All Financial results articles – Page 47

  • StockX picture
    Article

    StockX sees ‘remarkable’ growth in Q3

    2020-10-13T05:56:00Z

    StockX, the online resale exchange for sneakers and streetwear, counted 25 million global monthly visitors to its platform in the third quarter and “continues to grow at a remarkable rate” as the resale market expands globally. In a third-quarter snapshot looking at its international performance, StockX noted that sell-side transactions ...

  • Zalando
    News briefs

    Zalando raises full-year guidance on strong Q3 performance

    2020-10-10T06:29:00Z

    Zalando has raised its outlook for the full year after “exceptionally strong and profitable growth” in the third quarter. The German online retailer now expects gross merchandise volume (GMV) to grow by 25-27 percent, revenues to increase by 20-22 percent and adjusted Ebit to reach €375-425 million in the full ...

  • CCC
    Article

    CCC focuses on Central and Eastern Europe

    2020-10-08T16:30:00Z

    Online sales were the main driver of growth in the latest quarter for CCC, the international Polish-based shoe manufacturer and retailer, and the company continues to invest heavily to develop its e-commerce infrastructure. Meanwhile, the company is letting go of unprofitable parts of the business in Western Europe, and has ...

  • Pittards 2
    Article

    Pittards sees more opportunity than risk in the “new normal”

    2020-10-05T17:30:00Z

    Despite losing nearly half its sales and posting a net loss in the first half six months of the year, Pittards sees “more opportunity than risk in the new normal that is emerging.” The British leather and leathergoods manufacturer, which owns the brand Daines & Hathaway, suffered a 45 percent ...

  • H&M 2
    Article

    H&M expects 250 net store closures in 2021

    2020-10-01T17:23:00Z

    Hennes & Mauritz (H&M) expects a net decrease of about 250 stores in 2021, as the Swedish retailer faces growing pressure to sell online. It highlighted that rapid changes in customer behavior have been further accelerated by the Covid-19 pandemic. Therefore, it is stepping up the pace of its transformation ...

  • Boohoo
    Article

    Boohoo raises FY guidance on H1 results

    2020-09-30T17:07:00Z

    The British online fashion group Boohoo has raised full-year forecasts after a better-than-expected 51 percent rise in first-half pre-tax profits to £68.1 million (€74.6m - $87.4m). Sales for the six months to Aug. 30 rose by 45 percent to £816 million (€894.6m - $1.04bn). The company benefited from being able ...

  • obuv rossii store
    Article

    Obuv Rossii’s August sales rebound sharply

    2020-09-20T06:35:00Z

    Obuv Rossii has enjoyed a strong rebound in sales. In August, the company’s revenues increased by 1.5 times compared to July and exceeded 1 billion rubles (€13.3m -$11.2m), achieving the highest monthly level this year. Its top line exceeded by 16 percent the average monthly revenues seen in the first ...

  • Zara
    Article

    Inditex returns to profit in Q2

    2020-09-17T09:16:00Z

    Inditex , the Spanish group that owns the brands Zara, Pull Bear, Massimo Dutti , Bershka, Stradivarius, Oysho, Zara Home and Uterqüe, returned to a net profit of €214 million in the second quarter ended on July 31 compared with a 409 million loss in the first quarter. Financial analysts ...

  • News briefs

    Ferragamo posts €86 million net loss in H1

    2020-09-15T18:12:00Z

    Salvatore Ferragamo posted a net loss of €86 million in the first half of 2020, down from a profit of €60 million a year earlier due to the impact of the Covid-19 pandemic. As previously reported, sales amounted to €377 million, declining by 46.6 percent year-on-year on a reported basis ...

  • crocs
    News briefs

    Crocs sees Q3 sales up by 10%

    2020-09-15T10:35:00Z

    Crocs expects third-quarter revenues to rise by about 10 percent compared to $312.8 million in the third quarter of 2019 thanks to ”exceptional consumer demand and strong sell throughs,” said Andrew Rees, president and chief executive officer. “We expect revenue growth of approximately 10% in the third quarter and anticipate ...

