Companies
Spain Retail: the future of footwear retail is clouded for the rest of the year
It’s not all bad news. The downward trend recorded by the TCF deflated retail sales index from April onwards remains above last year’s figures, and consumer confidence is about to reach a positive threshold. However, consumer footwear prices show yet no signs of slowing down, and, above all, imports in the category seem to be declining. These two factors could in fact be a warning of a further deterioration in footwear demand in Spain by the end of the year
The Burberry Foundation announces programme to support young Ukrainians
The foundation set up by the Burberry Group is partnering with the organization Save the Children to launch the Life Chances programme, which aims to support young people affected by the war in Ukraine
Prada appoints Luigi Preziotti as Design Director
The Italian-based luxury group has appointed Luigi Preziotti as Design Director and also confirmed Dario Vitale in his current role as Miu Miu's Design Director
Reno completes partial restructuring
The footwear retailer has finalised a partial restructuring, keeping more than 20 stores. Meanwhile, the media reported that dozens of new creditors have registered their claims in the insolvency proceedings
Birkenstock is seeking a valuation of up to 9.2 billion USD
The German footwear company officially goes public, setting a value of up to 9.2 billion US dollars at the top end of the price range for its initial public offering (IPO)
C & J Clark International recorded a decline in sales and profits in 2022
The operating subsidiary of the British footwear retailer Clarks saw its turnover and profits fall last calendar year due to supply chain issues following the COVID-19 pandemic
Ecco USA with new leadership
With the departure of Tom Berry as President and CEO, the Danish-based footwear group appointed Deniz Erda to the role of interim President of the US division
France Retail: the retail boat is sitting on the water waiting for the wind to pick up
After a somewhat mixed performance over the summer, highly impacted by short-lived events such as the postponement of sales due to the riots or August’s heatwave, some signs suggest that retail in France could improve next year. Consumers seem to be less pessimistic about rising prices and their personal financial situation. But it all comes down to the trajectory of inflation, and whether food and energy prices will effectively ease until the end of the year
Fortunato Frederico honoured in Italy
The Portuguese entrepreneur, who founded Kyaia in 1984, one of the largest footwear companies in the country, was honoured at the last UITIC Congress for his career in the industry
Nike announces first quarter results
The US-based sportswear giant reported an increase of 2% on both a reported and currency-neutral basis in the first quarter of fiscal 2024, as compared to the same period of last fiscal year
H&M profits rise in the third quarter
Despite the slowdown in sales during the third quarter, the Sweden-based fashion group saw its profits rise significantly in the period to 3.32 billion Swedish Krona (285.9 million euros)
Nordstrom expands its Board of Directors
The Seattle-based department store chain has appointed Guy B. Persaud to its Board of Directors, thus expanding this organizational structure to 12 members
JD Sports on track to meet full year profit outlook
The UK-based retailer reported in its interim results a strong first half performance, with a 12% year-over-over growth in organic sales, saying it's on track to achieve its full year profit outlook
Nordstrom announces leadership appointments
The Seattle-based department store chain has announced some executive changes in the company's merchandising and store divisions
Zalando: co-CEOs remain at the helm and sustainability and D&I come under the same umbrella
The e-commerce platform announced that the contracts of Robert Gentz and David Schneider as co-CEOs have been extended and that Pascal Brun has been appointed Vice President of Sustainability and Diversity & Inclusion-
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