Latest Headlines – Page 2
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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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.
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ArticleFerragamo cautious about the short-term
Salvatore Ferragamo posted a loss in 2024 and expressed caution about short-term developments. ”Considering the uncertainties over demand by luxury consumers, we remain cautious on short-term expectations,” the Italian fashion house said when releasing its final full-year results. Ferragamo had already released its sales figures on Jan. 30. In 2024, ...
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ArticleZalando sees GMV, revenues up 4-9% in 2025
Zalando expects gross merchandise volume (GMV) and revenues to grow by between 4 percent and 9 percent this year, driven by the successful execution of its ecosystem strategy across both business-to-consumer (B2C) and business-to-business (B2B) growth vectors. In 2024, the German online fashion retailer posted a GMV of €15.296 billion, ...
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ArticleGerman footwear retailers struggle as sales plummet
Separate surveys painted a mixed picture of the health of the footwear sector in Germany, as the industry faces global shifts amid continued economic and geopolitical uncertainty, bureaucratic and regulatory hurdles and the growing competition from Asian e-commerce platforms. A recent survey by Germany’s textile, shoes and leather goods trade ...
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ArticleWeyco’s sales steady in Q4
The sales of Weyco Group steadied in the fourth quarter of 2024, with sales of $80.5 million, flat compared to the $80.6 million seen the year earlier after declines in the previous three quarters. Timid growth in both its wholesale and retail businesses in North America was offset by a ...
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ArticleC-Suite interview: Piccadilly celebrates 70 years with good growth prospects
Piccadilly is one of the oldest shoe companies in Brazil. Founded in 1955 by Almiro Grings, it started with an initial production of 12 pairs of shoes a day. Today it exports to 100 countries around the world and has a turnover of approximately 600 million Brazilian reais ($120 million). ...
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ArticlePrada’s full-year sales rise 15%
In 2024, Prada Group’s net revenues rose by 15 percent year-on-year to €5,432 million. At constant exchange rates, top-line revenue grew by 17 percent, driven by a near doubling in Miu Miu’s sales. Retail sales were also up by 16 percent at actual exchange rates and by 18 percent at ...
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ArticleGrendene’s Q4 sales rise 13% as exports grow
Grendene reported gross revenues in the fourth quarter of 2024 of 1,043.5 million reias (€170.9m), up by 12.9 percent compared to the year earlier and led by a surge in sales on foreign markets despite a host of challenges including global economic and political uncertainty, shipment delays, growing signs of ...
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ArticleExtra US tariffs on Chinese imports create ‘really challenging environment’ - FDRA
The announcement by the US President, Donald Trump, of the introduction of an additional 10 percent tariff on Chinese imports from March 4 would create a “really challenging environment” for US importers fo Chinese footwear, according to Matt Priest, the President and CEO of the trade association Footwear Distributors and ...
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ArticleMoreschi receives offers to take over its assets
Moreschi, an Italian producer of upscale shoes that was put into liquidation in July 2024, has received several offers for its assets. “We had already received several expressions of interest, the last of which took the form of an offer to acquire the Moreschi and Stemar brands, the 18,000-meter factory ...
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ArticleSteve Madden sees double-digit sales growth from Kurt Geiger acquisition amid ‘meaningful headwinds’
Steve Madden anticipates that sales will increase this year by 17-19 percent, as its top line is boosted by the recently announced acquisition of Kurt Geiger. Excluding the British company, for which Steve Madden anticipates deal closing on May 1, sales are seen rising by a low-single-digit percentage. “We are ...
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ArticleRocky Brands cautiously optimistic after better-than-expected Q4
Rocky Brands is cautiously optimistic about the prospects for 2025 after posting better-than-expected sales in the fourth quarter of 2024 and seeing continued momentum at the start of 2025. Sales in the fourth quarter ended Dec. 31 increased by 1.7 percent to $128.1 million versus the year earlier, with growth ...
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ArticleMicam’s attendance remains above 40,000
The trade shows Micam Milano, Milano Fashion&Jewels, Mipel and The One Milano attracted 40,449 visitors, 55 percent of whom came from Italy and the remaining 45 percent from 127 countries, including Japan, China, France, Spain, Germany, Greece and Turkey. The attendance was roughly in line with the previous edition. In ...
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ArticleItalian footwear manufacturers’ revenues drop by 9.4% in 2024
In 2024, revenues of Italian manufacturers totaled €13.2 billion, down by 9.4 percent compared to the year earlier, according to a survey carried out in January by Confindustria Accessori Moda among members of the Italian footwear association Assocalzaturifici. The decline is in line with a previous estimate released in January. ...
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ArticleGörtz announces layoffs as its insolvency crisis deepens
The German shoe retailer Görtz continues to navigate dire straits as it grapples with insolvency issues across multiple fronts. Görtz Retail GmbH announced the layoff of 93 employees, after the Federal Employment Agency rejected the retailer’s application for pre-financing of insolvency benefits, affecting approximately 400 workers. The layoffs ...
