Articles by Prachi Singh
Shoe Zone to invest in digital strategy as online revenues increase
Shoe Zone, a value footwear retailer in the UK, reported profit before tax declined to 10.1 million pounds, while adjusted profit before tax reduced to 10 million pounds, resulting in earnings per share of 16.04p. Total revenue declined by 2.7 percent to 161.3 million pounds, driven by a 6.5 percent drop in store revenue to 126.1 million pounds....
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Kizik expands distribution in South Korea, France, Gulf and Spain
Kizik has signed new distribution partnerships in South Korea, France, the Gulf Countries, and Spain. "Kizik's expansion into South Korea, France, the Gulf Countries, and Spain marks another exciting step forward in our mission to bring joy to everyday routines. Together, we are transforming the way people experience footwear," said Monte Deere,...
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Magnum Boots partners with K Brands to strengthen US distribution
Magnum Boots has signed a long-term partnership with K Brands as its exclusive distribution partner in the United States. Through the collaboration Magnum Boots aims to scale its presence in the US by tapping into K Brands distribution network throughout the country. The company also announced that US Army and industry veteran Glen Reich has...
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WHP completes the acquisition of Vera Wang fashion brand
New York based brand management firm WHP has completed the acquisition of the intellectual property of the iconic Vera Wang fashion brand, which was announced in December last year. WHP Global to acquire IP of Vera Wang, founder to remain onboard as Chief Creative Officer . As part of the transaction, Vera Wang will continue in her role as...
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Authentic partners with SCI to expand Reebok’s presence in golf
Authentic Brands Group (Authentic) has partnered with Sports Casuals International (SCI), a global sports apparel design and manufacturing company, to expand Reebok’s footprint in the golf category. Through the partnership, the company said in a release, SCI will design, manufacture and distribute Reebok-branded adult performance golf apparel...
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Andy Lew named head of Lanvin Group's second headquarters in Europe
Lanvin Group has announced key leadership and board changes designed to strengthen its position in the luxury fashion industry and further advance its strategic goals. The company’s board has appointed Andy Lew, CEO of St. John Knits as executive president of Lanvin Group, while Eric Chan will transition from his role as CEO to join the board as...
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Christie’s announces leadership changes, names Bonnie Brennan as new CEO
With the support of the Pinault family, and on the recommendation of Guillaume Cerutti, the Christie’s board has appointed Bonnie Brennan as chief executive officer, effective February 1, 2025. Christie’s said in a statement that the change takes place as Guillaume Cerutti has been entrusted with the responsibility of implementing and overseeing...
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Poundland Struggles in Q3; Pepco Group plans revival
European discount retailer Pepco Group delivered first quarter revenue of 1.9 billion euros, with constant currency growth of 3 percent versus last year. However, LFL revenues declined 1.1 percent, with a positive performance from both Pepco and Dealz offset by continued challenges in the Poundland business. In December the company’s CEO Stephan...
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ThredUp's Q4 results exceed expectations
Online resale platform ThredUp said in a preliminary results statement that fourth quarter revenue, gross margin and adjusted EBITDA margin are above previously issued guidance for the United States. The company recorded total revenue of 66.7 million dollars to 67.2 million dollars in the US versus the previous expected range of 58 million...
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Shoppers Stop reports healthy Q3 performance
Indian department store chain Shoppers Stop registered third quarter sales of Rs 1,311 crore, up 9 percent versus the same period last year. The company said in a statement that EBITDA for the period improved by Rs 262 crore, an increase of 20 percent, and profit after tax of Rs 49 crore increased by 37 percent on a GAAP basis. Commenting on the...
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