Latest Articles in Management

Gravity sportswear brand Omorpho secures 6 million US dollar investment

Premium fitness brand Omorpho, co-founded by former Nike executive Stefan Olander and Ben Williams, to revolutionise training with micro-weighted sportswear, has raised 6 million US dollar seed funding at a 26 million US dollar valuation. The investment was led by KB Partners, a leading venture capital firm focused on the intersection of sports...

2 hours ago

ManagementFeatured

Caleres reports record Q1 trading, ups FY outlook

US footwear group Caleres has upped its full-year sales and earnings guidance after reporting record trading in the first quarter of the year. In the three months to April 30, the group reported record net sales of 735.1 million dollars, up 15.1 percent from the prior year. Sales in the group’s Brand Portfolio segment were up 46.1 percent, while...

3 hours ago

ManagementFeatured

Nordstrom raises outlook after strong Q1

For the first quarter, Nordstrom, Inc. reported net earnings of 20 million dollars and earnings per diluted share (EPS) of 13 cents. Excluding a gain on the sale of the company's interest in a corporate office building and an impairment charge related to a Trunk Club property, the company posted an adjusted loss per share of 6 cents. The company...

5 hours ago

ManagementFeatured

Ralph Lauren Q4 revenue ahead of expectations, swings to profit

US fashion brand Ralph Lauren has beat revenue expectations in the fourth quarter of the year as it swung to a profit. In the quarter ended April 2, global revenue increased by 18 percent year-over-year on a reported basis to 1.5 billion dollars. Breaking it down by region, North American revenue increased 19 percent to 674 million dollars,...

1 day ago

Management

Hyve Group says in-person events recovering faster than anticipated

Pure London organiser Hyve Group has reported a faster than anticipated recovery of its in-person events following the end of international lockdowns. The group, which also owns UK trade fairs Scoop, and Moda at Spring & Autumn Fair, reported revenue of 58.6 million pounds in the six months to March 31, up from 5 million pounds a year earlier....

May 24, 2022

ManagementFeatured

Mountain Warehouse launches outdoor marketplace

Mountain Warehouse has launched an online one-stop-shop for all outdoor clothing and equipment with a new third-party marketplace that it states will offer the business a “big step forward”. The Mountain Warehouse Marketplace comes 17 years after the UK website launched in 2005 and aims to offer customers an even greater range of choices when it...

May 24, 2022

ManagementFeatured

Klarna to cut workforce by 10 percent

Buy now, pay later company Klarna has announced that it is cutting 10 percent of its workforce, citing weakening consumer confidence, surging inflation, a volatile stock market and the war in Ukraine. In a blog post, Klarna chief executive Sebastian Siemiatkowski said: “When we set our business plans for 2022 in the autumn of last year, it was a...

May 24, 2022

ManagementFeatured

About You posts 48.5 percent sales growth, outlook positive

About You Holding SE reported year-on-year revenue and customer growth for FY 2021/2022, which ended on February 28, 2022. The company expects continued growth and an improved adjusted EBITDA in FY 2022/2023. The company said in a release that the group recorded top-line growth of 48.5 percent year-on-year to 1,731.6 million euros, despite the...

May 24, 2022

ManagementFeatured

Gymshark FY revenue up 54 percent as profits widen

Gymshark Group has reported a 54 percent increase in revenue in the year to July 31 2021. The sportswear giant made net revenue of 401.9 million pounds, up from 260.7 million pounds a year earlier, according to filings at Companies House. The Solihull-based group’s profit before tax increased to 45.4 million pounds from 30.4 million pounds a...

May 23, 2022

ManagementFeatured

THG rejects takeover offer, property mogul Nick Candy also mulling bid

British e-commerce giant The Hut Group (THG) has turned down a 2 billion pound takeover offer from two investment companies after saying it undervalued the business. The group said late Thursday that it received an unsolicited takeover bid from Belerion Capital Group Limited and King Street Capital Management of 170 pence per share. It rejected...

May 20, 2022

ManagementFeatured

Growth across core geographies boosts Richemont's sales and profit

Compared to the prior year, sales at Richemont grew by 46 percent at actual exchange rates and by 44 percent at constant exchange rates to 19,181 million euros, as growth rebounded in all major markets and distribution channels. The company said strong sales growth rates experienced throughout the first three quarters of the fiscal year...

May 20, 2022

ManagementFeatured

Jacquemus taps Paco Rabanne chief Bastien Daguzan as new CEO

French fashion house Jacquemus has tapped Bastien Daguzan as its new chief executive officer. Daguzan joins from Spanish luxury brand Paco Rabanne, where he has served as CEO since 2017, during which time he worked alongside artistic director Julien Dossena and was credited with driving the company’s direct-to-consumer transformation. Prior to...

May 20, 2022