Latest Articles in Management

Clarks CEO steps down after just two years at the helm

Footwear specialist Clarks has confirmed that its chief executive officer Jon Ram has stepped down from the helm position after just two years. Ram joined the company from HanesBrands at a time when Clarks was carrying out a turnaround strategy with the goal of future-proofing the business and building a foundation for sustainable growth. As...

Management

Spanish fashion and beauty brand Puig poised for IPO

The iconic Nina Ricci, Paco Rabanne and Jean-Paul Gaultier labels make their market debut Friday as Spanish fashion and beauty group Puig begins trading on the Madrid stock exchange. For the family-owned Puig Group, which has expanded rapidly into luxury goods, going public is a big step which will allow it to compete with the giants of the...

ManagementFeatured

Aritzia delievers Q4 revenue growth of 7 percent

Aritzia delivered fourth quarter net revenue of 682 million Canadian dollars, an increase of 7 percent, while comparable sales declined 3 percent. Full year net revenue increased by 6.2 percent to 2.33 billion Canadian dollars, resulting in a three year CAGR of 39.6 percent. Comparable sales decreased 1 percent. “As expected, we also delivered...

Management

Groupe Dynamite Inc. appoints Stacie Beaver as President and Chief Operating Officer

Canadian-based women's wear retailer Groupe Dynamite Inc. (GDI) has announced the promotion of Stacie Beaver to the role of company president and chief operating officer. The promotion, effective April 17, is part of GDI’s broader commitment to its core values and the growth of its organization. With close to 30 years of experience within the...

ManagementFeatured

Kontoor Brands raises 2024 earnings outlook

For its first quarter Kontoor Brands revenue was 631 million dollars, a decrease of 5 percent or 6 percent in constant currency compared to the prior year. The company said in a release that revenue decline was primarily driven by retailer inventory management actions in the US, a decrease in revenue from seasonal products, and lower...

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Mango strengthening UK presence with 20 new stores

Spanish fashion retailer Mango has said it is continuing to drive forward with its retail expansion plans to strengthen its presence in the UK, with the opening of more than 20 stores by the end of 2024. Mango closed 2023 with 60 stores and its brand consolidation plan in the UK is focused on expanding its retail presence in London and Scotland,...

ManagementFeatured

Mulberry sales decline 4 percent in FY24

In a year end trading statement, Mulberry Group said, against a backdrop of challenging macroeconomic conditions and a decline in luxury consumer spending, group revenue declined 4 percent or 2.7 percent on CER versus the prior year. Commenting on the update, Thierry Andretta, Mulberry’s chief executive officer, said: "While we achieved positive...

ManagementFeatured

Hugo Boss reports sales and profit growth

In the first quarter of 2024, Hugo Boss sales amounted to 1,014 million euros, an increase of 6 percent currency adjusted, with revenue improvements across both brands, all regions, and all distribution channels. In group currency, revenues expanded by 5 percent. The company said in a release that EBIT grew by 6 percent to 69 million euros,...

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Estée Lauder delivers Q3 sales and earnings growth

For the third quarter, The Estée Lauder Companies reported net sales of 3.94 billion dollars, an increase of 5 percent with organic net sales increase of 6 percent due to double-digit growth in Europe, the Middle East & Africa (EMEA), driven by stronger sales in Asia travel retail. The company’s third quarter net earnings rose to 330 million...

Management |Retail Featured

Lounge reports positive growth and plans to continue retail expansion

Multi-channel underwear and apparel retailer Lounge has reported positive year-on-year growth due to growth in its international markets and retail expansion in the UK. The British-based brand has reported sales of 67.9 million pounds for the year ended June 30, a 6 percent increase and a pre-tax profit of 5.5 million pounds compared to the...

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Amazon triples quarterly profit as cloud, ads and retail businesses thrive

E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled. Amazon shares were up about one percent in after-market trades that followed release of the earnings figures, with Wall Street keeping a close eye on the impact of AI as well as costs involved. "It was a good start to the year across the business," Amazon...

ManagementFeatured

Lanvin Group maintains growth momentum in 2023

Lanvin Group full year revenue of 426 million euros, increased 1 percent; and gross profit was 251 million euros, representing a 59 percent gross margin, a 250 bps increase versus 2022. Commenting on the full year trading, Zhen Huang, chairman of Lanvin Group, said: "In reviewing our 2023, I thought back to the resiliency we showed during the...