Fila Holdings Reports ‘Robust’ 2024 Earnings After Downsizing US Operations
Fila Holdings is wrapping up fiscal 2024 on a high note. According to the Seoul, South Korea-based company, it reported “robust” financial results for 2024, driven by the continued strength of its U.S. golf subsidiary Acushnet Holdings Corp., favorable currency exchange rates and improved cost management. For the year, the company saw consolidated revenue reach…
Read MoreAcademy Sports Eyes Launches from Jordan and Converse After Mixed Q4
Academy Sports + Outdoors is expanding its Nike partnership and adding the Jordan brand into 145 stores as well as online. The brand will begin to hit the sales floor at the end of April. But that isn’t the only newness that the retailer is bringing to the mix. The company also debuted the Converse…
Read MoreNike CEO Elliott Hill Is Confident Company Is On the ‘Right Path’ Following Q3 Results
Shares of Nike ticked up nearly 3 percent after market close on Thursday as the brand reported a smaller-than-expected drop in third quarter sales. Net income at the Beaverton, Ore.-based company in Q3 was $794 million, down 32 percent from $1.2 billion in the year-ago period. Diluted earnings per share was 54 cents, a decrease…
Read MoreAthleisure Plays Bigger Role in Assortment Mix at Designer Brands
Designer Brands Inc. has its eyes on product, product and more product. The company is leaning more into athleisure as part of some anticipated changes to its assortment mix. And its eyeing private label as a margin driver for the 2025, as well as a rebuild of the foundation for its Vince Camuto and Lucky…
Read MoreShoe Carnival Plots ‘Rapid’ Growth Strategy For Shoe Station Banner as It Reports Q4 Earnings
Shoe Carnival is doubling down on its Shoe Station banner this year as the company looks to capitalize on the chain’s success in fiscal 2024. The retailer is implementing a long-term strategy to “rapidly scale up” Shoe Station, which it acquired in 2021, into a “national footwear and accessories leader.” The company noted that the…
Read MoreCaleres’ Jay Schmidt Says Company Grew Sneaker Penetration and Women’s Fashion Shoes in Q4, But Firm Cautious on 2025
Caleres shares were generally flat on Thursday morning after the company reported fourth-quarter earnings in line with its most recent guidance. The St. Louis-based footwear company said net earnings for the quarter were $4.9 million, or 15 cents a share, compared to net earnings of $55.8 million, or $1.57 a share in Q4 2023. Net…
Read MoreWhat is a Devilcorp and how do you avoid one?
It’s a distinctly 2025 problem. Hopeful graduates, or those looking for more autonomy while at work, are lured in with attractive job descriptions promising lucrative salaries, fast career growth, and the chance to “be your own boss”. However, the reality is far from the dream role for many, as the “amazing opportunity” that was promised…
Read MoreNew online safety laws take effect – is your startup ready?
In 2023, the UK’s Online Safety Act came into force. Introduced by the UK’s communications regulator Ofcom, the Act contains a set of rules around online content that many tech startups and small businesses need to comply with. Firms have already had to carry out a risk assessment, to understand how likely it is that…
Read MoreYou can’t fire Gen Z, they quit
Job cuts might be dominating the news headlines today. But despite this apparent lack of job security, one in four young employees is considering quitting anyway, primarily due to mental health issues. The research, by consultancy PwC, has found that 25% of British 18-24 year olds have considered leaving the workforce in the last year.…
Read MorePetition to raise personal tax allowance reaches 200k signatures
A petition calling for the government to increase the personal tax allowance threshold is once again gaining traction after it was posted on the parliament website last month. In total, the campaign has now reached over 200,000 signatures and is rising daily. Alan Frost, who started the petition, has requested that the government raise the…
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