Latest Headlines – Page 179
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Portuguese shoe exports rise by 1%
Portugal's shoe exports grew by about one percent to €1,850 million in 2015, says Apiccaps, the country's shoe industry association, after recalculating some dubious figures. It noted that it was a particular difficult year, marked by declines in France, which is the biggest market for Portuguese shoes, as well as ...
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Havaianas helps Alpargatas to book higher sales and profits
Alpargatas reported an 11.6 percent increase in net revenues from continuing operations to 1,131.7 million reais (€276.9m-$307.6m) for the fourth quarter ended Dec. 31. Topper and Rainha, two loss-making sports brands being sold by the group, are not included in the figures for Brazil, where the group's sales fell by ...
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Brazil slowdown hits Grendene’s results
Grendene posted gross revenues that were down by 10.0 percent in the last quarter of 2015 against the same period in 2014. Total gross revenues for the parent company of Ipanema, Melissa, Rider and Grendha decreased by 18.8 percent to R$530.6 million (€125.7m-$136.4m) in Brazil, but gained 14.6 percent to ...
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Macintosh shrinks further
The Dutch-based Macintosh Retail Group, which became insolvent in December, has sold its Brantano chain of family shoe stores in Belgium and Luxembourg as well as 20 Dolcis shoe shops, 35 Manfield stores and its lower-priced Scapino shoe retail chain in the Netherlands. Meanwhile, the less profitable Brantano chain in ...
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ANWR grows by 3.7%
The ANWR Group booked a 3.7 percent increase in its total “business volume” last year to €8.5 billion. The German-based cooperative retailing group achieved this performance in spite of a drop of 1.7 percent to €1.65 billion in the combined centralized settlements of its shoe-related buying groups: ANWR Schuh, Garant, ...
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ANWR’s online platform moves to a higher stage
ANWR Schuh is replicating its successful partnership with Skechers and Geox on its schuhe.de online portal by working with the Dutch shoe brand Bullboxer. Starting on April 20, ANWR and Bullboxer will launch a TV campaign to market four different models of Bullboxer shoes that customers can also buy at ...
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Vivarte sheds its shoe factory, which goes upmarket and digital
After announcing the shutdown of almost 300 loss-making shoe and fashion stores, the French parent company of André, Minelli and many other retail chains said it is looking for new investors to acquire its shoe manufacturing subsidiary, Compagnie Vosgienne de la Chaussure (CVC). The operation, which represents only about one ...
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Good growth for Zalando
Zalando finished the last year strongly, booking a 30 percent sales increase to between €865 and €872 million, according to preliminary figures in the fourth quarter of the year, lifted by lifestyle products. Adjusted operating earnings (Ebit) reached a level of between €61 and €78 million for the period, or ...
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Yoox Net-a-Porter reorganizes after its merger
Yoox Net-a-Porter Group, the entity created following the merger of Yoox and Net-a-Porter, has reported a sales growth of nearly 31 percent over the course of 2015. The merger was effective Oct. 5, 2015. Sales were boosted by the increasing use by consumers of mobile phones and tablets for shopping. ...
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Clarks streamlines operations
Clarks says it is in discussions for the elimination of 170 job at its operations across the world. The company has reportedly already laid off about 50 members of the staff at its head office and warehouse in Somerset. It will provide them with a full package of support, including ...
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European court judges anti-dumping regulations invalid for some imports
The European Court of Justice (ECJ) has issued a much-awaited judgment in a case led by Puma and Clarks, in which regulations imposing anti-dumping duties on imports of certain footwear from China and Vietnam from April 2006 until March 2011 were declared invalid.The ruling was issued upon a request from ...
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Wolverine changes its brand structure again
Wolverine Worldwide announced the resignation of Jim Gabel, president of its Performance Group, saying that he is relocating back to Canada for personal reasons. He had joined Wolverine two years ago after running Adidas Canada.With his departure, Wolverine is again reshuffling its brand management structure, creating a new operating group, ...
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Deckers restructures after poor results
Besides Wolverine Worldwide, which will announce its financial results later this month, another big American multi-brand conglomerate, Deckers Brands, is changing its brand management structure, too. It is creating two new business units: the Fashion Lifestyle Group with Ugg and the recently acquired Koolaburra brand, and the Performance Lifestyle group ...
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The luxury goods sector is under pressure
The big slowdown in the Chinese economy and that of the other major emerging countries, with the exception of India, has probably caused the luxury goods sector to record an overall sales increase of only one to two percent in 2015, according to Bain & Co.While sales of watches declined ...
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Luxury footwear brands like Instagram
Looking at the various social networks that luxury goods companies and their consumers use nowadays on a daily basis, Instagram seems to be preferred for communicating about the brands' values and heritage. This is what has emerged from a recent research by FiloBlu, specializing in omnichannel retailing, and its international ...
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Hermès predicts slower growth
Hermès International reported a strong sales increase of 17.5 percent to €4.84 billion in 2015. In local currencies, the company's growth was limited to 8.1 percent for the year, performing better than the overall luxury goods industry. However, the company's organic growth slowed down to 7.2 percent in the fourth ...
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Softening growth for LVMH’s fashion segment
The growth of the Fashion & Leathergoods segment of LVMH softened to 11 percent in euros and 3 percent in local currencies during the second half of 2015. In the full financial and calendar year, its sales went up by 14 percent to €12.37 billion. On an organic basis, excluding ...
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Ferragamo’s Q4 sales beat expectations
Salvatore Ferragamo booked sales of €409.0 million in the fourth quarter of 2015, up by 9.0 percent in euros and by 2.1 percent in local currencies, against financial analysts' expectations of a turnover of €391.0 million. In the full year, the top line reached €1,430 million, up by 7.4 percent ...
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Tod’s beats market expectations
Sales rose by 11.4 percent to €250.1 million for the Tod's group in the fourth quarter of 2015, outpacing the top-line performance of the first nine months of the year as well as beating investors' expectations by about €15 million. The quarterly sales pushed up full-year revenues by 7.4 percent ...
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Jimmy Choo posts record revenues, driven by Asia
Jimmy Choo posted record revenues of £318 million (€404.7m-$459.8m) in the year to Dec. 31, representing a 7 percent increase over the previous year, driven by consistent growth in Asia. Shoes accounted for 75 percent of sales. Men's shoes, which accounts for 7 percent of the revenues, were the fastest ...
