News Briefs – Page 31
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News briefs
European tanners increased their revenues by an estimated 8.8 percent...
European tanners increased their revenues by an estimated 8.8 percent last year, but in terms volume, sales of hides and skins went up by 0.3 percent and those of finished leather by 1 percent. Italy's production fell by 2 percent in volume but grew by 7 percent in value, representing ...
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News briefs
Wortmann's sales rose by 10.5 percent to €503.1 million between...
Wortmann's sales rose by 10.5 percent to €503.1 million between last June and November, corresponding to the first six months of its financial year. Orders in hand indicate that the German group will likely reach a turnover of more than €995 million for the full fiscal year, up from €957.7 ...
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Shoe Carnival saw its net profit decline by 25 percent...
Shoe Carnival saw its net profit decline by 25 percent to $3.3 million in the fourth quarter ended Jan. 28 as the American shoe retailer's sales increased by 1.1 percent to $181.9 million, but with a drop in same-store sales of 3.0 percent. For the full financial year, sales increased ...
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News briefs
Aeffe, the Italian fashion group that owns the shoemaker Pollini,...
Aeffe, the Italian fashion group that owns the shoemaker Pollini, has reported an increase in the profitability of its footwear and leathergoods division, whose Ebitda (operating income before amortization) switched to a €0.6 million profit in 2011 from a €3.0 million loss a year earlier. Ebit (operating profit before interest) ...
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News briefs
According to HUI Research, retail sales of shoes in Sweden...
According to HUI Research, retail sales of shoes in Sweden decreased by 25 percent during November and by 4.1 percent in December 2011. During the same periods the previous year, they increased by 45 percent and 8.6 percent, respectively. For 2011 as a whole, the Swedish footwear market was down ...
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News briefs
Schuh, the rather successful British shoe retailer taken over by...
Schuh, the rather successful British shoe retailer taken over by Genesco last year, contributed $7.3 million in operating profit on sales of $100 million to the U.S. for its fourth quarter ended Jan. 28. The U.K. chain plans to add 8 to 11 stores this year to its current 64 ...
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News briefs
Pollini increased sales by 15.4 percent in 2011 to €32.3...
Pollini increased sales by 15.4 percent in 2011 to €32.3 million, driven by growth in Russia and other countries of the former Soviet Union, China and Japan. In the meantime, the shoemaker's parent company, Aeffe, bolstered revenues by 12.2 percent to €246.0 million. Aeffe's overall footwear and leathergoods turnover rose ...
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News briefs
Fratelli Rossetti finished 2011 with a 4 percent increase in...
Fratelli Rossetti finished 2011 with a 4 percent increase in sales to €75 million. By early April, the company is due to open a second store in Hong Kong and a location in Shanghai, while completing a restyling of its store in Via Montenapoleone in Milan.
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News briefs
Palladium, the French brand of casual footwear acquired by K-Swiss...
Palladium, the French brand of casual footwear acquired by K-Swiss a few years ago, recorded a 16.7 percent increase in its order backlog at the end of 2011, and it should become slightly profitable this year. K-Swiss' total revenues were up by 23.8 percent to $268.4 million, with increases of ...
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News briefs
Shoes were not among the top-performing merchandise categories at Nordstrom...
Shoes were not among the top-performing merchandise categories at Nordstrom in the fourth quarter of the last year financial, in contrast with handbags and other products. The U.S. retailer reported a sales increase of 7.1 percent on a same-store basis in the quarter, however, and the momentum continued afterwards with ...
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News briefs
The acquisition of Combs, which owns the Bogs and Rafters...
The acquisition of Combs, which owns the Bogs and Rafters brands of footwear, helped Weyco Group to boost its total sales by 18 percent last year to $271 million and to book a higher net profit of $15.3 million, compared with $13.7 million in 2010. Wholesale revenues in North America ...
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News briefs
Lower military sales and the discontinuation of the Dickies footwear...
Lower military sales and the discontinuation of the Dickies footwear license at the end of 2010 led Rocky Brands to post major sales declines in the fourth quarter of 2011 and for the full financial year. Various onetime charges depressed its earnings, but excluding them, the company booked net income ...
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News briefs
Dutch shoe retailers saw their sales decline by an average...
Dutch shoe retailers saw their sales decline by an average of 2.5 percent last year, chiefly due to an abrupt drop of 10 percent in spending on footwear in the third quarter, according to CBW Mitex. In both the first and second quarters, shoe sales inched up by 0.5 percent. ...
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News briefs
The growth of India's exports of leather and leathergoods is...
The growth of India's exports of leather and leathergoods is expected to slow in the coming fiscal year, according to the India Trade Promotion Organization. For the current fiscal year, the industry should see an increase of about 18 percent to $4.5 billion, but for 2012-13, it should slow to ...
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News briefs
The Export Promotion Bureau of Bangladesh has announced that in...
The Export Promotion Bureau of Bangladesh has announced that in the first seven months of the fiscal year, July 2011-January 2012, its total leather exports jumped by 26.4 percent to $446.9 million. All sectors showed double-digit growth, with finished leather up by 22.4 percent to $180.1 million; footwear up by ...
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News briefs
Deichmann increased total sales by 5 percent in 2011 to...
Deichmann increased total sales by 5 percent in 2011 to €4.13 billion. The German retail group is now represented in 21 European markets and in the U.S. Foreign sales accounted for 56 percent of the company's total sales. At the end of last year, the group had 3,175 stores worldwide, ...
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News briefs
The Jones Group has reported revenues for the fourth quarter...
The Jones Group has reported revenues for the fourth quarter of $894 million, slightly up from $874 million in the year-earlier period. The company, which owns Nine West and many other properties, said sales were lower than expected due to a highly promotional retail environment and a slowdown in replenishment ...
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News briefs
Ara Shoes is looking back on a successful business year...
Ara Shoes is looking back on a successful business year as the company's sales jumped to €550 million in 2011, up from €500 million. Ara Group is selling its products to 50 countries worldwide and employs 8,000 people. Although retailers and the shoe industry are confronted with a challenging fall/winter ...
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News briefs
Gabor says it recorded a two-digit increase in total sales...
Gabor says it recorded a two-digit increase in total sales in 2011. Its Camel Active and Snipe brands grew by 13 percent to €65 million in 2011, and the number of pairs sold under these two brands grew by 3 percent to 1.4 million. Domestic sales and export sales each ...
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News briefs
Bakers Footwear of the U.S. reports an 8.0 percent drop...
Bakers Footwear of the U.S. reports an 8.0 percent drop in its sales revenues to $53.6 million for the 13 weeks ended Jan. 28, with a decline in same-store sales of 7.1 percent. For the full financial year ended on the same date, sales fell by 0.3 percent to $185.1 ...
