News
Under Armour reports solid fourth quarter
The US-based company posted profits in the fourth quarter of fiscal 2023, on a comparable basis to the same period of fiscal 2022, and delivered full-year revenue and earnings in line with the previous outlook
JD Sports set to purchase Groupe Courir
The UK-based retailer announced that it plans to acquire the French Groupe Courir for an enterprise value of 520 million euros as part of the previously outlined growth strategy
Hugo Boss raises full year outlook
The German-based fashion group has raised its forecast for the current financial year on the back of strong results recorded in the first quarter of 2023, in which its sales rose by 25% year-on-year
Alpargatas posts a decline in revenue and profits
The Brazilian owner of Havaianas announced that it is looking to increase efficiency after posting a decline in revenue and profits in the first quarter of 2023. The company's CEO has resigned
Foot Locker names former Nike executive to lead WSS brand
The US-based retailer has appointed Blanca Gonzalez to the role of Senior Vice President and General Manager of its WSS banner, effective 15th of May
Chinese luxury retail rebounds
Chinese buyers are spending more on European brands at a time when the country's economy is rebounding following the lifting of COVID-19-related travel restrictions, says Vogue Business
Skechers to acquire its Scandinavian distributor
The US-based footwear company announced that it has signed an agreement to purchase its existing Scandinavian distributor, Sports Connection Holding ApS
Farfetch launches Reebok's partnership
The luxury online retailer has commercially launched the previously announced partnership with Reebok to run the brand's European e-commerce sites and its wholesale distribution
Catherine Hinderman: luxury isn’t just in the value of the product itself, it’s also in the story behind it
We sat with Catherine Hinderman, CEO and co-founder of the Indian-based brand Gaia Amore. Born out of a passion for culture, history and fashion, this brand stands for the concept of new luxury, that is, valuing not only the product but the hands and story behind it. And that story might have begun ages ago
Latin American Footwear Forum to be held in the Colombian city of Cúcuta
The next edition of the Latin American Footwear Forum will take place on the 22nd and 23rd of June in Cúcuta, Colombia, and address the topics of trade integration, sustainability and legal trade
Sam Edelman launches resale programme
The Caleres-owned footwear brand has unveiled a new resale programme for its products. Called ReLove, this peer-to-peer platform was created in partnership with the tech and sustainability platform Archive
Kankura Golf: ten years devoted to golf
With steady growth, the Portuguese brand of golf footwear has reached the 10-year milestone. Eyes are now set on the American dream and doubling sales already in 2025
Yue Yuen to invest 276 million USD in a factory in India
The Hong Kong-based group has entered into a memorandum of understanding with the government of the state of Tamil Nadu to build a manufacturing facility in India
Gap to cut about 1 800 jobs
The US-based apparel company will lay off about 1 800 jobs to streamline operations and cut costs, thus joining the list of US companies that have been downsizing over the past months
UK-listed retailers' profit warnings fall to the lowest quarterly total since 2020
In the first quarter of 2023, UK-listed retailers' profit warnings fell to the lowest quarterly total since 2020, but “persistent inflation, high-interest rates and tightening consumer spending” continue to challenge the sector
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