Results
Ferragamo continues to struggle amid decreasing consumer confidence
The Italian luxury group reported a third quarter revenue drop of 7.2% year-on-year due to weak demand in the Asia Pacific region and declining wholesale sales, despite gains in Japan and Latin America
adidas exceeds expectations with third quarter results
Preliminary results for the third quarter of 2024 show adidas with increased revenue and higher gross and operating margins. As a result, the company raised its full year guidance for the third time in 2023
LVMH reports drop in third quarter revenue
The luxury group has reported a 3% decline in organic revenue in the third quarter of the year, as compared to the same period of last year, including a 5% year-on-year decline in its fashion and leather goods division
Uniqlo parent company reports strong full year
The Japan-based fashion retailer Fast Retailing has reported “considerable full-year revenue and profit gains” for fiscal 2024, driven by Uniqlo’s performance both at home and abroad
International sales soar at SportsShoes.com
The UK-based footwear and outdoor gear e-commerce retailer has reported a 22% increase in international sales in the first half of its fiscal year, as compared to the same period of last year
JD Sports posts first half sales growth
The UK-based sports retailer has reported an organic sales growth of 6.4% in the first half of fiscal 2025, as compared to the same period of last year. Full year outlook remains unchanged
Nike reports weak first quarter ahead of CEO change
The US-based sportswear giant has reported a sharp fall in revenue and profits in the first quarter of its current fiscal year, ahead of the forthcoming CEO change
Geox shuts down its New York office as part of a strategic review
The Italian-based footwear brand has confirmed the closure of its NYC office, signalling a shift in its US business strategy after a 13.7% fall in North American revenue in the first half of 2024
H&M reports weak third quarter
The Sweden-based fashion group has reported a “slow” third quarter, as sales remained flat and costs hit profits, resulting in a drop in its full year operating profit margin outlook
Caleres reports lower net sales amid operational challenges
The US-based group maintained a strong gross margin of 45.5%, driven by the Brand Portfolio segment, as reporting challenges and weak seasonal demand affected the company’s guidance
Designer Brands posts decline in sales and gross profit in the second quarter
The US-based company faces a challenging environment with shrinking gross margins and rising debt. As net sales fell in the second quarter, Designer Brands reported a weaker outlook for 2024
Inditex continues to grow
The Spain-based fashion group has reported a strong performance in the first half of the year, with sales and net income up by 7.2% and 10.1%, respectively, on the same period of last year
Genesco exceeds expectations and slightly raises its full year forecast
Journeys boosts Genesco’s sales in the second quarter of fiscal 2025, as the company navigates store closures and cost-saving measures
Strong first half for Golden Goose
The Italian-based luxury sneaker company has reported a strong first half performance, driven by continued growth in the DTC channel, particularly in EMEA and the Americas regions
Unfavourable weather impacts second half sales of Primark in the UK and Ireland
The parent company of Primark has reported that it expects lower revenue in the second half of the year, as wet weather in the UK and Ireland hit its performance in the region-
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