Footwear
Yue Yuen reports revenue up by 6.7%
The Hong-Kong-based company has announced its results for the first nine months of the year. Revenue continues to increase, with a major contribution from the retail segment (+19.4%)
The recovery of Russian imports
In the first semester of 2017, footwear imports by Russia increased by 41.9% in volume and by 32.6% in value. After the growth registered in 2016, the country seems to be on the recovery path
23% drop for Genesco's earnings
Despite reporting stable revenue for the third quarter (+0.8%), Genesco confirmed declined earnings for the period. The company lost one fifth of its earnings
Vivarte sells Merkal Calzados
The sale of the Spanish footwear brand to British private equity firm OpCapita is part of the ongoing restructuring program of the French retailer
Birkenstock named Brand of the year
The recognition was given at the Annual Footwear News Achievement Awards in New York city. This marks the second time the German brand receives such top honor, after also being awarded in 2013. The prize was received by Birkenstock Global CEO, Markus Bensberg, and Birkenstock Americas CEO, David Kahan
Portuguese Shoes: a new cool
APICCAPS, the Portuguese Footwear Association, presented the new communication campaign for 2018. Portuguese Footwear has a younger and refreshed look to reach a new generation of consumers
Aldo and Global Citizen team up to drive access to education
Aldo, a global player in fashion footwear and accessories, is joining forces with Global Citizen, an international advocacy organization. As a result, a limited edition of the Mx. sneakers is being launched to take a stand on equal access to education with their Give Back, Move Forward campaign
Growth of Italian exports to the CIS area
Assocalzaturifici, the Italian Footwear Manufacturers' Association, announced that exports of Italian companies to the CIS area have increased by 12.8% in the first 7 months of 2017
Clarks' new in-store tracking inventory system
The aim of the footwear manufacturer and retailer is to improve the in-store response times and assistant productivity. The system is based on in-store tablets for staff
Head for footwear leaves Under Armour
Peter Ruppe leaves the company after two years as the head Under Armour's footwear segment. Ryan Drew will replace him
Alpargatas continues to decline
The Brazil-based footwear manufacturer, known by its casual footwear, posted another quarter with declining net revenue across all geographies
Caleres keeps on the growing path
Despite the impact of the hurricanes and the warm fall, the US-based footwear group posted positive growth of 5.8% in sales in the third quarter. Annual guidance was reaffirmed
adidas appoints new managers for Europe
The Germany-based sportswear group has appointed new General Managers for its operations in important Europe markets. France, Italy and Iberia will have new business heads
Ferragamo loses 25% of profits
The Italy-based luxury brand has posted a decrease in revenue for the quarter and for the accumulated in the year. Decline in profit for the first nine months of the year reaches the 25% threshold
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