Companies
Burberry shows signs of recovery
A 2% year-on-year increase in comparable sales in the second quarter of its financial year was reported by the UK-based luxury group. Growth in Greater China also resumed during this period
Wolverine Worldwide taps Justin Cupps as head of its Work Group
The US-based company has appointed Justin Cupps as President of its Work Group. He will oversee the Wolverine, Bates, CAT Footwear, Harley-Davidson Footwear, HyTest and Merrell brands in this role
Yue Yuen announces nine-month results
The Hong Kong-based group reported a 1.1% year-on-year drop in revenue in the first nine months of the year. The positive performance of the manufacturing business was not enough to offset the decline at Pou Sheng
Lavoro aims to take a one-third share of the security and defence market by 2030
The Portuguese company that specialises in the production of professional footwear, has set itself the target of producing and marketing a third of the Portuguese security and defence needs by 2030
Grendene shows resilience amid challenging environment
The parent company of Melissa and Ipanema has reported revenue growth in the year to September, driven by exports and increased prices per pair. However, profitability came under pressure in the third quarter
Allbirds lowers full year outlook
The US-based company has lowered its full year outlook after posting another decline in third quarter revenue. Structural changes and ongoing turnaround efforts are continuing to impact sales
Hermès takes a minority stake in the Italian cashmere maker Lanificio Colombo
As part of its strategy to strengthen vertical integration, the French luxury group has acquired a 15% stake in the Italian manufacturer of cashmere and other noble fibres Lanificio Colombo
Shoe Carnival changes name to Shoe Station Group
The footwear retailer said that its board of directors unanimously voted in favour of changing its name to Shoe Station Group. This reflects the “winning” performance of the banner acquired in 2021
AB Foods weighs split between Primark and food divisions
After reporting a 13% full year adjusted operating profit decline, driven by the weak performance of its sugar unit, Associated British Foods has announced that it is considering splitting its Primark and food divisions
Under Armour posts weak second quarter
Despite modest international growth and early “signs of brand momentum in North America”, the US-based sportswear group posted a weak second quarter, marked by reduced profitability
Former Jordan Executive Daniel Schachne appointed SVP of Reebok
Authentic Brands Group (ABG) has announced the appointment of Daniel Schachne, a former Nike and Jordan executive, as Senior Vice President (SVP) of Reebok
Wolverine Worldwide on upward trajectory, named Company of the Year
Fresh from being named Company of the Year by Footwear News, the US-based outdoor company announced a solid third quarter, with revenue growing by 6.8% year-on-year
Steve Madden projects fourth quarter rebound
The US-based designer and marketer of footwear reported modest revenue growth in the third quarter as new import tariffs and higher costs weighed on margins, though demand for its core collections remained strong
Puma’s third quarter results show impact of reset strategy
The German sportswear brand saw a decline in quarterly revenue and margins as it continued its strategic shift, prioritising cleaner distribution and cost control for long-term recovery
New CFO at Zalando
The Germany-based online fashion retailer has appointed Anna Dimitrova as Chief Financial Officer. She will succeed David Schröder, who has served as interim CFO since March-
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