Latest Headlines

  • renzo-d-souza-MxabbMSLr_M-unsplash
    Article

    How Covid-19 has increased the signification of the Indian market for RAM

    2022-05-27T08:41:00Z

    The disruption caused by the Covid-19 pandemic has increased the importance of the domestic market for the Indian footwear manufacturer RAM, and its weight in the company’s business is expected to remain above pre-pandemic levels even when the situation stabilizes. The company is also ready to take on its Chinese ...

  • alibaba
    Article

    Alibaba does not provide guidance due to Covid uncertainty

    2022-05-27T08:38:00Z

    The Chinese e-commerce group Alibaba did not provide a guidance for the full year ending in March 2023 due the uncertainty generated by the re-emergence of the Covid-19 pandemic in China which has been affecting its domestic business. “Since mid-March 2022, our domestic businesses have been significantly affected by the ...

  • Caleres
    Article

    Caleres hikes sales, earnings outlook after record Q1

    2022-05-26T08:35:00Z

    Caleres raised its guidance for revenues and profits for the full year after posting its best-ever first quarter for sales, gross margin and earnings. Sales in the three months ended April 30 grew by 15.1 percent to $735.1 million, comfortably above an analyst consensus for a top line of about ...

  • Ginés Bernal Casteller
    Article

    C-suite interview: Casteller to expand in the U.S., domestically to return to pre-pandemic levels

    2022-05-25T11:20:00Z

    Casteller, the Spanish brand mainly known for its women’s shoes made with jute soles, aims to expand its presence in the U.S. as well as boost domestic sales to return to pre-pandemic levels. Despite recouping some of the revenues lost in 2020 because of the outbreak of the Covid-19 pandemic, ...

  • Walmart
    Article

    Walmart to launch drone deliveries in 6 U.S. states

    2022-05-24T16:36:00Z

    Walmart is expanding its drone delivery network to 34 sites by the end the year, providing the potential to reach 4 million U.S. households across six states – Arizona, Arkansas, Florida, Texas, Utah and Virginia. The service is done in partnership with DroneUp and will enable to deliver over 1 ...

  • footwear generic
    Article

    Global footwear prices are expected to rise significantly due to higher costs

    2022-05-23T08:56:00Z

    On average, global shoe prices will increase by 8.4 percent over the next six months, with a maximum rise of 9.8 percent forecast for Europe and a minimum surge of 5.7 percent expected in North America, according to a survey of experts published in the latest Business Condition Survey of ...

  • VF_Corp_Logo
    Article

    Vans posts no sales growth in Q4

    2022-05-22T15:13:00Z

    VF Corp reported a revenue increase of 9 percent to $2.8 billion (€2.65bn) in the fiscal fourth quarter ended April 2, although sales at Vans were flat during the period at $991 million (€938m). Group sales were boosted by a 15 percent increase in the EMEA region and 12 percent ...

  • Deckers
    Article

    Deckers’ FY revenues top $3 bn for first time, Hoka set to surpass $1 bn

    2022-05-22T14:51:00Z

    Net income rose by 106 percent to $68,819,000 from $33,458,000 for the three months ended March 31 as total revenues grew by 31 percent to $736.0 million from $561.2 million. Operating income rose to 11.0 percent from 10.1 percent. Deckers Brands’ gross margin declined to 48.7 percent from 53.2 percent, ...

  • Arezzo and Co
    Article

    Arezzo & Co posts best Q1 sales ever

    2022-05-20T08:15:00Z

    Arezzo & Co posted record sales for a first quarter, with gross revenues reaching 1,042 billion Brazilian reais (€200.7m), up by 64 percent from the previous year and by 125 percent compared with the first quarter of 2019. The Brazilian company achieved 28 percent of its gross revenues with franchisees, ...

  • Shoe-Carnival-Logo
    Article

    ​Shoe Carnival returns to a normal product sales split

    2022-05-19T15:32:00Z

    Shoe Carnival saw a return to retail normality in the fiscal first quarter, as the sales split moved back to the pre-pandemic division of 50 percent athletic and 50 percent non-athletic footwear. As expected, sales and earnings dipped in the three months ended April 30, as the U.S. retail chain’s ...

