News Briefs – Page 7
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News briefs
Global fashion sales are expected to continue to grow in...
Global fashion sales are expected to continue to grow in 2018. According to the report The State of Fashion 2018, released by McKinsey Company, fashion sales will increase by between 3.5 and 4.5 percent in 2018, and by 4-5 percent in the luxury segment, to reach around €2.1 ...
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News briefs
In spite of the ambitious goals set by the government...
In spite of the ambitious goals set by the government of Bangladesh for the sector over the next few years, which wants its output to grow by least 15 percent a year (Shoe Intelligence Vol. 19 N° 23+24 of Dec. 23), the country's total exports of leather and leather products ...
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News briefs
World Footwear notes that Belgium remains one of the main...
World Footwear notes that Belgium remains one of the main trading platforms for footwear in Europe. It produced only one million pairs in 2016, according to the World Footwear Handbook, but in the first half of 2017 it exported 133 million pairs of shoes worth €2.97 billion, up by 3.9 ...
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News briefs
Sarenza, the French-based online shoe retailer, says its sales have...
Sarenza, the French-based online shoe retailer, says its sales have grown by 15 percent since the start of its new financial year in September, thanks in part to a particularly successful Black Friday promotion. The e-tailer generated a turnover of around €200 million in the past year.
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News briefs
Bianco Footwear, the Danish shoe retail chain, continued to lose...
Bianco Footwear, the Danish shoe retail chain, continued to lose money in the past year, but its management says it has gone through a profound turnaround that should bear fruits this year. The company made a loss of 20 million Danish krona (€2.7m-$3.2m) in the 2016/17 financial year, 3 million ...
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News briefs
The sale of the Zhong Shan manufacturing operations in China,...
The sale of the Zhong Shan manufacturing operations in China, which was intended to move more production to Vietnam and Cambodia, caused Kingmaker's sales to fall to 594.1 million Hong Kong dollars (€64.1m-$76.0m) in the first half ended Sept.30 from HKD 1,013.9 million in the same period a year ago. ...
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News briefs
Brazilian footwear production has resumed its growth with an increase...
Brazilian footwear production has resumed its growth with an increase of 4.5 percent in the first seven months of this year, according to the Brazilian Institute of Geography and Statistics (IBGE), although there was a slowdown in the growth during the month of August. According to Abicalçados, the Brazilian Shoe ...
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News briefs
The Global Fashion Group (GFG), which owns several e-commerce clones...
The Global Fashion Group (GFG), which owns several e-commerce clones of Zalando in emerging markets, reported a 19 percent sales increase in net revenues to €256.4 million for the third quarter. The adjusted Ebitda loss declined by 2.8 percentage points to a still negative margin of 12.7 percent of revenues. ...
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News briefs
Tapestry, the company previously called Coach, reported a loss of...
Tapestry, the company previously called Coach, reported a loss of $18 million on sales of $1.29 billion for its first quarter, ended Sept. 30. The sales increase of 24 percent and the loss were partly due to the acquisition in July of Kate Spade and costs for its subsequent integration. ...
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News briefs
Michael Kors Holdings is projecting revenues of $4.59 billion for...
Michael Kors Holdings is projecting revenues of $4.59 billion for the financial year ending next April, up from a previous forecast of $4.28 billion. That would include extra revenues $225 million from the recently acquired Jimmy Choo, down from a previously projected level of $275 million. In the second quarter ...
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News briefs
Shoe brands will continue to feel the pinch from sports...
Shoe brands will continue to feel the pinch from sports labels that are making further inroads into the growing sneaker market. This is the finding from a recent consumer focus survey conducted in Germany on the top brands in both the female and male market segments. Adidas, Nike, Reebok, Converse ...
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News briefs
Hermès reported a particularly high operating margin of 34.3 percent...
Hermès reported a particularly high operating margin of 34.3 percent for the first half of this year, up from 33.9 percent in the year-ago period. Net earnings rose by 11 percent to €605 million. As previously reported, the French luxury goods company's sales increased by 11 percent to €2,713 million ...
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News briefs
Primark is expected to report a 13 percent sales increase...
Primark is expected to report a 13 percent sales increase in constant currencies for the financial year ended Sept. 16, with growth of 20 percent in local currencies and one percent on a same-store basis, according to its parent company, Associated British Foods. The operating margin was higher than 10 ...
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News briefs
Netshoes, which remains the largest pure e-commerce player in the...
Netshoes, which remains the largest pure e-commerce player in the Brazilian market and in Latin America, booked a 15 percent increase in net sales to 461.3 million Brazilian reais (€123.7m-$146.7m) in the second quarter ended June 30, but the quarterly net loss grew to R$35.2 million (€9.4m-$11.2m) from R$33.6 million ...
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News briefs
China's shoe exports declined by 3.4 percent to 222.3 billion...
China's shoe exports declined by 3.4 percent to 222.3 billion yuan renminbi (€28.6bn-$34.0bn) in the first eight months of this year, according to the China Leather Industry Association (CLIA). On the other hand, an official of the association has reportedly indicated that there has been a rise in imports and ...
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News briefs
Shoe exports from Brazil grew by 14.7 percent in U.S....
Shoe exports from Brazil grew by 14.7 percent in U.S. dollars in the first seven months of this year, reaching $608 million, but this was only due to a foreign currency exchange gain, and the country's shoe industry association, Abicalçados, is concerned about the country's future competitiveness following a recent ...
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News briefs
The traditional price gap for luxury goods between China and...
The traditional price gap for luxury goods between China and Europe is shrinking. According to a study by Deloitte, the gap has shrunk by a quarter over the last 12 months. Key results of the study were reported by The Financial Times in early September. An increasing number of Chinese ...
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News briefs
ISM Search, the European U.K.-based executive recruitment and head-hunting service...
ISM Search, the European U.K.-based executive recruitment and head-hunting service specializing in the sporting goods sector, recently conducted a survey among its candidates in the industry to find out the relevant factors in the successful hiring and retention of key talents. According to ISM, it is the first survey of ...
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News briefs
As predicted, Zalando's growth softened in the second quarter, rising...
As predicted, Zalando's growth softened in the second quarter, rising by 20.1 percent to €1.1 billion, but the company is hoping to hit the upper range of the forecast of 20 to 25 percent for the full financial year. The operating margin (Ebit) declined by 1.4 percentage points to 7.4 ...
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News briefs
Leder & Schuh reports a 3.6 percent decline in its...
Leder Schuh reports a 3.6 percent decline in its net sales to €298.6 million for 2016, including revenues of €213.4 million from its domestic Austrian market. However, a major reduction in wages, marketing expenses and other operating costs allowed the parent company of the Humanic and Shoe4You retail ...
