News Briefs – Page 27
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News briefs
German shoe retailers' sales increased by 7 percent in the...
German shoe retailers' sales increased by 7 percent in the month of September compared with the same month a year ago, according to IFH, the retail-specific market research company in Cologne, although 2 percentage points were due to higher selling prices. In October, however, their sales fell by 5 percent ...
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Footwear manufacturers in Wenling, a city in Zhejiang Province in...
Footwear manufacturers in Wenling, a city in Zhejiang Province in China, recently turned their focus toward exports to Africa, and have been amply rewarded. Shoe exports to Africa went up by 63.4 percent in 2011 compared with 2010, for a total value of $380 million, according to the China Leather ...
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The Yoox Group launched a Sergio Rossi website for online...
The Yoox Group launched a Sergio Rossi website for online sales in September, as part of its new joint venture with PPR. It will also be available to clients in China by the end of next year. In the third quarter ended Sept. 30, Yoox' sales grew by 27.4 percent ...
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R.G. Barry reported net earnings on a consolidated basis of...
R.G. Barry reported net earnings on a consolidated basis of $6.1 million or $0.54 per diluted share, down by 11.0 percent or $0.61 per diluted share, in the first quarter of fiscal 2012 ended Sept. 29. Net sales were $47.2 million versus $50.2 million a year ago. Gross profit as ...
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Arezzo & Co., the Brazilian shoe design, manufacturing and retail...
Arezzo & Co., the Brazilian shoe design, manufacturing and retail company, has shifted the head office for its high-end Alexander Birman brand to New York, while opening the second store under the designer's name in São Paulo. The group opened a total of 18 new stores during the third quarter, ...
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News briefs
The shoe and leathergoods division of Aeffe, represented mainly by...
The shoe and leathergoods division of Aeffe, represented mainly by Pollini, raised its sales by 7.9 percent to €54.7 million for the first nine months of this year. The total turnover of the Italian fashion group went up by only 0.7 percent to €198.7 million. Aeffe's operating profit before amortization ...
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News briefs
In Sweden, footwear sales dropped by 2.7 percent at retail...
In Sweden, footwear sales dropped by 2.7 percent at retail during the month of August when compared with the same month last year, after a 0.6 percent increase in July, according to HUI Research. For the first eight months of 2012, footwear sales rose by 3.1 percent. Independent retailers have ...
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News briefs
Footwear was the top-performing category in the British retail sector...
Footwear was the top-performing category in the British retail sector in September for the fifth consecutive month. The industry benefited both from the delayed back-to-school timing at the beginning of the month and colder weather toward the end of the period, which pushed people to buy warmer clothes and boots. ...
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News briefs
The rise of the VAT in Spain on Sept. 1...
The rise of the VAT in Spain on Sept. 1 did not have a significant impact on the price of shoes and fashion items in general. The consumer price index rose by 2.7 percent in August and by 3.4 percent in September. Prices for clothing and footwear only rose by ...
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News briefs
Footwear exports from China grew to 6.8 billion pairs in...
Footwear exports from China grew to 6.8 billion pairs in volume and $28.8 billion in value in the first eight months of 2012, representing increases of 3 percent and 9.1 percent from the year-earlier period, respectively. The growth figures were much higher for imports, which rose by 29.3 percent in ...
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News briefs
India's exports of leather and leather products reached a level...
India's exports of leather and leather products reached a level of just over $2 billion in the first five months of the country's current financial year, running from April to August, against more than $2.1 billion for the year-ago period, representing a decline of 4.4 percent. The disappointing figures were ...
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In terms of purchasing power, China's GDP is projected to...
In terms of purchasing power, China's GDP is projected to surpass that of the Eurozone in a year or so, according to a new report by the Organisation for Economic Co-operation and Development (OECD). It should become the world's largest economic power by 2016, overtaking the U.S. Even more strikingly, ...
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News briefs
Sabu Schuh & Marketing has reported a slight drop in...
Sabu Schuh & Marketing has reported a slight drop in centralized settlements of 2.5 percent for the first half of 2012, down to €169.3 million, due essentially to lower orders from its retail members for the spring/summer 2012 season. However, the affiliated retailers booked an average increase in their own ...
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News briefs
Esprit booked net income of 873 million Hong Kong dollars...
Esprit booked net income of 873 million Hong Kong dollars (€87.3m-$112.6m) for the year ended June 30. It was way higher than the profit of HK$79 million recorded in the previous year, but lower than the financial analysts' projections. Revenues were off by 10.5 percent in local currencies, down to ...
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News briefs
Pittards has reported flat results for the first six months,...
Pittards has reported flat results for the first six months, which it puts down to the 150 percent tariff on crust leather exports imposed by the Ethiopian government. The U.K.-based leather company reported profits of £100,000 (€124,185-$160,330), in spite of restructuring costs of £200,000 (€248,372-$320,661). The firm expects the prices ...
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News briefs
Gabor can be satisfied with the first half of this...
Gabor can be satisfied with the first half of this year when it comes to sales of its brands Camel Active and Snipe, at least in Germany. While total sales of the two brands decreased by 5 percent, Gabor sold 542,000 pairs of shoes during the first half of this ...
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Richter reports stable sales and profits for the financial year...
Richter reports stable sales and profits for the financial year ended last April. Sales were up in its domestic Austrian market, where footwear retailers suffered an overall sales decline of 8 percent in the course of 2011. The Russian market is back for this important brand of children's shoes, and ...
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News briefs
Wolverine Worldwide says it will likely record a double-digit drop...
Wolverine Worldwide says it will likely record a double-digit drop in its European sales during the current third quarter of its financial year. Sales in the Europe, Middle East and Africa region, which account for about one-quarter of the group's total revenues, have been affected by dodgy weather and economic ...
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News briefs
After strong growth in the past year, Deckers' European business...
After strong growth in the past year, Deckers' European business is anticipated to record slow growth in the current third quarter and a decline for the whole second half of 2012. While sheepskin prices have fallen by about 10 percent this year, after rising by more than 80 percent in ...
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News briefs
The acquisition of Baggallini handbags and Foot Petals insoles, combined...
The acquisition of Baggallini handbags and Foot Petals insoles, combined with a strong footwear business, allowed R.G. Barry to enjoy a 20.4 percent jump in total sales to $155.9 million in the financial year ended June 30. Gross margins went up to 43.1 percent from 37.2 percent the year before, ...
