Lower sales for Caleres, but results top expectations
Caleres recovered in the third fiscal quarter compared with the previous quarter but sales continued to decline sharply year-on-year. The company warned that fourth-quarter sales could be some 20 percent lower than the previous year.
Vulcabras’ women’s shoe sales drop as the company focuses on sports
After production restrictions in the spring and early summer due to the pandemic, Vulcabras resumed full operations at its factories in July, capitalizing on a robust order backlog. It managed to lift overall sales in the third quarter, but sales of women’s shoes were lower as the company prepares to ...
Farfetch benefits from shift to buying luxury goods online
Luxury e-tailer Farfetch reported a sharp rise in third-quarter sales as it benefits from the growing trend of buying high-end products online.
Clarks’ CVA gets green light amid landlord fury over rent write-offs
Creditors of the British shoemaker and retailer Clarks have approved a deal that will see control of the company pass to a private equity firm amid criticism from landlords over the scale of rent write-offs.
Von Wellx steps up production in India
Von Wellx, the German orthopedic shoe brand owned by Casa Everz, has inaugurated a new production site in Agra, in the Uttar Pradesh state in northern India, as it ceases the production of footwear in China.
L.K. Bennett plans to close stores, axe jobs
Upmarket British retailer L.K. Bennett plans to close up to five stores and move its remaining shops to turnover-based rents under a proposed company voluntary arrangement (CVA).
Görtz makes its CEO a shareholder, hires a new CFO
The German footwear chain Görtz is opening its capital to its top manager as it undergoes a management shake-up and further advances its multichannel strategy by pushing its online presence.
New concept manager for ANWR’s Quick Schuh
The Ariston-Nord-West-Ring (ANWR) group has appointed a new concept manager for its discount-oriented franchising subsidiary Quick Schuh.
HR Group hires new managing director for Reno
The German shoe retailer HR Group has a new managing director for its Reno footwear chain. Starting from Nov. 1, the retail expert Steffen Rosenbauer will join the company, taking responsibility for Reno’s entire international brick-and-mortar retail as well as the chain’s e-commerce and marketing.
GMS affiliates suffer sales decline but outperform other German retailers
In this year’s pandemic-riddled market, affiliates of the Cologne-based shoe retailing association GMS managed to limit losses, achieving significantly better results than the national average.
Global footwear demand seen down by 22.2% in 2020
Global demand for footwear is expected to fall by 22.2 percent this year, due to the impact of the Covid-19 pandemic, according to an updated forecast made by a panel of experts for the latest Business Condition Survey of World Footwear. In its April edition, panelists had estimated the decline ...
U.S. footwear market showing signs of stabilization
The U.S. footwear industry suffered sharp sales declines in 2020 due to lifestyle changes and shifts in consumer behavior due to the Covid-19 pandemic, but trends are expected to stabilize and recover through 2021, according to NPD’s Future of Footwear report.
Most Italian shoe makers expects sales to fall by more than 20% this year
More than two-thirds of Italian shoe makers expect their revenues to fall by over 20 percent this year, assuming no worsening of the Covid-19 situation this autumn.