Latest Articles in Management

Sosandar looking to raise at least 4 million pounds to accelerate growth

British womenswear brand Sosandar is looking to raise at least 4 million pounds to accelerate its growth. The company has announced a proposed placing of no less than 18.18 million new ordinary shares via an accelerated bookbuild at a price of 22 pence per share. Additionally, it plans to carry out a separate offer of up to 2.27 million new...

Feb 8, 2023

ManagementFeatured

Under Armour's Q3 revenues increase, raises outlook

For the third quarter, Under Armour revenue was up 3 percent or 7 percent currency neutral to 1.6 billion dollars compared to the prior year. According to Reuters, after the company raised its annual profit forecast, its shares rallied up 8 percent premarket. Diluted earnings per share are now expected to be in the range of 71 cents to 75 cents....

Feb 8, 2023

ManagementFeatured

Capri Holdings posts drop in revenue and earnings

Capri Holdings Limited’s third quarter revenue decreased 6 percent on a reported basis and 0.5 percent in constant currency to 1.51 billion dollars. Gross profit was 1.01 billion dollars and gross margin was 66.5 percent compared to 1.05 billion dollars and 65.1 percent in the prior year. Adjusted gross profit was 1 billion dollars and adjusted...

Feb 8, 2023

ManagementFeatured

Designer Brands acquires Keds brand from Wolverine Worldwide

Designer Brands Inc. has completed the acquisition of Keds from Wolverine Worldwide. "Our growing strength in owned Brands is evident, given that just twelve months ago, the athleisure category was a massive white space opportunity for us, and we now control high-quality brands across multiple price points," said Doug Howe, incoming chief...

Feb 8, 2023

ManagementFeatured

Canada Goose plotting retail expansion with new five-year plan

Luxury outerwear brand Canada Goose has announced a strategic five-year growth plan to double its retail footprint, expand existing categories, and create new opportunities such as homeware, to reach 3 billion Canadian dollars in annual revenue by 2028. In a statement, Canada Goose said that its five-year plan centres around three growth...

Feb 8, 2023

Management

Frasers Group completes acquisition of five JD Sports brands

British fashion giant Frasers Group has completed its acquisition of five brands from rival JD Sports. The group, whose fast-growing portfolio includes Sports Direct, House of Fraser, and Jack Wills, announced in December it had reached an agreement to buy 15 brands from JD in a deal worth 47.5 million pounds. On Wednesday, Frasers Group...

Feb 8, 2023

ManagementFeatured

VF reaffirms full year EPS outlook

For the third quarter, VF Corporation revenues were down 3 percent on current exchange and up 3 percent in constant dollars to 3.5 billion dollars. The company’s earnings per share (EPS) were down 1 percent to 1.31 dollars, while adjusted EPS declined 17 percent to 1.12 dollars. Commenting on the third quarter trading, Benno Dorer, VF’s interim...

Feb 8, 2023

ManagementFeatured

Byborre raises 16.9 million euros in Series B funding

Dutch textile innovation company Byborre has raised 16.9 million euros (18.3 million US dollars) in a Series B funding round to accelerate its international growth. The funding round was led by Invest-NL and VP Capital, along with existing investors Shift Invest and Amsterdams Klimaat en Energiefonds (AKEF), and a group of angel investors...

Feb 6, 2023

ManagementFeatured

Canada Goose lowers FY outlook as Mainland China dents Q3 earnings

Canada Goose has lowered its full-year guidance again after restrictions in Mainland China resulted in a small year-on-year drop in its most important quarter. The outerwear brand made revenue of 576.7 million Canadian dollars in the third quarter ended January 1, down 1.6 percent from the same quarter a year earlier. The company cited “worse...

Feb 3, 2023

ManagementFeatured

Deckers Brands ups FY guidance on strong Q3

Deckers Brands has upped its full-year sales and profit outlook after reporting both top- and bottom-line growth in the third quarter of the year. The US company reported a 13.3 percent increase in Q3 sales to 1.188 billion dollars. On a constant currency basis, sales were up 17.5 percent. Breaking it down by channel, wholesale sales increased 8...

Feb 3, 2023

ManagementFeatured

Kohl’s selects new CEO, signs cooperation agreement with activist shareholder

American chain retailer Kohl’s Corporation has named Tom Kingsbury as its new chief executive officer, effective immediately. Kingsbury has served in an interim capacity for the role since December 2, 2022, and, with the new appointment, will continue to serve on the company’s board. Speaking on the news, board chair Peter Boneparth said in a...

Feb 3, 2023

ManagementFeatured

Columbia Sportswear: Record Q4 sales, but profits fall amid supply chain issues

Columbia Sportswear made record sales of 1.17 billion dollars in the final quarter of the year, but its earnings were impacted by supply chain disruptions. Sales in the fourth quarter were up 4 percent from a year earlier, or up 8 percent on a constant-currency basis, driven by Columbia brand growth, which was partially offset by a drop in sales...

Feb 3, 2023