News
Amazon with record holiday sales
The US-based ecommerce giant announced a “record-breaking holiday season” with athleisure cited as a “top trend”. Amazon registered more items ordered worldwide than ever before, with customers shopping at record levels from a wide selection of products across every department
Nike names G. Scott Uzzell Head of Converse
Effective from the 22nd of January G. Scott Uzzell will become President & CEO of Converse, Inc. Uzzell comes to Converse from The Coca-Cola Company where he most recently served as President, Venturing & Emerging Brands Group (VEB)
Columbia closes buyout of China joint venture
As the new year started, Columbia Sportswear announced it has closed its buyout of the remaining 40% interest in Columbia Sportswear Commercial (Shanghai) Company, the joint venture in China with Swire Resources Limited
80 Sears and Kmart locations to close
Sears Holdings, in bankruptcy proceedings since October, revealed 80 more Sears and Kmart stores it plans to close in late March 2019
Foot Locker invests in children's footwear business
After a strong third quarter, Foot Locker announced it would be investing more in the business. The first strategic move is the acquisition of a minority stake in Super Heroic, Inc., a lifestyle brand focused on the young segments
Vivarte: restructuring is over
The words are from Patrick Puy, Vivarte CEO. The French-based group announced the final results for financial 2018, marked by a reduction of the net loss and the group's financial debt
Blake Nordstrom dies at age 58
The 58-year old co-President of Nordstrom, Blake Nordstrom, died early Wednesday morning. Blake's brothers, Pete and Erik Nordstrom, will continue as co-Presidents of the company
Grendene: results in line with 2017
The Brazil-based footwear group announced results for the first 9 months of 2018 in line with similar period in 2017. A strong decline in the net profit was caused by a fall in the interest rates
Indian exports go up
The country's exports of leather, leather products and footwear have increased by 5.25% (value in rupee) during the period April-October as compared to similar period last year
Capri Holdings completes acquisition of Versace
Capri Holdings Limited, a global fashion luxury group, announced it has changed its name from Michael Kors Holdings Limited, and from today its New York Stock Exchange ticker symbol will be CPRI. The company also confirmed it has completed the acquisition of Versace
Strong results by Wolverine
The Michigan-based footwear giant reported a strong set of results for the third quarter of the current fiscal year. Wolverine decided to raise the full-year earnings outlook
Michael Kors results surpass expectations
Second quarter results for the Michael Kors Group exceed expectations. While the Michael Kors brand performed flat compared to the prior year, Jimmy Choo results were better than anticipated
ICC invests 2 million euros to double production
Portuguese footwear company ICC, specialized in the production of professional footwear, is investing two million euros in its facilities with the goal of doubling production
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