All Financial results articles – Page 52
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News briefs
German shoe machinery suppliers have tough 2019
For German suppliers of shoe and leather machines, 2019 was a troubled business year. According to the German industry association VDMA TFL (Textile Care, Fabric and Leather Technologies), German manufacturers of shoe and leather machines managed to export €39.77 million in machines during the first 11 months of 2019, 16.6 ...
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ANWR Germany reports lower centralized settlements
At its Campus Second trade show held on March 3-5 in Mainhausen, near Frankfurt, ANWR looked at its 2019 business year. ANWR’s two main German retail cooperatives, ANWR Schuh and Garant, recorded a decrease in centralized settlements from €885 million in 2018 to €865 million in 2019. At the ...
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With higher sales and visits, Zalando pushes its marketplace
Zalando’s momentum keeps going, and the e-tailer is looking at new ways to grow after posting strong results for the fourth quarter of the year. One of the highlights was a jump in the number of site visits, which progressed by 31.9 percent to 960.7 million. The company’s revenues ...
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Vulcabras has restructured its production
Noted for its insistence on local manufacturing of athletic and women’s shoes, the Vulcabras Azaleia group completed the second wave of expansion of its two main factories in Brazil at the end of last year. While starting the second phase of its expansion program, it concluded in January the sale ...
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Alpargatas’ growth softened in Q4
Against the backdrop of a Brazilian economy that grew by just 1.0 percent in 2019, in line with the previous one, Alpargatas’ consolidated revenues grew by 9.8 percent last year to 3,712 million Brazilian reais (€672.4m-$724.4m), driven by the improvement of Havaianas in international markets. The adjusted net income went ...
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E-commerce drove Steve Madden
Steve Madden issued a cautious outlook for 2020 due to headwinds from the coronavirus outbreak, China tariffs and the termination of the Kate Spade footwear license. It said on Feb. 27 that it expected revenues to remain flat or to increase by 1 percent compared with 2019, but then on ...
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Florsheim outperforms Bogs
After three quarters of growth, Bogs’ sales declined in the fourth quarter of 2019, by 5 percent. The brand’s parent company, the Weyco Group, which also owns the international Florsheim network of stores, said that warm temperatures and lower precipitation across large parts of Canada and the U.S. resulted in ...
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Designer Brands closes all U.S. stores
Designer Brands, the American shoe retailing group previously called DSW, managed to significantly narrow its net loss in the fourth quarter. However, this good performance might be short-lived, as the group announced that it has closed all its stores in the U.S. from March 17 until further notice, due to ...
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Britain’s Schuh Group tops guidance at Genesco
Genesco, the parent company of shoe retail chains such as Journeys and Johnston & Murphy in the U.S. and Schuh in the U.K., achieved profits that exceeded analysts’ expectations. Its net income for its fourth fiscal quarter, ended on Feb.1, reached $35.5 million, compared with a loss of $63.9 million ...
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Famous Footwear stands out in Caleres’ results
Last week Caleres withdrew its previous financial outlook, which included the estimated impact of the supply chain disruption related to the coronavirus outbreak during the first quarter of the current financial year. Its forecast called for its total revenues to remain flat this year, with those of its Brand Portfolio ...
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Rocky Brands’ momentum continues
After several quarters of good results, Rocky Brands ended the year on a high, scoring a net income increase of 41.0 percent for the fourth quarter to $5.1 million, on revenues that went up by 12.1 percent to $75.3 million, both exceeding analysts’ forecasts. The management attributed the significant ...
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Crocs returns to profits in Q4
Crocs continued to reap the benefits of its efforts to restructure, ending the year with a profit against a loss for the same quarter a year ago. In the fourth quarter ended Dec. 31, it delivered strong direct-to-consumer (DTC) growth and sell-through at the wholesale level, leading revenues to reach ...
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Chemicals and coronavirus weigh on Wolverine’s results
The group’s two biggest footwear brands, Merrell and Sperry, helped Wolverine Worldwide finish the last year on a high in terms of revenues, with both of them scoring growth in the mid-teens for the fourth quarter ended on Dec. 28. The company also benefited from an acceleration in direct-to-consumer sales ...
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Geox’s FY net loss widens on one-off charges, lower sales
Geox’ net loss for the last financial year widened to €24.8 million from €5.3 million in 2018 as the company booked €15.0 million in one-off costs, against €9.8 million the previous year, and suffered a 2.6 percent decline in sales to €805.9 million (see Shoe Intelligence Vol. 22 n. 1+2 ...
