Latest Headlines – Page 7
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ArticleTod’s hints at positive profit news as sales momentum continues
Diego Della Valle, the chairman and CEO of Tod’s, said he was “very positive” about profits and growth potential at the Italian fashion house after it reported 2023 figures that showed continuing sales momentum. Full-year sales increased by 11.9 percent last year to reach €1,127 million, growing by 14.0 percent ...
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ArticleC-Suite interview: Rohde enters the U.S. market and expands its European online business
Rohde is continuing its recovery by entering the U.S. market and expanding to most of Europe its business-to-consumer (B2C) online platform, which is currently limited to Germany. On May 3–4, 2023, Rohde took part as an “education sponsor” in the Leadership Conference of the US National Shoe Retailers Association held ...
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ArticleRevenues fall at Dr. Martens as U.S. business remains out of step
Dr. Martens’ revenues fell by a fifth during the key Christmas period because of continuing weak performance in the US and a slump in wholesale demand. The British footwear company, which issued four profit warnings last year, posted revenues of £267 million (€313m) for the last three months of 2023, ...
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ArticleEurope underpins Ferragamo’s sales
Salvatore Ferragamo’s total revenues in the fourth quarter of 2023 fell by 5.6 percent on a reported basis, and by 5.9 percent at constant exchange rates, to €312.5 million, roughly in line with market expectations. During the quarter, net sales, which exclude certain revenues such as licenses, registered a “positive ...
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ArticleBrazilian footwear exports collapse in December
In December, Brazilian footwear exports fell by 41.5 percent year-over-year in volume to 7.45 million pairs and by 33.3 percent in value to $73.44 million, according to data released by the Brazilian footwear industry association, Abicalçados. For the whole of 2023, exports dropped by 16.6 percent in volume to 118.34 ...
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ArticleBrazilian footwear firms expect to generate $19.6m in sales thanks to Expo Riva Schuh
At Expo Riva Schuh & Gardabags, the Italian trade show specializing in footwear, bags and accessories held from Jan. 13 to 16 in Riva del Garda, Brazilian exhibitors sold 223,000 pairs of shoes for a total value of $4.1 million. Judging by the deals struck during the trade fair, the ...
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ArticleConsumer sentiment worsens in Germany
Consumer sentiment has taken a nose dive in Germany at the start of 2024, according to a survey published jointly by the research institute GfK and the Nuremberg Institute for Market Decisions (NIM). “The year 2024 starts off very disappointingly for consumer sentiment in Germany: both economic and income expectations ...
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ArticlePrimark does not expect severe disruption due to Red Sea tension
Primark’s sales grew by 2.1 percent on a like-for-like basis over the Christmas quarter despite a warm autumn, however they were down from an 8 percent rise in the previous three months. The British fast-fashion retailer added it did not expect severe supply disruptions from attacks on commercial shipping in ...
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ArticleHow French retailers can save up to a year’s rent on their lease
In a comprehensive interview, Tanguy Pissembon, a Paris-based legal counsel in real estate, explains how commercial tenants in France can significantly save on their rents when renewing their leases by properly using the country’s legislation.
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ArticleBoohoo’s CFO quits with immediate effect
Boohoo’s chief financial officer Shaun McCabe has left the British fast-fashion online retailer with immediate effect and has been replaced by Stephen Morana, a former non-executive director of the company. The Manchester-based business, which owns the brands Karen Millen, PrettyLittleThing and Dorothy Perkins, said that McCabe had left the firm ...
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ArticleANWR Group's FY sales down 5%
ANWR Group reported a 5.0 percent decrease in business volumes to €20.7 billion in 2023, with all divisions suffering a decline. “2023 was a particularly challenging year,” said Frank Schuffelen, the CEO of the ANWR Group. “Inflation rates, high cost pressure and the depressed consumer sentiment caused by the geopolitical ...
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ArticleBirkenstock targets running specialty shops with its footbed
In the U.S., Birkenstock is targeting running specialty stores by offering its signature sandals with an orthopaedic footbed as recovery footwear for athletes after their workout. The move is part of the German brand’s diversification strategy in a key market. “In Q4, we took advantage of the macroeconomic situation to ...
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ArticleStella’s Q4 sales rise on inventory replenishment by some customers
In the fourth quarter of 2023, Stella International Holdings posted a rise in manufacturing revenues to $380.3 million from $335.1 million a year earlier as footwear shipment grew by 10.9 percent to 13.2 million pairs from 11.9 million and the average selling price (ASP) inched up to $28.8 a pair ...
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ArticleBirkenstock’s earnings and guidance disappoint
Birkenstock released a disappointing first set of earnings as a public company prompting its stock to plummet nearly 8 percent on the day. The company also warned of a further Ebitda margin squeeze in the new fiscal year due to ramp-up costs at its new factory near Pasewalk in Germany. ...
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ArticleAlviero Martini under court administration amid supply chain labor exploitation charges
Alviero Martini has been placed under court administration by the Milan court, following a probe that found its supply chain relied on Chinese sweatshops that exploited workers to produce the Italian fashion house’s accessories and shoes. The probe was initiated by the public prosecutors Paolo Storari and Luisa Baima Bollone ...
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ArticleExpo Riva Schuh attracts 9,000 visitors
Expo Riva Schuh & Gardabags, the Italian trade show specializing in footwear, bags and accessories held from Jan. 13 to 16 in Riva del Garda, hosted 1,300 exhibitors and brands from 39 countries and attracted 9,000 visitors, of which 80 percent came from Europe and 20 percent from the rest ...
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ArticleArklyz to buy Lloyd Shoes from Ara
Arklyz AG, based in Stans, Switzerland, has signed a definitive agreement to buy the German brand Lloyd Shoes, along with all its operating subsidiaries, from Ara. The buyer plans to provide support and resources to grow Lloyd’s wholesale, omnichannel and international business. The transaction is expected to close in the ...
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ArticleNeroGiardini is expanding in South Korea, Japan and the U.S.
After recently entering the Japanese and Korean markets, NeroGiardini, an Italian brand located in Italy’s Marche region, is now expanding in the U.S. The internationalization policy pursued by Alessandro Bracalente, the managing director and son of the founder Enrico Bracalente, aims to boost sales in the U.S., which is the ...
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ArticleExpo Riva Schuh to host 1,300 exhibitors
Expo Riva Schuh & Gardabags, scheduled from Jan. 13 to 16 at Riva del Garda, will host 1,300 exhibitors and brands from 39 countries. To mark its 100th edition, the Italian trade show will hold a “Celebration Night” during which it will honour “historical stakeholders who have accompanied and ...
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ArticleGenesco targets rents, moving non-selling activities out of stores to cut costs, boost profits
Genesco is focusing on bringing down rent costs and moving non-selling activities outside of stores, as it implements a $40 million cost-cutting program aimed at boosting profitability. “We are continuing to focus on rent, which is our biggest operating expense line,” explained Tom George, the chief financial officer, during the ...
