Latest Headlines – Page 182
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The Berkemann Group will consolidate Marc
The Berkemann Group, which took over Marc Shoes four years ago, has decided to integrate the German brand more closely into its corporate structure to cut costs and develop synergies in back-office functions such as product development, purchasing, human relations, finance and IT with its two main brands of comfort ...
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Baldinini invests in the U.S. and China
Baldinini, which recently won an Italian contest for brand equity, is trying to reduce its overexposure to the difficult Russian market, which still generated about €90 million out of its total sales of nearly €120 million in 2014.It is now taking all the necessary steps to open its first seven ...
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New trends in the Russian market
We all know that the footwear market in Russia is going through hard times, but some are doing better than others, including some local manufacturers. Overall imports of finished shoes fell by about 20 percent during the first half of 2015 as compared to the same period in 2014, due ...
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Zeis Excelsa focuses on its house brands and the internet
Zeis Excelsa has dropped all its licensing agreements to concentrate on the development of its own footwear brands - Docksteps, Cult and Virtus Palestre - and its participation in the international development of Dirk Bikkembergs, a brand whose ownership has fallen under the control of its Chinese distributor.The Italian company ...
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New digital platform by Assocalzaturifici
The powerful Italian shoe industry association is investing in digital technologies and recommending to its members the use of e-commerce, blogs and social network to tell the story of their products to consumers all over the world and to boost their international sales.“The Digital Artisan” was the theme chosen by ...
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Wolverine Worldwide announces executive appointments
Wolverine Worldwide has announced the appointment of Richie Woodworth as president of the company's Lifestyle Group, which includes the Keds, Hush Puppies, Sperry and Stride Rite brands, effective Jan. 3, 2016. Additionally, the company has appointed Scott Sincerbeaux as president of consumer-direct operations. Also, Tom Kennedy has been appointed as ...
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Nordstrom invests in Shoes of Prey
Nordstrom has participated in a $15.5 million round of investment raised by Shoes of Prey, an Australian start-up that pioneered on-demand customizable fashion footwear. The Aussie start-up has raised $24.6 million so far, with other investors including BlueSky Venture Capital, which has led the latest funding round, as well as ...
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Caleres reports higher profits
Caleres, the parent of Famous Footwear and various footwear brands previously called Brown Shoe Co., reported a net profit of $34.0 million for the third quarter, including $1.2 million of after-tax expenses related to the company's debt extinguishment in the second quarter. Excluding this expense, net earnings were $35.2 million, ...
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Genesco posts higher sales and earnings but lowers guidance
Genesco reported earnings from continuing operations of $32.9 million for the third quarter ended Oct. 31, up from $28.8 million for the same quarter a year ago. The American retailer's adjusted earnings of $32.2 million were up from $30.3 million in the year-ago period. The group's quarterly sales increased by ...
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DSW posts lower earnings, in line with revised guidance
DSW reported net income from continuing operations of $39.3 million for the third quarter ended Oct. 31, down by 20.7 percent but in line with its most recent projections. Sales decreased by 0.6 percent to $666 million while same-store sales dropped by 3.9 percent. The disappointing performance was attributed to ...
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Shoe Carnival reports lower profits
Shoe Carnival reported sales of $269.7 million for the third quarter ended Oct. 31, up from $254.7 million in the third quarter of fiscal 2014. On a same-store basis, they rose by 6 percent, representing the fifth consecutive quarter ly progress for the American shoe retail chain. The positive sales ...
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Birkenstock stops taking orders
Birkenstock has become a victim of its own success. After growing by about 60 percent in the last 18 months, the German company sent out a message to all its retail customers and distributors on Oct. 30, informing them that it was forced to stop taking orders for any of ...
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Macintosh sells its U.K. shoe retail chains
Macintosh Retail Group has sold its two British shoe retail chains, Brantano UK and Jones Bootmaker, as well as its chain of 110 home decoration stores in the Netherlands and Belgium, Kwantum. The sale of these assets comes after the disposal back in April by Macintosh of Nea International, a ...
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Dune continues to expand internationally
The Dune Group raised its sales by 7.2 percent to £149 million (€212.3m-$226.5m) for the 52 weeks ended Jan. 31, according to public documents. Out of this turnover, only £6.5 million (€9.3m-$9.9m) came from its stores outside the U.K., but the shoe retailer continues to expand briskly abroad.Encouraged by positive ...
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Vivarte is improving
The parent company of André, Minelli, San Marina and other French shoe and apparel retail chains is apparently doing better since the appointment of an experienced “company doctor,” Richard Simonin, as chief executive a year ago. According to reports in the French press that have been confirmed by a spokeman ...
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Booming Zalando reports lower margins
Booking sales of €713.1 million in the third quarter, Zalando's sales growth accelerated to a 42.2 percent clip during the period, pushing up the revenues for the first nine months of the year to almost the same level as in all of 2014. The management attributed the performance to the ...
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Yoox Net-a-Porter announces it will close Shoescribe while earnings surge
Yoox Net-a-Porter Group has announced it is planning to close its multi-brand websites, Shoescribe.com and Thecorner.com, as it discovered an overlap of customers and brands between these two sites and its other multi-brand online stores, including Yoox, Net-a-Porter and The Outnet. By the end of the spring/summer 2016 season the ...
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Luxury goods sales growth slows
Global sales of personal luxury goods are set to reach €253 billion by the end of the year, which would mean a 1-2 percent increase as compared to 3 percent growth in 2014 in constant currency terms, according to a recent study by Bain & Co in collaboration with Altagamma. ...
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Tax-free shopping in Europe grows by 26%
Covering all kinds of products, tax-free shopping increased by 26 percent in the European Union during the first nine months of 2015, according to Global Blue. However, analysts are concerned about the fourth quarter of the year, which represents 30 percent of the total turnover of the luxury goods sector ...
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Kering slows down
We have already reported the recent slowdown in LVMH's fashion and leathergoods segment. After its announcement of an organic sales increase of only 3 percent for this segment in the latest quarter, with flat sales to Chinese customers, a report in the Financial Times indicated that the group had closed ...
