Companies
Asos returns to profitability
Despite a third quarter revenue decline, the UK-based online retailer returned to profitability, saying that its turnaround strategy is starting to work. This led Frasers to increase its stake in the company
Nike launches Well Collective
The US-based sportswear giant launched the Well Collective commitment to “support wellness journeys for everyone”. This initiative is built on the brand's five pillars of holistic fitness
Aldo teams up with Brook Brothers
Authentic Brands Group (ABG) and the Canadian-based Aldo Group have entered a partnership to expand Brooks Brothers' assortment of men's footwear and small leather goods
Positive perspetives for footwear businesses
In this edition of the Business Conditions survey, we asked our panel of experts to share their expectations about the health of the future business in the next semester. Read about the conclusions below
Puma reorganizes its global marketing organization
This major reorganization of Puma’s global marketing organization includes the relocation of the Brand Management and Marketing Operations from Boston to the Germany's headquarters
Stitch Fix announces new CEO
The US-based personal styling company appointed Matt Baer, former Chief Customer & Digital Officer at Macy's, as its new Chief Executive Officer and member of the Board of Directors
Average footwear prices expected to increase
In the latest edition of the World Footwear Business Conditions Survey, our panel members predicted an increase of 7.3% in footwear prices over the next six months. Get free access to the report with the main conclusions
Burberry reports full year revenue growth
The UK-based luxury group has posted a 10% rise in revenue during fiscal 2023 from the prior year, underlining a rebound in performance in the Mainland China in the fourth quarter
Keen footwear lowers its prices
The Oregon-based footwear company is lowering its prices to give some relief to consumers in this inflationary environment
Owner of Lavoro invests 5 million euros to boost productivity
The Portuguese manufacturer of professional footwear ICC – Footwear Industry and Commerce will invest 5 million euros to increase its productivity by 20% and double sales
Shoe Zone delivers positive trading update
The UK-based retailer reported that trading exceeded expectations during May and June due to strong early demand for summer products and lower container rates, which helped to improve margins
Designer Brands announces first quarter results
After seeing its sales and earnings decline in the first quarter of 2023, the North American company has decided to approach the rest of the year with “heightened” caution, lowering its full year guidance in result
Inditex posts sales and profit growth
The Spanish-based fashion group posted a sales and net income increase of 13% and 54%, respectively, in the first quarter of 2023, as compared to the same period of last year
Maison Margiela with new CEO
The Paris-based luxury house has appointed Gaetano Sciuto as its new Chief Executive Officer, effective the 17th of July, and Stefano Rosso will be the house’s new Chairman, says WWD
Caleres first quarter sales decrease
The US-based group has posted a 9.8% year-over-year sales decline in the first quarter of 2023, amid a challenging operating environment that forced it to take several cost-cutting measures-
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