Companies
Steve Madden ends 2024 on a strong note
Steve Madden ended the year 2024 with strong revenue growth. Despite the cautious near-term outlook, the company is optimistic for 2025 and expects the pending acquisition of Kurt Geiger to be another growth driver
Saks Global to cut around 5% of its US corporate staff
Saks Global is laying off about 5% of its US workforce, Bloomberg reported, as the department store continues to integrate its recent acquisition of Neiman Marcus
Benjamin Majster (Last Engineers) envisions a future where footwear customisation becomes standard
We spoke to Benjamin Majster, CEO of Last Engineers, his French startup that focuses on delivering the “perfect fit” for shoe lasts. In part 1 of the interview, we talked about the fit issue, his solution and Last Engineers’ focus on customer satisfaction
Under Armour hires former Estée Lauder executive to lead its AI and analytics efforts
The sportswear company has appointed Liz Bacelar, the former executive director of global tech innovation at Estee Lauder, to lead its new artificial intelligence and advanced analytics division
Rocky Brands reports solid fourth quarter
The US-based footwear manufacturer has reported a solid fourth quarter in 2024, resulting in a minor drop in net sales for the full year. Overall, Rocky Brands is optimistic about near-term prospects
Survey reveals growing importance of digital retail channels will continue
The results of the latest World Footwear Business Conditions Survey have been published. Over half of respondents anticipate an increase in the share of digital retail channels over the next three years
Asics ends 2024 with a strong foothold
The Japan-based sportswear company has reported an 18.9% increase in full year net sales, driven by strong sales across all categories in all major regions and exchange fluctuation rates
Strong full year 2024 for Hermès
Amidst a challenging macroeconomic environment, the France-based luxury group has reported a strong full year performance, underpinned by solid growth in all regions
Capri Holdings promotes Philippa Newman to Chief Brand and Product Officer
Philippa Newman, who has been with Michael Kors for over 16 years, has been promoted to Chief Brand and Product Officer. In this expanded role, she will oversee all product and marketing functions
Wolverine Worldwide appoints its first Chief Strategy Officer
The US-based outdoor company has announced the appointment of Brett Parent as the first Chief Strategy Officer. He has been with Wolverine for nearly twenty years
Crocs ends 2024 on a positive note
The US-based footwear company has reported a strong full year performance and ended 2024 with a solid balance sheet. From a brand perspective, Heydude continues to fail to take off
Burberry names Charlotte Baldwin as Chief Information Officer
The UK-based luxury label has named Charlotte Baldwin as Chief Information Officer, effective from the end of March. She will be responsible for leading Burberry’s global technology team
Silvia Onofri appointed as the new CEO of Miu Miu
The Italy-based Prada Group has announced the appointment of Silvia Onofri as CEO of its Miu Miu brand. She was president of VF Corp-owned outerwear brand Napapijri until January
Steve Madden to take over Kurt Geiger
The US-based company has entered into a definitive agreement to acquire the Kurt Geiger brand from Cinven for approximately 289 million British pounds (about 361 million USD)-
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