Shoemakers announce positive business results
A number of footwear and apparel producers have reported significant boosts to their sales figures in recent months. Deckers’ fiscal quarter ending 30th June saw revenue increase by 78.2 per cent, with net sales rising to $504.7 million (£363.5 million). Revenue from footwear gave PUMA a strong second quarter, with a growth in shoe sales of 114 per cent. Nike reported revenue for the year of $44.5 billion (£32.0 billion), an increase of 19 per cent year-on-year. Own-brand footwear sales were $28 billion (£20.2 billion). Columbia Sportswear logged ‘record’ first half revenue, in which net sales grew by 35 per cent to $1.2 billion (£864.3 million). Skechers’ sales in the second quarter increased by just over 127 per cent – exceeded expectations and producing a record of over $1.6 billion (£1.2 billion). VF Corporation – owner of such brands as Timberland and Vans, beat first quarter expectations, with revenue growing by 104 per cent to $2.2 billion (£1.6 billion).
The photograph above shows PUMA products – the company's Q2 footwear sales grew by 114 per cent.
This article was originally published on page 3 of the September 2021 issue of SATRA Bulletin.