Latest Headlines – Page 187
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A woman will lead Italy’s shoemakers
Annarita Pilotti was elected on June 9 by a vast majority for a four-year term as the new president of Assocalzaturifici, the powerful Italian shoe industry association. Born in 1958, she is the chief executive of Loriblu, a manufacturer of women's shoes in the Marche region of Italy. She was ...
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Big growth in Spanish exports
The Spanish shoe industry's export momentum, which began around 2008, continued in the first quarter of 2015. Exports increased by 10.2 percent in volume to 46.6 million pairs and at an even faster rate of 18.4 percent in value, reaching €869 million. Sales of leather shoes increased by 5.5 percent ...
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Zalando takes over Bread & Butter
The giant e-tailer based in Berlin has signed a letter of intent to buy the insolvent company that manages the Bread & Butter fashion show in the German capital. The fair is working on a new concept that should involve consumers, which are Zalando's primary target, but it's not sure ...
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Hudson’s Bay buys Kaufhof
One more big change is taking place in the beleaguered department store landscape in Germany. A Canadian-based group, Hudson's Bay Co., (HBC) has agreed to acquire Galeria Kaufhof from the Metro AG group for €2.82 billion including debt, outbidding the Austrian-based Signa Retail group, which previously bought most of the ...
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ANWR proposes to set up a new firm for Mücke
After discussions with more than 500 shoe retail members, the ANWR Group is proposing the establishment of a new company that will take over its Mücke retail chain as well as a logistic platform, Retail Logistics, that will provide a variety of services to the participating retailers. The services would ...
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Shoe Zone reports lower sales and profits
Shoe Zone has reported a 5.7 percent decline in sales to £78.2 million (€108.4m-$121.2m) for the six months ended April 4. The British discount-oriented shoe retailer attributed it to nine store closures and mild weather conditions. Sales volumes went up, but customers preferred to buy relatively cheap, transitional products such ...
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Genesco’s profit drops by 29% but sales are up
Genesco posted first-quarter earnings from continuing operations of $9.9 million, down from $14.1 million in the same quarter last year. Excluding extraordinary items, including $0.9 million of deferred purchase price payments in connection with the acquisition of Britain's Schuh Group, earnings from continuing operations declined to $12.2 million from $19.3 million.These ...
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Alpina is acquired by Slovenian state bank
Alpina, the Slovenian maker of ski and outdoor footwear, has been acquired entirely by Bank Assets Management Company (BAMC) the country's state-owned “bad bank.” BAMC, which was Alpina's largest creditor, agreed earlier this month to convert some of its debt into equity and intends to organize the company's sale. Matjaž ...
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Greater China hits Prada’s results
The Prada Group's first quarter was affected by its performance in Greater China, especially in Hong Kong and Macau, which trimmed sales in local currencies and slashed its operating profits. Consolidated sales rose by 6.5 percent to €828.2 million in the quarter, ended April 30, thanks to the strengthening of ...
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Bata India posts a 48% profit increase
Bata India reported a 48.3 percent jump in net profit at 584.3 million rupees (€8.2m-$9.2m) during the quarter ended March 31, mainly driven by exceptional items related to a property development project. Net sales declined by 0.8 percent to INR 4,910 million (€69.1m-$77.2m). The footwear retailer and manufacturer has changed ...
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Pentland reports higher sales and profits
Pentland Group's pre-tax earnings jumped by 92 percent to £164 million (€230.5m-$257.8m) in 2014 on 14 percent higher revenues of £2.2 billion (€3.1bn-$3.5bn). Operating income before amortization of intangible assets and exceptional items increased by 30 percent to £202 million (€283.9m-$317.4m).The group's 2014 results were boosted by the strong progress ...
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Royer sees sales accelerating
Groupe Royer celebrated its 70th anniversary last week, in the presence of 80 collaborators from all over the world, by announcing a 7 percent sales increase to €280 million in 2014 and predicting a further increase to €310 million in 2015. The big French company, which is involved in private ...
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Deckers buys Koolaburra
The parent company of Ugg, Teva, Sanuk and Hoka One One is still looking for a buyer or other strategic alternatives for Tsubo. Meanwhile, it has added a new women's footwear brand to its portfolio, Koolaburra. Its sheepskin shoes are similar to those of Ugg, but are slightly cheaper. The ...
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Yue Yuen reports mixed quarterly results
Yue Yuen Industrial Holdings has reported a net profit of US$96.1 million for the first quarter ended March 31, up from $72 million in the year-ago period, but its operating earnings fell by 9.2 percent to $85.9 million before extraordinary items, reducing the operating margin of the group from 5.16 ...
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Belle’s sports stores prosper in cleaner market
Belle International is reaping benefits from the clean-up in the Chinese sports apparel and footwear market in recent years, with a comparable sales increase of 12.4 percent for its sportswear and apparel stores for the three months until the end of May – against a comparable sales decline of 7.8 ...
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Expo Riva Schuh is holding up well
The early international shoe show on Lake Garda continued to score better than many other footwear trade shows, in tune with the growing globalization of trade in the sector. The fair did not have a really euphoric start, according to several exhibitors. The first day was comparable to that of ...
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Young shoppers are not ready to abandon physical stores
Digital natives do not shop only on-line. Gfk recently questioned shoppers aged 16-21 in ten markets around the world including the U.S, the U.K., Germany, Italy, Korea, Brazil, Russia, India, China and South Africa. Findings from the recent Global Young Shopper survey indicate that this young generation loves the environment ...
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Dune is confirmed as the best shoe retail chain in the U.K.
For the second year in a row, Dune was awarded as Multiple of the Year at the Drapers Footwear Awards 2015, while Ted Baker Footwear won two awards for Men's Fashion Brand and International Business of the Year. The annual Drapers Footwear Awards, which covered this time 16 categories, were ...
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Leder & Schuh will focus on Humanic
After downsizing its operations in Eastern Europe, where the national economies have failed to grow as much as it has initially expected, the big shoe retailing group has decided to get out of the lower end of the market in Austria and to concentrate investments on Humanic, which remains its ...
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Dosenbach-Ochsner weathers the Swiss storm
Last year, Dosenbach-Ochsner, Switzerland's leading shoe and sporting goods retailer, lifted its sales by 5.6 percent to 966 million Swiss francs (€934.7m-$1,019.9m) The number of pairs of shoes sold increased by about 400,000 to 13.5 million. The Swiss subsidiary of Deichmann emphasized that it managed to extend its leading role for ...
