Business

Carter's records drop in Q4 sales and earnings

Carter’s, Inc. fourth quarter consolidated net sales decreased 110.6 million dollars or 10.1 percent to 989.9 million dollars, while full year consolidated net sales decreased 495 million dollars or 14.1 percent to 3 billion dollars. The company said, sales declined in all segments principally due to disruptions related to the Covid-19 pandemic....

26 Feb 2021

Business

LVMH subsidiary buys majority stake in Birkenstock

A subsidiary of French luxury group LVMH and its billionaire owner Bernard Arnault have purchased a majority stake in Birkenstock, the German maker of the iconic and eponymous sandals said Friday. No details were given about the price paid by LVMH subsidiary L Catterton and Arnault's family holding fund Financiere Agache, but analysts put the...

26 Feb 2021

People

Outdoor Voices taps Urban Outfitters president as new CEO

US activewear brand Outdoor Voices has tapped Urban Outfitters president Gabrielle Conforti as its new CEO. In her new position, Conforti is tasked with building on the company's current momentum, having recently become profitable, as well as focusing on creating "exciting new products for customers, doubling down on the brand's Recreationalist...

26 Feb 2021

Business

Wolverine Worldwide Q4 sales drop by 16.1 percent

For the fourth quarter, Wolverine World Wide, Inc. said reported revenue was 509.6 million dollars, down 16.1 percent versus the prior year, while on a constant currency basis, revenue was down 16.4 percent versus the prior year. The company’s owned ecommerce reported revenue grew 31.7 percent versus the prior year. The company added that...

25 Feb 2021

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