The US–based designer and marketer of fashion footwear and accessories for women, men and children, announced decline in first quarter's profit despite increase of 6.3% in net sales
This represented the 20th straight quarter with net revenue growth above 20%. The company reviewed its net revenue outlook for 2015 raising it to approximately 3.78 billion US dollars
According to the local bureau of statistics, the country's footwear exports were down by 7.84% in value and 2.34% in quantity in March, resulting in deceleration of the exports' growth for the period July-March
The Spain-based group owns two brands, Callaghan and Gorilla, and has been in business for almost 5 decades. Mr Basilio García is the son of the founder and current CEO of the group
The international shoe manufacturer and retailer opened its first ever store in Pakistan, in the city of Karachi. Further stores will also be opened up in Lahore and Islamabad
The European platform's revenue grew in the first quarter of 2015 to 635-648 million euros (compares to 501 million euros in quarter one in 2014), an increase of 27-29%, according to preliminary figures