Companies
H&M’s operating performance improves in the first quarter
Despite a slight decline in net sales, the Sweden-based fashion group surprised with a “substantial improvement” in operating profit and total profit in the first quarter of its fiscal year
Footwear brand Heydude launched in the UK market
The Crocs-owned casual footwear brand Heydude launched in the UK last month as part of its international expansion strategy to increase global brand awareness
Japan Retail: trade did not improve at the end of 2023, but a recovery is not out of the picture
As anticipated in the previous edition of the WF Retail Japan, trade (physical and online) did not improve at the end of 2023. What’s more, the country unexpectedly slipped into recession amid sluggish consumption and pressure on retail costs due to the weak yen. However, it’s expected that the easing of consumer inflation and the recovery of wages due to labour shortages could occur in the first half of 2024 and both consumer and retailer sentiment is on an upward trend. So perhaps a modest recovery could take place soon
Alessandro Michele named creative director of Valentino
The Italy-based Maison has appointed Alessandro Michele as Creative Director, as of the 2nd of April. The news ends months of speculation as to where Michele would re-emerge after he left Gucci
Deichmann reports record 2023 revenue
Despite difficult market conditions, the shoe retailer ended 2023 on a strong note. On the back of this successful year, it will invest 324 million euros in 2024 to continue to modernise its business
A slight increase in revenue for Nike
The US-based company has reported a slight increase in revenue on both a reported and currency basis in the third quarter of fiscal 2024, as compared to the same period of the prior fiscal year
Toni Belloni to step down as LVMH Group’s Managing Director
After more than 23 years at Arnault’s side, Belloni will step step down as Group Managing Director and Chairman of the Executive Committee of the LVMH Group, effective from the 18th of April
Fashion group OTB acquires Italian shoe supplier Calzaturificio Stephen
The Italy-based group, owner of fashion brands such as Margiela, Jil Sander, Marni, Viktor&Rolf and Diesel, has acquired a majority stake in luxury footwear manufacturer Calzaturificio Stephen
361 Degrees reports double-digit growth
The Chinese-based activewear company ended the fiscal year 2023 with a double-digit revenue growth of 21%, as compared to 2022. The Kids business was the fastest growing over the period
Portuguese footwear manufacturer Portman reinvents itself
Founded in 1979 with a focus on the manufacture of moccasin footwear, the Portuguese company has invested in recent years to sustainably modernise its production and offer new products
Remarkable performance by Temu owner PDD
The Chinese e-commerce group PDD Holdings reported a “pivotal” year in the company's history, with revenue up by 123% year-on-year and profits up by 146% in the fourth quarter, driven by growing demand
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Caleres posts solid fourth quarter
The US-based company reported a very small increase in net sales in the fourth quarter of its fiscal year 2023, but a significant improvement in profits, as compared to the same period last year
World Footwear Voices: interview with Steve Lamar from AAFA
Today we bring you a conversation with Steve Lamar, President and CEO at American Apparel & Footwear Association (AAFA). Watch the new episode of the World Footwear Voices
Arezzo reports strong year 2023
The Brazilian footwear and accessories group has reported “record” gross revenues in 2023. This leaves it in a strong position ahead of its merger with fashion group Soma-
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