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.
Tod’s enjoys recovery in Asia
Tod’s is seeing signs of recovery in Japan and South Korea on top of the strong growth already enjoyed in China. But the company warned that to meet market expectations, it would need some “respite” in store closures in the fourth quarter. Financial analysts anticipate full-year sales of €647 million. ...
Losses continue for Yue Yuen
Despite China’s resilience against the pandemic in the third quarter, Yue Yuen Industrial Holdings remained in the red, following two quarters of losses. The company was strongly impacted by government measures to contain the spread of the disease at the start of the year, and although the Pou Sheng Chinese ...
Geox suffers accelerated sales decline amid new lockdowns
Geox has suffered a 30.0 percent decline in like-for-like sales in the fourth quarter to date - bringing the like-for-like sales decline in the year so far to 32.0 percent - amid new temporary store closures due to a second wave of the Covid-19 pandemic in its main markets. Comparable ...
Ferragamo books strong sales growth in China
Salvatore Ferragamo enjoyed very strong growth in China during the third quarter and in October. At constant-currency rates, retail sales in the Asian country surged by 38.3 percent year-on-year during the quarter and further accelerated in October. The Italian fashion company also posted “solid” retail sales growth in South Korea ...
Better-than-expected Q3 results for Wolverine
Although they were down on last year’s third quarter, Wolverine Worldwide posted better-than-expected sales in the three months to Sept.26, led by double-digit growth from Saucony and Chaco.
Jimmy Choo sees opportunity to hike prices, expand casual footwear range
Jimmy Choo has reached breakeven in the second quarter and sees the opportunity to significantly increase its prices and to expand its casual footwear assortment.
Bogs steps up as Covid lockdowns hit Q3 sales at Florsheim
U.S. shoemaker Weyco swung to a third-quarter loss as lower casual and formalwear sales offset a strong performance from the Bogs North American outdoor wholesale unit.
Zalando Q3 sales volumes up by 29.9%
In the third quarter, Zalando’s gross merchandise volume (GMV) grew by 29.9 percent to €2.5 billion while revenues advanced by 21.6 percent to €1.8 billion. The German e-tailer continued to benefit from accelerated consumer shift towards digital purchases and the “strong performance “of its Partner Program and Lounge services.
Amazon Q3 sales up 37%, net profit triples
Amazon’s third-quarter sales grew by 37 percent to $96.1 billion. They were boosted by booming online transactions during the coronavirus crisis worldwide, which prevented or discouraged shoppers from purchasing in physical stores. Excluding a $691 million favorable impact from year-over-year changes in foreign exchange rates during the quarter, sales increased ...