Companies
Designer Brands announces first quarter results
After seeing its sales and earnings decline in the first quarter of 2023, the North American company has decided to approach the rest of the year with “heightened” caution, lowering its full year guidance in result
Inditex posts sales and profit growth
The Spanish-based fashion group posted a sales and net income increase of 13% and 54%, respectively, in the first quarter of 2023, as compared to the same period of last year
Maison Margiela with new CEO
The Paris-based luxury house has appointed Gaetano Sciuto as its new Chief Executive Officer, effective the 17th of July, and Stefano Rosso will be the house’s new Chairman, says WWD
Caleres first quarter sales decrease
The US-based group has posted a 9.8% year-over-year sales decline in the first quarter of 2023, amid a challenging operating environment that forced it to take several cost-cutting measures
Asos shares rise on reports of a takeover bid by Alibaba-backed Turkish rival
This news came after the fast fashion retailer's downgrade from London's FTSE 250 index of mid-sized companies, which reflects its declining performance in the post-pandemic period
Spain Retail: good signs for retail in the first quarter of the year
Several indicators showed that consumer confidence is improving, reversing the downward trend seen after the invasion of Ukraine, but overall, consumer sentiment remains rather pessimistic. On the other hand, retailer confidence has been on the rise since January. In fact, the TCF (Textile, Clothing and Footwear) Retail Index (seasonally adjusted, by Eurostat), which had been recovering modestly from June to November 2022, soared thereafter as if Christmas were an uninterrupted season for the entire first quarter of 2023, and even the imports’ behaviour seems to have anticipated a sales boom. Meanwhile, expectations for online sales in 2023 are overall positive, but comparisons with the pandemic period might be misleading
Authentic Brands Group acquires Hunter Boots IP
Speculation is over. The New York-based brand management company has acquired the intellectual property of the British heritage brand Hunter Boots for an undisclosed sum
Dr Martens reaches revenue milestone
The UK-based brand achieved 1 billion British pounds in revenue during fiscal 2023, highlighting the good performances in the EMEA and Japan, but a weaker result in the American region
Genesco lowers full year outlook
After recording a decline in sales in the first quarter of fiscal 2024, driven by lower consumer demand at the Journeys brand, the US-based footwear company reduced its guidance for the remaining year
Nike appoints new CEO for Converse
Following last week’s announcement of leadership changes, the US-based sportswear giant has now appointed Jared Carver to the role of CEO of Converse, effective as of the 1st of June
Capri Holdings posts loss in the fourth quarter
The owner of Versace, Michael Kors and Jimmy Choo posted a 10.5% decline in revenue and a 34 million USD net loss in the last quarter of fiscal 2023, as compared to the same period last year
Deckers announces full year results
The US-based company reported that its 2023 fiscal net sales reached 3.15 billion US dollars, up by 15.1% from the prior year, with the Hoka brand driving the company's growth during the year
Wolverine Worldwide announces new leadership appointments
Chris Hufnagel was named company's President. Two brand leaders were also appointed to support the global brand-building strategy
Shoe Carnival first quarter sales decrease
The US-based retailer saw its sales decline in the first quarter of 2023 due to the impact of inflation on its customers’ purchasing power, reduced federal tax refunds and poor weather conditions
Mizuno with record annual revenue
The Japan-based sportswear company announced that its fiscal 2022 revenue grew by 22.8% over the prior year, reaching the “record” amount of 212.0 billion Japanese yen (1.50 billion USD)-
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