  • Shoe Zone logo
    Article

    Shoe Zone resumes dividend distribution after paying back Covid loan

    2022-05-19T07:52:00Z

    Shoe Zone reinstated dividend payments after having fully paid off the outstanding balance of 4.4 million pounds (€5.2m) of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The scheme was launched to during the Covid-19 pandemic to help medium and large sized businesses access loans and other kinds of finance ...

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    Article

    Global second hand footwear market seen reaching $43.1bn in 2032

    2022-05-16T07:36:00Z

    The global second hand footwear market is expected to grow by a compound average growth rate (CAGR) of 12.5 percent reaching a valuation of $43.1 billion by the end of 2032, according to Persistence Market Research. The market will be mainly driven by growing importance of the sustainability concept. But ...

  • Designer Brands store
    Article

    Designer Brands launches a new store format

    2022-05-16T07:36:00Z

    Designer Brands, the parent company of the footwear retailer DSW Designer Shoe Warehouse, has launched a new retail store format called “Warehouse Reimagined”. The new format is smaller, around 15,000 square feet rather than the typical 25,000 square feet of existing DSW stores, but Designer Brands’ chief executive officer, Roger ...

  • Stuart Weitzman
    Article

    Stuart Weitzman sales continue to recover

    2022-05-16T07:36:00Z

    Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, posted in the third quarter ended April 2 sales of $63.9 million, up by 11 percent on a reported basis and 10 percent at constant currency rates. Digital sales represented 20 percent of quarterly revenues. The group pointed out ...

  • Geox logo
    Article

    Geox confirms sales outlook despite Ukraine conflict

    2022-05-16T07:36:00Z

    Geox confirmed a full-year target for sales of over €700 million after posting strong and accelerating growth in the year to date, although it warned the target could be challenging should there not be a rapid resolution to the conflict in Ukraine and highlighted persistent pressures on margins due to ...

  • Yue Yuen
    Article

    Yue Yuen's profit dips on retail drag

    2022-05-15T13:45:00Z

    Yue Yuen Industrial reported a 10.8 percent drop in first-quarter net profit to $97.1 million compared to $108.4 million in the year-ago period ended March 31, as growing manufacturing capacity was overshadowed by weak sales at its Pou Sheng Intl. retail subsidiary due to the resurgence of Covid-19 in mainland ...

  • hotter_bgweb
    Article

    Hotter Shoes posts double-digit rise in Q1 sales but warns of ‘challenging’ year

    2022-05-15T08:28:00Z

    The British retailer Hotter Shoes reported a double-digit increase in first-quarter sales and maintained its annual guidance, but warned of challenging conditions for the rest of the fiscal year. Owned by Unbound Group, Hotter Shoes also reported an improvement in gross margin despite the macroeconomic backdrop of rising inflation, supply ...

  • tods-logo again
    Article

    Tod’s is confident about 2022 after posting positive Q1 results

    2022-05-13T06:00:00Z

    In the first quarter of 2022, Tod’s reported sales of €229.6 million, up by 23 percent year-over-year. At constant exchange rates, top line growth was 20 percent growth. The revenues of the Italian luxury goods manufacturer beat market expectations of €212 million and were above pre-pandemic levels. Among the group’s ...

  • WOLVERINE-WORLDWIDE-INC.1
    Article

    Wolverine Worldwide hires Boston Consulting for strategic review

    2022-05-12T12:21:00Z

    Wolverine Worldwide is maintaining its full-year outlook that calls for total FY22 revenues of $2.775 to $2.850 billion. This represents a 15 to 18 percent year-over-year increase with the DTC segment representing approximately 30 percent of global revenues and the international segment another 35 percent. Wolverine’s top three brands, Saucony, ...

  • Boot Barn
    Article

    ​Boot Barn targets $1.740 bn in sales in 2023 after a record 2022

    2022-05-11T14:02:00Z

    Boot Barn is forecasting $1.740 billion in sales for 2023, after a 66.6 percent growth to $1.488 billion in fiscal 2022. In the full year ended March 26, the California-based shoe retailer posted a better than expected growth in net sales that lead to a $575.1 million gross profit, 38.6 ...