News Briefs – Page 10
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News briefs
Yue Yuen reports an increase of 0.6 percent to $8.48...
Yue Yuen reports an increase of 0.6 percent to $8.48 billion. At the company's distribution and retail subsidiary, Pou Sheng, revenues went up by 6.4 percent to $2.45 billion, indicating a decline in the manufacturing sector.
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News briefs
Golden Goose, the prestigious ten-year-old Italian brand of sneakers and...
Golden Goose, the prestigious ten-year-old Italian brand of sneakers and lifestyle apparel, reports a 29.5 percent increase in its turnover to €100.5 million in 2016, announcing a target of €140 million for this year. It claims an Ebitda ratio of 30 percent. The brand showed at this week's Pitti Uomo ...
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News briefs
German shoe retailers suffered a 2.4 percent drop in their...
German shoe retailers suffered a 2.4 percent drop in their sales in 2016, according to the European Clearing Center (Erix), which gets data from shoe retailers that operate 4,724 stores in the country. Last year's decline came after a small increase of 1.5 percent in 2014, followed by a drop ...
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News briefs
Based on preliminary customs data, Vietnam's shoe exports rose by...
Based on preliminary customs data, Vietnam's shoe exports rose by only 8 percent in 2015, or two percentage points less than previously expected by the government and by the country's shoe industry association, Lefaso. Shoe exports reached a level of about $12.3 billion, below the target of $17 billion. Small ...
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News briefs
Brazilian shoe exports increased by 1.7 percent in volume and...
Brazilian shoe exports increased by 1.7 percent in volume and by 4 percent in value in the 12 months through December 2016, reaching a level of 126 million pairs worth US$999 million. Helped by the depreciation of the Brazilian real, the industry's performance in foreign markets has been improving since ...
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News briefs
Russell & Bromley saw its revenues drop by 4.9 percent...
Russell Bromley saw its revenues drop by 4.9 percent to £5.9 million (€6.99m-$7.29m) for the year ended Dec. 31, 2015. Profit after tax fell by 12.5 percent to £16.6 million (€19.7m-$20.5m). The negative performance was attributed to competition and economic uncertainty. The British brand, which is still run ...
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News briefs
Independent shoe retailers are losing market share in a declining...
Independent shoe retailers are losing market share in a declining footwear market in France, according to a market research institute, Xerfi. Their sales fell by an estimated 6.5 percent in the past year, but the rate of the decline should be limited at 3 percent in 2017 before rising by ...
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News briefs
Sending out a new signal that they may be turning...
Sending out a new signal that they may be turning around after several years of declines, Brazil's shoe exports continued to improve in November, rising by 12 percent in volume and by 12.7 percent in value as compared to the same month of 2015. With this new monthly sales increase, ...
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News briefs
Yet another indication of an apparent turnaround in the Russia...
Yet another indication of an apparent turnaround in the Russia market is coming from Germany. According to the HDS/L, the German shoe and leathergoods industry association, German suppliers recorded an increase of 19.4 percent for their sales of shoes to Russia in the first nine months of 2016, as compared ...
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News briefs
In the framework of a “Big chance for small feet”...
In the framework of a “Big chance for small feet” campaign launched by Elefanten, which is now a private brand of the Deichmann group, and the Dietrich Grönemeyer Foundation, 3,000 children's feet were measured in 30 cities in Germany. The study showed that 55 percent of all participating children aged ...
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News briefs
The growth of the Zalando clones in emerging markets is...
The growth of the Zalando clones in emerging markets is slowing down, but their losses are declining. Citing macroeconomic problems in Latin America, the Middle East and Russia, the Global Fashion Group (GFG) said its revenues rose by only 16 percent in constant currencies during the third quarter, reaching €250 ...
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News briefs
Dune Group's shift from a “pull” model for its international...
Dune Group's shift from a “pull” model for its international sales and merchandising activities to a “push” model led to a 1.7 percent drop in operating profit to £6.6 million (€7.8m-$8.4m) for the financial year ended last January, according to Drapers. The magazine quoted Dune's executive chairman, Daniel Rubin, as ...
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News briefs
Stuart Weitzman experienced a marginal sales increase to $88 million...
Stuart Weitzman experienced a marginal sales increase to $88 million in the first quarter ended Oct. 1 from $87 million in the year-ago period, due to a change in the timing of wholesale deliveries The gross margin generated by the brand went up to 58.4 percent from 56.8 percent, but ...
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News briefs
Phoenix Footwear saw its sales decline by 1.0 percent to...
Phoenix Footwear saw its sales decline by 1.0 percent to $5.77 million in the third quarter ended Oct. 1, bringing the accumulated decline in the first nine months of the year to 6.3 percent. The decrease during the quarter was primarily attributed to lower sales in the catalog, online and ...
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News briefs
Retail sales inched up by 0.6 percent in the U.K....
Retail sales inched up by 0.6 percent in the U.K. during the month of November on a same-store basis, with men's shoes and other categories performing particularly well because of the cold weather, according to several sources. Sales of non-food products generally were up by 1.7 percent between September and ...
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News briefs
Click-and-collect sales in the U.K. are expected to grow by...
Click-and-collect sales in the U.K. are expected to grow by 64 percent over the next five years, driven by clothing and footwear, new research has shown. According to Verdict Retail, click-and-collect spending on clothes and footwear will grow to 85 percent of all click-and-collect purchases in the country over the ...
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News briefs
The Dutch shoe market seems to be recovering. According to...
The Dutch shoe market seems to be recovering. According to GfK, retail sales of footwear grew by 4.4 percent in the Netherlands during the second quarter of this year, with increases of 3.5 percent for women's shoes, 4.9 percent for men's shoes and 7.2 percent for children's shoes.
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News briefs
Kurt Geiger posted a 10 percent sales increase to £281.6...
Kurt Geiger posted a 10 percent sales increase to £281.6 million (€313.1m-$343.1m) for the year ended Dec. 31, 2015. The operating profit for the year jumped by 50 percent to £22.3 million (€24.8m-$27.2m), while the Ebitda doubled, reaching £20.4 million (€22.7m-$24.9m). These are the first results posted by the British ...
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News briefs
René Caovilla, the Italian shoe brand, expects to post double-digit...
René Caovilla, the Italian shoe brand, expects to post double-digit sales growth for 2016, according to reports in Milano Finanza (MFF). Sales grew by 20 percent to €40 million in 2015. The brand plans to open new boutiques in Miami, New York, Dubai and China next year while also expanding ...
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News briefs
Argentina's footwear imports increased by 24 percent in the first...
Argentina's footwear imports increased by 24 percent in the first eight months of 2016, according to data from CIC, the country's main footwear industry association. According to CIC's preliminary estimates, shoe production in the country for the first ten months of 2016 will show a downturn of between 10 million ...
