Companies
Skechers reports record third quarter results
The US-based footwear company reported record third quarter results, boosted by international and domestic sales, and set strong guidance for the fourth quarter and full year 2024
Birkenstock expands presence in South Korea with new e-commerce platform
The global brand with German roots has launched a dedicated e-commerce website and loyalty programme in South Korea. Birkenstock also plans to open physical stores in 2025
Deckers posts strong second quarter
The California-based footwear company posted another strong quarterly performance, with net sales up by 20.1% year-on-year, driven by continued demand for the Hoka and Ugg brands
US Court blocks Tapestry’s acquisition of Capri
A US court has blocked the pending 8.5 billion US dollars merger between Tapestry and Capri with a preliminary injunction, marking a victory for the US Federal Trade Commission (FCT)
Zalando raises full year guidance after strong third quarter results
The German online multi-brand company has upgraded its financial forecast for 2024 following a strong third quarter, driven by its new ecosystem strategy and rising consumer demand in the fall/winter season
H&M showcases brand identity at New York pop-up
The Sweden-based fashion retailer will open a pop-up store in New York City’s Nolita neighbourhood to showcase “the very best of the brand’s fashion identity”
New CEO at the helm of Coats Group
The UK-based industrial thread manufacturer for apparel and footwear has now a new Chief Executive Officer. David Paja took up the role this month, succeeding Rajiv Sharma
Decathlon’s investment arm to bring sustainable fashion innovation technology to Europe
Decathlon Pulse has partnered with unspun to expand the use of 3D weaving technology across Europe, with a focus on reducing waste and promoting sustainable, locally-produced fashion with minimal inventory
Stella Holdings reports modest revenue growth in third quarter
Although Stella experienced modest revenue growth in the third quarter, year-to-date revenue growth is up by 5.1%, driven by sports orders. The company continues to make progress towards its three-year targets
Ferragamo continues to struggle amid decreasing consumer confidence
The Italian luxury group reported a third quarter revenue drop of 7.2% year-on-year due to weak demand in the Asia Pacific region and declining wholesale sales, despite gains in Japan and Latin America
adidas exceeds expectations with third quarter results
Preliminary results for the third quarter of 2024 show adidas with increased revenue and higher gross and operating margins. As a result, the company raised its full year guidance for the third time in 2023
LVMH reports drop in third quarter revenue
The luxury group has reported a 3% decline in organic revenue in the third quarter of the year, as compared to the same period of last year, including a 5% year-on-year decline in its fashion and leather goods division
Sandra Harris joins Genesco as new Chief Financial Officer
The US-based footwear company has appointed Sandra Harris as Chief Financial Officer. Harris succeeds Thomas George, the current Principal Accounting Officer, who plans to retire in December 2024
Authentic and Saks Global to form a strategic venture
The joint venture Authentic Luxury Group will serve as an incubator for luxury brands, driving global growth with new strategies for licensing, retail and lifestyle expansions across multiple industries
Kayak Storm and its focus on sustainability
Portuguese footwear manufacturer Kayak Storm has achieved GRS (Global Recycled Standard) certification for some of its products. Let’s find out more about a company that has made sustainability a cornerstone of its business-
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Footwear Consumer 2030
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