U.S. shoe and clothing maker Kenneth Cole Productions Inc posted a first-quarter loss as inventory cutbacks at its major wholesale partners and lower consumer spending drove a 16 percent fall in revenue.
Steven Madden Ltd raised its 2009 profit outlook and the shoe maker expects to report first-quarter results above market estimates, driven by the performance of the Steve Madden Womens and Madden Girl brands.
Shoe company Deckers Outdoor Corp posted better-than-expected first-quarter results, helped by strength in its UGG brand, but it forecast a second-quarter loss, sending its shares down more than 7 percent.
Shoe maker Wolverine World Wide Inc posted a first-quarter profit that beat market expectations, as strong sales at key brands and lower operating expenses helped offset some of the hit from unfavorable foreign exchange rates.
The Italian label Hogan is organizing a number of charitable events for the benefit of Best Buddies International, an association founded in 1989 which helps people with mental disabilities to improve their quality of life by forming friendships and finding a job.
Already present in Asia and in Hong Kong, Jimmy Choo has decided to accentuate its presence there. To do so, the shoemaker has signed a joint-venture with Bluebell Far East Limited – an existent partner – to open new boutiques.
Italian luxury shoe and bag maker Tod's SpA left its 2008 dividend unchanged at 1.25 euros a share on Tuesday March 24 after reporting a 7.9 percent rise in its net profit to 83.4 million euros ($113.7 million).
To the four corners of the fashion world they have become the eye-catching part of a feminine silhouette. Today, Louboutin boutiques can be seen almost throughout the world. The last to date – in Sao Paolo – is also the first in Latin America.
Shares of Collective Brands Inc, the holding company for shoe sellers like Payless ShoeSource and Stride Rite, fell more than 23 percent Wednesday March 11, a day after the company posted a bigger-than-expected quarterly loss and said it sees store counts dropping in 2009.