Latest Headlines – Page 84
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ArticleMarket share of preferred fibers and materials continues to increase
After years of growth, global fiber production, hit by the Covid-19 pandemic, decreased from 111 million tons in 2019 to 109 million tons in 2020. While overall fiber production declined, the market share of preferred fibers and materials is increasing. According to a new report by Textile Exchange, entitled ”Preferred ...
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ArticleWHP Global buys the Lotto brand, licenses it back to LSI
WHP Global, a New York-based brand management company, has purchased the global intellectual property rights of the Lotto brand from Lotto Sport Italia (LSI), which will continue to manage the brand in Italy and the rest of the EMEA region as a licensee under the leadership of its long-time CEO, ...
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Wildberries’s H1 sales rise by 70%
In the first half, the sales of Russia’s largest online retailer, Wildberries, jumped by 70 percent year-over-year, reaching 303 billion rubles (€3.5bn-$4.04bn). In volume, sales were up by 82 percent. The fashion segment rose by 39 percent year-on-year to 135.8 billion rubles (€1.57bn-$1.84bn). In the sole second quarter, revenues ...
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ArticleDeichmann sales fall 20% in 2020
The German retailer Deichmann suffered a 20 percent decline in sales last year, resulting in €1 billion in lost revenues globally, due to the outbreak of the Covid-19 pandemic, the chairman, Heinrich Deichmann, told Textilwirtschaft. In the interview, he said that the group had not dismissed any employees or closed ...
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ArticleItaly loses 3 positions in global footwear ranking
Because of the outbreak of the Covid-19 pandemic, global footwear production fell by nearly 16 percent in 2020. Some countries such as Pakistan and Bangladesh managed to buck the trend but most producers suffered from the global drop in demand caused by widespread lockdowns. Italy was particularly hit and lost ...
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ArticleEobuwie opens its first physical store outside Poland
Eobuwie, the online retailer owned by the Polish group CCC, has opened its first brick-and-mortar store outside Poland. Eobuwie has 25 physical stores in its home market and opened on July 30 a store in the Novy Smichov shopping center in Prague. Previously, eobuwie only operated in the Czech Republic ...
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ArticleStudy shows greater consumer awareness in use of animal products in fashion
According to a new study initiated by animal welfare organization Four Paws and executed by YouGov, there is a significant increase in awareness and sensibility among consumers worldwide regarding the use of animal products for fashion since the outbreak of the Covid-19 pandemic. There is a measurable increase in the ...
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ArticleYue Yuen raises sales and margins, shifting to higher-end products
Shifting to higher-end products, the world’s largest shoe manufacturer managed to raise the average selling price of the products made at its factories by 6.5 percent to $18.37 per pairs in the first half of 2021. This helped Yue Yuen Industrial (Holdings) to expand the gross margin of its footwear ...
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ArticleVulcabras’ sales growth accelerates in Q2, driven by athletic footwear
Vulcabras, the Brazilian footwear company that owns Olympikus and has licenses with Mizuno and Under Armour, saw sales growth accelerate in the second quarter of 2021, despite continued headwinds tied to the Covid-19 pandemic. Its revenues soared by 304.7 percent on the year earlier to 399.4 million Brazilian reais (€65.6m-$77.0m), ...
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Alpargatas’ Q2 sales jump 71%
Alpargatas, the parent company of Havaianas and Osklen, reported sales of 1,095 million Brazilian reais (€177.8m-$209.2m) in the second quarter, up by 71.4 percent on the year earlier and 46 percent higher than the second quarter of 2019, led by growth on international markets, the continued expansion of its online ...
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ArticleWeyco benefits from renewed demand for dress shoes
In the second quarter of 2020, the brands Florsheim, Nunn Bush and Stacy Adams of the U.S. company Weyco bounced back strongly thanks to renewed demand for dress shoes as people returned to their offices and social gatherings resumed with the easing of Covid-19 restrictions. It noted that Florsheim was ...
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ArticleObuv Rossii enters kids market with Universal Studios license
Obuv Rossii Manufacture, which is part of Russia’s OR Group, has obtained a license from Universal Studios to produce and sell footwear under the brands Minions, Jurassic World, Trolls, and Spirit in Russia and other members of the Commonwealth of Independent States for 2.5 years. No financial details were released. ...
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Article
Zalando posts strong double-digit sales growth in Q2
Zalando posted group revenues of €2,733.1 million in the second quarter, up by 34 percent from the second quarter of 2020. The gross merchandise value (GMV) jumped by 40 percent to €3.8 billion. GMV is the value of all merchandise sold to customers after cancellations and returns and including VAT. ...
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ArticleAlibaba Q1 revenues rise 34% but miss expectations
The Chinese e-commerce group Alibaba posted revenues of RMB 205.7 billion (€26.9bn-$31.9bn) in the first quarter ended June 30, an increase of 34 percent on the year earlier but below analyst expectations of a top line of at least RMB 209 billion (€27.3bn-$32.3bn) and lower than the 64 percent growth ...
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BasicNet posts double-digit sales increases in H1
BasicNet, the parent company of Kappa, Superga, Sebago, K-Way and other brands, has reported aggregated wholesale-equivalent sales of group products of €443 million in the first half of 2021, representing a 20.5 percent increase as compared to the same period last year. The figure includes commercial licensees’ sales of €334 ...
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ArticleWolverine raises FY outlook again after strong Q2
Wolverine Worldwide raised its guidance for the full year for the second time after achieving strong results in the second quarter ended July 3, led by the record quarterly sales performance by its two largest brands, Merrell and Saucony, on which the group has been investing more than on the ...
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ArticleAmazon’s sales slow down in Q2
Amazon posted net sales of $113.1 billion in the second quarter ended June 30, representing a 27 percent increase as compared to the prior year quarter. It was also, however, a significant slowdown from the second quarter of 2020, when sales jumped by 40 percent. Excluding the $2.5 billion favorable ...
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ArticleSquare to buy Afterpay in $29bn all-stock deal
The American fintech Square has reached an agreement to buy the Australian firm Afterpay in an all-stock deal with an implied value of about $29 billion based on Square’s share price on July 30. Afterpay specializes in buy now, pay later (BNPL) services. The transaction is expected to close in ...
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ArticleVF raises FY guidance as Q1 sales and profits beat estimates
VF Corp lifted its annual guidance after posting better-than-expected earnings and sales in its first quarter ended June 30 as retail demand for the company’s top brands continued to recover from the impact of the Covid-19 pandemic. Revenues for the three months more than doubled to $2,194 million, compared with ...
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ArticleTapestry creates foundation, boosts ESG targets
Tapestry, the New York-based owner of Coach, Kate Spade and Stuart Weitzman, has formed the Tapestry Foundation to advance access and equity initiatives and to combat climate change. In addition, the American group is accelerating and amplifying its environmental, social and governance (ESG) targets and committing to a $15 U.S. ...
