All Shoe Intelligence articles in Volume 19, Issue 17-18 – Page 4
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News briefs
Marcato Capital Management, the activist investor that has been criticizing...
Marcato Capital Management, the activist investor that has been criticizing the management of Deckers Brands and wants it to sell its assets, has come up with a list of ten new executives that it has nominated for seats on the company's board of directors. The board is up for renewal ...
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News briefs
Abicalçados, the Brazilian footwear industry association, has conducted an in-depth...
Abicalçados, the Brazilian footwear industry association, has conducted an in-depth study on the footwear market in Russia, in collaboration with Apex, Brazil's export promotions agency. Abicalçados values the Russian footwear market at $10 billion in 2016, and 75 percent of the shoes sold in the country are imported from abroad. ...
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News briefs
Eram is celebrating its 90th anniversary with the release of...
Eram is celebrating its 90th anniversary with the release of a limited line of shoes, called Choose, that can change color. Fiber optic cables woven into the upper react through a Bluetooth connection to signals coming from the wearer's smartphone. An app developed by a French company, Phoceis, allows the ...
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News briefs
Hermès reported a particularly high operating margin of 34.3 percent...
Hermès reported a particularly high operating margin of 34.3 percent for the first half of this year, up from 33.9 percent in the year-ago period. Net earnings rose by 11 percent to €605 million. As previously reported, the French luxury goods company's sales increased by 11 percent to €2,713 million ...
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News briefs
China's shoe exports declined by 3.4 percent to 222.3 billion...
China's shoe exports declined by 3.4 percent to 222.3 billion yuan renminbi (€28.6bn-$34.0bn) in the first eight months of this year, according to the China Leather Industry Association (CLIA). On the other hand, an official of the association has reportedly indicated that there has been a rise in imports and ...
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News briefs
N°21, a brand founded by Alessandro Dell'Acqua, saw revenues increase...
N°21, a brand founded by Alessandro Dell'Acqua, saw revenues increase by 117 percent in 2016 to €52 million. Around 45 percent of the turnover was generated in Asia. The brand has a flagship store in Milan's centre of fashion, on via Santo Spirito, and 14 franchised stores, mainly in Asia. ...
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News briefs
The Portuguese city of Porto will host the 20th International...
The Portuguese city of Porto will host the 20th International Technical Footwear Congress of UITIC, the International Union of Shoe Industry Technicians, next May 16-18. A committee steered by the Portuguese shoes industry association (Apiccaps) and Portuguese footwear technology center, CTCP will organize the convention and its program, which will ...
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Article
Jimmy Choo’s pre-tax profits jump by 174%
Jimmy Choo reported strong revenues and earnings for the six months to June 30, citing continued growth in sales and margins despite a challenging operating environment. The company benefited from the weak pound and a strong performance in the expanding men's category.Total revenues were up by 16.5 percent over the ...
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News briefs
Shoe exports from Brazil grew by 14.7 percent in U.S....
Shoe exports from Brazil grew by 14.7 percent in U.S. dollars in the first seven months of this year, reaching $608 million, but this was only due to a foreign currency exchange gain, and the country's shoe industry association, Abicalçados, is concerned about the country's future competitiveness following a recent ...
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News briefs
Primark is expected to report a 13 percent sales increase...
Primark is expected to report a 13 percent sales increase in constant currencies for the financial year ended Sept. 16, with growth of 20 percent in local currencies and one percent on a same-store basis, according to its parent company, Associated British Foods. The operating margin was higher than 10 ...
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