United States
Singapore: most competitive economy
Singapore has ranked as the world’s most competitive economy for the first time since 2010, according to the IMD World Competitiveness Rankings, as the United States slipped from the top spot and economic uncertainty took its toll on conditions in Europe
ABG acquires Sports Illustrated
The New-York based group acquired a media icon as part of its strategy to build a global platform converging sports, culture and entertainment
Neiman Marcus with significant loss
The Texas-headquartered department store group reported falling third quarter revenue. Net loss reached 31.2 million US dollars, a worse result than the 19.9 million US dollars net loss from the previous year
Dick's Sporting Goods consolidates sales
The Pittsburgh-based sporting goods retailer announced results for the first quarter ended on the 4th of May. Net sales for the first quarter of 2019 increased by roughly 1%
Timberland to open 30 stores in Europe
The company is part of VF Corporation's portfolio and is planning a heavy investment in Europe next year. 25 to 30 new stores might be on the pipeline for the region, in a combination of franchise and own stores
VF with new Executive Vice President Global Supply Chain
The North-Carolina based group has announced the appointment of Cameron Bailey to the position of Executive Vice President, Global Supply Chain, effective from Juneonwards
Stein Mart to install Amazon pick-up lockers
Amazon customers will soon be able to receive delivery of their orders at nearly 200 Stein Mart stores across 28 states. The giant ecommerce player has been focusing on some similar initiatives
India’s leather footwear exports up by 1%
According to the Council for Leather Exports in the first 10 months of the fiscal year exports of leather footwear increased by roughly 1%. Exports of the overall leather industry are declining
Deckers: sales increase to a new record
The California-based company announced financial results for the fourth fiscal quarter and fiscal year ended on the 31st of March 2019. Despite a small decline in sales in the last quarter the company hit a new record for annual revenue
JBS USA announces 95 million US dollars' investment
The Brazil-based company announced a 95 million US dollars expansion project at its Grand Island (Nebraska) beef production facility
Footwear industry leaders joined forces against tariffs
Last week, the leaders of 5 industry associations in the US signed a letter addressed to President Trump, opposing the proposed tariffs on shoes and other accessories coming from China
New Balance launches new platform for running shoes
Coming in summer 2019, the global athletic player New Balance will launch a reimagined product platform, called FuelCell, that is built to power up run
Shawn Gensch as JCPenney's Chief Customer Officer
The US-based department store chain announced Shawn Gensch, a highly accomplished executive with 25 years of experience in marketing and finance, as Chief Customer Officer, effective from June onwards and reporting directly to CEO Jill Soltau
DSW with strong start to the year
The Ohio-based retailer has announced double-digit increases in both revenue and earnings for the first quarter of the new fiscal year
Crocs: first quarter exceeds expectations
The US-based company famous for its clogs has announced first quarter results. A good start to the year as Crocs exceeded all guidance metrics-
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