News
Stuart Weitzman reduces losses substantially
In the fiscal third quarter ended on the 27th of March 2021, Stuart Weitzman managed to significantly cut its operating losses thanks to higher revenue and a reduction in expenses
Rocky Brands with record first quarter results
Net sales of the company increased by 57.3% to 87.7 million US dollars. The wholesale segment sales increased by 69.1% and the retail segment sales increased by 42.0%. Net income increased by 278.1% to 4.5 million US dollars
Amazon to hire 75 000 people
The ecommerce giant is hiring 75 000 employees across fulfilment and transportation. Amazon announced an average starting pay of over 17 US dollars per hour. New hires who show proof of their COVID-19 vaccination receive an additional 100 US dollars
Retail in the UK: weekly footfall rises
Footfall in UK retail destinations rose by 0.5% in the week terminating on the 15th of May, which was driven by a footfall rise of 3.9% cent on UK high streets
Puma: double-digit growth registered across all regions
Sports giant Puma has reported revenue of more than 1.5 billion euros for the first quarter of 2021, an increase of 25.8% compared to the same quarter last year. Double-digit growth registered across all regions
UK: optimism among employers rises to eight-year high
Optimism among UK employers has struck an eight-year high. A new report by the Chartered Institute of Personnel and Development (CIPD) and recruiter Adecco, says all sectors are expecting a post-COVID jobs recovery
Shoe Carnival with sales jump
The Indiana-based company reported a 122.7% increase in net sales in the first quarter of 2021. Net income for the period reached 43.2 million US dollars, or 3.02 US dollars per diluted share. Shoe Carnival talks about record-breaking quarter
Asics EMEA reports 35% sales growth
The group reported a consolidated net revenue increase of 35% year to date and operating income increase to 42.7 million euros for the first quarter of 2021 in the region of Europe, Middle East and Africa
Changes at Kering’s management
The France-based luxury group has announced a new position of Director of Strategy and nominated Mélanie Flouquet for the position. Ginevra Elkann is leaving the Board of Directors
Will Authentic Brands buy Reebok for 1 billion US dollars?
According to what is being reported by the New York Post, the group owning labels such as Nine West and Barney’s has made a proposal of 1 billion US dollars to acquire the sports brand from the adidas portfolio
Geox: sales still impacted by stores closure
During the first three months of the year, over one third of the network stores by Geox, were temporarily closed due to lockdowns, with a particularly significant suspension of activities in the main markets (Italy, France, Germany and the UK)
Japan Retail: too early to be excited about retail
After a year of underperforming, the Retail Index for Apparel & Accessories managed to overcome the figures of the previous year in March 2021. Notwithstanding, importers do not seem yet convinced that this is a sustained recovery. The good news, as in other countries, comes from confidence indicators, with consumers seem to drive away from pessimism. However, all seems too fragile yet and it might mean that it is too early to get excited with retail in Japan
British Retail Consortium talks about promising signs
The UK trade association for retail businesses confirms a total sales increase of 7.3% in the month of April, following the reopening of brick of mortar. However, the British Retail Consortium (BRC) this is still fragile
New Generation: meet Rui and Filipe Silva from Treec
Two brothers from S. João da Madeira and one tradition in the footwear industry. Together they have launched a footwear brand very focused on the environmental concerns. Meet Rui and Filipe Silva, founders of Treec
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