News Briefs – Page 6
-
News briefs
Here is a French shoe company that is growing fast,...
Here is a French shoe company that is growing fast, while others like J.B. Martin are in trouble: Thanks to a rejuvenated and more colorful collection, Hirica raised its sales last year by 30 percent to €4.2 million and is targeting a 15 percent increase for 2018 with the recent ...
-
News briefs
Online retailers are recording strong growth in Germany, according to...
Online retailers are recording strong growth in Germany, according to the latest figures released by the German E-Commerce and Mail Order Catalog Association (BEVH). The clothing industry recorded an increase of 6.1 percent in the first quarter of 2018, a rate more than double as high as the 2.7 percent ...
-
News briefs
German shoe retailers suffered a double-digit sales decline in the...
German shoe retailers suffered a double-digit sales decline in the first quarter of 2018, due especially to a cold and wet month of March. According to the European Clearing Center, they fell by 16 percent during the period. The latest data indicate that they scored slightly better at the beginning ...
-
News briefs
Sales of footwear declined by nearly 13 percent in the...
Sales of footwear declined by nearly 13 percent in the U.K. during the first quarter, according to a survey by Barclaycard, with sales through physical stores falling by 18.2 percent and online sales growing by merely one percent. The British Retail Consortium said that total retail sales of non-food products ...
-
News briefs
According to the Chinese Leather Industry Association, the country's footwear...
According to the Chinese Leather Industry Association, the country's footwear sector generated sales of $123 billion last year. This was an increase of 4.4 percent as compared to 2016. Overall, China exported 9.6 billion pairs of shoes with a combined value of $45.6 billion, an increase of 3.7 percent in ...
-
News briefs
Hermès has just announced an 11 percent jump in net...
Hermès has just announced an 11 percent jump in net earnings to €1.2 billion for 2017. The company's operating margin grew further to 34.6 percent. As reported in the previous issue, the growth in Hermès' turnover slowed down to 7 percent last year, making it reach a level of €5.5 ...
-
News briefs
Kering more than doubled its net profit to €1.79 billion...
Kering more than doubled its net profit to €1.79 billion in 2017. Its adjusted operating income surged by 56.3 percent to €2.95 billion, and 70 percent of that came from its star brand, Gucci, whose sales grew by 41.9 percent to €6.21 billion. Yves Saint Laurent rose by 23.0 percent ...
-
News briefs
BasicNet said the Superga brand experienced strong growth across all...
BasicNet said the Superga brand experienced strong growth across all American countries last year. Sales increased by 99 percent in Argentina and by 94 percent in Chile. The Brazilian market grew by 40 percent. Sales in the U.S. rose by 27 percent. The Asian market slowed down compared with the ...
-
News briefs
Skechers' management told investors at an investors' conference organized by...
Skechers' management told investors at an investors' conference organized by UBS that it feels well-positioned to raise its operating margin from 10 percent to 12-13 percent after its heavy investments outside the U.S. One of the reasons is that the brand can obtain higher price points abroad, especially in Asia, ...
-
News briefs
B.A.G., the Italian company that owns the NeroGiardini brand, posted...
B.A.G., the Italian company that owns the NeroGiardini brand, posted a 4 percent decline in sales to €200 million in 2017, blaming the weakness of the Italian market, which represents about 75 percent of its revenues. Exports rose by 20 percent. They were driven by France, Germany, Austria and Belgium, ...
-
News briefs
China's central government has set a target of 6.5 percent...
China's central government has set a target of 6.5 percent growth for its Gross Domestic Product for 2018, the same that it had set for last year, but with a higher quality level. In reality, China's economic growth went beyond the government's expectations in 2017 with an estimated rise of ...
-
News briefs
In a preliminary statement, Wolverine Worldwide said it expects to...
In a preliminary statement, Wolverine Worldwide said it expects to achieve this year its target of a 12 percent adjusted operating margin on a 6 percent increase in underlying revenues, in spite of significant incremental investments of more than $40 million to drive future growth. Its international business is expected ...
-
News briefs
Aeffe's revenues from footwear and leathergoods rose by 12.8 percent...
Aeffe's revenues from footwear and leathergoods rose by 12.8 percent to €108.2 million in 2017. The Italian company, whose holdings include Pollini, raised its total consolidated revenues by 11.4 percent to €312.6 million, up by 11.6 percent at constant exchange rates. Sales through the group's own stores represented a higher ...
-
News briefs
Salamander reports that its wholesale business in terms of value...
Salamander reports that its wholesale business in terms of value and volume both increased by 17 percent in 2017 as compared to the previous year. Together with the Salamander and Lurchi brands, Salamander reached a total sales volume of one million pairs of shoes. Pre-orders for the spring/summer 2018 season ...
-
News briefs
Online sales of personal luxury goods are expected to more...
Online sales of personal luxury goods are expected to more than triple by 2025, reaching about €74 billion. McKinsey Company has recently released a report entitled “The age of Digital Darwinism,” in which it explains that online sales of personal luxury goods, which accounted for 8 percent of ...
-
News briefs
Brazil's shoe exports reached 127.13 million pairs and $1.09 billion...
Brazil's shoe exports reached 127.13 million pairs and $1.09 billion in 2017, according to Abicalçados, the Brazilian Shoe Manufacturers Association. In terms of revenues, the result represents an increase of 9.3 percent as compared to 2016, and is the best performance since 2013, when the value of exports reached $1.095 ...
-
News briefs
The Nike group saw its sales rise by 5 percent...
The Nike group saw its sales rise by 5 percent to $8,554 million for the second quarter of its fiscal year, as a dip in North America was compensated for by an uptick in demand in other regional markets. The Nike brand's turnover alone reached $8,136 million, up by 5 ...
-
News briefs
Crocs told investors at a recent conference that it performed...
Crocs told investors at a recent conference that it performed better than expected in the fourth quarter of 2017, thanks to a strong holiday season in the U.S. Sales reached a level of between $180 million and $190 million, with a gross margin of around 45 percent. However, the company ...
-
News briefs
Genesco indicates that it achieved a sales increase of 10...
Genesco indicates that it achieved a sales increase of 10 percent on a comparable store basis during the fourth quarter ended on Jan. 4 at its Journeys chain of shoe shops in the U.S., thanks in part to a shift from canvas casual styles to retro athletics. Johnston ...
-
News briefs
Office posted revenues of £298.7 million (€336.7m-$402.2m) in the 53 weeks...
Office posted revenues of £298.7 million (€336.7m-$402.2m) in the 53 weeks to July 2, 2017, as compared to revenues of £387.8 million (€437.1m-$522.2m) in the prior 74-week period, extended after its sale to Truworths to match its financial year end. Despite the uncertainties in the U.K. trading environment, which are ...
