Results
H&M reports full year net sales growth
Despite the slowdown recorded in the fourth quarter of fiscal 2023, the Sweden-based fashion group reported an annual net sales increase of 6%, as compared to the previous year
Inditex reports strong performance
The owner of Zara continues to perform strongly. In the first nine months of 2023, its sales and profits grew by 11% and 33%, respectively, as compared to the same period of last year
Genesco reports drop in sales and profits
Amid a difficult operating environment, the footwear retailer reported a third quarter decline in sales and profits. Schuh and Johnston & Murphy results helped offset Journeys’ performance
Lower demand impacts Designer Brands’ third quarter results
The footwear company reported lower third-quarter sales and profits due to a contraction in the footwear market caused by unseasonably warm weather. As a result, it cut its full year guidance
Dr Martens cuts full year guidance
The British footwear brand has lowered its 2024 guidance following a mixed trading performance in the first half, marked by an increasingly difficult consumer environment in the US
Lower sales and profits at Foot Locker
The US-based retailer has reported another fall in sales and profits in the third quarter of the year, deciding to further cut its guidance for 2023 against a backdrop of ongoing consumer uncertainty
Coats reports improving sales trend
The industrial thread manufacturer’s organic revenue fell by 12% year-over-year from July to October, which suggests an improving trend as compared to the 19% decline recorded in the first half
Golden Goose on an upward trajectory
The Italian-based luxury sneaker brand posted a 19% increase in revenue in the first nine months of 2023, as compared to the same period of 2022, with solid performances in all geographies
Alpargatas reports decline in net revenue
The parent company of Havaianas reported a net revenue fall of 17.8% in the third quarter of 2023, as compared to the same period of last year, due to a significant drop in volumes sold
Caleres profits rise
Despite recording a net sales drop of 4.6% in the third quarter of 2023, as compared to the same period of 2022, the footwear company managed to increase its profitability in the quarter
Tod’s delivers solid performance
The Italian-based luxury brand recorded a 14.3% increase in sales in the first nine months of 2023, as compared to the same period of 2022, with all brands registering double-digit growth
Allbirds posts decline in revenue
In the process of a strategic transformation plan, the sustainable footwear brand posted a 21.2% decline in revenue in the third quarter of 2023, as compared to the same period of 2022
Slower demand for luxury impacts Burberry’s full year forecasts
Despite a revenue increase in the first half of its fiscal year, the UK-based luxury group is now less optimistic about its full year forecasts due to a gradual slowdown in luxury demand worldwide
Capri posts results below expectations
The owner of Versace, Michael Kors and Jimmy Choo posted an 8.6% fall in revenue in the second quarter of fiscal 2024, as compared to the same period of last year, will all brands underperforming
Geox reports moderate growth
The Italian-based brand recorded a positive performance in the year to date, but emphasised that the sales growth was moderate as compared to the last two years-
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