Companies
Wolverine Worldwide appoints Susie Kuhn to lead Active Group
The US-based company has announced the appointment of industry veteran Susie Kuhn as President of its Active Group, which includes the Merrell, Saucony, and Chaco brands
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VF Corp reports sequential quarterly improvement
Although the company’s revenue was still down year-on-year in the second quarter, there were signs of improvement, especially in the performance of Vans, which has weighed on VF’s overall performance
Footasylum secures new bank funding to boost UK expansion
The new funding from HSBC UK will be used to expand stores, improve technology and support exclusive brands. The agreement encourages Footasylum to meet sustainability targets to decrease loan costs
Skechers reports record third quarter results
The US-based footwear company reported record third quarter results, boosted by international and domestic sales, and set strong guidance for the fourth quarter and full year 2024
Birkenstock expands presence in South Korea with new e-commerce platform
The global brand with German roots has launched a dedicated e-commerce website and loyalty programme in South Korea. Birkenstock also plans to open physical stores in 2025
Deckers posts strong second quarter
The California-based footwear company posted another strong quarterly performance, with net sales up by 20.1% year-on-year, driven by continued demand for the Hoka and Ugg brands
US Court blocks Tapestry’s acquisition of Capri
A US court has blocked the pending 8.5 billion US dollars merger between Tapestry and Capri with a preliminary injunction, marking a victory for the US Federal Trade Commission (FCT)
Zalando raises full year guidance after strong third quarter results
The German online multi-brand company has upgraded its financial forecast for 2024 following a strong third quarter, driven by its new ecosystem strategy and rising consumer demand in the fall/winter season
H&M showcases brand identity at New York pop-up
The Sweden-based fashion retailer will open a pop-up store in New York City’s Nolita neighbourhood to showcase “the very best of the brand’s fashion identity”
New CEO at the helm of Coats Group
The UK-based industrial thread manufacturer for apparel and footwear has now a new Chief Executive Officer. David Paja took up the role this month, succeeding Rajiv Sharma
Decathlon’s investment arm to bring sustainable fashion innovation technology to Europe
Decathlon Pulse has partnered with unspun to expand the use of 3D weaving technology across Europe, with a focus on reducing waste and promoting sustainable, locally-produced fashion with minimal inventory
Stella Holdings reports modest revenue growth in third quarter
Although Stella experienced modest revenue growth in the third quarter, year-to-date revenue growth is up by 5.1%, driven by sports orders. The company continues to make progress towards its three-year targets
Ferragamo continues to struggle amid decreasing consumer confidence
The Italian luxury group reported a third quarter revenue drop of 7.2% year-on-year due to weak demand in the Asia Pacific region and declining wholesale sales, despite gains in Japan and Latin America
adidas exceeds expectations with third quarter results
Preliminary results for the third quarter of 2024 show adidas with increased revenue and higher gross and operating margins. As a result, the company raised its full year guidance for the third time in 2023-
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