Business

Authentic Brands Group snaps up British heritage brand Hunter

Continuing on its string of notable acquisitions, Authentic Brands Group has announced that it has acquired the intellectual property (IP) of Wellington boot specialist Hunter. Speculation of Authentic’s potential takeover had been evident since the beginning of the year, when it was reported that Hunter was mulling a possible cash injection in...

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Business

Lululemon reports 24 percent revenue boost, driven by international sales

Sportswear retailer Lululemon has reported strong results for the Q1 period of fiscal year 2023, with its net revenue up 24 percent hitting two billion dollars. The rise was particularly driven by international sales, for which revenue had increased 60 percent compared to 17 percent in North America. Comparable store sales also rose 16 percent,...

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Business

Nordstrom Q1 profits narrow, reiterates FY adjusted EPS outlook

Nordstrom has reaffirmed its full-year revenue and adjusted EPS outlook despite weaker sales in the first quarter as the company was impacted by falling consumer demand and the impact of the wind-down of its Canadian operations. Total net sales at the US department store chain fell 11.6 percent to 3.06 billion dollars in the quarter ended April...

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People

Wolverine Worldwide taps new president amid wider leadership changes

Wolverine Worldwide has announced a number of changes to its leadership team, including Chris Hufnagel as new company president. Company veteran Hufnagel has spent the last 14 years at the business, most recently serving as president of the company’s Active Group, and previously serving as global brand president of Cat Footwear. Hufnagel has...

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