Latest Headlines – Page 172
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Weak quarter for Timberland affects VF sales guidance
The outdoor and action sports business at VF Corp brought in mixed results for the second quarter ended July 2, combining sales increases for The North Face and Vans, and a decline for Timberland, caused by the Americas and Asia-Pacific.The group said it was broadly on track but the Timberland ...
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Leadership changes at Timberland, Smartwool and Vans
VF Corp. has announced several executive changes at some of its outdoor brands. At Timberland, Jim Pisani has been named the brand's new global president, effective Aug. 8. He replaces Stewart Whitney, who left the company in July after less than two years on the job. Since 2008, Pisani has ...
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Rocky invests in lifestyles and military
After posting dismal results for the second quarter, Rocky Brands announced that it will reduce its U.S. workforce. It will also redeploy more capital to support its lifestyle brands and to further expand its production facilities in Puerto Rico, partly to take advantage of a triple-digit increase in military footwear ...
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Boom for Alpargatas’ rubber sandals in Brazil
Strong sales under the Havaianas brand in Brazil helped Alpargatas to raise its total revenues by 8.4 percent to 1,010 million reals (€281.0m-$316.9m) for the quarter ended June 30. Domestic sales were up by 18.5 percent over the year-ago quarter to R$570.5 million (€158.9m-$179.0m), despite a backdrop of low consumption ...
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Grendene grows by 8% thanks to domestic boost
Grendene posted gross revenues for the second quarter of the year that were up by 8.1 percent over the year-ago quarter to 462 million Brazilian reais (€130.0m-$144.8m). The Brazilian group attributed this performance to the fact that the economic situation in Brazil is showing signs of improvement, with gross revenues ...
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Yue Yuen improves margins
Revenues were up barely by 0.8 percent at $2.28 billion for Yue Yuen Industrial in the first half ended June 30. Excluding extraordinary items, the operating profit rose by 11.9 percent to $233.7 million and net earnings grew by 18.3 percent to $2,248.7 million. Comprehensive net income increased by 10 ...
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Vivarte will shrink further
The new management headed up by Stéphane Maquaire is reportedly going to propose to Vivarte's shareholders tomorrow a new business plan for the next five years that may involve the shutdown of about 100 out of the 680 discount-oriented shoe stores of its Halle aux Chaussures chain.The idea would be ...
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New timelines for product launches affect trade shows
The 86th edition of Expo Riva Schuh, the international shoe show that focuses on the mass market, recorded a total of 11,025 visitors last month, slightly below the level of 11,366 visitors reached a year ago. The number of exhibitors reached a new record of 1,438 companies, up from 1,389, ...
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A slimmer GDS starts tomorrow
The summer edition of the GDS shoe show will run in Düsseldorf from tomorrow for three days with a total of 740 brands, down from 800 a year ago. Tag it!, the simultaneous private label show, will have 170 exhibitors. With its Studio, Highstreet and Pop Up areas, the GDS ...
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Footwear industry get-together at the Berlin Fashion Week
The Berlin Fashion Week, which took place on June 28-30, was once again a successful platform for retailers and suppliers of apparel and accessories to meet and discover the new spring/summer 2017 collections.The Premium trade show hosted a total of almost 1,000 brands with 1,800 collections on a surface of ...
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The sneaker trend fosters the German shoe retail market's consolidation
According to a study by the Institute for Trade Research (IFH ) in Cologne together with the BBE, the German consultancy for the retail industry, athletic footwear and lifestyle shoes is currently the best-selling segment of the shoe industry. The German shoe market increased by only 0.9 percent to €9.6 ...
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Deichmann gains ground in a competitive Austrian market
According to a survey made by RegioData Research, the market research company based in Vienna and Munich, and published in Textilwirtschaft, the Austrian shoe retail market has an annual turnover of €1.5 per year. Shoe retailers record annual sales of €1.2 billion, while the rest is generated by fashion retailers, ...
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Skechers shares tumble as domestic performance disappoints
Skechers' earnings declined by 7.1 percent to $74.1 million in the second quarter ended June 30, missing Wall Street expectations. After the market close on Thursday July 21, the company's share price plunged by 15.3 percent.Revenues showed a lower-than-expected gain of 9.7 percent over the same quarter last year, rising ...
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New top management for Josef Seibel
Sylvia Klemens and Uwe Decker will be the new joint chief executives of Josef Seibel and its Romika Shoes subsidiary. Together, they will manage the sales, marketing and product development division for all the brands belonging to the Josef Seibel group. Klemens worked previously for Peter Kaiser and Waldläufer, where ...
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Baldinini’s change of control will be difficult
The liquidators of Antichi Pellettieri have put up for sale its biggest asset - the 60 percent stake that the Italian company holds in Baldinini – to help reimburse its creditors. With a couple of leathergoods brands also in its portfolio and debts of more than €86 million, Antichi Pellettieri went ...
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Global luxury market to exceed €310 billion in 2025
The global luxury market, which is already expected to increase by 2 percent at the most in 2016, should grow from €250 billion in 2015 to a level of €310 billion to 340 billion in ten years' time, according to a recent study by Bain & Company. The study was ...
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Tod’s posts new, disappointing figures
Non-European visitors spent 16.8 percent less than a year ago in Europe during the month of June, according to a study by Global Blue and Barclays, following a trend already spotted in previous months. The monthly score included declines in tax-free shopping of 17.6 percent in France, 18.2 percent in ...
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Hermès shows resilience, except in fashion
In contrast with other luxury goods companies and brands, Hermès International reported a better-than-expected increase of 8.1 percent in local currencies in its turnover during the second quarter ended June 30. In terms of euros, sales rose by 8.9 percent to €1.25 billion.The growth was driven by the leathergoods and ...
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In-house shoe production has benefits
Keen Footwear, which remains very committed to sustainability, is focused on boosting its in-house shoe manufacturing and assembly capacity from around 5 percent to 40 percent of its annual volume, which currently stands above seven million pairs per year. The balance will continue to be made by subcontractors in the ...
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CCC criticizes working conditions in European shoe factories
In the recently launched “Labour on a Shoestring” report, the Polish-based CCC Group denounced working conditions in European shoe factories. In the framework of the “Change your shoes” initiative, which was recently launched by the CCC Group, the report is accompanied by an assessment of 28 shoe suppliers, which revealed ...
