Companies
adidas reports second quarter results
The company reported growth flat in the second quarter and first half of 2023, but added that is seeing some improvement in its performance, also due to the sale of Yeezy inventory
Wolverine's announces unexpected CEO change
The Board of Directors has appointed Christopher E. Hufnagel as President, Chief Executive Officer, and a member of the Board of Directors, effective immediately. Mr. Hufnagel succeeds Brendan L. Hoffman, who is no longer with the company
Tapestry acquires Capri in 8.5 billion US dollars deal
The two houses announced that they have entered into a definitive agreement under which Tapestry will acquire Capri Holdings. Under the terms of the transaction the total enterprise value will be of approximately 8.5 billion US dollars
Steve Madden posts decline in revenue
The New York-based designer and marketer of footwear, accessories and apparel posted a 16.8% revenue decline in the second quarter of 2023, as compared to the same period of last year
Ferragamo's CFO resigns
Alessandro Corsi, the manager overlooking Salvatore Ferragamo's financial reporting, resigned and will terminate his employment agreement with the company on the 30th of September, 2023 to take on a new professional challenge
Columbia Sportswear announces second quarter results
The US-based company's sales increased by 7% year-on-year in the second quarter of 2023. The company emphasised its good performance in international markets, while the US market proved more challenging
2022: exports of footwear on the rise
The World Footwear Yearbook 2023 just released by APICCAPS, the Portuguese Footwear Association, presents a detailed analysis of the footwear exports' movements in 2022. Get access to all the relevant information today
Rocky Brands second quarter sales fall by 38%
As retailers continue to work with excess inventory levels, the US-based footwear manufacturer posted another sales and profits drop in the second quarter of 2023 from the same period of 2022
VF Corp posts a weak first quarter
The US-based footwear company posted an 8% decline in revenue in the first quarter of fiscal 2024, as compared to the same period of last year. Vans continues to struggle
Farfetch appoints Tim Stone as Chief Financial Officer
The UK-based luxury e-tailer has announced that Tim Stone will succeed Elliot Jordan in the role of Chief Financial Officer (CFO), effective from the 1st of September
Deckers off to a good start
The US-based company announced that it has raised its outlook for the 2024 fiscal year after posting a solid first quarter, driven by strong momentum from the Hoka brand
Hotter Shoes' CEO and CFO exit the company following the acquisition by WoolOvers
Both Ian Watson, Chief Executive Officer of the footwear brand, and Gavin Manson, its Chief Financial Officer, have reportedly resigned days after the acquisition by WoolOvers Group
Yue Yuen issues profit warning
The group has informed its shareholders and potential investors that it expects a first half profit decline between 50% to 55% from the 175 million US dollars recorded in the same period of 2022
adidas to further release existing YEEZY products this month
A second batch of YEEZY products will be released in phases throughout August, with a significant amount to be donated to selected organisations working to combat discrimination and hate
Asia accounts for more than half of global footwear consumption
This is one of the main conclusions of the World Footwear Yearbook 2023, just released by APICCAPS, the Portuguese Footwear Association. Read more about it today-
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