Latest Headlines – Page 23
-
ArticleFootasylum posts record sales and earnings
Footasylum posted record results in the fiscal year that ended on Jan. 27, 2024. Revenues rose by 7 percent to £319.5 million (€382.2m) for the British footwear retailer. The top line was driven by online sales, which grew by 15 percent to £134.9 million, or 42.2 percent of overall revenues, ...
-
ArticleOnline shopping remains popular in Germany
Online shopping remains popular among German consumers, with nearly 30 percent of purchases made online, a figure which has not changed since the height of the Covid-19 pandemic in 2020, a survey from Postbank showed. According to the “Postbank Digital Study 2024,” which surveyed 3,171 people in the country, ...
-
ArticleEQT sells Dunlop Protective Footwear
The EQT Mid Market Europe fund, managed by the Swedish private equity firm EQT, has agreed to sell its majority stake in Dunlop Protective Footwear to Gilde Equity Management. No financial details were released. Dunlop is a leading global manufacturer of protective wellington boots, sold via distributors to mainly professional ...
-
ArticleNext lifts guidance again as overseas sales boost H1 profits
Next has lifted its annual profit guidance for the second time in two months to almost £1 billion (€1.2bn) thanks to a sharp jump in overseas sales in the first half of its financial year and strong trading in recent weeks. The British fashion retailer raised forecasts for full-year pre-tax ...
-
ArticleSkechers faces challenging conditions in China
Skechers is facing “challenging” conditions in China and that could result in a “disappointing” performance in the country in the second half of the year. The US footwear company however declined to provide a forecast regarding its performance in China. In the first half of 2024, Skechers’ sales in China ...
-
ArticleMicam attracts 40,950 visitors
The trade shows Micam Milano, Milano Fashion&Jewels, Mipel and The One Milano attracted 40,950 visitors, 55 percent of whom came from Italy and the remaining 45 percent from 140 countries. The largest number of visitors from European countries stemmed from Spain, Germany and France. ”The results from North America were ...
-
ArticleGanka sells Bama brand rights for Europe to Polish company Kaps
The Polish company Kaps has secured the rights to the shoe care products and insoles brand Bama in Europe and Asia. The Canadian outdoor specialist, Ganka Group, which acquired the insolvent company’s trademark rights in June 2024, has struck a deal with the family business to transfer the Bama ...
-
ArticleWourth Group buys Peter Hahn
The UK-based omnichannel retailer Wourth Group has acquired the German clothing firm Peter Hahn out of administration for an undisclosed sum. Peter Hahn is a household name in Germany, Austria, Switzerland and the Netherlands and sells mostly clothing and shoes under both its own and third-party brands. Wourth, ...
-
ArticleUnflock launches a crowd funding campaign for its sneaker cover
The Italian startup Unflock launched on Sept. 15 a crowdfunding campaign through the Kickstarter platform to raise €42,000 to finance the launch of a cover to protect and personalize the soles of sneakers. Inspired by the “simplicity and functionality of smartphone covers” Unflock’s sole cover aims to reduce the replacement ...
-
ArticleRendez-Vous adds fruit and vegetables to its product range
Rendez-Vous, a leading Russian footwear retailer, is offering customers the opportunity to complement their online orders with fruit and vegetables produced at the company’s organic farm in Krasnodar Krai. Launched in February 2024, the project seems to be gradually paying off. Rendez-Vous set up the farm in 2020 as part ...
-
ArticleItalian footwear production continues to decline
In the second quarter of 2024, revenues of Italian footwear manufacturers fell by 8.0 percent year-on-year, slightly worse than previously anticipated and confirming the decline seen in the first three months of the year. In the first quarter, revenues contracted by 10.1 percent year-on-year, while production decreased by 20.5 percent. ...
-
ArticleCaleres unveils cost-cutting measures, lowers guidance after falls short in Q2
Caleres said it was accelerating cost-cutting measures and cutting guidance for its full fiscal year, after missing sales and earnings guidance in the second quarter ended Aug. 3. Second-quarter sales slipped by 1.8 percent compared to the year earlier to $683.3 million, a decline that was attributed to a fall ...
-
ArticleSkechers sues Rockport for alleged patent infringement
Skechers filed a lawsuit on Sept. 4 in the Southern District of New York, accusing Rockport, its parent company, Authentic Brands Group (ABG), and its licensee, Marc Fisher Footwear, of selling shoes that allegedly infringe on its slip-in technology. “Rockport shoes infringe Skechers’ utility patent claims protecting innovations associated with ...
-
ArticleDesigner Brands cuts guidance as dress, seasonal footwear suffer
Designer Brands said it was cutting its sales and earnings guidance for the full year after posting worse-than-expected results in its second quarter ended Aug. 3, as the outperformance of its growing athleisure offering was not enough to offset difficulties with dress and seasonal footwear. The company, which owns the ...
-
ArticleMicam attracts over 900 brands
Micam will host 932 brands at its forthcoming edition, scheduled from Sept 15 to 17, with 475 labels coming from Italy and 457 from abroad, mainly Spain, Turkey, Brazil, Portugal, and Germany to present their footwear collections for the 2025 spring/summer season. The exhibition, which will be held at the ...
-
ArticleInditex’s H1 sales growth outpaces costs
In the first half ended July 31, Inditex posted sales of €18.1 billion, up by a reported 7.2 percent and by 10.2 percent at constant exchange rates, with store openings in 34 markets bringing the group to a total of 5,667 stores. The top line outpaced operating expenses, which increased ...
-
ArticleMoscow continues to drive the Russian fashion market
Moscow and St. Peterburg remain the key drivers of the Russian fashion market, local officials indicated. Over the past three years, Moscow saw a 46 percent surge in the turnover of stores selling clothes and shoes, Natalia Sergunina, Moscow’s Deputy Mayor, recently revealed. Moscow’s fashion industry currently comprises 12,800 firms, ...
-
ArticleGenesco maintains earnings guidance despite better-than-expected Q2 performance
Genesco said it was maintaining its earnings guidance for its 2025 fiscal year, even though its top and bottom line performance exceeded expectations in the second quarter as it continued to make progress with the turnaround of its Journeys division. Management still anticipates adjusted earnings per share (EPS) of $0.60 ...
-
ArticleAssocalzaturifici names a new General Manager
Assocalzaturifici, the Italian association of shoemakers, has appointed Giorgio Possagno as General Manager. The position had been vacant since the departure of Tommaso Cancellara on April 5, 2022. Source: Assocalzaturifici Giorgio Possagno Aged 53, Possagno started his career with the tyre maker Pirelli, where he worked at ...
-
ArticleGolden Goose H1 sales up by 12% driven by DTC
At constant exchange rates, Golden Goose posted a 12 percent year-on-year increase in first-half net revenues to €307 million driven by its direct-to-consumer (DTC) business. DTC net revenues grew 18 percent to €226.8 million, accounting for 73 percent of the top line, compared with 70 percent a year earlier, thanks ...
