News
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
LVMH Métiers d’Art acquires majority stake in Italian tannery Nuti Ivo
LVMH's division aimed at preserving the French-based group's expertise in luxury raw materials and craftsmanship is now a majority partner of the Italian tannery Nuti Ivo SpA Group
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
Portuguese footwear exports show resilience in the first quarter
The Portuguese footwear sector proved its resilience in a more difficult environment by exporting 20 million pairs worth 526 million euros in the first quarter of 2023, down by 4.4% in volume but up by 6.8% over the same period of 2022
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
Clergerie future owner is to be chosen this month
After being placed into receivership on the 29th of March, the future owner of the French-based luxury shoe brand will be decided on the 14th of June by a Paris-based commercial court
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
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