Latest Articles in Management

Next snaps up Cath Kidston for 8.5 million pounds

British high street giant Next is once again bolstering its portfolio, this time by announcing plans to acquire fashion and lifestyle brand Cath Kidston. Next said in a brief statement Tuesday: “The company announces that it has agreed to acquire the brand name, domain names and intellectual property of CK Acquisitions Ltd from the...

Mar 29, 2023

ManagementFeatured

Next posts sales and profit growth

Full price sales at Next plc were up 6.9 percent versus 2021/22 and up 20.5 percent versus 2019/20. The company said in a release that total trading sales including markdown sales were up 8.4 percent versus 2021/22 and up 20.6 percent versus 2019/20. Next pre-tax profit was 870 million pounds, up 5.7 percent versus 2021/22 and up 16.3 percent...

Mar 29, 2023

ManagementFeatured

Lululemon's Q4 sales jump, aims to double revenues by 2026

Lululemon Athletica Inc. reported fourth quarter net revenue increased 30 percent to 2.8 billion dollars or increased 33 percent on a constant dollar basis. For fiscal 2022, the company’s net revenue increased 30 percent to 8.1 billion dollars or increased 32 percent on a constant dollar basis. The company said in a statement that its Power of...

Mar 29, 2023

ManagementFeatured

Hotter Shoes owner Unbound Group mulls sale

Unbound Group, the owner of British footwear retailer Hotter Shoes, is considering accepting a takeover bid by knitwear specialist WoolOvers Group Limited. In a statement Tuesday, Unbound said it is “in discussions with WoolOvers Group in relation to a possible cash offer for the entire issued and to be issued share capital of Unbound”. It said...

Mar 28, 2023

ManagementFeatured

Tommy Hilfiger and Calvin Klein drive revenue growth at PVH

Fourth quarter revenue at PVH Corp. increased 2 percent or 8 percent on a constant currency basis to 2.489 billion dollars. Tommy Hilfiger revenue increased 3 percent or 10 percent on a constant currency basis, Calvin Klein revenue increased 3 percent or 8 percent on a constant currency basis and Heritage Brands revenue decreased 10 percent...

Mar 28, 2023

ManagementFeatured

Matalan names Karl-Heinz Holland as chairman and Jo Whitfield as CEO

Fashion and homeware retailer Matalan has appointed Karl-Heinz Holland as the company’s new chair, Jo Whitfield CBE, former CEO of Co-op Food, as the new CEO. The company said in a release that Nigel Oddy, interim CEO of Matalan, has concluded his six-month role and Paul Copley will step down from his interim chair role and will remain on the...

Mar 28, 2023

ManagementFeatured

In The Style shareholders narrowly approve takeover

British fashion retailer In The Style will go ahead with its sales process after 58.92 percent of shareholders backed the move. The retailer will sell its operating subsidiary, In The Style Fashion Limited (ITSFL), for a total cash consideration of 1.2 million pounds following the completion of a strategic review earlier this year. The deal with...

Mar 27, 2023

ManagementFeatured

Calida Group to appoint Felix Sulzberger as chairman, CEO Timo Schmidt-Eisenhart steps down

At the upcoming annual general meeting on April 19, 2023, Calida Holding AG will propose Felix Sulzberger, Allan Kellenberger, Thomas Stöcklin and Eric Sibbern for election to the board of directors. The company said in a release that also proposed for shareholder approval will be the re-election of current independent board members Laurence...

Mar 27, 2023

ManagementFeatured

Express Q4 comparable sales decline by 13 percent

Fashion apparel retailer Express, Inc. reported a net sales decrease of 14 percent to 514.3 million dollars in the fourth quarter of 2021, with consolidated comparable sales down 13 percent. Full year consolidated net sales decreased to 1,864 million dollars from 1,870 million dollars in 2021, with consolidated comparable sales flat. "We...

Mar 24, 2023

ManagementFeatured

Puig reports 3.6 billion euros in revenue for 2022

Beauty and fashion giant Puig has outlined its financial results for the year 2022, reporting an impressive 3.62 billion euros in net revenues, up 40 percent from 2021. The Spanish group, which operates beauty for the likes of Charlotte Tilbury, Jean Paul Gaultier, and Dries Van Noten, said EMEA was its highest performing region, representing 54...

Mar 24, 2023

ManagementFeatured

Torrid swings to FY profit as Q4 losses narrow, appoints CCO

Plus-size womenswear brand Torrid returned to a profit in the year ended January 28 as its fourth-quarter losses narrowed. The US brand, which specialises in fashion for sizes 10 to 30, ended the year with a net income of 50.2 million dollars compared to a loss of 29.9 million dollars a year earlier. Adjusted EBITDA for the full year fell to...

Mar 24, 2023

ManagementFeatured

Oxford Industries reports strong growth in sales and earnings

Oxford Industries, Inc. net sales for the full fiscal 2022 year increased 24 percent to 1.41 billion dollars, while earnings per share (EPS) on a GAAP basis increased 31 percent to 10.19 dollars and adjusted EPS increased 36 percent to 10.88 dollars compared to fiscal 2021. The company’s net sales in the fourth quarter increased 28 percent to...

Mar 24, 2023