Latest Headlines – Page 189
-
Article
Vulcabras continues to improve
The parent company of Azaleia, Dijean and Olympikus, which is about stop marketing Reebok in Brazil and other Latin American countries, reported a positive operating profit for the second quarter in a row. Vulcabras reached Ebitda of R$ 17.6 million (€5.1m-$5.8m) in the three months ended March 31, compared with ...
-
Article
Clarks meets challenges in trading up
The financial year ended on Jan. 31 was marked by contradictory trends at C&J Clark. A good first half of the year contrasted with a poor second half. Relatively challenging results in the U.K. and Ireland as well as in the Americas were offset by good progress in the rest ...
-
Article
Yoox merges with Net-a-Porter
Creating a profitable new online retailing group with an annual turnover of about €1.3 billion, Compagnie Financière Richemont has agreed to merge Net-a-Porter, the online luxury fashion retailing platform based in the U.K. that it has been controlling since 2010, through an exchange of shares into the more down-market online ...
-
Article
Zalando opens a high-tech hub in Ireland, improves results
Zalando is setting up its first research and technology center outside Germany in Dublin to use the data collected by the online retailer to identify short-term trends in consumer demand for certain items, for example after a major event or the appearance of a celebrity wearing a particular shoe or ...
-
Article
More brands are using Schuhe.de for promotions
ANWR Schuh is replicating its successful partnership with Skechers on its Schuhe.de online portal with other international footwear brands, starting with Geox. The Italian brand began last month an exclusive, highly advertised four-week promotion of 12 styles that customers can buy at special prices at selected stores affiliated with the ...
-
Article
Macintosh sees lower sales, rising market shares
Macintosh Retail Group, the Dutch-based parent company of Brantano, Manfield, Scapino and other shoe retail chains, reported a sales decline of 1.7 percent to €184.4 million in the first quarter as compared to the same period a year ago. In the 368 shoe and clothing stores that it intends to ...
-
Article
Vivarte closes 200 stores
The French shoe and apparel retailing group has decided to close down 37 of its 160 André shoe stores and 174 of the 600 discount apparel stores trading under its La Halle banner. Another 23 units of La Halle are going to be converted to discount shoe stores trading under ...
-
Article
French shoe exports grow by 14%
French consumption of footwear declined for the third year in a row in 2014, according to the Federation of the French Shoe Industry (FCC). It fell by an estimated 2.0 percent to €8.8 billion, affecting all the retail channels except for apparel boutiques, sports stores and internet or mail order ...
-
Article
Spanish shoes win market shares abroad
Beating the other major European exporting countries, Spain recorded increases in its shoe exports of 17 percent in value and 14 percent in volume in 2014, reaching a record of €2,640.5 million. Exports of leather shoes went up by 17 percent in volume and by 19 percent in value, representing ...
-
Article
European shoemakers performed well in the last six years
Based on the available statistics from the year from 2009 to 2013, officials of the European Confederation of the Footwear Industry (CEC) noted a “general positive evolution” in the European footwear industry in terms of employment, with “no drastic jobs losses” during the period, despite the global economic crisis.The production ...
-
Article
Prada sees same store sales falling sharply
The Prada Group's sales fell by a high single digit on a comparable store basis in the full year ended on Jan. 31, putting pressure on the group's profitability. The company outlined the return to positive comparable store growth as its “number one priority” this year.The group finished the financial ...
-
Article
LVMH's growth softens, Vuitton recovers
LVMH's organic growth slowed down further in the first quarter of 2015 to 3 percent as compared to the same period a year ago. It has been going down steadily in the last three years, falling from 9 percent in 2012 to 8 percent in 2013 and 5 percent in ...
-
Article
Gucci drops by 8% in the quarter
The stock market quotation of Kering fell by 4 percent after the French group reported a sales increase of only 0.6 percent on a comparable basis for the first quarter, with a drop of 2.6 percent in its Luxury division, which is led by Gucci, and an encouraging recovery of ...
-
Article
Hermès grows by 8%
Gaining further market share against its competitors in the luxury goods market, Hermès reported a currency-neutral sales increase of 8.0 percent in the first quarter, including a 10 percent jump in its own stores. In reported terms, the company's consolidated sales went up by 18.9 percent to €1,122.2 million.On a ...
-
Article
Skechers delivers a strong quarter
Skechers USA went through a very strong first quarter where its sales jumped by 40.5 percent to $768 million, growing in all the categories. The sales increase came in spite of numerous adverse factors such as the West Coast strikes and unseasonably cold weather in the U.S., the strong dollar ...
-
Article
Wolverine grows by only 1%
Wolverine Worldwide enjoyed a 50 percent increase in sales to foreign distributors in the last two years, and the company continues to see international expansion as being critical to the future growth of its 16 brands. In the first quarter ended March 28, Wolverine experienced a very strong double-digit increase ...
-
Article
Madden posts higher retail sales
Steven Madden posted a 6.3 percent sales increase to $323.9 million in the first quarter ended March 31. The company said revenues for the wholesale footwear business excluding acquisitions were down in the first quarter, while there was a significant improvement in sell-through at its retail partners compared with the ...
-
Article
Yue Yuen’s Vietnamese workers end strike
Up to 70,000 workers at two shoe manufacturing plants operated in Ho Chi Minh City by Pou Yuen, which is controlled by Yue Yuen Industrial Holdings, staged a rare six-day strike, protesting against new legislation on social insurance that is due to be implemented in Vietnam next year. All but ...
-
Article
New shoe factory under construction in Turkey
A Turkish entrepreneur, Bilal Dogan, is starting up a large new factory to make sports and casual shoes in his native country, supplementing the product development and sourcing activities that he has built up in China over the past nine years. The $20 million investment, which he says is not ...
-
Article
Harald Neisser will run Rohde
A veteran of the German shoe industry, Harald Neisser, was appointed chief executive of Rohde on April 1, replacing Oliver Kraxner who is leaving the company at the end of May after conducting a major reorganization program over the past five years that has restored it to profitability and made ...
