Product & Marketing – Page 163
-
ArticleArezzo & Co posts best Q1 sales ever
Arezzo & Co posted record sales for a first quarter, with gross revenues reaching 1,042 billion Brazilian reais (€200.7m), up by 64 percent from the previous year and by 125 percent compared with the first quarter of 2019. The Brazilian company achieved 28 percent of its gross revenues with franchisees, ...
-
News briefs
Russell and Bromley to open a store in Dublin
The British footwear brand Russell and Bromley plans to open a store in Dublin, its first outside its domestic market, this autumn. The 1,300 square-feet store will be located in Grafton Street and will comprise the brand’s men and womenswear collections. The chief executive, Andrew Bromley, described the opening as ...
-
ArticleShoe Carnival returns to a normal product sales split
Shoe Carnival saw a return to retail normality in the fiscal first quarter, as the sales split moved back to the pre-pandemic division of 50 percent athletic and 50 percent non-athletic footwear. As expected, sales and earnings dipped in the three months ended April 30, as the U.S. retail chain’s ...
-
ArticleShoe Zone resumes dividend distribution after paying back Covid loan
Shoe Zone reinstated dividend payments after having fully paid off the outstanding balance of 4.4 million pounds (€5.2m) of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). The scheme was launched to during the Covid-19 pandemic to help medium and large sized businesses access loans and other kinds of finance ...
-
News briefs
Zegna targets annual revenues above €2 bn
The Italian fashion house Ermenegildo Zegna is aiming for annual revenues of over €2 billion and an adjusted Ebit margin of at least 15 percent in the medium-term. In 2021, the company posted revenues of €1.292 billion and an adjusted Ebit margin of 11.5 percent. In the first quarter of ...
-
News briefs
German painter Norbert Bisky designs new comfort shoe for Finn Comfort
The German shoe manufacturer Finn Comfort has partnered up with the Berlin-based artist Norbert Bisky to design a new comfort shoe. The figurative painter designed a limited leather comfort sneaker based on his 2013 series of works entitled “Masse”. Inspired by the Berlin club scene, they were exhibited as ...
-
ArticleStuart Weitzman sales continue to recover
Stuart Weitzman, the footwear brand of the U.S. fashion group Tapestry, posted in the third quarter ended April 2 sales of $63.9 million, up by 11 percent on a reported basis and 10 percent at constant currency rates. Digital sales represented 20 percent of quarterly revenues. The group pointed out ...
-
ArticleGeox confirms sales outlook despite Ukraine conflict
Geox confirmed a full-year target for sales of over €700 million after posting strong and accelerating growth in the year to date, although it warned the target could be challenging should there not be a rapid resolution to the conflict in Ukraine and highlighted persistent pressures on margins due to ...
-
ArticleGlobal second hand footwear market seen reaching $43.1bn in 2032
The global second hand footwear market is expected to grow by a compound annual growth rate (CAGR) of 12.5 percent reaching a valuation of $43.1 billion by the end of 2032, according to Persistence Market Research. The market will be mainly driven by growing importance of the sustainability concept. But ...
-
ArticleDesigner Brands launches a new store format
Designer Brands, the parent company of the footwear retailer DSW Designer Shoe Warehouse, has launched a new retail store format called “Warehouse Reimagined”. The new format is smaller, around 15,000 square feet rather than the typical 25,000 square feet of existing DSW stores, but Designer Brands’ chief executive officer, Roger ...
-
News briefs
Eli Group 2021 revenues reach €70.5m
Eli Group, the company that manages the footwear of the Italian apparel brand Liu Jo, posted sales of €70.5 million in 2021, up from €45 million in 2020. Sixty percent of the top line was achieved outside Italy. The company beat the €50 million target set in its business plan. ...
-
News briefs
Golden Goose’s annual sales reach €386m
The Italian footwear and apparel company Golden Goose, known for its premium sneakers, posted sales of €385.6 million in 2021, up by 45 percent from a year earlier and by 328 percent from 2019. Revenues in the Americas rose by 75 percent compared with 2020 and by 111 percent from ...
-
News briefsPollini’s Q1 sales rise 43.5%
Aeffe, the Italian fashion house that owns the footwear brand Pollini, booked revenues of €101.6 million in the first quarter of 2022, up by 26.8 percent on the year earlier on a reported basis and up by 26.5 percent at constant currency rates. Pollini’s sales grew by 43.5 percent and ...
-
ArticleYue Yuen's profit dips on retail drag
Yue Yuen Industrial reported a 10.8 percent drop in first-quarter net profit to $97.1 million compared to $108.4 million in the year-ago period ended March 31, as growing manufacturing capacity was overshadowed by weak sales at its Pou Sheng Intl. retail subsidiary due to the resurgence of Covid-19 in mainland ...
-
News briefsJD Sports lifts annual guidance despite footwear shortages
Britain’s JD Sports Fashion raised its annual profit outlook, despite a global shortage of key footwear styles and indicated upbeat sales so far this year. The company said it now expected profit before tax and exceptional items for the year to January 29 to be about £940 million (€1.1bn) and ...
-
ArticleHotter Shoes posts double-digit rise in Q1 sales but warns of ‘challenging’ year
The British retailer Hotter Shoes reported a double-digit increase in first-quarter sales and maintained its annual guidance, but warned of challenging conditions for the rest of the fiscal year. Owned by Unbound Group, Hotter Shoes also reported an improvement in gross margin despite the macroeconomic backdrop of rising inflation, supply ...
-
News briefs
Görtz wins German store of the year award
The German footwear chain Görtz was among the winners of the Stores of The Year awards, handed out by the German retail association, Handelsverband Deutschland, during the Retail Property Conference in Berlin. The award honors outstanding and innovative retailers who redesigned or renovated their stores in the last year. ...
-
News briefs
ANWR Garant expands management board
ANWR Garant International has expanded its management board to promote and oversee the ever-increasing internationalization of wholesale trade within its partner network. On May 1, the company appointed its long-standing commercial director Thomas Bast to the board. Bast, who has worked for companies in the ANWR Group in various ...
-
ArticleTod’s is confident about 2022 after posting positive Q1 results
In the first quarter of 2022, Tod’s reported sales of €229.6 million, up by 23 percent year-over-year. At constant exchange rates, top line growth was 20 percent growth. The revenues of the Italian luxury goods manufacturer beat market expectations of €212 million and were above pre-pandemic levels. Among the group’s ...
-
News briefs
Sanuk releases gender-neutral footwear collection in partnership with Pacific Pride Foundation
U.S. footwear company Sanuk, a division of Deckers Brands, announced the next version of its partnership with the Pacific Pride Foundation, the largest LGBTQ+ center between Los Angeles and San Francisco that works to create a thriving and visible LGBTQ+ community. Created in collaboration with artist and designer Maggie Johnson, ...
