Shoe Zone sees full-year profits halved as sales fall on weak consumer confidence, weather
Shoe Zone has halved earnings forecasts in another profit warning and claimed that recent tax and wage measures in the recent British government’s budget would force it to close an unspecified number of stores.
Birkenstock posts higher-than-expected Q4 results
Birkenstock reported revenues of €456 million in its fourth quarter ended Sept. 30, up by 22 percent on the year earlier on both a reported and constant currency basis. Financial analysts were expecting a top line of €440 million.
Designer Brands continues to ‘de-weatherize‘ business as Q3 boot sales slump 27%
Designer Brands said it would continue to take steps to reduce its reliance on seasonal footwear after sales of boots slumped 27 percent in the third quarter ended Nov. 2, nearly double the 15 percent decline it had forecast.
Genesco more optimistic on outlook as Journeys turnaround gains pace
Genesco raised its sales and earnings guidance for its 2025 fiscal year, as the turnaround of its Journeys division accelerates, offsetting softer demand and a more cautious outlook for its Schuh and Johnston & Murphy businesses.
Ecco has a new CEO
Ecco’s CEO, Panos Mytaros, has stepped down and been replaced by the group’s Chief Commercial Officer, Thomas Gøgsig. No explanation was given regarding the change at the helm.
Caleres cuts earnings guidance, sees more balanced international growth
Caleres once again cut its sales and earnings guidance for its full fiscal year, after a slump in boot sales made the biggest contribution to disappointing financial results for the third quarter ended Nov. 2.
Dr. Martens sees early signs of recovery in US as new products sell well
Dr. Martens reported signs of “encouraging” trading since the start of the autumn/winter season, with new products selling well in the US, despite the troubled footwear maker swinging to a loss for the half year on weak demand across all regions.
Shoe Carnival accelerates store rebranding as hurricanes, warm weather hurt Q3 sales
Shoe Carnival is accelerating with plans to rebrand some of its Shoe Carnival stores into the higher-priced Shoe Station banner, after the success of an initial 10 stores that have made the switch.
Golden Goose’s adjusted Ebit rises 8%
In the first nine months of 2024, Golden Goose’s adjusted Ebitda rose by 11 percent to €163 million, resulting in an Ebitda margin of 35.0 percent against 34.9 percent a year earlier.
Fast growth in footwear operations helps drive sales at Coats
Coats expects full-year results to be in line with expectations and forecasts an operating margin of around 18 percent, driven by strong sales growth in its footwear and apparel operations.