Latest Headlines – Page 14
-
ArticleCaleres sees sales continuing to fall in Q1 amid consumer headwinds, retailer caution
Caleres expects sales in the first quarter of fiscal year 2025 to fall by 5-6 percent compared to the year earlier, a result encompassing the “very challenging business” it saw in February and an improvement in the first three weeks of March. Earnings per diluted share for the quarter are ...
-
ArticleShoe Carnival ramps up Shoe Station rebannering plans
Shoe Carnival announced plans to convert some 175 stores to its higher-priced Shoe Station banner in the next 24 months, in an aggressive rebannering strategy that will see Shoe Station grow to represent a majority of its store fleet and is expected to give a significant mid-term boost to both ...
-
ArticleForever 21’s US operating company files for bankruptcy
Forever 21’s US operating company filed for bankruptcy about five years after exiting its last Chapter 11 proceedings due to fierce competition from other fast-fashion retailers such as Shein and Temu. F21 OpCo, the operator of Forever 21 stores and licensee of the brand in the US, entered into a ...
-
ArticleHow Gardabags aims to become the largest trade fair for mass-market bags
Expo Riva Schuh & Gardabags, the Italian trade show specializing in footwear, bags and accessories held twice a year in the town of Riva del Garda, has established itself as a leading international event for mass-market footwear. It now wants to become the world’s leading event for low to mid-tier ...
-
ArticleAustria loses 13% of its shoe stores as footwear retail crisis deepens
A steady wave of store closures continues to hit the Austrian footwear retail sector as brick-and-mortar sales further drop and the shoe industry gradually shifts toward online retail, with a recovery still not in sight, a survey from the market research company RegioData showed. The sector has been struggling for ...
-
ArticleLudwig Reiter closes historic company headquarters in Vienna
Ludwig Reiter is closing its former headquarters in Vienna’s historic Dreimäderlhaus. After almost 30 years, the Austrian shoe manufacturer will leave the building at Schreyvogelgasse 10 in the Austrian capital’s city center at the end of the month. Built in the late 18th or early 19th century, the two-story townhouse ...
-
ArticleSkechers sees signs of stabilization in China, caution in US
Skechers has seen signs of stabilization in its business in China although it expects there will continue to be near-term headwinds in the market, which it sees representing a significant long-term growth opportunity. “China is performing basically in line with our expectations, which I think, from a positive perspective, would ...
-
ArticleGeox sees growth accelerating over the course of five-year industrial plan
Geox expects growth in sales and profits to accelerate over the course of a new five-year industrial plan, as the Italian footwear company moves from an initial phase focused on improving operating efficiency to one characterized by bolstering its presence on key markets and a new push for international expansion. ...
-
ArticleAllbirds banking on new assortments, initiatives to fly high again in late 2025
Allbirds believes new product assortments in the fall will bolster its fortunes and topline starting in the fourth quarter of 2025 after a transitional year in 2024. The San Francisco-based group reduced its fourth-quarter operating loss by 55 percent to a loss of $25.8 million from a loss of $57.6 ...
-
ArticleGolden Goose’s sales accelerate in Q4
In 2024, Golden Goose’s net revenues rose by 13 percent at constant exchange rates to €654.6 million. In the sole fourth quarter, the top line was up by 14 percent to €188.6 million. Full-year direct-to-consumer (DTC) net revenues reached €503.6 million, accounting for 77 percent of total turnover and growing ...
-
ArticleAzzas 2154’s footwear sales growth accelerates as DTC shines and franchise sales recover
The footwear and accessories business of the Brazilian footwear and apparel group Azzas 2154 reported gross revenues of 1,332.7 million reais (€210.0m) in the fourth quarter of 2024, up by 4.5 percent compared to the year earlier and accelerating from the 3.2 percent growth seen in the previous quarter, as ...
-
ArticleBoohoo to rebrand as Debenhams in bid to arrest sales slump
Boohoo is rebranding as Debenhams Group as part of new Chief Executive Dan Finley’s plans to turn around the fortunes of the British online fast fashion amid an ongoing tough trading environment. Boohoo said Debenhams, which it bought out of administration after its collapse in 2021, was now growing rapidly ...
-
ArticleInditex’s sales slow down in the opening weeks of fiscal 2025
Inditex’s sales in the full year ending Feb.1 grew by 7.5 percent to reach €38.6 billion, thanks to “very satisfactory development both in stores and online.” Sales in constant currency grew by 10.5 percent. But, sales growth slowed down in the opening weeks of the new fiscal year. In fiscal ...
-
ArticleYue Yuen reports improved FY results on manufacturing rebound
Yue Yuen posted a 47 percent increase in 2024 Ebit to $572.1 million versus $390.2 million in 2023. Net profit attributable to owners of the Chinese group rose by 43 percent to $392.4 million from $274.7 million. Annual operating costs contracted by 4.9 percent or $75.1 million. Annual revenues grew ...
-
ArticleGenesco sees steady sales as store closures, remodels continue to be a focus
Genesco expects sales in fiscal year 2026 to be flat to up 1 percent compared to the $2,325 million it reported in fiscal year 2025, as it continues with plans to close underperforming stores and remodel a sizeable portion of its fleet of Journeys stores amid that banner’s accelerating turnaround. ...
-
ArticleTecnica Group’s FY sales slip, Lowa outperforms
Tecnica Group, an Italian manufacturer of outdoor footwear and winter sports equipment, reported full-year revenues of €517 million, reflecting a 4 percent year-over-year decline, but saw a recovery in the fourth quarter. Adjusted Ebitda stood at €79 million, down 13.5 percent from 2023, while net profit remained steady at €25.2 ...
-
ArticleCoats upgrades targets as footwear sales, earnings stride ahead
Coats upgraded its medium-term targets as it reported a jump in annual earnings, driven by its footwear and apparel divisions. The pre-tax profit of the British industrial thread and shoe component maker jumped to $172.1 million from $155.8 million a year earlier. Operating profit increased to almost $200 million from ...
-
ArticleHow a dropshipper enables foreign footwear companies to enter the US market
“The US is a big retail machine that will continue expanding thanks to population growth. It’s possible for a fresh brand from Europe to enter the US,” explains Joseph (Joe) Trybulec, the owner of Trybulec Enterprises, which enables brands to work with leading e-commerce platforms in the US. “The US ...
-
ArticleGeox’s sales fall nearly 8% in 2024
In 2024, Geox’s sales fell by 7.8 percent to €663.8 million, driven lower by the wholesale business and store closures. At constant exchange rates, the top line was down by 7.1 percent. In the fourth quarter alone, group sales rose by a reported 0.5 percent to €138 million. For the ...
-
ArticleA way out of the trade dispute: Is Cambodia the new Vietnam of the footwear industry?
With the current trade dispute between China and the US, the disturbance shows no signs of abating any time soon.
