Companies
Wolverine Worldwide revises fiscal 2024 guidance
The US-based company reported lower revenues and robust margins. While sales decreased by 7.4% year-over-year, gross margin increased by 450 basis points as a result of reduced supply chain costs
Golden Goose reports revenue growth in the first nine months of 2024
The Italian-based luxury footwear brand has reported a revenue of 466 million euros in the first nine months of 2024, up by 12% year-over-year. New store openings and strong online traffic drove DTC performance
Under Armour reports revenue decline with improved profitability
The US-based sportswear company has increased its gross margin, although this was partially offset by lower revenues in all markets. Fiscal 2025 guidance has been positively revised
adidas reports nine month revenue growth
The German-based sportswear company has raised its guidance for 2024 and now expects 1.2 billion euros in operating profit, driven by sales momentum and disciplined cost management
Puma reports nine month results amid currency headwinds
Currency pressures and higher operating expenses impacted Puma’s 2024 nine-month results. However, the German-based company reaffirmed its guidance on the back of revenue growth in the Americas and DTC performance
Nike appoints new Chief Diversity Equity and Inclusion Officer
The US-based sportswear company has appointed Kizmet Mills as its new Chief Diversity Equity and Inclusion (DEI) Officer. She is the fifth person to hold the role since 2020
Vulcabras achieves the highest EBITDA in its history
The Brazilian footwear company has reported a strong performance in the third quarter. It has achieved its highest EBITDA ever, thus validating the consistency of its business strategy
RM Williams targets the UK as part of global expansion
The Australian-based bootmaker plans to open new UK stores in the coming months. The company aims to use the country as a launchpad for its international growth strategy, while remaining true to its heritage
Deichmann acquires Esprit shoe trademark
Amid insolvency proceedings, Esprit has sold its shoe brand rights in Europe and the United States to Deichmann. The German-based shoe retailer aims to expand its footwear offering in these markets
Wolverine Worldwide appoints Susie Kuhn to lead Active Group
The US-based company has announced the appointment of industry veteran Susie Kuhn as President of its Active Group, which includes the Merrell, Saucony, and Chaco brands
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VF Corp reports sequential quarterly improvement
Although the company’s revenue was still down year-on-year in the second quarter, there were signs of improvement, especially in the performance of Vans, which has weighed on VF’s overall performance
Footasylum secures new bank funding to boost UK expansion
The new funding from HSBC UK will be used to expand stores, improve technology and support exclusive brands. The agreement encourages Footasylum to meet sustainability targets to decrease loan costs
Skechers reports record third quarter results
The US-based footwear company reported record third quarter results, boosted by international and domestic sales, and set strong guidance for the fourth quarter and full year 2024
Birkenstock expands presence in South Korea with new e-commerce platform
The global brand with German roots has launched a dedicated e-commerce website and loyalty programme in South Korea. Birkenstock also plans to open physical stores in 2025-
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