Retail
Shoe Zone with declining profits blames financial burden of public policies
In the last financial year Shoe Zone's underlying pre-tax earnings slid to 9.6 million British pounds from 11.3 British pounds in the previous year. Management blames Government for increasing taxes
J.Crew appoints Jan Singer as CEO
The Board of Directors of the American multi-brand, multi-channel, specialty retailer appointed Jan Singer to serve as Chief Executive Officer, effective from the 2nd of February
Louis Vuitton to open its largest store in Japan
The main brand of the LVMH's portfolio, Louis Vuitton, will open its largest store in Japan in Osaka in February. At the same time the brand will open its first cafe and restaurant
12 Timberland stores to close across the UK
Outdoor clothing and footwear brand Timberland together with their retail partner 73 Retail are closing 12 stores across the UK. Other closures impacting The North Face and Havaianas
Former Crocs CEO and son launch injection-moulded footwear brand
The former CEO of the Colorado-based footwear brand Crocs and his son have created Joybees, a Denver-based company making injection-moulded footwear
Woolworths changes CEO
Woolworths' CEO Ian Moir has resigned and Roy Bagattini, President of Levi Strauss' American operations will fill the position
Bardot to have major restructure
The brand, which went into voluntary administration in November, will close 58 stores over the next two months. 530 employees expected to be impacted
JD Sports with positive holiday sales
The sports-fashion retail company based in the UK announced an update on performance following the Christmas trading period. A positive like for like trend was registered
J.Crew Group announces quarter results
The New-York based company announced financial results for the third quarter and first nine months of fiscal 2019. On the occasion a Transaction Support Agreement with Ad Hoc Group of Creditors has also announced
Reef signs new EMEA distributors
Reef Lifestyle, LLC announced it has entered into several new distribution agreements with leading footwear distributor partners across Europe, the Middle East and Africa (EMEA)
Brands to spend up to 15 billion US dollars on influencer marketing
According to The Influencer Marketing research report from Business Insider Intelligence brands are set to spend up to 15 billion Us dollars on influencer marketing by 2022
Crocs: Beth J. Kaplan joins Board of Directors
The US-based footwear brand known for its clogs has appointed Beth J. Kaplan appointed to its Board of Directors effective from the 1st of January 2020
Genesco with flat net sales
The US-based footwear group reported third quarter results. Despite reporting flat sales, the management says results exceeded expectations
Vibram ceases sales to Amazon USA
Vibram USA has stopped selling its Vibram FiveFingers products directly to Amazon USA. It is all part of a strategy to fully support its retail partners, the brand says
Retail sales grew by 4% in the US
Retail sales in October increased by 0.2% seasonally adjusted over September and were up by 4.2% unadjusted year-over-year, the National Retail Federation confirmed-
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