Latest Headlines – Page 57
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ArticleStuart Weitzman’s Q2 sales down nearly 24%
Stuart Weitzman, the premium footwear brand of the U.S. fashion group Tapestry, posted sales of $85 million in the fiscal second quarter ended Dec. 31, down 23.6 percent year-on-year at constant currency rates. “Revenue declined in the quarter, impacted by the brand’s significant exposure to China as well as a ...
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ArticleVF takes action to improve performance, divesting pack brands
VF Corp. is vowing to take all necessary actions to improve its operating performance heading into its FY24
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ArticleiHeel presents an extendable heel for women’s shoes
iHeel, an Italian company proposing an extendable heel for women’s shoes, is obtaining a lot of interest from end users, resellers, distributors and e-commerce companies, according to Veronica Crisafulli, the company’s co-founder along with Alessandro Filosa. The pair has been working for three years on the heel’s prototypes and invested ...
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ArticleANWR Group FY revenues rise nearly 10%
ANWR Group reported a 9.6 percent increase in business volumes to €21.7 billion in 2022 driven by the footwear, sports and leather goods divisions, which posted double-digit growth. “This is a remarkable development given the challenging conditions we faced in 2022,” said Frank Schuffelen, the CEO of the German ...
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ArticleJimmy Choo’s quarterly sales hit by Covid resurgence in China
In the fiscal third quarter ended Dec. 31, Jimmy Choo posted revenues of $168 million, down by 5.6 percent year-over-year on a reported basis but up by 3.4 percent at constant currency rates. The brand’s performance was affected by the surge in Covid-19 cases in China as the country reopened. ...
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ArticleDeckers raises sales and earnings guidance after better-than-expected Q3
Deckers Brands raised its sales and earnings guidance for the full financial year after revenues in the third quarter ended Dec. 31 rose by 13.3 percent to $1,346 million, beating analysts’ expectations for a top line of about $1,250 million and supported by a near doubling in sales of the ...
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ArticleSkechers looks to produce in India as Q4 sales jump 14%
Skechers said it is planning to begin production in India, one of its fastest growing markets in the Asia Pacific region. Sales in the country displayed “particular strength” in the fourth quarter of 2022, as the company’s overall top line jumped by 13.5 percent to $1,878.8 million billion to reach ...
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ArticleMicam attracts 64 Brazilian brands
Sixty-four Brazilian footwear brands will be present at Micam, the trade show held from Feb.19 to 22 at the Fieramilano Rho exhibition center at the outskirts of Milan. The brands’ presence is supported by Brazilian Footwear, a program to promote footwear exports established by the Brazilian footwear association, Abicalçados, in ...
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ArticleEmerging designers: An overview of innovative footwear design at Micam
In the run-up to the 95th edition of the Micam footwear show in Milan, here is a brief overview of the twelve emerging designers who will be doing their second go-round on their dedicated stand in the new MicamX area between Feb. 19 and Feb 22. Now in its fourth ...
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ArticleGeox eyes operating profit as 2022 sales jump 21%
Geox said it expects to post an operating profit in 2022 after three years in the red, as it benefits from higher-than-expected sales and a restructuring that has allowed it to cut costs and channel investments to more strategic areas of its business. According to preliminary figures from the Italian ...
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ArticleLloyd reports strong sales increase, expects to return to pre-Covid sales in 2023
Lloyd Shoes posted a strong sales growth in 2022 and anticipates a bright year ahead. The German shoe maker recorded a 47 percent increase in sales in 2022 to €114.95 million, driven by improvements across all business areas, and expects to return to pre-pandemic sales levels in the current ...
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ArticleGo Sport France and Kookaï go into receivership
Go Sport France and Kookaï have been placed into receivership as some French retailers continue to suffer from the impact of the Covid-19 pandemic and competition from online businesses. Meanwhile, Pimkie is expected to be sold soon with the loss of about 500 jobs. On Feb. 2, 2022, a Grenoble-based ...
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ArticleBoot Barn continues with openings as new stores drive 6% Q3 sales growth
Boot Barn expects to open 10 more stores in the fourth quarter ended April 1, 2023, bringing new openings in the full financial year to 43, as it sets its sights on expanding its future store count to about 900, nearly triple its current level. New stores were responsible for ...
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ArticleFerragamo posts weak Q4 sales due to China
Salvatore Ferragamo’s total full-year revenues reached €1.252 billion, up by 10.2 percent year-on-year on a reported basis and by 5.7 percent at constant currency rates. Total revenues were dented by a €25.7 million hedging loss and missed market expectations by about €20 million due to a weak final quarter. The ...
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ArticleH&M posts a Q4 loss on higher costs
In the fiscal full year ended Nov. 30, H&M’s net profit fell to SEK 3.566 billion (€318m) from SEK 11.010 billion a year earlier, after posting a loss of SEK 864 million (€77m) in the fourth quarter compared with a profit of SEK 4.621 billion a year earlier. Financial analysts ...
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ArticleZenden plans to expand its Russian retail network in 2023
Russia’s main shoe retailer Zenden announced plans to add 50 doors to its store network in 2023, taking advantage of the gaps in the market left by the withdrawal of Western brands. Currently, Zenden runs 250 brick-and-mortar stores in Russia, located primarily in the largest cities of the European part ...
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ArticleTod’s breaks through €1 bn sales threshold, sees ‘excellent’ start to 2023
Diego Della Valle, the chairman and CEO of Tod’s, said he is “very confident” about future results of the Italian footwear company due to an “excellent” start to 2023 in stores and the solidity of its order portfolio for next season. Della Valle’s optimism came as Tod’s announced preliminary results ...
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ArticleZegna’s Q4 revenues dip 0.5% but shoes post ‘exceptional performance’
The Italian fashion house Ermenegildo Zegna generated revenues of €407 million in the fourth quarter of 2022, down by a reported 0.5 percent on the year earlier and 2.9 percent lower at constant exchange rates, as sales were hit by new Covid-19 restrictions affecting the Greater China region. The owner ...
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ArticlePrimark posts a rise in Christmas sales
Primark reported a rise in Christmas sales as consumers continued returning to city shopping centers and retail parks after the easing of Covid-19 restrictions. Revenues in the 16 weeks to Jan. 7 stood at £3.145 billion (€3.562 bn), up by 18 percent on a reported basis and by 15 percent ...
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ArticleSosandar enters a distribution deal with Sainsbury’s
The British fashion brand Sosandar has entered into an agreement to sell a selected collection of its products through the British retailer Sainsbury’s, providing it with an omnichannel presence. Thanks to the wholesale agreement, a range of women’s items will start being sold through Sainsbury’s during 2023, initially online only ...
