Quarter Results
Skechers with 2.7% decline in sales
The US-based brand closed 2019 with strong results, which continued into the beginning of 2020. However, the slowdown in global markets impacted by the Covid-19 pandemic lead to a 2.7% fall in sales in quarter one
Kering announces quarter heavily impacted by Covid-19
The luxury group has announced consolidated revenue in the first quarter of 2020 of 3 203.2 million euros, down by 15.4%, as reported (-16.4% on a comparable basis)
LVMH says its first quarter showed good resilience
The French-based luxury group recorded revenue of 10.6 billion euros for the first quarter of 2020, down by 15% compared to the same period in 2019 and down by 17% on an organic basis
Yue Yuen expands revenue
The Hong-Kong headquartered group has recorded revenue of 10 105 million US dollars in 2019, of which 6 000 were generated by the company’s manufacturing business and 4 105 from the retailing business
Burberry expects 30% drop in sales
The British-based luxury brand is already forecasting the hit from the impact of the Covid-19 pandemic. Burberry announced it is expecting a 30% decline in sales for the first quarter of 2020
Flat net sales at Genesco
In the last three months of the year, Genesco announced net sales of 678 million US dollars. The total for the complete year reached 2.2 billion US dollars
Caleres sales up by 3.1%
Despite the decline in consolidated sales in the fourth quarter (-3.0%), Caleres closed the year with a 3.1% increase in consolidated sales
Dick's Sporting Goods with increasing sales
The US-based retail chain has announced an increase in sales in the last fiscal year (+3.7%). Dick's remains enthusiastic about the business in 2019 balancing it with a degree of caution over the coronavirus
Tapestry with 1% increase in net sales
The company announced second quarter results with a 1% increase in net sales. Net income presented double digit growth rate in the period. Second half guidance includes negative impact of the coronavirus outbreak
Crocs closes the year with 13% hike in revenue
The famous clog brand has announced two digits growth rates for the fourth quarter of the year (+21.8%) and the full year (13.1%). Crocs closed the year with optimism, despite the coronavirus expected impacts
Wolverine with highest quarterly growth of the year
Mid-teens revenue growth from Merrell and Sperry in the fourth quarter drives good performance of the group. As a result, Wolverine recorded the highest quarterly growth of the year
Skechers with record annual sales in 2019
The American-based lifestyle and performance footwear company announced record fourth quarter sales of 1.33 billion US dollars and record annual sales of 5.22 billion US dollars in 2019
Puma with record sales
All regions and all product divisions were up by double digit rates, resulting in a 20.6% increase in total revuene. This made 2019 the best year in Puma's history
Caleres anticipates 3% decline in sales
The US-based footwear company reported preliminary fourth quarter consolidated net sales and is anticipating a 3% decline. Implications of the Coronavirus are still being assessed
Coach powers Tapestry performance in the quarter
Tapestry reported a 1% increase in net sales for the second quarter, much driven by Coach's 2% increase in net sales. Coronavirus will impact the performance for the full year, the company now anticipates-
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