Alibaba does not provide guidance due to Covid uncertainty
The Chinese e-commerce group Alibaba did not provide a guidance for the full year ending in March 2023 due the uncertainty generated by the re-emergence of the Covid-19 pandemic in China which has been affecting its domestic business.
Caleres hikes sales, earnings outlook after record Q1
Caleres raised its guidance for revenues and profits for the full year after posting its best-ever first quarter for sales, gross margin and earnings.
Deckers’ FY revenues top $3 bn for first time, Hoka set to surpass $1 bn
Net income rose by 106 percent to $68,819,000 from $33,458,000 for the three months ended March 31 as total revenues grew by 31 percent to $736.0 million from $561.2 million. Operating income rose to 11.0 percent from 10.1 percent. Deckers Brands’ gross margin declined to 48.7 percent from 53.2 percent, ...
Moncler sees footwear representing 10% of revenues
Moncler expects footwear to represent 10 percent of its revenues in 2025, driven by demand for luxury sneakers in the U.S. The Italian luxury goods brand, known for its down jackets, generated sales of €589.9 million in the first quarter of 2022, up a reported 61 percent on the year ...
Aldo’s North American creditors approve its restructuring plan
Aldo Group said that its North American creditors have voted in favor of its restructuring plan, almost two years after the footwear and accessories company filed for protection under Canada’s Companies’ Creditors Arrangement Act.
Pikolinos aims to be a leader in sustainability
Pikolinos decided in January to adopt a new corporate structure giving to the three children of the founder Juan Perán Ramos full control of the Spanish footwear company, which is expected to end the fiscal year finishing in April 2022 with revenues of around €100 million. Under the new organization, ...
Clarks hires the head of Champion as its new CEO
Clarks announced that Jonathan Ram will be its new CEO in April, taking the place of Victor Herrero. Ram will be leaving the U.S. clothing group HanesBrands, where he is president of global activewear, on March 31 to join the British shoemaker.
Footwear loses importance in OR Group’s online sales
Between Jan. 1 and Jan. 10, which corresponds to the Orthodox Christmas holidays, OR Group’s online sales grew by more than 30 percent compared to the same period in 2021. Household goods were the fastest-growing segment, with their share reaching 32 percent of total online sales.
Skechers downsizes its board
Skechers has reduced the size of its board of directors to seven members, following the resignation of four current members and the addition of a new one, Zulema Garcia, who will serve on the company’s audit committee. Garcia spent 24 years at KPMG before joining Herbalife Nutrition as senior vice ...
Nearly half of U.S. shoppers to spend less on shoes
A survey released by the Footwear Distributors and Retailers of America (FDRA) indicated that 48 percent of U.S. consumers plan to spend less on shoes this spring than last year and that 49 percent of shoppers are putting off footwear purchases because of inflation.
Brazilian, Indian footwear stocks outperform in a weak environment
In the first quarter of 2022, the share prices of footwear companies fell sharply, tracking global equity markets lower. But, the Indian and Brazilian companies that we monitor for our stock performance survey outperformed their peers over the period.
Brazilian exports at their highest since 2011
In February 2022, Brazilian footwear exports rose by 36.2 percent in volume to 13.58 million pairs and by 75.5 percent in value to $108 million, according to data released by the Brazilian footwear association, Abicalçados. In the first two months of 2022, exports rose by 40 percent in volume to ...
The war in Ukraine hits the German shoe industry after a strong 2021
HDS/L, the federal association of the German footwear and leather goods industry, brushed a cautious picture of the situation in the sector, with new global challenges looming just as the coronavirus pandemic loosened its grip on Europe.
