News Briefs – Page 14
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News briefs
Analysts started to notice the first price increases in the...
Analysts started to notice the first price increases in the Swedish shoe retail sector toward the end of last year. Sales of footwear in Sweden dropped by 4.1 percent in October compared to the same period the previous year, according to HUI Research. They fared slightly better in November, but ...
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GMS, the young German-based buying group for independent shoe retailers,...
GMS, the young German-based buying group for independent shoe retailers, reports a 15 percent increase to €275 million in centralized settlements in 2015, with a boost of more than €30 million from the affiliation of additional retailers. The retail members themselves raised their own sales by 2 percent during the ...
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According to preliminary results, Steve Madden booked sales of $1.4...
According to preliminary results, Steve Madden booked sales of $1.4 billion in 2015, up by 5.3 percent from the previous year. Wholesale revenues went up by 3.3 percent to $1.2 billion, while retail sales jumped by 15.9 percent to $240.3 million, with a same-store increase of 11.2 percent. A challenging ...
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News briefs
Bangladesh came short of the objectives set up by its...
Bangladesh came short of the objectives set up by its Export Promotion Bureau for exports of leather and leather products for the six months ended last Dec. 31, according to World Footwear. This was probably due in part to the recent decline in leather prices. Total exports of these products ...
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In a preliminary report, Yue Yuen Industrial Holdings, the world's...
In a preliminary report, Yue Yuen Industrial Holdings, the world's largest shoe manufacturer, indicates that its total net operating revenues increased by five percent to $8,437 million for the full year, but they were up by only one percent in December. The slowdown was probably due to a large extent ...
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News briefs
Issuing its second profit warning in three months, Pittards, the...
Issuing its second profit warning in three months, Pittards, the U.K.-based leather producer, said it will make a reasonable profit for this year, but it will be materially below forecasts, due to the slowdown in China and Russia. These two factors are apparently offsetting the impact on margins from lower ...
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In the U.K. the GfK consumer confidence Index was positive...
In the U.K. the GfK consumer confidence Index was positive every month of the year in 2015. Consumer confidence remained strong for all of 2015, with a monthly average at +3. In December the index rose one point to +2. It is the first time since the Consumer Confidence Barometer ...
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Norwegian shoe retailers saw their sales increase by 2.3 percent...
Norwegian shoe retailers saw their sales increase by 2.3 percent in the first nine months of this year. Meanwhile, the country s total shoe imports grew by 18.8 percent during the same period, reaching a level of 4,124 million kroner (€432m-$475m). They were led by China, Vietnam, Italy and Portugal, ...
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China's exports of footwear declined by 4.8 percent to 298.8...
China's exports of footwear declined by 4.8 percent to 298.8 billion yuan renmimbi (€41,973.9m-$46,048.6m) during the first 11 months of 2015, according to latest trade figures from China's customs administration. Lower leather prices and the declining Russian market could be two important factors. Contrasting figures have come from China lately. ...
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News briefs
Christian Louboutin is one of the top performing brands in...
Christian Louboutin is one of the top performing brands in social media in the U.S., according to a recent study by Engagement Labs, along with Tiffany Co., the famous jewelry firm, and designer label Valentino. The research report also places Gucci as the leading brand in terms of ...
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Tamaris is Germany's most popular fashion retailer, according to the...
Tamaris is Germany's most popular fashion retailer, according to the annual consumer survey conducted by OC C Strategy Consultants. The survey was based on 26,000 individual evaluations by German consumers of various services offered by 95 German retailers. The Detmold-based shoe maker has emphasized it has always focused on customer ...
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Office, the British shoe retail chain that is in line...
Office, the British shoe retail chain that is in line for a possible sale to Truworths of South Africa, has reported a net profit of £46.6 million (€66.1m-$71.0m) for the financial year ended last Jan. 25, more than double the profit of the previous financial year. Operating earnings before amortization ...
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The growth of Hermès International slowed down to 7.9 percent...
The growth of Hermès International slowed down to 7.9 percent in the third quarter in terms of local currencies from 9.7 percent in the second quarter, and the management continues to forecast an increase of 8 percent for the full financial year. Travel retail was evidently the engine of growth ...
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Caleres, the American group previously called Brown Shoe Co., is...
Caleres, the American group previously called Brown Shoe Co., is targeting an increase in the operating margin to 8 percent of sales by 2020 from a foreseeable ratio of 5 percent in 2016, based on a new five-year plan that calls for compounded average annual growth (CAGR) in sales of ...
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Iconix Brand Group reported a lower-than-expected net loss of $6.3...
Iconix Brand Group reported a lower-than-expected net loss of $6.3 million for the third quarter, compared with profit of $33.7 million in the year-ago period. Licensing revenues declined by 3 percent to $88.9 million, but they were flat in constant currencies. The company, which owns Candie's, Ed Hardy, London Fog, ...
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News briefs
In spite of a drop of 12.7 percent in constant...
In spite of a drop of 12.7 percent in constant currencies for Pollini, the holdings of the Italian Aeffe group in the area of shoes and leathergoods raised their sales by 14.1 percent to €72.7 million in the first nine months of this year. The group recorded sales growth of ...
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Stella International sees the demand for sports fashion styles continuing...
Stella International sees the demand for sports fashion styles continuing to grow in China, helping the Chinese manufacturer of athletic and fashion footwear to record higher orders in the last quarter of this year and in 2016. In the third quarter ended Sept. 30, the group's revenues increased by 6 ...
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Esprit has reported a 14.9 percent sales decline for the...
Esprit has reported a 14.9 percent sales decline for the first quarter ended Sept. 30, due to a slowdown in Europe and a reduction in its total retail floor space. Sales fell to HK$4.7 billion (€563.1m-$606.4m) during the quarter, while the company cut its total controlled floor space by 7.6 ...
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Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent...
Beating analysts' expectations, Alibaba Group Holdings reported a 32 percent increase to $3.49 billion in revenues for the second quarter of its financial year, ended on Sept. 30. Sales through mobile devices nearly tripled to $1.66 billion. The total gross merchandise volume on its Chinese marketplaces went up by 28 ...
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China's exports of leather shoes contracted by 11.3 percent in...
China's exports of leather shoes contracted by 11.3 percent in volume to 570.6 million pairs in the first eight months of this year, says the China Leather Industry Association (CLIA). As the average price per pair rose to $14.54 from $14.06 in the year-ago period, the value of these exports ...
