Companies
Indian government considering monitoring imports of leather products
The Commerce Ministry in India is considering introducing an import monitoring system for the leather sector. Under such a system, the traders will have to provide advance information about the products to be imported
JD Sports appoints Dominic Platt CFO
British sportswear retailer JD Sports Fashion has appointed Dominic Platt as its Chief Financial Officer, replacing Neil Greenhalgh who is stepping down in the summer after four years in the role
VF reports a revenue decline
The US-based company posted a decrease in revenue and profits in the last quarter of fiscal 2023, but stressed that it has already improved its performance in terms of supply challenges
Authentic Brands Group eyeing Hunter Boots
New York-based ABG, the owner of Reebok and Ted Baker, is one of the possible bidders for Hunter Boots, the Wellington boots specialists
JD Sports delivers solid performance
According to the group's latest update on fiscal 2023, the UK-based retailer saw its revenue and profit before tax and adjusting items grow year-over-year despite supply chain challenges
German footwear manufacturer EOD declares insolvency
The company, known for the Groundies shoe brand, has filed for insolvency proceedings with the Freiburg District Court with the aim of restructuring itself to get back “on solid ground”
GianPaola Pedretti, Exhibition Manager of Expo Riva Schuh & Gardabags: we are confident it will return to its peak levels by next year
With the footwear and accessories goods market on the upswing, expectations are high for the next edition of the Expo Riva Schuh & Gardabags. We spoke to GianPaola Pedretti, Exhibition Manager, to get an overview of what to find from the 17th to the 20th of June in Garda
Vulcabras posts a 54.8% increase in net profit
The Brazilian-based company of sports footwear reported “strong growth” in the first three months of the year, despite an “unstable macroeconomic scenario and a challenging retail environment”
Wolverine Worldwide reiterates full year outlook
The US-based company posted a first quarter revenue decline in 2023 of 2.5% year-over-year, but delivered earnings slightly above its expectations, thus reiterating its yearly guidance
Puma appoints new Managing Director for the Indian business
The German-based sportswear company appointed Karthik Balagopalan to the role of Managing Director of Puma India, one of its fastest-growing markets, effective on the 1st of August
Asics net sales grow by 45%
The Japan-based sportswear company posted a net sales growth of 44.6% in the first quarter of 2023, as compared to the same period of last year, driven by the rebound of the Asia region
Allbirds co-founder Tim Brown takes on a new role in the company
The co-founder and co-CEO of the Californian-based footwear brand has stepped down from his CEO role into Chief Innovation Officer. This move comes amid a round of lay-offs as losses mount
Steve Madden starts the year with a mixed performance
The US-based company, which reported a first quarter revenue decline of 17.1% in 2023, year-over-year, reiterated its full year outlook amid a challenging macroeconomic environment
Former parent company of Reno also files for bankruptcy
Unable to overcome the challenges posed by the COVID-19 pandemic and the energy crisis, the German HR group filed for insolvency, following the path of its previously-owned footwear retailer, Reno
Nordstrom appoints Cathy R. Smith as Chief Financial Officer
Smith joins Nordstrom from Bright Health Group where she has served as Chief Financial and Administrative Officer since 2020. The appointment is effective from the 29th of May onwards-
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