  • ANWR
    Article

    ANWR footwear revenues drop 19% in first seven months of the year

    2020-09-13T08:17:00Z

    In the first seven months of this year, the total business volume of the ANWR Group went up by 53 percent to €10.2 billion, driven by a 76 percent increase to €8.6 billion in financial services, but the buying groups of ANWR suffered a 10.7 percent decrease in their own ...

  • tods 3
    Article

    Tod’s posts operating loss in H1, low visibility on future trend

    2020-09-09T17:03:00Z

    The Italian shoe maker Tod’s posted operating losses in the first half of 2020 due to the impact of lockdown and travel restrictions adopted to tackle the spread of the Covid-19 pandemic. It signaled that the start of the third quarter was better than the trend seen in the previous ...

  • Designer Shoe Warehouse
    Article

    ​Designer Brands sees challenging H2 as Q2 sales fall by 42.8%

    2020-09-07T08:53:00Z

    The American shoe retailer Designer Brands, formerly known as DSW, expects the Covid-19 pandemic will continue to have a significant impact on its business in the second half of 2020, with a double-digit decline in sales likely and a return to profitability seen as “challenging.” As consumer preference shifts from ...

  • genesco
    Article

    Genesco sees back-to-school selling season prolonged, holiday season to start early

    2020-09-07T05:58:00Z

    Genesco experienced a slowdown in its recovery in July because of an uptick in Covid-19 cases in the U.S. But it expects the back-to-school period to last until late September, or even later, and the holiday season, generally considered to run from late November to early January, to start earlier.

  • Shoe Carnival
    Article

    Shoe Carnival’s sales soar to record highs in Q2

    2020-09-02T09:49:00Z

    After a difficult first quarter, Shoe Carnival recorded a strong rebound in sales in the second fiscal quarter ended Aug. 1, led by e-commerce. The American footwear retailer reported record revenues that were up by 12.1 percent year-on-year to $300.8 million, exceeding the previous record set in the third quarter ...

  • Moscow Exchange
    Article

    Obuv Rossii parent launches capital hike to finance its development

    2020-08-25T10:05:00Z

    OR PJSC, the parent company of the Russian footwear group Obuv Rossii, is planning to place additional shares worth 2.8 billion rubles (€31.7m-$37.4m) to finance the group’s development. The company is offering 28,264,000 new ordinary shares, which corresponds to 24 percent of the previously placed ordinary shares. In 2017, OR ...

  • Stella Luna
    Article

    Stella posts $9 million loss in H1

    2020-08-22T06:46:00Z

    Stella International posted a net loss of $9.3 million for the first half, against net income of $39.2 million last year, on revenues that dropped by 32 percent to $511.5 million. The gross margin fell by 1.4 percentage points to 16.6 percent, due to cancelled or delayed orders, as well ...

  • Alibaba
    Article

    ​Alibaba’s core domestic business returns to pre-Covid levels

    2020-08-21T13:38:00Z

    The giant Chinese e-commerce company Alibaba said that its domestic core commerce business has ”fully recovered” to pre-Covid-19 levels during the first quarter ended on June 30. Revenues rose by 34 percent year-over-year to 153.8 billion yuan renmimbi (€18.8bn-$22.2bn) during the quarter, beating market expectations of RMB 148 billion. Annual ...

  • Yokono office
    Article

    Yokono expects to slightly increase in full-year sales

    2020-08-20T16:19:00Z

    Yokono, a Spanish footwear specializing in sandals, hopes to finish 2020 with a slight increase in sales despite a fall in revenues in the first half due to the impact of the coronavirus pandemic. Last year, the company, which is based in the footwear cluster of Elche, posted sales of ...

  • Yue Yuen 3
    Article

    Yue Yuen posts a $136.7 million loss in H1

    2020-08-19T08:48:00Z

    Yue Yen Industrial Holdings was hard hit by China’s measures to contain the spread of coronavirus. The world’s largest shoe manufacturer posted a net loss of $136.7 million for the first half of 2020, against net income of $165.9 million for the year-ago period. The company managed to reduce operating ...