Companies
Designer Brands returns to comparable sales growth in the fourth quarter
The US-based company highlighted a return to comparable sales growth in the fourth quarter of fiscal 2024 as a sign of the success of its strategic initiatives. Despite short-term pressures, the company is optimistic about 2025
Zalando forecasts accelerated growth for 2025
After a strong performance in 2024, driven by both business-to-consumer (B2C) and business-to-business (B2B) growth vectors, the German multi-brand online company foresees continued growth in 2025
Executive reshuffle at LVMH
Frédéric Arnault has been appointed CEO of Loro Piana. Meanwhile, Damien Bertrand has been appointed deputy CEO of Louis Vuitton and Fendi CEO Pierre-Emmanuel Angeloglou joins Dior as deputy CEO
Strong full year performance for 361 Degrees
The China-based activewear company has reported a strong performance for the full year 2024, with revenue and profits up by 19.6% and 19.5% respectively on the previous year
Puma issues downbeat outlook for 2025
The German sportswear company has posted solid sales growth on a currency-adjusted basis and improved our gross profit margin in 2024. However, this is not enough to offset a pessimistic outlook for 2025
Demna named new creative director at Gucci
Demna, who has been creative director of Balenciaga since 2015, has been appointed as the new creative lead at Gucci, the Kering Group, parent to both houses, announced
Portuguese footwear in the spotlight at International Fashion Weeks
In recent weeks, through partnerships with renowned designers, Portuguese shoes have been seen on some of the world’s most important fashion catwalks, including Paris and New York
Shoe Zone launches a new app as part of its omnichannel focus
The UK-based footwear retailer has launched a revamped app designed to improve the online shopping experience. The move is part of the expansion of its omnichannel strategy
Inditex reports strong full year results
The Spain-based fashion group, which owns Zara and Massimo Dutti, among others, has reported a strong performance for the fiscal year 2024, with both sales and profits up year-on-year
Schuh cuts jobs as part of wider restructuring
Following a voluntary redundancy process launched by the company in January, the footwear retailer has cut 39 head office and store jobs. This is part of a wider restructuring strategy
Yue Yuen profit rises by more than 40% in 2024
The Hong Kong-based group ended the year with a 3.7% increase in revenue and a significant 42.8% rise in profits over the previous year, driven by solid performances from its manufacturing businesses
Donatella Versace leaves the creative helm at Versace
Dario Vitale will be the new creative director of Versace from the 1st of April, the parent company Capri Holdings has announced. Donatella Versace has been appointed Chief Brand Ambassador
Genesco ends the financial year 2025 with a positive set of signs
The US-based footwear retailer has reported a solid fourth quarter, with improvements in sales and profitability. Genesco also highlighted the continued turnaround of the Journeys brand
Görtz layoffs 93 employees
The German shoe retailer has announced 93 redundancies after the Federal Employment Agency rejected its application for pre-financing of insolvency benefits, affecting around 400 employees
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