Companies
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
Amazon reports strong third quarter and separately confirms 14,000 job cuts
In two separate announcements, Amazon revealed strong third quarter results and confirmed its intention to cut 14,000 jobs worldwide. The company did not link the layoffs to its financial performance
Crocs looks to long-term growth amid softer third quarter results
The US-based clog manufacturer has reported a weaker third quarter, marked by lower wholesale sales. To navigate a challenging retail market, Crocs is focusing on cost reductions and operational efficiency
Rocky Brands delivers solid third quarter
In a challenging market environment, the US-based footwear manufacturer achieved solid third quarter results, characterised by increased sales, improved margins and stronger profitability
Columbia Sportswear lowers full year outlook
The US-based company has lowered its full year outlook following a third quarter in which weak US sales continued to offset strong international growth. Impairment charges for prAna and Mountain Hardwear hit profits
adidas reports record third quarter revenue
The Germany-based sportswear company has reported a record-breaking revenue in the third quarter, driven by double-digit growth in footwear and apparel sales and in almost every region
Reebok opens European headquarters, appoints regional CEO
The sneaker and lifestyle brand, which is owned by Authentic Brands Group, has opened its European headquarters in London and appointed Marc Le Roux as the new regional CEO of Reebok
VF Corp second quarter beats expectations
The US-based company has reported performance in the second quarter that exceeded expectations, driven by its The North Face and Timberland brands. This further strengthens the company's turnaround strategy
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