Steve Madden beats its own expectations in Q1
Steve Madden beat its own expectations in the first quarter of 2021 with revenues increasing by 0.5 percent to $361.0 million and a net income of $21.2 million, or $0.26 per diluted share, compared to net loss of $17.5 million, or $0.22 per diluted share, a year earlier.
Crocs ups guidance after rising by over 60% in Q1
Raising its guidance for the full financial year after a very strong first quarter, Crocs predicted that its revenues will grow by between 40 and 50 percent in 2021 from last year’s level of $1,386 million, up from its previous forecast of 20-25 percent growth.
Stella bounces back in Q1
In a business update, Stella International said revenues for the first quarter increased by 15.3 percent to $303.4 million. This is mainly due to a favorable comparison base with last year’s first quarter, when the Chinese company’s revenues were affected by store and factory closures, as well as lower demand ...
Skechers is boosted by international wholesale and digital
Lifted by robust international demand, Skechers’ revenues jumped by 15.0 percent in the first quarter to a record level of $1,428.4 million, as compared to a year ago. Sales outside of the U.S. soared by 20.2 percent to represent 58 percent of the total turnover. In particular, the International Wholesale ...
Sequential Brands cannot comply with its covenants
Sequential Brands, a U.S. group that has a portfolio of consumer brands including Heelys, Avia and DVS, said that it is not expected to be able to comply over the next twelve months with certain of its financial covenants.
Asos posts record profits on lockdown shopping boom
In the first half ended Feb. 28, the British online retailer Asos more than tripled pre-tax profits to a record £106.4 million (€122.8m-$145.8m) and raised full-year expectations as it continues to benefit from the Covid-19 pandemic.
Daphne International cuts its net loss as it changes business model
The women’s footwear company Daphne International Holdings ended 2020 with a 77 percent reduction of its net loss to 242.0 million Hong Kong dollars (€26.5m-$31.1m) as an 83 percent drop in revenues to HK$ 363.9 million (€39.9m-$46.8m) resulted in a sharp fall in selling and distribution expenses as well as ...
H&M March sales up by 55%
In the period from March 1-28, Hennes & Mauritz (H&M)’s net sales increased by 55 percent in local currencies, recovering from a 21 percent decline in the first quarter that ended Feb. 28.
Record sales and earnings for Shoe Carnival
Shoe Carnival had its best fourth quarter ever, with revenues reaching $253.9 million in the three months ended Jan. 30, 2021, a 5.8 percent increase from the year-ago quarter. Comparable-store sales increased by 6.4 percent.
Pittards posts operating profit in H2
Pittards, the British leather and leathergoods manufacturer, which owns the brand Daines & Hathaway, posted a positive Ebitda of £0.3 million (€0.35m-$0.41m) in the second half of 2020, albeit down from £0.9 million (€1.0m-$1.2m) a year earlier. For the whole of 2020, the company posted a negative Ebitda of £1.1 ...