News
Revenue down by 13.0% at Mizuno
The Osaka-based sportswear company reported revenue down by 13.0% in the first nine months of the current fiscal year. Sales decreased significantly in all regions due to the COVID-19 pandemic
Shoe Zone expects 24.3% decline in revenue
Ahead of releasing its final results for the 52-week period ended on the 3rd of October 2020, Shoe Zone announces that it expects to report revenue for the period of approximately 122.6 million British pounds, a 24.3% decline from the previous year
Skechers donates 6 million US dollars to save dogs and cats
Through sales of its BOBS from Skechers collection, the sportswear giant has helped save and support more than one million shelter dogs and cats in the United States and Canada
Brazil: two digits decline in production and exports in 2020
According to data released by Abicalçados, the Brazilian footwear sector may have lost 21.8% of its production in 2020, returning to levels registered 16 years ago. Brazilian footwear exports fell by 18.6%, the worst performance since 1983
adidas to sell Reebok and focus on core brand
As part of the development of its new five-year strategy, the Germany-based group has concluded its assessment of strategic alternatives for Reebok. As a result of the review, adidas has decided to begin a formal process aimed at divesting Reebok
Kering with sales slowdown
Quarterly revenue at the French-based luxury group was down by 4.8% on a comparable basis to 4 billion euros, while sales at Gucci, the main segment of the Kering's revenue, contracted by 10.3% to 2.3 billion euros
Under Armour with 15% decline in 2020 revenue
The Baltimore-based announced unaudited financial results for the fourth quarter and fiscal year ended on the 31st of December 2020. Revenue was down by 15% in 2020 and by 3% in the last quarter
Revenue down by 14.1% at Wolverine
The Michigan-based footwear giant has announced third quarter revenue down by a two digits rate. E-commerce revenue grew by 56.4% in the period. Management expects return to meaningful growth to take place in the first quarter of FY 2021
Prada with recovery in December to 2019 levels
The Italian luxury group has announced progressive volume recovery in all geographical areas, with marked revenue growth in Asia Pacific. Prada also confirmed a full recovery to 2019 levels in the month of December
Amazon announces year end results and CEO transition
The ecommerce giant announced its financial results for the fourth quarter and year ended on the 31st of December 2020. Founder and CEO Jeff Bezos will transition to the role of Executive Chair and Andy Jassy will become Chief Executive Officer
CCC: 2020 was not a bad year with sales broadly unchanged
The CCC Group ended the fourth quarter of 2020, which included January 2021, with sales broadly unchanged year on year. E-commerce grew by 84% year on year (Y-o-Y), with over 78% of sales generated via online channels in January alone
Designer Brands: net sales down by 30.1%
The Ohio-based company announced financial results for the three months ended on the 31st of October 2021. Net sales decreased by 30.1% to 652.9 million US dollars in the third quarter of fiscal 2020 compared to the same period last year
New Generation: meet Humbs
Two friends. Hugo Stevens and Miguel Tavares. One with a background in Marketing, the other with a background in Mechanical Engineering. A street market gave them the motivation and HUMBS was born
Revenue and earnings exceed expectations at Capri
The London-based group has announced third quarter results marked by a decline in revenue (-17.1%) and in earnings (-14.8%). Notwithstanding, Capri said they are encouraged by earnings meaningfully higher than anticipated
Burberry: store sales decline by 9%
The UK-based fashion house has announced third quarter results, marked by decline in retail revenue. Suffering the impact of COVID-19 in its retail network, comparable store sales declined by 9% in the quarter
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