Golden Goose Reports 13% Revenue Growth in 2024, Driven by Retail Expansion and Direct-to-Consumer Success
Golden Goose continued to grow in 2024, boosted by the strong performance of its retail channel and growth in its main markets, the Europe, Middle East and Africa region, and the U.S. In the 12 months ended Dec. 31, revenues rose 13 percent to 654.6 million euros compared with 587 million euros in 2023. Figures…
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Allbirds CEO Calls 2024 a Year of ‘Operational and Financial Progress’
Shares for Allbirds rose over 5 percent in after-market trading on Tuesday following the company’s latest earnings results. In the fourth quarter of fiscal 2024, the San Francisco-based company reported that net revenue decreased 22.4 percent to $55.9 million compared to $72.0 million in the same period last year. There was also a net loss…
Read MoreMore than 1 in 10 employees have lost their job to AI
The impact of AI uptake is being felt in companies across the country but a new survey reveals that employees are still very much on the fence about it. Kickresume surveyed 1,500 workers about their responses to AI. Shockingly, 11% of respondents report they have already lost their jobs because of AI. Another 10% know someone…
Read MoreMore Brits want to mix business with pleasure
The opportunity to “Work from Anywhere” (WFA) is claimed to deliver a healthier work life balance; personal and professional growth and, for business, better employee retention. A new survey suggests that the appeal of this work trend is growing and business owners offering these opportunities will benefit. According to a survey of 12,184 adults in…
Read MoreWhat is reservation squatting and why is it killing restaurants?
Some of London’s top restaurants are now asking for sizeable deposits from customers when they book to stop reservation squatting which can play havoc with cash flow forecasting and costing some businesses money in lost covers. This is why some of the capital’s top names have decided to take action. But should all hospitality businesses be…
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Journeys’ Business Continues to Improve as Genesco Closes Out 2024 With ‘Strong Finish’
Genesco president, chief executive officer and board chair Mimi Vaughn said on Friday that the company delivered a strong finish to the year with fourth quarter sales and gross margins exceeding expectations. According to the Nashville-based footwear company, total net sales in the fourth quarter of fiscal 2025 increased 1 percent to $746 million compared…
Read MoreIs PrettyLittleThing at the point of no return?
The last time online fashion brand, PrettyLittleThing, opted to change its return policy, there was a backlash and a reversal, but the company has announced it has made changes yet again. The reaction from customers is a lesson to all businesses. The fast-fashion brand had a 28-day return policy – in line with competitors including…
Read MoreArt Market Changes – Why Smaller Firms Should Be Vigilant
Arcarta, a leading art market due-diligence platform, warns smaller art firms in particular to keep abreast of major regulatory changes. Market volatility is something that various sectors of business continue to contend with – and the global art market is no exception. For all things art, the European Union’s new regulation on cultural goods, due…
Read MoreThese annoying office habits are making people work from home
Office culture isn’t what it used to be. Gone are the days of being expected to wear an uncomfortable suit and tie. Organisational culture is much more relaxed, with casual dress codes and a bigger focus on work-life balance and flexible working. However, that doesn’t mean it’s become frustration-free. While bad-smelling lunches and noisy keyboard…
Read MoreZero-hour agency workers to be protected under Employment Rights Bill
Weeding out “exploitative” zero-hour contracts has been a pledge under the government’s Employment Rights Bill since it was first announced last summer. This means that it will no longer be lawful for employers to only pay staff when they’re needed. Moreover, they will also be required to give “reasonable notice” and compensation if an employee’s…
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