Latest Headlines – Page 186
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Church’s, Miu Miu lift Prada group’s H1 sales
The Prada Group booked a 4 percent sales increase in the first half ended July 31 to €1,823 million, lifted by the Church's and Miu Miu brands. The group's retail sales rose by 8 percent to €1,552 million, boosted by favorable currency exchange rates and an improvement in sales performance.The ...
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Stella sees increasing foreign demand
Stella International Holdings has reported a 12 percent increase in shoe deliveries to 23.7 million pairs during the first half of this year, due to increased demand from U.S. and European clients who are beginning to refill their depleted inventories.Average selling prices for footwear increased by 0.7 percent on the ...
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Yue Yuen grows by 7.4%, driven by retail
Total revenues grew by 7.4 percent to US$4,245 million at Yue Yuen Industrial Holdings in the first six months of this year, and they accelerated to a 7.6 percent pace in the second quarter. Operating earnings declined by 4.3 percent to $208.8 million in the six-month period across the group's ...
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Grendene gains market share at home, not abroad
Higher profit margins, which are largely due to the depreciation of the Brazilian currency, allowed Grendene to raise its net earnings by 32.4 percent to 223.7 million Brazilian reais (€54.8m-$61.4m) for the first half of this year. The Brazilian group managed this in spite of an increase in net revenues ...
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Havaianas offsets Alpargatas’ struggling sports segment
Increased import costs related to the strong dollar, which appreciated by 37.8 percent against the Brazilian real in the second quarter of this year, contributed to lower the profitability of Alpargatas' sports segment during the period. However, this was largely offset by the growing profitability of its international sandals business, ...
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Deflation in leather footwear prices?
The worldwise shoe production rose by 8 percent to an estimated 24.3 billion pairs in 2014, according to the annual World Footwear Yearbook produced by Apiccaps, the Portuguese shoe industry association. Global exports increased at a faster rate of 16 percent, reaching 16.4 billion pairs, but they were up in ...
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Online sales of shoes decline in Germany
Quoting surprising figures from the Statistical German Office and other sources, the country's association of shoe retailers, BDSE, reported at the GDS trade show in Düsseldorf that sales of footwear over the internet fell by 0.6 percent in the first half of 2015, representing 13 percent of the total national ...
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Zalando accelerates
To help sustain its strong growth, Zalando has signed a rental contract for a new office of 13,000 square meters in Berlin. According to preliminary figures, Zalando's sales jumped by 35 percent to €738 million in the second quarter ended June 30, delivering an adjusted operating margin (Ebit) of between ...
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Macintosh outperforms other shoe e-tailers
Sales of footwear over the internet continued to grow in the Netherlands and Belgium during the first four months of this year, but the rationalized Macintosh Retail Group continued to improve its market shares in both countries - especially online - thanks to its omni-channel strategy.In discussing the company's results ...
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Good quarterly results for some luxury brands
In contrast with the most recent predictions by Bain & Company, which call for a drop in the growth of luxury goods consumption to a range of 3 to 2 percent this year from 4 percent in 2014, Hermès and LVMH have both reported an acceleration in their sales of ...
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Gucci makes an unexpected turnaround
Kering's stock market quotation opened 6 percent higher after the company reported an unexpected sales turnaround for its biggest brand. After suffering a decline of 7.9 percent in the first quarter, Gucci's sales increased by 4.6 percent on a comparable, constant-currency basis in the second quarter, with improvements in all ...
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Geox turns around in H1
Continuing its progress, Geox reported yesterday a 6.7 percent increase in turnover to €426.9 million in the first half of this year, attributing it to the successful introduction of innovative products. Sales went up by 4.0 percent in local currencies. In terms of euros, footwear sales rose by 10.7 percent, ...
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Geox’ Serbian plant to start up in September
In discussing its latest financial results, Geox gave an update regarding the shoe factory it is building in Serbia, which is now scheduled to come on stream in September. The site is expected to make more than 1.2 million pairs a year at cruising speed.The company has already hired 250 ...
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Further big gains for Skechers
Once again, Skechers USA surprised financial analysts by announcing a jump of 129.2 percent in net earnings for the second quarter on 36.3 percent higher revenues of $800.5 million. The gross margin was up by 0.9 percentage points to 46.8 percent, while the operating margin shot up to 14.0 percent ...
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Mixed results for Wolverine
Wolverine Worldwide's consolidated revenues grew by 2.7 percent to $630.1 million for the second quarter ended June 20, with a 4.9 percent increase on a currency-neutral basis. They actually went up by 6.9 percent without including the discontinued line of Patagonia footwear and sales at the corporate stores that have ...
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The strong dollar affects Deckers
The parent company of Ugg, Teva, Sanuk and other brands reported increased net losses of $47.3 million for its first quarter, ended June 30, as compared to $37.0 million in the same period a year ago. At 40.5 percent, the gross margin was 0.5 percentage points lower than a year ...
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Crocs is not yet out of the woods
Crocs' new focus on fewer products, fewer stores and fewer geographical markets is not expected to bear its best fruits until the first half of 2016. Gregg Ribatt, the company's new chief executive, sees the business continuing to stabilize around the globe, and sales declined by 8 percent in the ...
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Turnaround in sight for Brazilian shoe exports?
Brazilian shoe manufacturers lost 30 percent of their export volume in the last few years, due in part to the strong value of their national currency and a desire to satisfy the growing domestic demand. As these two variables have changed, many Brazilian shoe companies have been looking again at ...
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Foreign designers wanted for India’s shoe industry
Recognizing the importance of R&D and innovation to foster the development of its industry, the Indian government has set up a new Design Task Force as part of its “Make In India” campaign. The Leather sector, including the production of leather and non-leather shoes, is one of 18 industrial focus ...
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Is Reno for sale?
Apparently, the European shoe retailing landscape is poised for another major change of ownership. After big groups such as Görtz, Vivarte, Macintosh Retail Group and Leder & Schuh, which have brought in new institutional investors or announced the divestiture of some of their activities, another big retail chain operating in ...
