Companies
Financial head of Capri Holdings to join Macy’s
The US department store chain has shuffled its executive team to drive its Bold New Chapter strategy. In particular, Thomas J. Edwards will become chief operating officer and chief financial officer
H&M posts weaker-than-expected first quarter
The Sweden-based fashion group has posted weaker-than-expected first quarter results, but remains optimistic about the future as it continues to focus on long-term profitable growth
Nike reports drop in revenue and profits in the third quarter
The US-based sportswear company has reported a drop in revenue and profits in the third quarter of the year, as it continues its turnaround strategy to improve long-term profitability
Capri Holdings announces CFO resignation and appoints interim successor
Thomas J. Edwards, Jr, currently Chief Financial Officer and Chief Operating Officer of Capri Holdings, has resigned. Rajal Mehta, Chief Financial Officer of Michael Kors, will assume the role on an interim basis
Portuguese B2B shoe platform Dportus enters the market
Created by Diogo Ribeiro, grandson of the founder of Campeão Português, the B2B platform dportus allows footwear manufacturers to showcase their collections, know-how and services
Footasylum reports strong full year results
The British sportswear retailer has reported “another year of record revenue and profit” in the fiscal year 2025, as it continues its digital-first strategy and ongoing store expansion
Franklin R. Bracken to drive Lace Up Plan as President of Foot Locker
Franklin R. Bracken, Executive Vice President and Chief Commercial Officer of Foot Locker, has been appointed President, effective immediately. He will be responsible for driving the Lace Up Plan
Shoe Carnival outlines growth strategy for Shoe Station banner
As it reported its fourth quarter and full year 2024 results, the US-based footwear retailer has unveiled a strategy to “rapidly scale up Shoe Station” into a national footwear retailer
Schuh transforms post consumer waste into store fixtures
The British footwear retailer Schuh has teamed up with waste design studio Are You Mad to transform its post-consumer waste into usable and creative objects for its store fixtures
Stella Holdings with net income growth of 21% in 2024
The Hong Kong-based footwear group said its net income grew by 21% year-on-year in 2024, as it continues to invest to meet its Three-Year Plan targets
New Generation: meet Carina Pereira
Carina Pereira has a degree in physiotherapy and has been working in the family business for 12 years. Founded in 2005, the Portuguese company Calçado Albano Pereira produces shoes for men, women and children
Caleres reports fourth quarter and full year sales decline
As it continues to invest in initiatives to support long-term growth, the US-based company has reported an 8.3% year-on-year decline in net sales in the fourth quarter and a 3.4% year-on-year decline in full year net sales
Designer Brands returns to comparable sales growth in the fourth quarter
The US-based company highlighted a return to comparable sales growth in the fourth quarter of fiscal 2024 as a sign of the success of its strategic initiatives. Despite short-term pressures, the company is optimistic about 2025
Zalando forecasts accelerated growth for 2025
After a strong performance in 2024, driven by both business-to-consumer (B2C) and business-to-business (B2B) growth vectors, the German multi-brand online company foresees continued growth in 2025
Executive reshuffle at LVMH
Frédéric Arnault has been appointed CEO of Loro Piana. Meanwhile, Damien Bertrand has been appointed deputy CEO of Louis Vuitton and Fendi CEO Pierre-Emmanuel Angeloglou joins Dior as deputy CEO
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