Footwear major Bata India after delivering strong results in the third quarter ended December 2018 is eyeing double-digit growth going forward on the back of its massive expansion planned next fiscal.
Neeman’s has officially launched its range of 100% percent merino wool shoes in collaboration with The Woolmark company. The brand aims to expand across India and then other Asian countries in the coming year.
Liberty Shoes witnessed a 55 percent drop in its net profit to Rs 1 crore ($1,40,183) for the third quarter ended December 2018 as against the Rs 3 crore it had posted during the corresponding quarter last fiscal.
German sportswear firm Puma gave a conservative forecast for 2019 on Thursday despite strong quarterly sales helped by demand for its chunky RS-X shoes and Cali sneakers, sending its shares down more than 5 percent.
New Look was upbeat on Wednesday as it focused on the positives in its end-of-Q3 report rather than its continuing sales fall. But it seemed justified in that view as the business is clearly improving.
Bata India saw its net profit surge 51 percent to Rs 108 crore ($15.3 million) during the third quarter ended December 2018 as against Rs 68 crore it had reported in the corresponding quarter last fiscal.
Skechers announced on Tuesday that it has purchased the minority share of its Indian joint venture, making the business a wholly-owned subsidiary of the footwear company as it looks to boost its presence in the country.
Chloé’s capsule collection for the Chinese New Year is the brand’s second collaboration with the Indian artist Rithika Merchant. The collection features Merchant’s artwork and her interpretation of the Year of the Pig.
The trade show, which takes place from 8 to 10 February, will debut a new format, combining fashion and footwear. 34.5% of the almost 800 exhibitors will be new brands as the event continues to focus on sustainability.