Product & Marketing – Page 16
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ArticleNext lifts guidance again as UK summer, M&S hack boosts sales
Next has once again lifted its guidance after a warmer summer and a cyber hack at its rival Marks & Spencer boosted sales. Full-price sales in the 13 weeks to July 26 rose by 10.5 percent compared with the same period last year, £49 million (€56.6m) ahead of the British ...
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ArticleFerragamo’s sales dragged down by the wholesale channel
Salvatore Ferragamo’s total revenues declined by a reported 9.4 percent year-over-year, and by 7.1 percent at constant exchange rates, in the first half of 2025 to €474 million, with wholesale revenues declining by double-digit rates due to a challenging business environment. The decrease in sales of the Italian fashion group ...
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ArticleVF aims for accelerated sales growth at The North Face, Timberland
VF Corp., the parent of Vans, The North Face, Timberland and other brands, reported a narrower-than-forecast loss and total first-quarter sales that exceeded projections. Total group revenues were down 2 percent on a constant currency basis to $1.76 billion as the operating loss came in at $86.6 million against a ...
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News briefs
Trump sets tariffs for nearly 70 countries
The US President, Donald Trump, signed an executive order announcing sharp new tariffs on nearly 70 countries and the European Union, with most measures set to go into effect on Aug. 7 rather than Aug. 1, to allow US customs and border agencies implementation time. Tariff rates range from ...
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News briefs
Shoes dominate The Lyst Index in Q2
Six of the 10 hottest products in the second quarter of 2025 were shoes, according to The Lyst Index. The Row’s Dune sandals topped the ranking, followed by Skims’ Tank Top vest and Adidas’ Adicolor Classics Sprinter Shorts. Miu Miu’s suede loafer ranked 4th, followed by Vibram’s V-Soul flats and ...
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News briefs
US ends de minimis exception
The US President. Donald Trump. signed an executive order to end the de minimis exception altogether – not just for China and Hong Kong. Commercial goods valued at $800 or less and shipped to the US by means other than international post are thus no longer exempt from tariffs or ...
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ArticleGeox's H1 sales dip 5% but profitability improves on cost-cutting measures
Geox generated sales of €305.3 million in the first half of 2025, down by 4.7 percent compared to the year earlier and 4.9 percent lower at constant currency rates, as the top line was affected by weaker consumer demand and the recent closure of the Italian company’s US and China ...
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ArticleSteve Madden’s Q2 results hit by US tariffs
Steve Madden swung to a loss in the second quarter of 2025 as its results were affected by the introduction of import tariffs by the US President, Donald Trump. “As anticipated, the second quarter was challenging, driven largely by the impact of new tariffs on goods imported into the United ...
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News briefs
Temasek buys a 10% stake in Ermenegildo Zegna
Temasek, a Singapore-headquartered investment company, has increased its stake in Ermenegildo Zegna to 10 percent. The Italian fashion house has sold 14.1 million treasury shares to Temasek at $8.95 each. Thanks to the deal, Ermenegildo Zegna receives $126.4 million in cash. The funds will reinforce its balance sheet “at a ...
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News briefs
Hermès’ sales continue to grow but the operating margin slips
Hermès generated sales of €3,905 million in the second quarter of 2025, up by 15.6 percent on a reported basis and 9.0 percent at constant exchange rates. In the first half of the year, revenues amounted to €8,034 million, up by 7.1 percent on a reported basis and 8.1 percent ...
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ArticlePrada’s H1 sales come in below expectations
The Prada Group posted net revenues of €2,740 million in the first half of 2025, up by 8 percent year-on-year on a reported basis and up 9 percent at constant exchange rates driven by the Miu Miu brand. The top line was below market expectations of over €2,800 million. “In ...
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News briefs
Europe’s economy slows down
In the second quarter of 2025, seasonally-adjusted gross domestic product (GDP) increased by 0.1 percent compared with the previous quarter in the eurozone and by 0.2 percent in the European Union, according to a preliminary estimate from EU’s statistical office Eurostat. In the first quarter, GDP increased by 0.6 ...
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News briefs
US plans 25% tariff for India from Aug. 1
The US President, Donald Trump, said that Indian exports to the US could face a 25 percent customs duty from Aug. 1. The Asian country could also face a penalty for buying arms and energy from Russia, helping the country finance its war against Ukraine. “Remember, while India is our ...
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ArticleRocky Brands lifts its full-year guidance
Rocky Brands raised its full-year guidance for sales and earnings after turning in a better-than-expected performance in the second quarter and as efforts to mitigate the impact of US import tariffs bear fruit. Rocky Brands now anticipates that sales will rise by four to five percent versus previous expectations of ...
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News briefs
LVMH’s sales and earnings decline in H1
LVMH’s fashion and leather goods division posted revenues of €19.115 billion in the first half of 2025, down by a reported 8 percent year-over-year and down by 7 percent organically. The profit from recurring operations for the division decreased 18 percent to €6.636 billion. Sales for the whole French ...
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News briefs
Skechers rejects Kizik’s allegations of patent infringement for Slip-ins
Skechers said that it will “vigorously” defend the patent suit filed in a Texas court against it by Kizik Design, alleging that the entire line of Skechers Hands Free Slip-ins infringe Kizik’s patents. The company believes that the allegations “are baseless.” “As owners of a vast portfolio of intellectual property, ...
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ArticleGeox changes CEO
Geox’s Chief Executive Officer, Enrico Mistron, has stepped down after having reached an agreement with the board for the ”consensual termination” of his role. The decision is ”essentially due to differences concerning certain aspects of the group’s strategy, particularly with regard to the acceleration of the company’s transformation process,” the ...
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News briefs
EU and US reach a tentative trade deal
The US and EU announced a tentative deal under which the EU would pay a 15 percent tariff on nearly all exports to the US. In return, the EU plans to purchase $750 billion in US energy and invest $600 billion in sectors such as pharmaceuticals and automobiles. Pharmaceuticals, steel ...
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ArticleDeckers’ Q1 sales jump 17% as international business outperforms, tariff costs grow
Deckers Brands saw sales in its first quarter ended June 30 jump by 17 percent to $965 million, $55 million above the top end of its sales guidance, as both its Hoka and Ugg brands did better than expected and management highlighted sales growth in Europe and China. Sales at ...
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ArticleStella’s Q2 revenues rise by 2.9%
In the second quarter of 2025, Stella International Holdings reported a 2.9 percent increase in revenues to $444.0 million from $431.6 million a year earlier as shipments grew by 4.1 percent to 15.4 million pairs. However, the average selling price (ASP) declined by 1.7 percent during the period to $28.2 ...
