Latest Headlines – Page 183
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Ferragamo is cautious
Salvatore Ferragamo saw its revenues rise by 6.7 percent to €1,021 million in the first nine months of 2015, but they would have been much higher without a currency hedging loss of €43.6 million for the period, which compares with a €15.0 million hedging gain in the corresponding period of ...
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Tod’s is optimistic
The Tod's group reported a 6.2 percent increase in sales to €786.9 million for the first nine months of 2015, but on a currency-neutral basis the increase narrowed to 0.6 percent. In the third quarter, the growth rate slowed down to 3.1 percent at current currency rates due to weakness ...
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Geox' spring/summer orders are up by 10%
Geox booked a 10 percent increase in wholesale orders for the spring/summer 2016 collection, as the Italian company proceeds with its turnaround. In the nine months to Sept. 30, the group posted a 6.1 percent increase in revenues to €708.9 million, with growth of 3.9 percent at constant exchange rates.The ...
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Lower results for Crocs
Crocs reported a net loss of $27.8 million for the third quarter, compared with net earnings of $12.0 million in the year-ago period. The loss came after non-recurring and special charges of $8.6 million in the latest period, compared with charges of $17.4 million a year earlier.Revenues declined by 9.4 ...
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Wolverine works on product pricing
To protect its international business from the strong increase in the value of the dollar, Wolverine Worldwide selectively adjusted the prices of some products upwards outside the U.S. earlier this year, recognizing that this could put pressure on sales. As company officials feel that the strength of the dollar will ...
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Skechers’ expansion goes on
A sales jump of 52.9 percent in wholesale revenues outside the U.S. contributed to another record turnover for Skechers USA in the third quarter. The company chalked up sales of $856.2 million for the quarter, an increase of 27.0 percent. The international sales hike was achieved despite the impact of ...
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Deckers hires Stefano Caroti for omni-channel
Stefano Caroti is a seasoned sporting goods industry executive who spent 23 years at Nike and six at Puma, where he served most recently as chief commercial officer. In his previous career at Nike, he ran the company's Italian and German subsidiaries before taking care of footwear and then retail ...
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Good growth for some of VF’s brands
Double-digit sales expansion for the outdoor and action sports brands owned by VF Corporation supported the company's 8 percent sales rise for the third quarter in constant currencies. They contributed sales of $2,296.5 million, which was an increase of 5 percent in dollars and 13 percent in constant currencies. Their ...
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Steve Madden posts higher sales and earnings
Steve Madden posted a 5.5 percent sales increase in the third quarter compared with the same period of 2014. Sales reached $413.5 million, mostly driven by the ongoing positive performance of the retail segment. Net income was $42.9 million, up from $39.2 million in the prior year's third quarter, with ...
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Bogs continues to drive Weyco Group
Weyco Group posted 4 percent higher sales of $87.4 million in the third quarter, with diverse trends among its various brands and banners. Operating earnings rose by one percent to $9.0 million and net income was flat at $5,526,000 for the period.The company's retail sales in North America fell by ...
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Rocky Brands posts lower sales and profits
Rocky Brands announced third-quarter sales of $70.0 million, down by 3.7 percent from the third quarter of 2014. While wholesale revenues decreased by 12.0 percent to $54.7 million, retail sales rose by 8.4 percent to $10.3 million. The net income fell by 42 percent to $1,803,667, due to the lower ...
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Phoenix Footwear reports lower sales
Phoenix Footwear, the parent of Trotters and SoftWalk, reported an 8.4 percent sales decline in the third quarter ended Oct. 3, with revenues down to $5.82 million. The decline was associated with a reduction of sales of Trotters branded products as the company reduced its presence in a large national ...
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Alpargatas sells Rainha and Topper
Alpargatas announced the sale of the Rainha and Topper brands of sports shoes in Brazil as well as a 20 percent stake in Topper Argentina, the parent company of Topper. The buyer of these assets is the Sforza group, which is owned by Carlos Wizard Martins, a Brazilian entrepreneur who ...
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Grendene's margins go up, due to currencies
Grendene managed to report a 21.1 percent increase in net income to 357.1 million Brazilian reais (€86.2m-$92.8m) for the third quarter in spite of declines in the number of shoes sold of 15.1 percent in its domestic market and 17.5 percent abroad. For the parent company of Ipanema, Melissa, Rider ...
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Vulcabras continues to improve
The Brazilian company's net revenues increased by 4.4 percent to 357.2 million reais (€88.3m-$94.1m) in the third quarter ended Sept. 30, but the gross margin improved by 1.8 percentage points to 28.6 percent and the company's operating profit before amortization (Ebitda) grew by 36.6 percent to R$73.2 million (€18.1m-$19.3m), indicating ...
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Yue Yuen grows by 5.8%, led by retail
The total revenues of Yue Yuen Industrial Holdings increased by 5.8 percent to $6,277.5 million in the first nine months of this year, but they were lifted by a 19.6 percent rise to $1,741.6 million in the retail sales of Pou Sheng, the Chinese retail subsidiary of the group.In the ...
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Belle performs better with sport than casual
While noting a significant improvement in the overall sporting goods market in China since the beginning of 2014, thanks especially to higher levels of sports participation, Belle International has reported increases of nearly 4 percent in sales as well as operating and net earnings for the first half of this ...
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The right figures for Superga
The figures given for Superga in the International Fashion Casual Footwear Chart published the last issue of Shoe Intelligence were incorrect. The brand's wholesale-equivalent sales grew by 51 percent worldwide to €94.3 million in 2014, or $125 million, including $10.5 million in the U.S. This means that the Italian brand ...
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Fashion wins over comfort in the casual shoe market
As in 2013, the fashion-oriented segment of the branded “brown shoe market,” led by Skechers rose in 2014 faster than the more comfort-oriented lifestyle segment, led by Clarks. Based on an annual survey conducted by Shoe Intelligence, the fashion casual footwear market went up by 10.1 percent last year in ...
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Clarks' CEO and its CFO quit
C&J Clark announced last month that Melissa Potter, chief executive of the group, and Robin Beacham, chief financial officer, are stepping down from their roles with immediate effect. Thomas O'Neill, non-executive chairman, will act as executive chairman pending the recruitment of a new CEO. Beacham's functions will be taken over ...
