News Briefs – Page 9
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News briefs
In a preliminary statement, Zalando said its sales grew by...
In a preliminary statement, Zalando said its sales grew by between 22 and 24 percent in the first quarter of 2017, generating an operating margin of between one and three percent – lower than analysts had estimated. It confirmed projections for this year of growth between 20 and 25 percent ...
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The Global Fashion Group (GFG), which manages online stores in...
The Global Fashion Group (GFG), which manages online stores in developing countries that follow Zalando's European business model, delivered good results for 2016. Based on their net merchandise value (NMV), revenues grew by 26.3 percent to $1.06 billion, with an increase of 30.3 percent in local currencies and on a ...
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Soletrader reported a slight decrease in revenues, which were down...
Soletrader reported a slight decrease in revenues, which were down by 0.75 percent to £38 million (€45.5m-$48.8m) for the year to June 25 as compared to the previous fiscal year. Profit before tax increased by 1.5 percent to £1.4 million (€1.68m-$1.80m). The British footwear retailer rolled out a store refurbishing ...
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The Lacoste collection licensed by Pentland Brands was the fastest-growing...
The Lacoste collection licensed by Pentland Brands was the fastest-growing product category in Lacoste stores last year, representing more than 20 percent of their sales as compared to 13 percent two years earlier. A large part of the production of the line has been shifted from Europe to Asia. Lacoste ...
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News briefs
Basicnet has announced a net consolidated profit of €10.3 million...
Basicnet has announced a net consolidated profit of €10.3 million for 2016, down from €16.8 million in the previous year. The company owns brands such as Kappa, Robe di Kappa, K-Way and Superga, and licenses them in many territories outside its domestic Italian market. As previously reported, Basicnet's aggregated sales ...
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News briefs
Footwear consumption in Argentina declined to 138 million pairs in...
Footwear consumption in Argentina declined to 138 million pairs in 2016, down by 6.2 percent from 2015. Meanwhile, sales of imported shoes increased to 27.4 million pairs in 2016 from 21.6 million pairs in 2015. The country's leather and footwear sectors initially criticized the government of President Mauricio Macri, who ...
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News briefs
The number of footwear and leathergoods companies in Italy's Marche...
The number of footwear and leathergoods companies in Italy's Marche region keeps going down, although it still accounts for 20 percent of the region's overall production. Marche is Italy's leading center of Italian-made footwear. According to reports in leatherbiz.com, there were 3,863 shoe and leathergoods companies in the region at ...
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News briefs
Much like ANWR (see the related story in this issue),...
Much like ANWR (see the related story in this issue), Sabu reported a drop in centralized settlements in the past year. They fell by 3.0 percent to €320 million. The management attributed the decline to cautious ordering by the affiliated retailers for the autumn/winter 2016/17 season, but said it expected ...
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Pollini is recording strong growth in China, where it is...
Pollini is recording strong growth in China, where it is planning to open between three and five new stores this year. Adding Moschino and its other fashion brands, Pollini's parent company, Aeffe, reported a 7 percent sales increase in China for last year. The Italian group's total revenues went up ...
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Zanotti increased 2016 sales by 4 percent to €172 million...
Zanotti increased 2016 sales by 4 percent to €172 million and expects to replicate, if not improve, this performance in 2017. The company said it has registered a pickup of sales in Greater China over the past four to five months. It also plans to open seven to eight stores ...
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News briefs
Luxury spending by international tourists jumped by 17.2 percent in...
Luxury spending by international tourists jumped by 17.2 percent in January, according to Global Blue, the tourism shopping tax refund company. The growth was primarily driven by Chinese, American and Russian customers. Global Blue's figures do not include spending in the U.S., Hong Kong and Dubai, where tax-free transactions do ...
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News briefs
Rubber prices shot up from a low of $1.50 per...
Rubber prices shot up from a low of $1.50 per kilo last September to $2.50 this past January, forcing suppliers of rubber soles to raise their own prices by a minimum of 10 percent. Among other factors, the price hike was due to floods in Thailand late last year, increases ...
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News briefs
The German shoe retailers affiliated with the ANWR Group saw...
The German shoe retailers affiliated with the ANWR Group saw their sales decline by 1.8 percent in 2016. The cooperative's centralized settlements in this sector declined by 2.2 percent to €1.6 billion. However, increases of 11.2 percent in sporting goods and 12 percent in leathergoods allowed the group's total centralized ...
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News briefs
Pittarosso saw its revenues increase by 25 percent to €345...
Pittarosso saw its revenues increase by 25 percent to €345 million in 2016. It was the fifth consecutive year with an annual sales increase exceeding 20 percent for the Italian chain of shoe shops. On a same-store basis, sales grew by 5 percent. The Italian shoe retailer has a network ...
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News briefs
Sales grew by 26 percent to $118 million for Stuart...
Sales grew by 26 percent to $118 million for Stuart Weitzman in the three months ended Dec. 31, due in part to a shift in the timing of deliveries. The Coach group, which acquired the brand in January 2015, raised its total sales by 4 percent to $1.32 billion during ...
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Italy's shoe exports fell by about one percent in volume...
Italy's shoe exports fell by about one percent in volume but rose by an estimated 2.6 percent in value last year, thanks to a 3.7 percent increase in the average export price to €42.29, according to preliminary figures. The Italian shoe industry is particularly worried about new declines in France ...
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News briefs
After rising in Russia, the consumption of luxury goods is...
After rising in Russia, the consumption of luxury goods is now taking off again in China and Hong Kong, after a difficult phase. This is what emerges from a recent report by Exane BNP Paribas, based on the figures of the fourth quarter of 2016. Analysts expect China to significantly ...
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News briefs
Italy is Japan's top supplier of shoes. In the period...
Italy is Japan's top supplier of shoes. In the period from January to November 2016, Italian shoes accounted for 28.9 percent of Japan's shoe imports. Italy is followed by Cambodia, with a 12.3 percent share of the Japanese market. According to figures released by the Italian Trade Commission (Ice), Italy ...
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News briefs
CCC Shoes & Bags, the Polish-based shoe retailer that is...
CCC Shoes Bags, the Polish-based shoe retailer that is branching out all over Central Europe, ended the year 2016 with a 38.3 percent increase in total revenues to 3,191 billion zlotys (€729m-$777m), including a 50 percent increase during the month of December. Revenues from its physical retail shops ...
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News briefs
Belle International, the leading Chinese footwear and sports retailer, saw...
Belle International, the leading Chinese footwear and sports retailer, saw an increase of 4.6 percent in comparable store sales at its sportswear and apparel stores in mainland China for the third quarter of its fiscal year, compared with a comparable store sales decline of 13.4 percent for the group's shoe ...
