Companies
Gap to cut about 1 800 jobs
The US-based apparel company will lay off about 1 800 jobs to streamline operations and cut costs, thus joining the list of US companies that have been downsizing over the past months
Primark posts strong first half
The fashion retailer, owned by Associated British Foods, reported that in the 24 weeks to March 2023, its revenue increased by 19%, as compared to the same period last year
Skechers announces first quarter results
The US-based footwear company has reported record sales of 2.00 billion US dollars in the first quarter of 2023, up by 10% as compared to the same period of the previous year
JD Sports appoints two non-executive directors
The UK-based retailer has announced that Angela Luger and Darren Shapland will become the newest company's non-executive directors, effective as of the 1st of June
Puma reports solid performance
The German-based sportswear company posted double-digit growth of 14.4% in the first quarter of 2023, year-over-year, with a noteworthy performance of its direct-to-consumer channel
Amazon posts profit in the first quarter
The Seattle-based online retail giant reported a first quarter 2023 net income of 3.2 billion US dollars, as compared to a net loss of 3.8 billion US dollars in the same period last year
Crocs raises full year guidance
The US-based footwear company has raised its full year outlook as a result of a 34% revenue growth in the first quarter of 2023, as compared to the same period last year
Kering posts mixed first quarter performance
The French-based luxury group posted a 1% year-over-year marginal revenue growth in the first quarter of 2023, with Gucci slightly recovering from a 14% revenue decline in the fourth quarter of 2022
Ferragamo reports a weak first quarter
The luxury group reported a 4.0% year-over-year revenue decline in the first quarter of 2023, saying that the release of its new collection has not yet helped the brand’s relaunch
JD Sports appoints first Global Managing Director
The UK-based retailer has appointed Michael Armstrong to the newly-created role of Global Managing Director. He is expected to further help drive the group's growth
Decathlon reports full year sales growth
The French-based sporting goods retailer has announced a net sales increase of 12% in 2022, euros as compared to the previous year, reaching 15.4 billion euros
Farfetch names new Chief Marketing Officer
The luxury e-tailer has appointed Nick Tran as its new Chief Marketing Officer. He brings to the role his expertise in engaging with Gen Z and Millennial customers at TikTok, Taco Bell, Samsung, and Hulu
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Dr. Martens lowers full year profit guidance
The iconic British brand has lowered its FY 23 profit outlook due to costs associated with resolving operational issues at its LA distribution centre, as well as a decline in wholesale revenue
Final Call!! Join the 8th edition of the World Footwear Business Conditions Survey
The WorldFootwear.com is asking all experts within the footwear industry to share their views on the current business situation. Join the new edition of the World Footwear Business Conditions Survey. We want to hear you!-
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