Companies
Mulberry cuts jobs amid efforts to turn around the business
The British luxury handbag company has cut dozens of jobs as part of a major shake-up to turn the business around, after a sales plunge of 19% in the six months to December
Dr. Martens reports half year results for fiscal 2025
In its transition year, the British brand reported decreased revenue for the first six months of fiscal 2025. In contrast, the company improved its balance sheet, progressing towards key objectives
Capri reshuffles Michael Kors leadership team
Capri’s CEO John D. Idol will assume the additional role of CEO of Michael Kors, succeeding Cedric Wilmotte. Philippa Newman has been promoted to Chief Product Officer of the brand
Sports goods manufacturer Le Coq Sportif placed in receivership
The French sportswear company that supplied the uniforms for the country’s Olympic team has been placed under judicial reorganisation by the Paris Commercial Court. It is now seeking new financing solutions
Robert Barakett ventures into the footwear segment
The Canadian-based brand is set to launch its first footwear collection, featuring Italian-made shoes, for the fall 2025 season. Eric Edmonds, with decades of experience, will lead the new division
Third quarter net sales fall at Shoe Carnival despite strong back-to-school season
The US-based retailer has reported a 4.1% year-on-year fall in net sales in the third quarter, hit by a shift in the retail calendar, two hurricanes that disrupted many of its stores and prolonged warm weather that delayed boot season
Wolverine Worldwide opens innovation hub in Boston
The US-based company, which owns brands such as Merrell and Saucony, has opened an innovation hub in Boston to accelerate product design and development, as part of its wider transformation strategy
Caleres appoints SVP of New York brands
The US-based footwear company has appointed Nancy Bitetto as Senior Vice President of New York Brands to accelerate growth and expand profitability across its brand portfolio
Burberry launches new strategic plan amid profit losses
The British luxury company announced first-half results for fiscal 2025. Declined revenue and profitability prompted a strategic reformulation to revitalise the brand and return to sustainable growth
Skechers to accelerate growth in Europe with new expanded distribution centre
The US-based footwear company has announced that it is moving its European distribution centre to a larger, single facility in Liège, Belgium. The aim is to support growth in Europe
Wholesale continues to weigh on Geox’s performance
In line with the first half, the footwear company has reported a decline in sales for the first nine months of the year, as the wholesale channel continues to weigh on overall performance
Alpargatas reports continued growth in 2024
Havaianas' performance in Brazil, with increased volumes and improved margins, and Rothy's revenue growth of 29% in the third quarter of 2024, compared to last year, anchors Alpargatas' growth
Grendene posts strong nine-month performance
Despite a challenging macroeconomic environment, the Brazilian footwear company, owner of the Melissa and Ipanema brands, has posted a strong performance in the first nine months of the year
Yue Yuen reports revenue growth in the first nine months of 2024
Despite challenges in retail sales and market uncertainties, the Hong Kong-based group reported revenue growth and improved profitability, driven by manufacturing demand and operational improvements
Ross Stores announces Jim Conroy as its new Chief Executive Officer
James Conroy, a seasoned retail executive, will assume the CEO role at Ross Stores on the 2nd of February 2025. The current CEO, Barbara Rentler, will transition to an advisory role until March 2027-
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