility (CSR) actions. In the second quarter of this year, 95.5 percent of the leather used by the brand was produced by tanneries with a silver or gold rating. In the same period, 44 percent of the cotton used in its ...
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Global shoe production sligthtly down
Shoe production fell by 0.4 percent to 23.0 billion pairs in 2015, according to the World Footwear Yearbook. It was the first decline since 2009, when it was affected by the financial crisis. The Yearbook is compiled annually by the Portuguese shoe industry association, Apiccaps, in partnership with the GDS.Much ...
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Will the EU sign an FTA with the U.S.?
Top government officials in Germany and France raised doubts for the first time this week that the European Union will be in a position to sign a free trade agreement (FTA) with the U.S. before the end of this year. As the U.S. is the biggest importer of footwear, representatives ...
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Shoes grow more than apparel in the U.K. and elsewhere
Mintel Group, the British market research company, estimates that the British shoe market will record a 5.4 percent increase in sales to £10.5 billion (€12.5bn-$13.9bn) at the end of this year, as compared to 2015. In contrast, the apparel segment of the British fashion industry will only increase by about ...
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A mixed picture in Germany
The German shoe industry raised its turnover by 7.1 percent to €994 million in the first four months of this year according to the German shoe industry federation, HDS/L. It grew by 8.5 percent to €765 million on the domestic market and by 2.8 percent to €229 million in the ...
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ANWR books a 2.4% drop in H1
The ANWR Group booked a 2.4 percent decrease to €454.4 million in the combined centralized settlements of its shoe-related buying groups - ANWR Schuh, Garant, Rexor and Quick Schuh - in the first six months of this year, as compared to the same period of 2015. The affiliated retail members' ...
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Sabu records stable sales and expands own trade show concept
Sabu Schuh & Marketing, one of the major German voluntary groups for independent shoe retailers, announced that its centralized settlements declined by 0.6 percent to €181.7 million in the first half of 2016, as compared to the first half of last year. Affiliated retailers suffered an average decline of 1.6 ...
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Zalando grows strongly, launches new initiatives
Zalando's sales continued to grow rapidly in the second quarter, rising by 25 percent over the year-ago period and reaching an adjusted operating margin (Ebit) of 8.8 percent on sales of €916 million, more than double the 4.1 percent margin reached a year earlier. The number of active customers rose ...
