Companies
H&M anticipates 'flattish' sales
The Sweden-based fashion group has released a sales development update for the third quarter of fiscal 2023, ahead of the publication of the nine-month report scheduled for the end of September
Primark to close the year with sales growth
Primark's parent company, Associated British Foods (ABF), issued a trading update just before the end of its financial year, anticipating sales growth for both the last quarter and the full year
Caleres names its first-ever Chief Design & Product Officer
The US-based footwear company has promoted Natelle Baddeley to Chief Design and Product Officer, effective immediately. She joined Caleres in 2018 as SVP of Design, Merchandise, and Product Development Strategy
Vietnam secures the 2nd position amongst leather footwear exporters
In 2022, the Asian country exported 387 million pairs of leather shoes, with a total value of 9.6 billion US dollars, overtaking Italy in the second position
Dick's Sporting Goods reports a fall in profits
The sporting goods retailer posted a sales growth of 3.6% in the second quarter of 2023, on a comparable basis to the same period of 2022, but saw its profitability fall due to the impact of high stock reductions
Designer Brands President to step down
William Jordan, the President of Designers Brands and Camuto brand, will step down from both positions presumably on or before the 1st of December
Designer Brands posts sales decline
Despite recording another sales decline in the second quarter of fiscal 2023, the North American company reiterated its full year guidance after seeing some improvement from the prior quarter
John Varvatos joins Under Armour as Chief Design Officer
The US-based company has appointed John Varvatos as Chief Design Officer, effective as of the 11th of September. He had been consulting for Under Armour since earlier this year
Wolverine Worldwide sells US Leathers and Hush Puppies IP in Greater China
The company announced that its US Leathers business has been sold to New Balance and that Hush Puppies' intellectual property in Greater China will be sold to its current sublicense in the region
President of Journeys to retire in February 2024
After working at Genesco for 44 years, Mario Gallione, who became President of Journeys in 2017, will step down from his role in February 2024. Search for a successor is already underway
Children's footwear start-up Jbrds Secures 500 000 USD in funding
The Baltimore-based start-up has secured 500 00 US dollars in an initial funding round. Although its financial backers are not known, the company is now valued at 5 million US dollars
Asia recorded the highest increase in footwear imports in 2022
Footwear imports by the Asian continent increased by 23.9% last year, raising its share of the global total to 26.7%. Asia is now the second most import destination for footwear
Changes at Uniqlo's leadership team
Fast Retailing has announced the appointment of its Founder Tadashi Yanai as CEO of Uniqlo. Meanwhile, Board Director Daisuke Tsukagoshi will serve as the retailer's COO
Caleres reiterates its guidance for fiscal 2023 despite falling sales and profits
The US-based company reiterated its full year outlook, after posting a “strong” consolidated operating margin and better-than-expected adjusted earnings per share in the second quarter
ANWR and Sabu team up to strengthen German footwear retail
Footwear buying group ANWR and shoe retail cooperative Sabu have joined forces to ensure the future viability of its members. Emphasis will be placed on revitalising the retail landscape and developing the workforce-
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