All Financial results articles – Page 51
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Article
Zalando issues a profit warning, offers to help stores
Zalando has warned that its first-quarter results will not meet market expectations because of the impact of Covid-19. Meanwhile, the company is offering to waive commissions for participation in its Connected Retail program to German and Dutch retailers until May 31. The company will also postpone its annual general meeting, ...
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Article
Geox sees 20% drop in DOS sales during Q1
Geox expects sales of its directly-operated stores (DOS) to have declined by 20 percent in the first quarter because of the impact of Covid-19. In the 12 weeks to March 22, comparable sales for DOS dropped by nearly 15 percent because of store closures, first in Italy and then throughout ...
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News briefs
Stella International Holding's results
Stella International Holding posted consolidated revenues of $345.4 million in the final quarter of 2019, representing a 10.9 percent drop as compared to the same period in 2018. The Chinese group experienced an 8.6 percent decline to 13.8 million pairs in the volume of manufactured shoes, accompanied by a drop ...
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News briefs
Gabor Shoes' results
Gabor Shoes recorded total sales of €362 million in 2019, which represents another decrease in sales. The figure includes the company’s licenses, Gabor Shop & Store and Gabor Footwear. Gabor recorded total sales of €377 million in 2018 and the previous year achieved total sales of €383 million, which was ...
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News briefs
Schuhplus' results
Schuhplus, the German mail-order retail specialist for extra-large men’s and women’s shoes, has posted an increase of 34 percent in its operating result for 2019. It has not published detailed figures. In 2018, the German company recorded an increase of 25 percent and stated that it was the most successful ...
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News briefs
Caleres' results
Caleres’ preliminary fourth-quarter results show a dip of 3 percent in sales to $700 million, about $53 million short of analysts’ expectations. Its brands – Sam Edelman, Vionic, Via Spiga, Dr. Scholl’s and others – should generate revenues of about $346 million for the quarter, down by about 9 percent ...
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News briefs
Aeffe's results
In 2019, Aeffe’s revenues from footwear and leathergoods rose by 8.3 percent, both at current and constant exchange rates, to €128.2 million. The Italian fashion group, which owns Pollini and other brands, increased overall sales by 1.2 percent to €351.4 million. At constant currency rates, the top line was up ...
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Article
Wildberries’ sales nearly double
In 2019, Russia’s biggest online retailer, Wildberries, expanded its revenue by 88 percent as compared to the previous year to 223.5bn rubles (€3.22bn- $3.54), the company said in a statement. The growth accelerated in December, when the turnover was 96 percent higher than in December 2018, with its website was ...
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Article
VF lowers its outlook
In releasing its results for its third quarter ended on Dec. 28, VF Corporation said its business in the financial year so far has performed at the high end of its group’s long-term growth objectives, but the management admitted that it will not be able to meet the targets it ...
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Article
Disappointing results for Grendene
The last quarter was a difficult one for Grendene, with revenues and profits that did not match expectations. The Brazilian group – which owns brands such as Ipanema and Melissa – sold 49 million pairs during the period, or 6.6 million fewer than in the year-earlier quarter. Gross revenues ...
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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 store ...
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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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Article
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 15 ...
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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 Italian ...
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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
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 year, ...
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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). In ...
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News briefs
BasicNet profits
BasicNet has reported a net profit of €21.05 million for 2019 as compared to €21.01 in the previous year. It actually recorded an increase of 11 percent excluding a tax benefit received in 2018. As previously reported, the aggregated wholesale-equivalent sales generated by its brands, including Kappa and Superga, grew ...
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News briefs
YouGov survey
YouGov, a market research institute, recently published an online survey of 900,000 Germans aged 18 and over. According to that survey, Deichmann offers the best price/performance ratio in the German fashion retail sector. A German chain of drugstores, dm, ranked first overall, followed by Lidl and Deichmann. C&A ranked 10th ...
