News Briefs
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News briefs
March shoe and clothing retail sales down 38.9% in Eurozone
Retail sales of clothing and footwear fell by 38.9 percent year-on-year in March across the Eurozone, according to the statistics office Eurostat, due to the widespread retail lockdowns across the region. The drop in total eurozone retail sales amounted to 11.2 percent, including a decline of 23.1 percent in the ...
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News briefs
Bangladeshi leather exports fall
Exports of Bangladesh’s leather sector fell by 9 percent to $631.9 million in the first eight months of the country’s financial year, ended in February 2020, as leather footwear exports decreased by 11.2 percent to $376.6 million. Exports of finished leather fell by 27.9 percent to $84.2 million, while leathergoods ...
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News briefs
Brazilian footwear exports fall
In January, Brazilian footwear exports fell by 16.1 percent in volume to 12.5 million pairs and by 7.3 percent in value to $91.5 million, largely due to political instability in Latin America. Haroldo Ferreira , president of the Brazil’s footwear industry, Abicalçados , said that Brazilian manufacturers may have also ...
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News briefs
Vietnam will likely meet its export target
The Vietnam Leather and Footwear Association (Lefaso) announced in early February that the domestic footwear industry was likely to reach its export target of $24 billion this year, as a result of the U.S.-China trade war and the related shift in sourcing. According to reports in Vietnam Plus , Lefaso ...
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News briefs
The Dune Group recorded a string of negative results in...
The Dune Group recorded a string of negative results in the last financial year, according to data that have recently been made public. The British shoe retailer saw a decrease in its turnover to £143.89 million (€168.21m-$185.26) in the 12 months ended last January, as compared to £149.92 million a ...
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News briefs
Relaxo Footwear, an Indian group that sells shoes under the...
Relaxo Footwear, an Indian group that sells shoes under the Sparx, Flite and Bahamas brands, said that its net profit rose by 77 percent to 710 million rupees (€9.02m-$9.99m) in the fiscal second quarter ended on Sept. 30 as revenues grew by 13 percent to 6,230 million rupees (€79.14m-$87.66m).
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News briefs
Rocky Brands raised its sales by 2 percent to $67.2...
Rocky Brands raised its sales by 2 percent to $67.2 million in the third quarter, ended on Sept. 30. The company's retail sales jumped by 21.8 percent to $14.5 million. Wholesale revenues saw more moderate growth of 0.4 percent, reaching $47.2 million. In the military segment, sales decreased from $7 ...
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News briefs
Aeffe's revenues from footwear and leathergoods rose by 9.1 percent...
Aeffe s revenues from footwear and leathergoods rose by 9.1 percent to €96.7 million in the first nine months of 2019, driven by the Moschino brand, while the division s adjusted Ebitda margin narrowed to 12.1 percent from 12.5 percent a year earlier. The Italian fashion group, which owns Pollini ...
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News briefs
Kurt Geiger registered a sales increase of 3.1 percent to...
Kurt Geiger registered a sales increase of 3.1 percent to £334.6 million (€389.9m-$429.5m) for the year to Jan. 26, despite a £4.1 million (€4.8m-$5.3m) hit from the collapse of the House of Fraser, where Kurt Geiger stocked shoes. Digital sales were up by 14.4 percent versus 2018. Handbags were the ...
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News briefs
Manolo Blahnik posted revenues of €34.4 million in the fiscal...
Manolo Blahnik posted revenues of €34.4 million in the fiscal year ended in December 2018, down by 1 percent from 2017. Meanwhile, profit before tax dropped to €6.6 million, down by 18.5 percent from the previous year. The decline was attributed to investments in retail, wholesale and online as part ...
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News briefs
Shipments of Brazilian shoes increased by 5.6 percent in volume...
Shipments of Brazilian shoes increased by 5.6 percent in volume and by 2.6 percent in value in the first nine months of 2019 as compared to the same period in 2018. According to data from the Brazilian Footwear Industries Association (Abicalçados), Brazilian footwear companies exported 83.3 million pairs worth $718.1 ...
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News briefs
According to a recent study by the Federal Association of...
According to a recent study by the Federal Association of E-Commerce and Mail Order Germany (BEVH), online footwear sales in the German market amounted to €1.02 billion in the third quarter of 2019, growing by 7 percent from the same period of the previous year. Meanwhile, online sales of apparel ...
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News briefs
Italy has overtaken China as the largest importer of U.S....
Italy has overtaken China as the largest importer of U.S. leather. According to a new report by IndexBox, entitled “US Leather and Hide Market. Analysis and Forecast to 2025,” Italy imported 56,000 tons of leather from the U.S. in 2018, followed by China at 50,000 tons and Vietnam at 30,000 ...
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News briefs
Hermès International reported a 6.8 percent increase in net earnings...
Hermès International reported a 6.8 percent increase in net earnings to €754 million for the first half of this year. The operating margin went up to 34.9 percent from 34.8 percent. As previously reported, the luxury group's turnover rose by 12 percent to €3.28 billion during the period.
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News briefs
At its annual order show in Heilbronn, Sabu, the German...
At its annual order show in Heilbronn, Sabu, the German voluntary group of independent shoe retailers, generated a satisfactory profit despite a slight decrease in revenues due to weak orders of spring/summer 2019 products and reorders. Revenues decreased from €317.8 million in 2017 to €318 million in 2018. For 2019, ...
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News briefs
LVMH reported a very strong 21 percent increase during the...
LVMH reported a very strong 21 percent increase during the first half of this year in the revenues of its fashion and leathergoods division to €10.42 billion, driven by Louis Vuitton, Christian Dior and Loewe, among other brands. On an organic basis, the growth rate was limited to a still ...
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News briefs
Aeffe's revenues from footwear and leathergoods rose by 4.4 percent...
Aeffe's revenues from footwear and leathergoods rose by 4.4 percent to €60.7 million in the first half, while the division's adjusted Ebitda margin narrowed to 9.9 percent from 11.4 percent a year earlier. The margin shrank because of higher advertising and promotional expenses as well as an increase in staffing ...
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News briefs
Obuv Rossii posted revenues of $85 million for the first...
Obuv Rossii posted revenues of $85 million for the first half of this year, 20 percent above the level of the comparable 2018 period. The Russian retailer attributes the growth in part to the opening of new stores, especially in small towns. Indeed, Obuv Rossii opened 110 new stores during ...
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News briefs
Major Russian shoe retailers reportedly said that the demand for...
Major Russian shoe retailers reportedly said that the demand for summer footwear slumped in July due to an unprecedented cold summer in the European part of the country, which instead pushed up sales of closed shoes such as sneakers and regular and rain boots.
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News briefs
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 ...
