Companies
Schuh to cut jobs as part of a restructuring effort
Amid challenging economic conditions, the UK-based footwear retailer has started a voluntary redundancy process. The number of employees affected is not yet known
adidas closes 2024 with strong figures
The German-based company has reported strong preliminary figures for the fourth quarter and full year 2024. Shortly afterwards, news of job cuts as part of a restructuring of its headquarters began to appear in the media
Strong third quarter for Richemont
The Swiss-based luxury group has reported a strong third quarter, underpinned by double-digit growth in all regions except Asia, where Mainland China remains the weak spot
Zalando raises profitability guidance after better-than-expected fourth quarter
The Germany-based online multi-brand retailer has raised its profitability forecast for the fiscal year 2024, following a better-than-expected fourth quarter, driven by strong customer growth
Employment in the footwear sector expected to stabilize
In the latest edition of the World Footwear Business Conditions Survey, two-thirds of our panel members responded that they believe the level of employment will stabilise in the next few months. Get free access to the report with the main conclusions
Kurt Geiger posts record figures in December amid retail expansion
As it continues to expand its presence in North America, the British luxury footwear and accessories brand says December 2024 was the most profitable month in its history
Caleres lowers its outlook for the full year once again
The US-based footwear company has announced a further cut in its full year sales and earnings outlook, after recording lower-than-expected sales in mid-December and January
US footwear industry helps LA fire victims
Deckers Brands, Skechers, Merrell, APL, Two Ten Footwear Foundation and Soles4Souls are among the companies and organisations coming together to help the victims of the LA fires
JD Sports cuts full year profit guidance amid challenging market conditions
The UK-based retailer has posted a solid trading update for the third quarter of its fiscal year, but has lowered its full year profit guidance in recognition of challenging and volatile market conditions
Authentic Brands Group names new President
The US-based management brand company has named former Wynn Resorts CEO Matt Madox as President. He succeeds Nick Woodhouse, who will assume the role of Executive Vice Chairman
Industry is anticipating an increase in the quantity of footwear sold
More than 65% of the respondents of the last edition of the World Footwear Business Conditions Survey expect quantities of footwear traded to increase. The report with the main conclusions of the 11th edition of the survey can be obtained now
Macy’s to close 66 stores as part of turnaround strategy
The US department store chain has confirmed the closure of 66 stores as part of its Bold New Chapter strategy, which aims to return the company to sustainable, profitable sales growth
Stella Holdings ends the year on a gloomy note but full year performance holds up
An increase in sports orders helped the Hong Kong-based footwear manufacturer end the year 2024 with revenue up by 3.5% year-over-year, but the fourth quarter ended on a gloomy note
Under Armour appoints SVP of global brand and Americas marketing
The US-based sportswear company has appointed Tyler Rutstein, who has previously worked at adidas and Overtime, as its senior vice president of global brand and Americas marketing
Next raises full year profit outlook
Following a strong Christmas trading period, the British fashion retailer has raised its profit before tax forecast for the current financial year by 5 million British pounds to 1.010 billion British pounds-
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