Latest Headlines – Page 177
-
Article
Simple Shoes is poised to come back after crowdfunding
Last fall, Simple Shoes turned to Kickstarter, a New York-based crowdfunding platform, to raise capital for a relaunch after a four-year hiatus. During the month-long funding period, ended July 15, the campaign successfully attracted 1,366 backers who pledged a total of $121,508, almost five times the brand's initial $25,000 goal.Backers ...
-
Article
Ferragamo boosts profits
Salvatore Ferragamo further improved its profitability in 2015 in spite of a loss from foreign exchange hedging, which knocked €51 million off its top line. The group's hedging position is expected to continue impacting results negatively by €6-7 million in the first quarter of 2016 but should end up close ...
-
Article
Jimmy Choo swings to profits, growing the most in Asia
Jimmy Choo announced preliminary results for its fiscal year, ended Dec. 31, posting consolidated net income of £19.4 million (€24.3m-$27.7m) as compared to a consolidated net loss of £10.8 million (€13.6m-$15.4m) the year before.The company's strategy of concentrating on Asia has paid off with the region continuing to see the ...
-
Article
CTC expands, strikes a deal with an Italian lab
The Lyon-based Centre Technique du Cuir (CTC), which claims to be the world's biggest testing and quality control institute specializing in the leather sector, has expanded its premises and signed an interesting collaboration agreement with Polo Tecnologico Conciario (PO.TE.CO), a similar specialized institute based at Santa Croce sull'Arno, in the ...
-
Article
Euromonitor traces global consumption trends
The footwear market in the Middle East and Africa is offering strong opportunities for growth, according to Euromonitor International, which made an interesting presentation of recent of future global trends at the Expo Riva Schuh fair at Riva del Garda, Italy in January.The speaker, Bernadette Kissane, noted in particular that ...
-
Article
Higher prices help Italian and Spanish exporters
Spanish shoemakers are gaining ground against the Italian industry in the rest of Europe, but they are losing market share in the rest of the world. For Spanish shoe companies, the European Union came to represent 64.8 percent of their total export revenues last year, up from 63.4 percent in ...
-
Article
Italian shoemakers expect some stability
Italian shoemakers are generally expecting stable business conditions for the first half of 2016, according to a survey made by their trade association, Assocalzaturifici. Orders collected in the last quarter of 2015 were up by about 0.5 percent in volume overall as compared to the same period of 2014, with ...
-
Article
Italy’s fashion industry grew less than expected in 2015
Camera Nazionale della Moda Italiana, a major fashion industry association in Italy, has downgraded its estimate for the growth of the national sector in 2015, estimating that it did not exceed 1.5 percent compared with 2014. For the first six months of 2016, however, the institute's outlook calls for a ...
-
Article
NeroGiardini boosts its European sales network
BAG, the Italian footwear company that owns the NeroGiardini brand, says it increased its sales last year by 2.5 percent to €209 million, but the company is building up a European distribution network in order to fulfill a long-standing plan to double its turnover. It now wants to accomplish this ...
-
Article
Vulcabras improves, downsizes in Argentina
Vulcabras, the Brazilian parent company of the Olympikus brand of sports shoes, reported a further improvement in its financial results during the past year in spite of the economic recession in its country and the loss of a distribution contract for Reebok in four South American countries, with effect from ...
-
Article
While producing less in China, Yue Yuen posts higher profits
The world's largest shoe manufacturer said its gross margin increased last year by 1.3 percentage points to 23.4 percent as rising labor costs were more than offset by a drop in raw material costs and improved efficiencies. This helped Yue Yuen Industrial Holdings to report a 17.9 percent increase in ...
-
Article
Phoenix posts weak Q4 and full-year results
Phoenix Footwear Group, the parent of Trotters and SoftWalk, reported a 9.7 percent sales decline in the fourth quarter, ended Jan. 2, with revenues down to $5.1 million. Net sales for fiscal 2015 decreased by 1.5 percent to $21.7 million from $22.0 million the year before.Phoenix blamed the fall in ...
-
Article
Nike’s self-lacing shoe has a sophisticated French challenger
As we have already reported in the European edition of Sporting Goods Intelligence, the publication that covers the athletic footwear sector, Nike unveiled a few days ago a futuristic automatic lacing system for its shoes.We pointed out that some other automatic lacing systems have already been invented. One was patented ...
-
Article
The Hickies’ lacing solution makes big strides
There have been ways to do without laces in sports shoes. Puma, which launched its revolutionary Disc technology 25 years ago, is resurrecting it now with a sleeker and lighter model of running shoes, using a more flexible steel cable to better adapt to the foot.Lotto Sport Italia has been ...
-
Article
Zalando exceeds targets, sets new goals
Zalando claims to have reached a market share of 5 percent in the German shoe retail market, indicating that last year it had a domestic turnover of around €600 million in this product segment, after only eight years in the market. Zalando describes footwear as its most mature category in ...
-
Article
Deichmann’s same-store sales grow by 1%
Breaking the symbolic €5 billion barrier, the Deichmann group raised its global gross revenues in 2015 by 8.3 percent to €5.3 billion. Net revenues increased to €4.6 billion, and they were up by 3.1 percent on a currency-neutral basis and by one percent on a comparable store basis. The group ...
-
Article
CCC wants to be a leader in the online space
After three years of considerable expansion with physical stores beyond its national borders, with the total floorspace rising by 124 percent to over 205,000 square meters, the Polish-based CCC Group says it is now aiming to become the leader in online shoe retailing in Central Europe in the next three ...
-
Article
Leder & Schuh is concentrating further
Leder & Schuh is further reorganizing its operations in Austria, where it is now concentrating on the Humanic and Shoe4You banners. As previously reported, in Germany it is concentrating on the development of Humanic chain following an agreement to sell 54 Shoe4You and Jello stores in that country to Kienast ...
-
Article
New CEO for Vivarte
The big French retail conglomerate, which covers about 20 percent of the French shoe market through chains like André, La Halle aux Chaussures, Minelli and San Marina, is changing its head for the third time in four years. The investment groups and other shareholders that refinanced the company two years ...
-
Article
Yoox Net-a-Porter’s growth beats expectations
Yoox Net-a-Porter (YNAP) posted revenues of €1.7 billion for 2015, which represented a 30.9 percent increase, or 20.8 percent at constant exchange rates, compared with 2014. The positive performance was driven by strong growth across all business lines. The Asia-Pacific was the fastest-growing region with an increase of 23 percent ...
