Companies
Hundreds of jobs to be axed at Burberry
The UK-based luxury label plans to cut hundreds of jobs as part of a radical cost-cutting programme intended to bolster falling profits, the Telegraph reports
Foot Locker relaunches FLX Rewards programme
As part of its Lace Up Plan, the US-based sportswear retailer has launched an enhanced FLX Rewards programme to transform the shopping experience for customers. A revamped mobile app will also follow
Nike loses trademark case against Puma
The US-based sportswear company has suffered a setback in its bid to trademark the capitalised version of the word “footware” for tech-related products after a European Union court backed a complaint by Puma
Optimistic expectations for footwear retail prices
76% of the respondents of the last edition of the World Footwear Business Conditions Survey expect footwear retail prices to increase over the next six months. The 10th edition of the World Footwear Business Conditions Survey results are now available
Nike announces fourth quarter and full year results
The US-based sportswear giant has announced modest results for the fourth quarter and the full year, as it seeks to position itself for profitable growth in the long term
H&M posts solid second quarter
The Sweden-based fashion group has reported a solid performance in the second quarter of 2024. However it has also warned of a drop in sales in June, mainly due to “unstable weather” in some of its key markets
Scotch & Soda Northern Europe will not reopen
Following the declaration of bankruptcy on the 12th of June, the administrators have announced that the northern branch of Scotch & Soda will not be reopening
Yoox Net-a-Porter to exit China
The luxury fashion e-tailer Yoox Net-a-Porter (YNAP) is believed to be in the process of closing its China operations in order to focus investment and resources on its more profitable regions
Allbirds completes international distributor agreements
The Californian footwear brand has announced that it has finalised the agreements that will cover the Benelux and Scandinavian regions. Japan will now have an exclusive distributor
Puma names new Vice President Direct-to-Consumer
The German-based sportswear company has named Erik Janshen as Vice President of the Direct-to-Consumer (DTC) business. He joins Puma from PVH Corp
Authentic Brands Group appoints General Manager of Africa
The New York-based brand management group ABG has appointed Warren Bowers as General Manager of the Africa region to continue expanding its presence in emerging markets worldwide
Positive perspectives about the health of footwear business
Almost 60% of the respondents of the last edition of the World Footwear Business Conditions Survey seem confident regarding the health of their businesses. The 10th edition of the World Footwear Business Conditions Survey results are now available
Clarks to cut a further 150 jobs
The British footwear specialist is reportedly set to slash 150 office jobs, as losses widened last year. The latest job cuts come after the company made 103 roles redundant in 2023
Saucony names new chief marketing officer
The athletic footwear brand, owned by the US-based Wolverine Worldwide, has named Joy Allen-Altimare as global chief marketing officer with immediate effect
Hoff looks to expand in India
The Spanish sneaker brand has teamed up with the e-commerce giant Myntra to enter the Indian market. This move is part of the company’s international growth strategy-
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