All Vulcabras articles – Page 2

Article

Vulcabras bolstered by sports brands, e-commerce

2022-05-04T13:01:00Z

Vulcabras’ net income soared by 270 percent to 54.0 million Brazilian reais (€9.2m) in the first quarter of 2022. Operating earnings (Ebit) jumped by 203 percent to R$64.4 million (€10.9m) in the period ended March 31, as the gross margin increased by 1.2 percent to 35.2 percent versus 34.0 percent ...

Article

Mizuno and Under Armour help Vulcabras to sell more athletic shoes and apparel

2022-03-10T17:12:00Z

Vulcabras’ net income rose by 49 percent to 81.3 million Brazilian reais (€14.6m) in the fourth quarter of 2021. Operating earnings (Ebit) went up by 58 percent to R$89.3 million (€16.1m) in the period ended Dec. 31, as the gross margin hit 36.1 percent versus 32.7 percent a year earlier ...

News briefs

Vulcabras gets top ratings for sustainability

2022-01-27T18:05:00Z

Vulcabras has been certified by three Brazilian industry bodies, as a most sustainable shoe manufacturer in the country. The Brazilian parent of Olympikus, which manufactures 25 million pairs of shoes a year at its own factories in the country, It is the first one in the sector to be using ...

Article

Mizuno license helps lift Vulcabras’ sales

2021-11-11T17:10:00Z

A relaxation of anti-Covid measures in Brazil and the addition of Mizuno’s license for the country, which was effectively transferred from Alpargatas to Vulcabras on June 30, helped to boost the latter’s revenues by 40.0 percent to a record 535.9 million Brazilian reais (€86.5m-$99.1m) in the third quarter as compared ...

Infographics & Data

The largest athletic footwear brands 2020

2021-09-28T11:28:00Z

This chart shows the revenue development of the top 24 athletic footwear brands brands in 2020 vs 2019. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.

Article

Vulcabras’ sales growth accelerates in Q2, driven by athletic footwear

2021-08-11T16:25:00Z

Vulcabras, the Brazilian footwear company that owns Olympikus and has licenses with Mizuno and Under Armour, saw sales growth accelerate in the second quarter of 2021, despite continued headwinds tied to the Covid-19 pandemic. Its revenues soared by 304.7 percent on the year earlier to 399.4 million Brazilian reais (€65.6m-$77.0m), ...

Article

Vulcabras reports higher sales, lower margins

2021-05-13T05:41:00Z

Vulcabras reported strong sales in the first quarter of 2021, rising for a third consecutive quarter despite the impact on the Brazilian company of the Covid-19 pandemic, which led to the closure of physical retailing in the country at the beginning of March. Due to the lockdowns, a significant part ...

Article

Vulcabras ends 2020 on a high note

2021-03-11T11:59:00Z

Vulcabras posted double-digit growth in the last three months of 2020, despite the impact of the pandemic on the shoe market in Brazil. Revenues rose by 22.8 percent from the year-ago quarter to 459.1 million Brazilian reais (€66.7m-$79.4m) and net income jumped by 21.1 percent to R$54.6 million (€7.9m-$9.4m). After ...

Article

Vulcabras achieves good revenues for the third quarter

2020-11-18T17:16:00Z

After production restrictions in the spring and early summer due to the pandemic, Vulcabras resumed full operations at its factories in July, capitalizing on a robust order backlog. It managed to generate a significant sales increase year-on-year. The parent company of Olympikus, which is also the Brazilian licensee for Under ...

Article

Vulcabras takes over Alpargatas’ Mizuno license

2020-09-28T08:41:00Z

An asset reshuffle involving three of Brazil’s leading footwear manufacturers will result in Vulcabras Azaleia focusing on sports with its Olympikus brand and the distribution of Under Armour in Brazil, while getting out of the women’s sector and taking over a Mizuno license from Alpargatas, which will concentrate on its ...

Article

Vulcabras banks on its business model for the recovery

2020-08-13T13:03:00Z

Vulcabras, parent company of Olympikus and Brazilian licensee for Under Armour, claims that its business model, which relies for the most part on in-house shoe production at two modern factories in the Brazilian northeast, is giving it a unique agility in responding to the Covid-19 crisis, positioning it as an ...

Article

Vulcabras has restructured its production

2020-03-24T11:34:00Z

Noted for its insistence on local manufacturing of athletic and women’s shoes, the owner of the Olympikus brand and licensee of Under Armour in Brazil completed the second wave of expansion of its two main factories in Brazil at the end of last year. While starting the second phase of ...