MILAN – The expansion of direct-to-consumer sales and investments in consumer experience contributed to a solid growth of Golden Goose across geographies in the first nine months of the year. Revenues of the Italian brand rose 19 percent to 421 million euros in the period ended Sept. 30. Compared with 2021, sales climbed 60 percent. In the […]
Retailers in the third quarter noted a broad consumer pullback in discretionary categories. But that didn’t stop them from sharing positive projections for Black Friday, Thanksgiving weekend and subsequent Christmas shopping weekends. While retailers are generally optimistic about holiday, many are emphasizing value to win over inflation-stricken consumers during an uncertain economic environment — and that means […]
Another Ugg comeback is officially taking hold. After several quarters of lagging sales, Deckers Brands reported on Thursday that the label has returned to gains in the second quarter of fiscal 2024 — and the momentum is expected to continue. In fact, the Goleta, Calif.-based footwear company reported that Ugg saw net sales in the period increase 28.1 percent to […]
Veja is sitting out of the Black Friday mania this year. The sustainable sneaker company announced on social media that instead of promotions, they will offer customers a free sneaker repair in one of its cobbler locations. In June 2020, the company launched the Darwin project to minimize waste with a facility in France that cleans and restores worn sneakers and […]
Retailers in the third quarter noted a broad consumer pullback in discretionary categories. But that didn’t stop them from sharing positive projections for Black Friday, Thanksgiving weekend and subsequent Christmas shopping weekends. While retailers are generally optimistic about holiday, many are emphasizing value to win over inflation-stricken consumers during an uncertain economic environment — and that means […]
Amazon‘s head fashion executive Muge Erdirik Dogan has left her role at the e-commerce giant to become the chief technology officer at Nike, according to a report in Bloomberg. Erdirik Dogan served as the VP of fashion and fitness at Amazon since February of 2021, according to her LinkedIn account. Amazon confirmed in a statement that she departed to “pursue […]
Manitobah has just announced a major refresh to its executive leadership team. The footwear brand with indigenous roots this week announced Carolyn MacNaughton as CEO and Tom Hildrum as CFO. Mike Wodtke has shifted his role from chief digital officer to chief marketing officer. MacNaughton replaces Manitobah’s former CEO Greg Tunney, who left his role in May […]
Steve Madden shares dipped a little more than 1 percent in pre-market trading after the company reported earnings for the third quarter and downgraded its full-year outlook. In the third quarter, the company reported revenues of $552.7 million, down 0.7 percent compared to the same quarter in 2022. Adjusted net income was $65.1 million, or $0.88 per diluted […]
Ralph Lauren Corp. continued to play its game well in the fiscal second quarter — despite weakness in the North American wholesale business and a tougher economy. The company has been on a campaign to elevate its brand and kept at it this quarter, boosting average unit retail prices at its own stores and on its website by […]
Pitti Uomo is gearing up to launch its next edition. Slated to run from January 9-12 at Florence’s historic Fortezza da Basso, the Italian menswear trade show will kick off the fall/winter 2024 men’s selling season as the industry still deals a plethora of economic concerns. As the men’s industry prepares for another in-person fair, see here a […]