Designer Brands resumes comparable sales growth in Q4, sees more ahead in FY25
Designer Brands expects to see profitable sales growth in the current fiscal year despite signs of consumer caution, after it returned to comparable sales growth in the fourth quarter ended Feb. 1 for the first time in nine quarters.
Stella’s operating income rises 15.7% in 2024
Stella International Holdings improved its operating profit margin, shipping volumes, and revenues for the 12 months ended Dec. 31, surpassing the dual targets of its three-year strategic plan. Stella’s annual operating income rose 1.20 percentage points to 11.9 percent, fueled by an expanded and diversified customer portfolio and the relocation ...
Caleres sees sales continuing to fall in Q1 amid consumer headwinds, retailer caution
Caleres expects sales in the first quarter of fiscal year 2025 to fall by 5-6 percent compared to the year earlier, a result encompassing the “very challenging business” it saw in February and an improvement in the first three weeks of March. Earnings per diluted share for the quarter are ...
Shoe Carnival ramps up Shoe Station rebannering plans
Shoe Carnival announced plans to convert some 175 stores to its higher-priced Shoe Station banner in the next 24 months, in an aggressive rebannering strategy that will see Shoe Station grow to represent a majority of its store fleet and is expected to give a significant mid-term boost to both ...
Allbirds banking on new assortments, initiatives to fly high again in late 2025
Allbirds believes new product assortments in the fall will bolster its fortunes and topline starting in the fourth quarter of 2025 after a transitional year in 2024.
Golden Goose’s sales accelerate in Q4
In 2024, Golden Goose’s net revenues rose by 13 percent at constant exchange rates to €654.6 million. In the sole fourth quarter, the top line was up by 14 percent to €188.6 million.
Azzas 2154’s footwear sales growth accelerates as DTC shines and franchise sales recover
The footwear and accessories business of the Brazilian footwear and apparel group Azzas 2154 reported gross revenues of 1,332.7 million reais (€210.0m) in the fourth quarter of 2024, up by 4.5 percent compared to the year earlier and accelerating from the 3.2 percent growth seen in the previous quarter, as ...
Boohoo to rebrand as Debenhams in bid to arrest sales slump
Boohoo is rebranding as Debenhams Group as part of new Chief Executive Dan Finley’s plans to turn around the fortunes of the British online fast fashion amid an ongoing tough trading environment.
Inditex’s sales slow down in the opening weeks of fiscal 2025
Inditex’s sales in the full year ending Feb.1 grew by 7.5 percent to reach €38.6 billion, thanks to “very satisfactory development both in stores and online.” Sales in constant currency grew by 10.5 percent.
Yue Yuen reports improved FY results on manufacturing rebound
Yue Yuen posted a 47 percent increase in 2024 Ebit to $572.1 million versus $390.2 million in 2023.
