World Footwear

Fashion

Strong performance of Inditex in 2023

Mar 15, 2024 / Spain
The Spain-based fashion group reported a 10.4% year-over-year growth in sales to 35.9 billion euros in 2023, with positive results across all channels and regions. Profits up by 30.3%

Mango hits the 3 billion sales mark

Mar 13, 2024 / Spain
The Spanish-based fashion group has increased its turnover by 15%, reaching more than 3.1 billion euros for the first time in 2023. It aims now to pass the 4 billion mark by 2026

Macy’s announces fourth quarter and fiscal 2023 results

Mar 8, 2024 / United States
The US company has posted a year-on-year decline in sales and profits for both the fourth quarter and full year, but said it’s in a better financial position to continue its modernisation strategy

UK Retail: challenging times may be ahead after disappointing fourth quarter in 2023

Premium ContentFeb 20, 2024 / United Kingdom
Retail sales of clothing and footwear disappointed in the last quarter of the year after a promising start on Black Friday. This is not particularly surprising given that prices in the category fell more slowly than overall prices and items remain relatively more expensive, making consumers more cautious in their choices. There are some long-term positive signs for retailers when it comes to consumer confidence, but there are likely to be some bumps in the road in the meantime

H&M plans up to 588 job cuts in Spain

Feb 16, 2024 / Sweden
The Sweden-based retailer plans to close a fifth of its stores and lay off up to 588 employees in Spain. H&M currently operates 133 stores in the country and employs nearly 4 000 people

H&M announces results for 2023, CEO steps down

Feb 2, 2024 / Sweden
The Sweden-based group has reported a 6% growth in net sales in 2023, as compared to the previous year. However, its CEO has stepped down amid sluggish sales at the start of the year

Daniel Ervér is the new President and CEO of H&M

Feb 1, 2024 / Sweden
At the same time as reporting its 2023 results, the fashion group announced a change at the top. Daniel Ervér is the group’s new CEO, succeeding Helena Helmersson, who stepped down after four years in the role

LVMH names new Chairman and CEO of Fashion Group

Feb 1, 2024 / France
The French-based luxury conglomerate has named Michael Burke as Chairman and CEO of LVMH Fashion Group. He succeeds Sidney Toledano, who was appointed Advisor to Bernard Arnault

Macy’s cuts 2 350 jobs

Jan 31, 2024 / United States
As it continues to streamline its business, the department store chain has announced that it will lay off about 3.5% of its workforce, or around 2 350 employees, and close five stores

Ferragamo reports decreasing full year revenue

Jan 31, 2024 / Italy
The luxury group has warned of a slowdown in luxury demand, with preliminary consolidated revenue for 2023 down by 7.6% at current exchange rates and 8.1% at constant exchange rates year-on-year

LVMH reports another strong year

Jan 26, 2024 / France
The French-based luxury conglomerate highlighted a “remarkable performance” from its Fashion & Leather Goods business group, with organic revenue growth of 13% year-on-year in 2023

Parent company of Uniqlo posts solid performance

Jan 19, 2024 / Japan
Fast Retailing posted a revenue growth of 13.2% in the three months to the start of November 2023, as compared to the same period of 2022, driven by the performance of Uniqlo abroad

Sistema Moda Italia withdraws from Cofindustria Moda

Jan 12, 2024 / Italy
Sistema Moda Italia is no longer part of the Italian Federation of Textiles, Fashion and Accessories (Cofindustria Moda). The need to respond quickly to new European regulations was at the heart of the decision

Mango foresees to achieve record sales in 2023

Dec 22, 2023 / Spain
Amid an expansion of its retail footprint, the Spanish-based fashion retailer foresees ending the fiscal year with sales of more than 3 billion euros, which would represent a double-digit growth over 2022

H&M reports full year net sales growth

Dec 18, 2023 / Sweden
Despite the slowdown recorded in the fourth quarter of fiscal 2023, the Sweden-based fashion group reported an annual net sales increase of 6%, as compared to the previous year
Page 1 of 28