Wolverine to divest Keds, leathers business; reveals layoffs WolverineKeds The Rockford, Michigan-based company said it had started aworkforce reduction earlier this week, which it expects to result in approximately$30 millionin savings in 2023. I failed to specify how many workers…
Retail traffic data highlights 2022 holiday winners and losers By Reuters API With three days to go before Christmas, retailers across the United States and Europe face a turbulent end to a drawn-out, mostly disappointing holiday shopping season. Friday, Dec.…
Adidas: Arthur Hoeld promoted to replace Roland Auschel Translated by Cassidy STEPHENS On the occasion of the presentation of the 2022 annual results, Bjorn Gulden, who has taken over as CEO of Adidas Roland Auschel – Adidas The former Puma…
Visa profit beats estimates on resilient consumer spending By Reuters API Visa Inc’s first-quarter profit beat Wall Street targets on Thursday as its payments volume held steady with Americans still spending on international travel despite an economic slowdown. Reuters Shares…
Marimekko opens experiential store in New York’s SoHo Finnish design house Marimekko Marimekko opens experiential store in SoHo, NYC. – Marimekko The new, dynamic store concept, located at 97 Wooster Street, at the heart of the city, embodies the brand’s…
JD Sports completes sale of brand to Frasers, but Rascal withdrawn from deal JD Sports Tessuti In simultaneous announcements to the London Stock Exchange Wednesday, both said they have completed the final deals that will see Frasers Group acquire Cricket,…
Walmart in Mexico sees net profit rise in first quarter, yet trails competitors By Reuters Walmart’s Mexico unit on Wednesday posted a 3.7% rise in first quarter net profit as same-store sales rose in all markets, but it flagged inflation concerns…
Dick’s Sporting Goods post record 2022 revenues U.S. sporting retailer Dick’s Sporting Goods delivered record-setting net sales of $12.37 billion in 2022, up 0.6%, the back of strong sales growth in its fourth quarter, including solid comparable sales. Dick’s Sporting Goods…
German union warns Amazon of rolling pre-Christmas strikes By Reuters API German union VerdiAmazon Reuters The union said that, in response to pay hikes that had lagged inflation, it had called on workers at seven German distribution centres to down…
MBFW Tbilisi returns with its first physical edition after Covid-19 Translated by Roberta HERRERA After a pandemic-induced hiatus, Georgian fashion is returning to the catwalk. From May 4 to 8, the Georgian fashion scene will celebrate its creativity at the…
