All Shoe Intelligence articles in Volume 22, Issue 3+4 – Page 4
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Article
A good quarter at Ugg’s parent company and new plans in Europe
Deckers Brands, the parent of Ugg and other footwear brands, recorded good sales and earnings in the third quarter ended on Dec.31, once again boosted by Hoka One One, which is now selling fewer shoes in the U.S. than in the rest of the world. The group’s total revenues ...
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Article
Skechers invests in omni-channel
In reporting a strong 23.1 percent increase in overall revenues to $1,330 million for the fourth quarter of 2019, Skechers ’ management revealed that it is developing a new omni-channel retailing platform where its brick-and-mortar stores will be more integrated with its e-commerce operations. Online sales still represent less ...
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Article
Stuart Weitzman continues to decline
Tapestry said that Stuart Weitzman ’s sales fell by 7 percent to $116 million in the fiscal second quarter ended on Dec. 28. At constant currency rates, the decline narrowed to 6 percent. This came after declines of 9 and 8 percent for the footwear brand in the first quarter. ...
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Article
Jimmy Choo inches up
Jimmy Choo is not growing as fast as before. Its parent company, Capri Holdings , said that Jimmy Choo booked sales of $165 million in the fiscal third quarter ended on Dec. 28, up by 1.9 percent both in current and constant currency rates. On a currency-neutral basis, global comparable ...
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Article
Another CEO for Stuart Weitzman
Eraldo Poletto will quit on March 1 as chief executive and brand president of Stuart Weitzman , the American footwear company owned by the Tapestry group, to be replaced by Giorgio Sarné . The group, formerly called Coach , acquired Stuart Weitzman in 2015 for more than $530 million, but ...
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Article
Record operating margin of 30.1% for Kering
Kering grew a little faster than LVMH in 2019, rising by 16.2 percent to €15.88 billion, with a growth of 13.3 percent on a comparable basis. The group’s operating income (Ebit) went up by 19.6 percent to €4.78 billion, resulting in a record margin of 30.1 percent and breaking the ...
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LVMH grows by 15%
The world’s largest luxury goods group is going from strength to strength. A 20 percent increase to €22.2 or €18.4 billion for the revenues of its Leathergoods and Fashion division, which includes market stars like Louis Vuitton and Christian Dior , helped LVMH to post an overall sales increase of ...
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Article
Ferragamo posts 2.3% higher sales in 2019 r
In contrast to Tod’s , which has been purposely reducing its exposure to wholesale clients (see the related story in this issue), Salvatore Ferragamo performed better at wholesale than in its own retail stores last year, except in Europe and China. Without providing profit figures at this stage, the ...
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Article
Tod’s benefits from its DTC orientation
For the second quarter in a row, Tod’s beat market expectations in terms of sales development as the group registered the “first positive signs” of its strategy of renewing its collections more regularly and reducing its exposure to wholesale clients. Tod’s posted fourth-quarter sales of €238.4 million, up by 1.7 ...
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Article
India may hike import duties on footwear
In presenting his country’s budget, Indian Finance Minister Nirmala Nitharaman reportedly proposed to raise customs duties on certain types of imported footwear to 35 percent from 25 percent to help protect labor-intensive industries. “Cheap and low-quality imports are an impediment to their growth. Special attention has been taken to ...
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Article
Shoes24 increases sales by 36%
The German Schuhe24 Group , which includes the online platforms Schuhe24 for footwear, Sportmarken24 for sports products, Outfits24 for clothing and Taschen24 for handbags, reports a new record for the 2019 financial year with sales of €75 million. With a sales increase of 36 percent as compared to the previous ...
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Article
Footway slows down
Footway , the Swedish e-commerce site, continues to grow with increased sales and good profitability, but its growth has slowed. Sales in the fourth quarter amounted to SEK 308.4 million (€29.3m-$31.7m), an increase of 16.7 percent. They grew by 30.4 percent for the year to SEK 990.9 million (€94.0m-$101.9m). ...
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Article
Ambitious new goals for CCC
The management board of CCC , the Polish shoe manufacturer and retailer, has announced new ambitious growth objectives through 2022. It said that it plans to increase its sales to an annual level between 8.5 billion and 9.0 billion zloties, around €2 billion, by the end of 2022. At ...
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Article
JD’s acquisition of Footasylum hits anti-trust hurdle
Mike Ashley , the maverick boss of Sports Direct , must be jumping with joy at getting his way with his criticism of JD Sports Fashion ’s acquisition of Footasylum last April, which is again being questioned by the U.K.’s Competition and Markets Authority (CMA). The CMA launched a review ...
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Article
Spartoo acquires Easy Peasy
Spartoo has acquired Easy Peasy from the Noël group, which was put into liquidation in the autumn of 2019. The financial details of the acquisition have not been disclosed. Easy Peasy is an eco-friendly brand that makes baby booties. The brand was founded in 2008 by two young creatives who ...
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Article
Dr. Martens’ owner buys Golden Goose for €1.28 billion
The London-based private equity firm is buying a majority stake in the Italian footwear company Golden Goose from another investment group, the Carlyle Group . The size of Permira ’s investment was not released but financial sources indicated that the price tag was €1.28 billion – a price more or ...
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Article
Micam Milano replaces Micam Americas
Informa Markets , a British organizer of exhibitions and events, has joined forces with the Micam Milano to launch Micam Americas , scheduled to run for the first time from Aug. 17 to 19 in Las Vegas. It will replace FN Platform and run alongside two other important fashion events ...
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Article
Coronavirus is starting to hit the world economy
More than 1,500 people have died and more than 50,000 have been infected in China alone as of today. The virus is now spreading abroad and putting a serious dent in the world’s economic activity. The virus has spared no part of the supply chain for footwear, as China accounts ...
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