Latest Headlines – Page 176
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Sabu goes more digital
Sabu Shoe & Marketing, one of the major German voluntary groups for independent shoe retailers, have completed the acquisition of a 15 percent stake in the so-called European Clearing Center (ECC), a data clearing house for footwear products sold in the German-speaking countries.Sabu has acquired the stake from the founder ...
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The luxury goods industry is touching a low point
The recent slowdown in the growth of the Chinese economy has been affecting purchases of luxury products by Chinese shoppers in the mainland and abroad. The economic recession in Russia and Brazil has led to a decline in foreign shopping by their residents. The recent terrorist attacks in France and ...
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Luxury goods spending by Chinese and Russians down
Spending on luxury goods by Chinese shoppers abroad fell by 24 percent in March, according to Global Blue, the international sales tax refund organization. The figures were dragged down by a 35 percent drop on an annualized basis in Europe, where deadly terrorist attacks recently took place in Paris and ...
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LVMH’s fashion business slows down
LVMH's Fashion and Leathergoods segment, led by Louis Vuitton, continued its gradual slowdown. It posted stable revenues of €2,965 million in the first quarter of this year, after an increase of 3 percent in the second half of last year. It continued to perform less well than the other segments ...
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Gucci’s growth slows down, too
Like other luxury goods brands, Gucci's recently resumed growth slowed down to a rise of 3.1 percent on a comparable basis in the first quarter of this year. It was lower than the 5-6 percent range forecast by financial analysts and from the 4.8 percent sales increase scored in the ...
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Prada stops store expansion, reviews strategy
The Prada Group once again released disappointing results for fourth quarter, raising questions about the group's strategy in a changing marketplace. The company has been criticized for having a narrow product range and being late in developing e-commerce. It also engaged in an aggressive retail expansion when some of its ...
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Ferragamo’s CEO steps down
Salvatore Ferragamo announced that, after a decade at the helm, its chief executive officer Michele Norsa, 67, plans to step down by the end of the year to focus on his family and new professional interests. To ensure a smooth transition, he will remain at his post until a successor ...
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Base London and Cheaney win awards
Base London and Joseph Cheaney & Sons were the two British footwear companies that won this year the Queen's Awards for Excellence in International Trade, coinciding with the celebration of Queen Elizabeth's 90th birthday.Cheaney has been making its traditional Goodyear-welted shoes in the Northamptonshire district of England since 1886. Jonathan ...
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French shoe exports rise strongly
The French shoe market declined for the fourth year in a row last year. It fell by 0.5 percent to an estimated level of €8.8 billion after decreases of 0.8 percent in 2012, 1.4 percent in 2013 and 1.9 percent in 2014. The second and third quarters of 2015 were ...
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Groupe Royer reaches a high point
Groupe Royer, one of the largest brand owners and distributors in the French shoe sector, reveals that it has taken on the license for Hush Puppies for France and Switzerland from a subsidiary of Wolverine Worldwide, starting with the spring/summer 2015 season. It has committed itself to raising the number ...
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Buoyant quarter for Skechers ex U.S.
After another sharp rise in the first quarter, Skechers' international wholesale turnover has turned into the largest part of its wholesale business, driving another robust quarterly sales increase and a surge in profits for the American footwear brand.David Weinberg, Skechers' chief operating officer and chief financial officer, said in a ...
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Steve Madden working on a European deal
While outlining results for the first quarter that were in line with expectations, the U.S. company's management said that it is working on “a new sales structure in parts of Europe” and indicated that it may have something to say about them three months from now.As previously reported, Steve Madden ...
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Rocky Brands posts a quarterly loss
With sales dropping by 12.2 percent to $57.5 million, Rocky Brands posted a loss of $0.2 million in the first quarter of 2016 as compared to a net income of $1.4 million in the quarter a year ago.The American footwear and apparel company said the factors that affected its core ...
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Brazilian exports recover slowly
Brazil's shoe exports increased gradually from one month to the next in the first three months of 2016 but remained below the comparable levels of last year. From $69.3 million in January, Brazil's exports rose to $77.7 million in February and $79.8 million in March. They had already increased by ...
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Stella optimistic for 2016 despite volatility
For the first quarter of 2016, ended on March 31, Stella International recorded revenues of $280.3 million, down 5.9 percent as compared to the first quarter of the previous year. The drop was attributed to the slow start to the winter season in 2015.Manufacturing revenues fell by 6.5 percent to ...
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Shoes are counterfeited the most globally
Branded footwear saw the most counterfeits globally each year between 2011 and 2013, says a report published by the Organization for Economic Co-operation and Development (OECD) and the European Union Intellectual Property Office (EUIPO) on April 18.“Trade in Counterfeit and Pirated Goods: Mapping the Economic Impact” analyses almost half a ...
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Ziylan takes a share in Reno’s parent company
Ziylan, the biggest shoe retailer in Turkey, with interests in manufacturing and brands, has agreed to acquire an undisclosed minority stake in the Hamm-Reno Group (HR), the second-largest shoe retail company in Germany, along with a financial investor, Capiton, and individual managers. Capiton will have majority control of the group.Officials ...
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ANWR re-invites members to become shareholders of Mücke
Affiliated members of the ANWR Group have until April 22 to send non-binding declarations of intent for the purchase of shares in Schuh & Sport Mücke, a big German shoe and sporting goods retail chain that was acquired by ANWR in May 2014.The retailers affiliated with ANWR, the biggest German ...
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Alexis Nasard becomes CEO of Bata
The Bata group has a new chief executive, Alexis Nasard, 49, who comes from Heineken. He takes the place left by the departure of Jack Clemons last September. His appointment comes after a number of changes in the group's board of directors and its management team, which became effective last ...
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Vivobarefoot beats equity crowdfunding target
As of April 6, Vivobarefoot, the brand of minimalist shoes with patented ultra-thin soles controlled by Galahad Clark, had secured over £1.2 million (€1.5m-$1.7m) from 1,121 investors with just one day remaining to invest, far exceeding its previously set goal of £750,000 (€625,678-$711,383). The largest single investment so far stands ...
