All Financial results articles – Page 44
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News briefsShoe Carnival's Q4 comparable sales up by 6.4%
Shoe Carnival saw its net sales increase to $253.9 million in the fourth quarter ended Jan. 30 from $239.9 million a year earlier. Comparable store sales rose by 6.4 percent year-over-year during the quarter, on top of a 3.2 percent increase in the fourth quarter of fiscal 2019. The American ...
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ArticleANWR Group posts growth in 2020 but footwear business hit
Despite the challenging market conditions, ANWR Group expanded its business volume to €17.8 billion last year, up by 22 percent from the previous year. However, the coronavirus-related drop in orders hit the footwear and leathergoods businesses of the German cooperative. The group’s shoe business suffered a 20 percent fall in ...
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ArticleFootway’s new online platform has teething problems
Last April’s acquisition of Sportamore and its growing internationalization enabled Footway to expand the number of visitors and customers on its numerous websites across Europe, but reduced its profitability last year. With the inclusion of Sportamore for the last two months of 2020, the Swedish online shoe retailer reported a ...
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ArticleJimmy Choo’s Q3 sales decline by 26.7%
Jimmy Choo posted a 26.7 percent year-on-year decline in sales to $121 million in the third quarter ended on Dec. 26 as the luxury shoe brand continues to feel the impact of the Covid-19 pandemic. On a constant currency basis, revenues decreased by 27.3 percent. The shoe maker posted an ...
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ArticleGeox to close 110 stores over 3 years
Geox plans to close about 110 small and less profitable stores over the next three years following net closures of 107 during 2020. The shops will be closed as leases expire in order to avoid paying penalties. The pruning is expected to reduce the company’s annual sales by €65-70 million ...
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ArticleGabor sees return to growth in 2022
The German shoe manufacturer Gabor took a hit from the coronavirus pandemic and the resulting lockdowns as canceled reorders, payment defaults and short-time work at factories sent sales plummeting in 2020. It expects this year to be challenging and to return to growth in 2022. The Rosenheim-based company reported sales ...
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ArticleFerragamo’s Q4 sales slowdown reignites concern
In the fourth quarter, Salvatore Ferragamo’s sales slowed down compared to the third quarter despite a 61.1 percent year-over-year surge in online sales and double-digit growth rates in the retail business in China and Taiwan. The weakness of the top line reignited concern about the brand’s capacity to compete against ...
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News briefsAeffe sees signs of recovery
In 2020, the footwear and leathergoods division of Aeffe, the Italian fashion house that owns Pollini and other brands, posted a decline in sales of 16.2 percent, both on a reported basis and in constant currencies, to €107.4 million because of the Covid-19 pandemic. For the group as a whole, ...
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News briefsLVMH fashion and leather goods sales surge in Q4
Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 18 percent in the fourth quarter, reducing the full-year decline to 3 percent. On a reported basis, full-year sales for the division were down by 5 percent to €21.207 billion due to the ...
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News briefs
H&M sales decline accelerates amid new store closures
Hennes & Mauritz (H&M) saw net sales decrease by 23 percent year-on-year in local currencies in the period running from Dec. 1 to Jan. 27, up from the 10 percent decline seen in the fourth quarter ending Nov. 30, as its top line was hit by new temporary store closures ...
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Article
Lloyd’s sales plummet in 2020, company launches sustainable product line
The German shoe maker Lloyd Shoes posted a 35 to 38 percent drop in revenues last year as growth in online sales failed to compensate for the losses in brick-and-mortar stores, which suffered from coronavirus-related lockdowns. As the current lockdown in Germany is set to continue at least until Feb. ...
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ArticleEurope helps drive VF’s momentum
After posting a loss for the first quarter of its financial year, VF Corp. bounced back in the second quarter, and the third fiscal quarter ended Dec. 31 confirmed this recovery, driven by Europe and China. The good progress, which was attributed to in part to investments made in previous ...
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ArticleTod’s to restructure its debt with €500m ESG-linked financing
Tod’s will repay all existing medium-term loans and cancel a revolving credit facility (RCF) after having signed a €500 million credit agreement with a pool of banks led by Intesa Sanpaolo. The new five-year sustainability-linked loan is composed of a €250 million term facility and a new €250 million RCF. ...
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News briefsRecord sales for Polygiene
In a business update, Polygiene said its sales for the fourth quarter soared by 41.4 percent to a record 26.9 million Swedish kronor (€2.7m-$3.2m) in the fourth quarter of 2020. The company added that Addmaster, its newly acquired British subsidiary, had even stronger growth. Sales to Polygiene excluded, Addmaster’s revenues ...
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News briefsSchuh reports strong holiday comparable sales
Genesco said that comparable sales, including both stores and direct sales, fell by 3 percent during the eight weeks ended Dec. 26, 2020. Same-store sales decreased by 14 percent, while e-commerce revenues surged by 49 percent on a comparable basis during the period. Comparable sales results exclude periods of time ...
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Article
Stella’s revenues down by 19% in Q4
Stella International continued to struggle in the fourth quarter, ending a difficult year for the Chinese footwear company. Shipment volumes for the last three months of 2020 were down by 21.7 percent from the year-ago quarter to 10.8 million pairs, while total revenues plunged by 18.9 percent to $280.1 million, ...
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News briefs
Yue Yuen’s manufacturing revenues fall by 27%
Yue Yuen’s revenues from footwear manufacturing fell by 27 percent in terms of U.S. dollars in 2020, including a drop of 16 percent in December. The group’s retail subsidiary, Pou Sheng, improved its sales by 1 percent thanks to a strong finish of the year, with sales up by 11 ...
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ArticleBoohoo lifts revenue guidance as Christmas sales soar
The fast fashion online retailer Boohoo has raised revenue forecasts after a better-than-expected 40 percent surge in pre-Christmas sales. The owner of Nasty Gal, Karen Millen, Oasis and Warehouse now expects revenue to increase by 36-38 percent in the year to Feb. 28, up from an earlier guidance of 28-32 ...
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ArticlePrimark loses £540m in sales in 4 months due to Covid
The Irish clothing retailer Primark suffered a loss of sales of £540 million (€608m-$739m) in the 16 weeks to Jan. 2 due to store closures deriving from lockdowns in various European countries to combat the spread of the Covid-19 pandemic. Primark posted sales of £2,031 million (€2,288m-$2,778m) in the period, ...
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News briefsAsos upbeat about profits but warns about Brexit costs
The fashion online retailer Asos indicated that its full-year profit will be at the top end of market expectations but warned that it faces £15 million (€16.8m-$20.5m) in Brexit tariff costs. Sales jumped by 23 percent to £1.36 billion (€1.53bn-$1.86bn) in the four months to Dec. 31, with a 36 ...
