News Briefs – Page 2
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News briefs
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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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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News briefs
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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News briefs
The number of brick-and-mortar stores for footwear and clothing has...
The number of brick-and-mortar stores for footwear and clothing has shrunk considerably in Italy in the last eight years. Since 2011, 3,300 shoe stores and over 13,000 clothing stores have been closed, according to a study by Confesercenti, the Italian retailers' association. On the other hand, the share taken by ...
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Italy is suffering from a 30 percent unemployment rate among...
Italy is suffering from a 30 percent unemployment rate among young people, 7 percent higher than the EU average. Nevertheless, Italian companies often find it hard to recruit, especially in certain sectors, including shoe and leather goods firms. According to an estimate by Fondazione Altagamma, based on Unioncamere figures, Italian ...
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News briefs
In constant currencies, Vans' sales grew by 26 percent in...
In constant currencies, Vans' sales grew by 26 percent in VF Corporation's financial year, ended on March 31, while Timberland was up by only 2 percent. Vans' growth slowed down to 18 percent in the fourth quarter, lifted by a 21 percent increase in the U.S., but its digital sales ...
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News briefs
Aeffe's revenues from footwear and leathergoods rose by 4 percent...
Aeffe's revenues from footwear and leathergoods rose by 4 percent in the first quarter of this year to €33.3 million, and the division's adjusted Ebitda margin grew to 17.9 percent from 17.4 percent. The Italian fashion group, which owns Pollini and other brands, raised its overall sales by 7.4 percent ...
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News briefs
German shoe retailers experienced a 5 percent sales increase year-on-year...
German shoe retailers experienced a 5 percent sales increase year-on-year in March, leading to an 11 percent sales increase for the first three months. On the other hand, their sales had declined by 12 percent in the same period of 2018.
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News briefs
Liu Jo, the women's apparel brand headquartered in Carpi, Italy,...
Liu Jo, the women's apparel brand headquartered in Carpi, Italy, expects its shoe division to generate revenues €34 million in 2019, up from €24 million in 2018, with sales of one million pairs of shoes. Liu Jo's shoe line was launched in 2016 through Eli, a new joint venture created ...
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The German shoe retailing market is increasingly consolidating. Between 2010...
The German shoe retailing market is increasingly consolidating. Between 2010 and 2017, the number of retail companies operating in the sector shrank from 7,250 to around 3,800, according to data published by the Federal Statistical Office. However, the decline did not have a significant impact on the number of individual ...
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An estimated 37 percent of Russian customers haven't enough money...
An estimated 37 percent of Russian customers haven't enough money to purchase shoes in the quantities that they actually require, according to research conducted in April by the Russian Central Bank, which said that this was due to a gradual decline in the real incomes of the Russian population. A ...
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News briefs
Tempe, the Spanish joint venture of the Inditex Group that...
Tempe, the Spanish joint venture of the Inditex Group that develops the shoes for Zara and its other retail chains, booked a net profit of €113 million last year, 39 percent above the level reached in 2017, on 5.6 percent higher sales of €1.25 billion. The company plans to expand ...
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News briefs
Valleverde's sales rose by 18.5 percent in 2018, reaching a...
Valleverde's sales rose by 18.5 percent in 2018, reaching a level of €16 million, after growth of 13.5 percent in the previous year. More than 90 percent of the turnover is still generated in the domestic Italian market. The brand produces an annual volume of 500,000 pairs currently sold at ...
