The NYC-based footwear and accessories company released its Q1 2018 results on Friday, reporting mid to high single-digit growth in both its wholesale and retail segments, and strong progress in international markets.
OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.
Fashion sales soared online during March, but while that could have been due to easter, the latest IMRG Capgemini e-Retail Sales Index suggests we could also be seeing fundamental changes in UK retail.
U.S. footwear firm Skechers Inc. saw double-digit sales growth in the first quarter of 2018. However, a softer current-quarter sales guidance saw shares tumble late Thursday afternoon, after a stellar 2017 stock.
Available in the UK for the last five years through department store chain Debenhams, the Kidiliz group-owned Levi's Kids brand is hoping to boost its visibility in the country with pop-up stores in 100 locations.
The New York-based consumer brands group announced on Tuesday that it has signed a multi-year deal with Chinese sportswear manufacturer and distributer Beiying Sports Technology Co. to expand its Avia brand to China.