Latest News Briefs – Page 189
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News briefs
Snipes, a subsidiary of Deichmann, recently opened its tenth French...
Snipes, a subsidiary of Deichmann, recently opened its tenth French store at the Parly 2 shopping center, in the suburbs of Paris. The retailer opened its first French store in the summer of 2018, at the Créteil Soleil shopping center, while the first store in the inner city area of ...
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Alibaba has launched an English-language website for its Tmall Global...
Alibaba has launched an English-language website for its Tmall Global marketplace aimed at merchants. Tmall Global, an extension of Tmall, hosts foreign brands that look to sell to Chinese consumers. The recent move is meant to double the number of international brands on the platform, from the current 20,000 to ...
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Asos is reportedly planning to cut around 100 jobs at...
Asos is reportedly planning to cut around 100 jobs at its London head office in Camden, many of them in the marketing department. The last set of interim results, which the online retailer released in March, showed a drop of 87 percent in its pre-tax profits. The company has been ...
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Schuh Mücke, the big German shoe and sporting goods retail...
Schuh Mücke, the big German shoe and sporting goods retail chain within the ANWR Group, has reported a decrease in sales of 6.5 percent to €97.2 million for 2018, as compared to the previous year. Sales increased by 6.7 percent in 2017 as compared to 2016. The sales figure for ...
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Obuv Rossii posted a 161.8 percent hike in net profit...
Obuv Rossii posted a 161.8 percent hike in net profit for the first quarter of 2019, as compared to the same period of the previous year. The Russian shoe retailing generated earnings of 217 million rubles (€3.02m-$3.39m) during the period, compared with 83 million rubles in the first quarter of ...
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Performing less well than in the recent past, Vulcabras reported...
Performing less well than in the recent past, Vulcabras reported an increase in net revenues of only 2.7 percent to 299.8 million Brazilian reais (€69.0m-$77.7m) in the first quarter of this year. With a minimal contribution from the company's new distribution contract for Under Armour in Brazil, sales of athletic ...
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Christian Louboutin U.K. registered a 4.8 percent drop in revenues...
Christian Louboutin U.K. registered a 4.8 percent drop in revenues to £50.2 million (€55.8m-$62.8m) for the year to Aug. 31, 2018, which the company attributed to the ongoing uncertainties about Brexit and the future of U.K.'s relations with the EU. Meanwhile, gross profit rose by 3.7 percent to £20.7 million ...
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Sergio Rossi, a former property of Kering that is currently...
Sergio Rossi, a former property of Kering that is currently owned by Investindustrial, is targeting sales of at least €70 million for this year, up by about 9 percent compared with 2018. The target was unveiled by the Italian shoe company's chief executive, Riccardo Sciutto, in an interview with MFFashion. ...
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P448 increased its revenues by 40 percent in 2018 to...
P448 increased its revenues by 40 percent in 2018 to €8 million as compared to the previous year. The Italian sneaker brand aims to continue raising its turnover from €12 million this year to €50 million by 2023. To achieve the goal, the company plans to open flagship stores, starting ...
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News briefs
The companies belonging to the Italian footwear cluster of the...
The companies belonging to the Italian footwear cluster of the Riviera del Brenta, near Venice, generated overall revenues of €2,087 million in 2018, contributing 20.7 percent of the overall turnover of the Italian shoe industry, according to the local trade association. The district has 553 companies, which employ more than ...
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The Austrian shoe market decreased by 2.5 percent to €1.3...
The Austrian shoe market decreased by 2.5 percent to €1.3 billion in 2018, as compared to the previous year. According to RegioData, which analyses the Austrian shoe market every year, people living in or visiting Austria spend about €1.6 billion for shoes per year. Online retail sales of shoes are ...
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News briefs
In 2021, online advertising will represent for the first time...
In 2021, online advertising will represent for the first time in history more than half of total ad spending. According to Zenith's Advertising Expenditure Forecasts, web advertising will account for 52 percent of global ad spending, as compared to 44 percent in 2018 and a projected 47 percent in 2019. ...
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News briefs
Diadora, which posted a 6.5 percent sales increase to €168...
Diadora, which posted a 6.5 percent sales increase to €168 million in 2018, is still doing well in 2019, according to a report by fashionmagazine.it and the statements of the brand's president, Enrico Moretti Polegato. The e-commerce share jumped by 65 percent last year and accounted for 6 percent of ...
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The world's rugged outdoor footwear market rose by 6.8 percent...
The world's rugged outdoor footwear market rose by 6.8 percent to €5.15 billion in 2018 in terms of dollars, according to an annual survey of key vendors conducted by the Outdoor Industry Compass in collaboration with Sporting Goods Intelligence. It rose by an estimated 6.1 percent in the U.S. and ...
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The family-owned Kienast Group has won a bidding race for...
The family-owned Kienast Group has won a bidding race for a strategic investment in the insolvent Schuhpark Fascies chain of shoe shops in Germany. On June 30, the district court of Münster repealed the chain's bankruptcy proceeding, and the creditors of Schuhpark Fascies have now approved the investment from Kienast. As part of ...
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Andrea Tomat, president of Lotto Sport Italia and Stonefly, has...
Andrea Tomat, president of Lotto Sport Italia and Stonefly, has settled a legal dispute with Gianni Lorenzato, a former shareholder and vice president of Lotto. Lorenzato has agreed to sell his remaining stake of 24 percent in a holding company, NexTB, to Tomat on undisclosed terms. Tomat will thus be ...
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Gucci has added an Augment Reality (AR) tool to its...
Gucci has added an Augment Reality (AR) tool to its app in partnership with a technology firm, Wannaby, allowing customers to virtually try on its Ace sneakers. Through the tool, Gucci can showcase its latest models before it introduces them in a collection, based on the response of the potential ...
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Balmain has launched its first collection of leather sneakers. The...
Balmain has launched its first collection of leather sneakers. The Paris-based fashion house, which is controlled by Mayhoola for Investments, believes that the entry into the new market will lead to a double-digit growth in 2019, after increasing its turnover from €136 million in 2016 to €180-185 million in 2018. ...
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According to Textilwirtschaft, Buffalo – the German footwear brand acquired by...
According to Textilwirtschaft, Buffalo – the German footwear brand acquired by Deichmann in October 2016 – will now be focusing exclusively on its wholesale and e-commerce business and has recently closed down its mono-brand stores in Düsseldorf, Cologne and Berlin. The company has also decided to halve its collections of the ...
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Kangaroos is launching a limited collection of sneakers together with...
Kangaroos is launching a limited collection of sneakers together with Sneakerholics, a German-speaking Facebook group with almost 30,000 members. The “Sneakerholics x KangaROOS Coil R1 Bubblegum” shoe model is limited to 360 pairs globally, to be sold from June 8. Kangaroos has also launched a new shoe collection made in ...
