News Briefs – Page 13
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News briefs
In the U.K., Schoon also has turned around, says Drapers,...
In the U.K., Schoon also has turned around, says Drapers, quoting Mark Pinnock, managing director of the British shoe retailer, who took it over after it went through bankruptcy-like proceedings a year ago. The company is now making a small profit on slightly higher sales, Drapers says, adding that it ...
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With drops of 6.2 percent in volume and 6.4 percent...
With drops of 6.2 percent in volume and 6.4 percent in value from the same month a year ago, shoes and clothing registered their largest decline since September 2014 at U.K. stores during the month March, according to the British Retail Consortium.
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Despite a record December for retail sales in general, sales...
Despite a record December for retail sales in general, sales of shoes dropped by 8.1 percent in Sweden when compared to the same month of the previous year, according to the HUI market research institute. The decline in sales was largely due unusually warm weather in December. In January the ...
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The Inditex group, which owns Zara, Massimo Dutti and other...
The Inditex group, which owns Zara, Massimo Dutti and other fast-fashion chains, reports that Tempe, the subsidiary that takes care of development, sourcing and distribution of all the shoes and accessories sold in the group's 6,000-plus stores around the world, raised its turnover last year by 15.9 percent to €1.12 ...
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Fratelli Rossetti's sales grew by 4 percent to €72 million...
Fratelli Rossetti's sales grew by 4 percent to €72 million in 2015. The positive performance was mostly driven by the Italian market, which accounted for around 50 percent of the total turnover, as well as excellent results for e-commerce, with sales on the e-shop up by 70 percent. All sales ...
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News briefs
The weakening value of the euro, the terrorist attacks in...
The weakening value of the euro, the terrorist attacks in Paris and the slowdown of the Chinese economy did not prevent Hermès International from posting a 19 percent increase in operating earnings for 2015, raising the operating margin to 31.8 percent from 31.5 percent in 2014. Net earnings rose by ...
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Bain & Co.'s annual study of the personal luxury goods...
Bain Co.'s annual study of the personal luxury goods market is expected to indicate a further slowdown this year, with growth of only around one percent at constant exchange rates, down from an increase of 1.5 percent in 2015, according to a Reuters report. Growth rates should pick ...
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German shoe retailers booked a 3 percent sales increase in...
German shoe retailers booked a 3 percent sales increase in February as compared to the same month a year ago, when their sales had plunged by 7 percent year-on-year. For the first two months of this year, sales were up by around one percent. They had declined by 5 percent ...
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India's exports of leather shoes declined by 7.31 percent to...
India's exports of leather shoes declined by 7.31 percent to the equivalent of $1,599 million in the nine months ended Dec. 31, according to the Indian Council for Leather Exports. Total sales of leather and leather products went down by 10.68 percent to $4,457 million, with declines of 22.53 percent ...
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Alibaba is likely to overtake Walmart as the world's largest...
Alibaba is likely to overtake Walmart as the world's largest retail platform in its fiscal year ended March 31. The Chinese e-commerce giant indicated that it had reached 3 trillion yuan renminbi (€412bn-$462bn) in gross merchandise value (GMV) as of March 21. The figure, achieved on the back of consumption-driven ...
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Pegasus International posted $4.4 million in net losses for its...
Pegasus International posted $4.4 million in net losses for its fiscal year, ended Dec. 31, marking a dramatic plunge from a net profit of $184,000 in 2014 due to a $5.4 million loss on exchange rate differences. Sales contracted by 3.7 percent to $74.7 million, as low double-digit declines in ...
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Prada's revenues for the full year ended Jan. 31 fell...
Prada's revenues for the full year ended Jan. 31 fell slightly to €3,545 million euros from €3,552 million the previous year despite the group's efforts to bolster its retail network. Wholesale revenues dropped by €88 million to €444 million, as the group pursued efforts to prune the channel, and retail ...
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Esprit Holdings reported a net loss of HK$238 million (€27.9m-$30.7m)...
Esprit Holdings reported a net loss of HK$238 million (€27.9m-$30.7m) for the six months ended in December, as compared to a profit of HK$47 million (€5.5m-$6.1m) a year earlier. The performance of the clothing retailer was affected by a weak euro and a slowdown in China. Sales were down to ...
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Heavy discounts granted to Russian clients have led to a...
Heavy discounts granted to Russian clients have led to a drop in the profitability of the Aeffe group, whose sales declined last year by 7 percent to €268.8 million, as previously reported. The consolidated operating margin before amortization (Ebitda) fell to 7.2 percent of sales from 10.2 percent in the ...
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Truworths, the South African fashion retailer that took over the...
Truworths, the South African fashion retailer that took over the British Office chain of shoe shops a few weeks ago, posted strong half-year figures on Feb.18, with a 21 percent rise in profit for the 26 weeks ending on Dec. 27, 2015. The company said this performance was driven by ...
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Basicnet, parent company of Kappa, Robe di Kappa, K-Way, Superga...
Basicnet, parent company of Kappa, Robe di Kappa, K-Way, Superga and other brands reported a 17.2 percent increase in its aggregated revenues to €731 million in 2015, according to preliminary figures. The strong increase was partly related to the weakness of the euro, which also boosted the company's pre-tax earnings ...
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El Naturalista recorded a sales increase of 8 percent to...
El Naturalista recorded a sales increase of 8 percent to €30 million in 2015, as compared to the previous year. For 2016, the Spanish shoe brand expects its sales to increase by another 10-12 percent. After setting up its own subsidiary in the U.S. two years ago, El Naturlista achieved ...
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Waldläufer, which is coming out with a new nature-oriented logo,...
Waldläufer, which is coming out with a new nature-oriented logo, reported a sales decrease of 3 percent to €85 million in 2015, as compared to the previous year. The decline was mostly due to the brand's nearly total absence from the Russian market, which previously accounted for 2 percent of ...
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Coach has reported a 4 percent sales increase to $1.27...
Coach has reported a 4 percent sales increase to $1.27 billion in the second quarter ended Dec. 31, attributing the progress in part to an above-average increase at Stuart Weitzman, a label that the company bought at the beginning of 2015. In spite of warm weather conditions, its boots sold ...
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Revenues from footwear and leathergoods increased by 11.4 percent to...
Revenues from footwear and leathergoods increased by 11.4 percent to €95.5 million in 2015 at Aeffe, the parent company of Pollini and other brands. According to preliminary figures, the group's total revenues went up by 7 percent to €268.8 million, up by 5.1 percent in local currencies. Sales increased by ...
