News
Neiman Marcus with significant loss
The Texas-headquartered department store group reported falling third quarter revenue. Net loss reached 31.2 million US dollars, a worse result than the 19.9 million US dollars net loss from the previous year
Dick's Sporting Goods consolidates sales
The Pittsburgh-based sporting goods retailer announced results for the first quarter ended on the 4th of May. Net sales for the first quarter of 2019 increased by roughly 1%
Bangladesh: leather industry below exports target
Notwithstanding the good performance of leather footwear exports, the leather industry as a whole registered a decline of 8.69% in revenue in the first 10 months of the year. The industry is below the target set for exports
Perlato, tradition meets innovation
Lovely handmade could easily be the motto of this Portuguese-based footwear company
Geox with lower sales
The Italy-based footwear brand reported first quarter results, marked by a 1.3% decline in sales at current exchange rates (-1.6% at constant rates)
Timberland to open 30 stores in Europe
The company is part of VF Corporation's portfolio and is planning a heavy investment in Europe next year. 25 to 30 new stores might be on the pipeline for the region, in a combination of franchise and own stores
VF with new Executive Vice President Global Supply Chain
The North-Carolina based group has announced the appointment of Cameron Bailey to the position of Executive Vice President, Global Supply Chain, effective from Juneonwards
Leather Naturally celebrates another milestone
After successfully raising over 1.5 million US dollars to fund a global campaign to promote leather, the Leather Naturally initiative now confirms that it has over 100 members
France to ban destruction of unsold goods
The country's Prime Minister announced draft legislation to ban the destruction of unsold or returned consumer products. The new measure would oblige brands to donate or recycle unsold goods
Stein Mart to install Amazon pick-up lockers
Amazon customers will soon be able to receive delivery of their orders at nearly 200 Stein Mart stores across 28 states. The giant ecommerce player has been focusing on some similar initiatives
Deckers: sales increase to a new record
The California-based company announced financial results for the fourth fiscal quarter and fiscal year ended on the 31st of March 2019. Despite a small decline in sales in the last quarter the company hit a new record for annual revenue
India’s leather footwear exports up by 1%
According to the Council for Leather Exports in the first 10 months of the fiscal year exports of leather footwear increased by roughly 1%. Exports of the overall leather industry are declining
JBS USA announces 95 million US dollars' investment
The Brazil-based company announced a 95 million US dollars expansion project at its Grand Island (Nebraska) beef production facility
CCC with excellent quarter performance
Good sales results in March impacted the growth of revenue in the first quarter by nearly 60%. The sales dynamics in the segment of e-commerce had a significant impact on the achieved level of revenue
Footwear industry leaders joined forces against tariffs
Last week, the leaders of 5 industry associations in the US signed a letter addressed to President Trump, opposing the proposed tariffs on shoes and other accessories coming from China
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