News Briefs – Page 4
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News briefs
The German shoe retail market declined by 7.09 percent in...
The German shoe retail market declined by 7.09 percent in 2018 through the first ten days of December, according to the data collected by the European Clearing Center from retailers who operate more than 4,700 stores. After peaking in April, the confidence index of German shoe retailers have been declining ...
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Norwegian shoe retailers saw their sales decline by 0.9 percent...
Norwegian shoe retailers saw their sales decline by 0.9 percent in the first nine months of 2018, according to official statistics. On the other hand, total imports of footwear into the country grew by 5.9 percent to 4.71 billion Norwegian kroner (€468.8m-$534.1m), with leather shoes down by 3.6 percent, canvas ...
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Zalando booked a net loss of €41.7 million in the...
Zalando booked a net loss of €41.7 million in the third quarter, up sharply from €11.1 million in the year-ago period, while sales growth slowed down to 11.7 percent from 28.7 percent. The adjusted operating profit (Ebit) sank to a negative level of €38.9 million on total turnover of €1.2 ...
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Michael Kors, which acquired Jimmy Choo in November of last...
Michael Kors, which acquired Jimmy Choo in November of last year, reported better than expected revenues from the brand for the second quarter of its financial year, ended on Sept. 30, with double-digit growth on a pro forma basis. A contribution of $116.7 million from Jimmy Choo helped boost the ...
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Stuart Weitzman's sales declined by one percent to $95 million...
Stuart Weitzman's sales declined by one percent to $95 million in the first quarter of Tapestry's financial year, ended on Sept. 29. The drop was attributed to ongoing development and delivery delays, but the management said that production levels and shipments have now stabilized. The total revenues of the group, ...
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The Brazilian e-tailer Netshoes has reported a net loss of...
The Brazilian e-tailer Netshoes has reported a net loss of 136.4 million Brazilian reais (€31.9m-$36.5m) for the third quarter of this year, roughly triple the net loss reported a year ago. Sales for the period were down 3 percent to R$ 417.8 million (€97.8m-$111.7m), while the gross margin shrank fourfold ...
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Store traffic in the U.K. saw its second consecutive quarterly...
Store traffic in the U.K. saw its second consecutive quarterly 2 percent decrease year-on-year in October, according to Springboard, a provider of retail data and analysis. This marks 11 straight months of steady decline. Springboard advances two explanations: first, a tendency among consumers to wait for Black Friday and holiday ...
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Balenciaga's Triple S sneaker got the highest number of searches...
Balenciaga's Triple S sneaker got the highest number of searches for shoe styles on Instagram through Lyst, which was used by 80 million shoppers in 120 countries so far this year for all kinds of fashion products. Balenciaga's ugly and chunky sneaker was followed in Lyst's ranking by the simpler ...
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Is Brazil's export business finally turning around? The country's shoes...
Is Brazil's export business finally turning around? The country's shoes exports rose on a sequential basis by 11.2 percent in volume and 31 percent in value during the month of October, as compared to the previous month, reaching a level of 11 million pairs worth $93.8 million. As compared to ...
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Selfridges, one of the few major department store organizations that...
Selfridges, one of the few major department store organizations that are performing well, has reported a slightly increased net profit of £181 million (€205.6m-$235.0m) on 11.5 percent higher sales of £1.75 billion (€2.0bn-$2.3bn) for the financial year ended Feb. 3. The management told The Times that one of the factors ...
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Schuhe24, the German-based online marketplace for independent shoe retailers, expects...
Schuhe24, the German-based online marketplace for independent shoe retailers, expects to record sales of more than €55-60 million by the end of this year, up by 113 percent as compared to the previous year, instead of a previously projected level of €40-50 million. More than 900 independent retailers are members ...
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Stella International Holdings has reported a 4.2 percent sales increase...
Stella International Holdings has reported a 4.2 percent sales increase to $471.3 million for the third quarter ended on Sept. 30. Total shipments went up by 5.9 percent in volume, driven by fashion athletic styles and casual footwear. Revenues from manufacturing rose by 2.6 percent to $455.2 million. The branding ...
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Exports of leather shoes from Bangladesh went up by 5.6...
Exports of leather shoes from Bangladesh went up by 5.6 percent to $175.5 million during the July-September quarter, according to the country's Export Promotion Bureau. The category was the only bright spot in Bangladesh leather sector, whose total exports declined by 17.5 percent to $267.9 million. This will make it ...
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Consumers in Europe predominantly look for comfort in shoes. This...
Consumers in Europe predominantly look for comfort in shoes. This is one of the key findings from the three-year project Fit to Comfort (Fit2Com), funded by the European Commission's Erasmus + program. The results of the project were presented in a workshop on “Skills and Competencies of the future” last ...
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Zalando has once again reduced its guidance for the current...
Zalando has once again reduced its guidance for the current financial year, indicating that a very hot and long summer affected its sales, resulting in heavy discounting, and delayed the switch to autumn/winter season. The big e-tailer is now expecting its revenues to grow at the low end of its ...
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Görtz, the big German shoe retailer that recently changed ownership...
Görtz, the big German shoe retailer that recently changed ownership and management, has disclosed a target of €300 million for its turnover by 2021, up from the present level of around €265 million, in an interview with German magazine Capital. Much of the progress is expected to come from the ...
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Stuart Weitzman is still in the doldrums. Due to ongoing...
Stuart Weitzman is still in the doldrums. Due to ongoing problems with product development and deliveries, the brand posted a sales decline of 17 percent, down to $73 million, in the fourth quarter of its parent company's financial year, ended June 30. The brand generated an operating loss of $21 ...
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Jimmy Choo posted sales of $172.7 million in the three...
Jimmy Choo posted sales of $172.7 million in the three months ended June 30, beating the financial analysts' average consensus that they would reach $143.6 million and resulting in an operating profit of $16.1 million. Michael Kors Holdings, which bought the brand last year, gave no comparative figures for the ...
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Kurt Geiger is targeting total sales of more than £370...
Kurt Geiger is targeting total sales of more than £370 million (€414.4m-$469.9m) this year, according to Footwear News. For the U.K.-based luxury shoe company, which was taken over by Cinven at the beginning of 2016 for £245 million (€274.4m-$311.2m), that would compare with a turnover of £330 million for the ...
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Rieker continues to lead the German market for comfort and...
Rieker continues to lead the German market for comfort and wellness shoes. According to a study conducted by the European Clearing Center in behalf of Schuhkurier, Rieker had a 15.4 percent share in this market segment in terms of value for the sell-out of the spring/summer 2018 season, up from ...
