Companies
Nordstrom names two new Executive leaders
The Seattle-based department store announced the promotion of Deniz Anders to Senior Vice President and Chief Marketing Officer. Nina Barjesteh, a Senior Executive at DICK's Sporting Goods, will join the company as President, Nordstrom Product Group
Uniqlo owner raises outlook
The Japan-based Fast Retailing posted record profit results in the third quarter of fiscal 2022, with strong performances in every market except for Greater China, raising its outlook in result
Amazon to create more than 4 000 new jobs in the UK
The online retailer giant announced that it is creating more than 4 000 new permanent roles across the UK, which will bring its permanent workforce in the country to 75 000
US labour market powers ahead
Despite recessions fears, the US Bureau of Labour Statistics reported that employers hired far more workers than expected in June. Wages continued to rise at a steady pace
Designer Brands adds Le Tigre to its portfolio of owned brands
The North-American company has entered a licensing agreement with Le Tigre 360 Global. The deal is regarded as another step to double sales of the owned brands category by 2026
Aldo Group completes restructuring process
The Canadian-based footwear and fashion accessories group announced that it successfully exited the restructuring process launched in May 2020 when it filed for credit protection amid the COVID-19 pandemic
Consumer demand across mobile apps fosters Nike's growth
The US-based sportswear giant attributed the 18% annual revenue growth in its digital business to consumer demand across its mobile apps
Japan Retail: imported inflation troubles retail despite positive signs on consumer mood
Despite positive signs regarding the consumers’ mood, which is leading the BoJ to focus on boosting domestic demand, retailers are facing imported inflation unseen for decades. So, as the yen sinks, it is more accurate to wonder whether Japanese companies’ margins can resist for much longer to fully pass on rising costs to consumers. In addition, the sanctions imposed following Russia’s invasion of Ukraine will certainly take a toll on retail, alongside persistent supply chain disruptions caused by the pandemic, even as the country moves away from those times. Since expenses on energy and food cannot be readily cut, the slack demand for footwear already observed is far from being a surprise
Lockdowns in China hit Burberry's sales
The luxury group reported in a trading update that despite an overall recovery, sales in Mainland China dropped by 35% in the first quarter of 2022, as compared to the same period of last year
Gucci partners with Ellen MacArthur Foundation
The Italian-based fashion House announced that it became a strategic partner of the Ellen MacArthur Foundation to accelerate its commitments towards a more circular economy
Abicalçados and NürnbergMesse Brasil launch Brazilian Footwear Show trade fair
The Brazilian Footwear Industries Association (Abicalçados) and the organizer of trade fairs announced on the 12th of July the kick-off of the Brazilian Footwear Show trade fair, with two editions a year
Parent of Hotter Shoes announces partner brands for new platform
The Unbound Group unveiled some brands that will feature in its multi-curated platform for its core demographic aged 55 years old or more. Birkenstock, Geox and Skechers are among them
Rikard Adolfsoon from Axel Arigato: we will continue to challenge everything
Today we bring you the first part of an interview with Rikard Adolfsoon, Supply Chain Director from Axel Arigato, which was founded in 2014 as a direct-to-consumer fashion brand. Axel Arigato has physical stores in six countries across Europe and UAE and is present online in 134 territories worldwide
US footwear industry expects sales to decline
According to the Footwear Distributors & Retailers of America (FDRA), the footwear industry is pulling back on hiring and investment due to a major forecast of weaker sales for the next six months
Coats acquires footwear materials specialist Texon
The UK-based industrial thread manufacturer acquired the developer of structural component materials Texon for 237 million USD to strengthen its presence in the athleisure footwear market-
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