Steve Madden Ltd. announced a 32.8 percent decrease in full year revenues on Thursday, as the company continues to feel the effects of the Covid-19 pandemic.
The Rockford, Michigan-based outdoor and active apparel and footwear company reported a Q4 net loss of $170.7 million on Thursday, as quarterly revenues fell 16.1% year over year.
Like many other online fashion retailers, Farfetch saw soaring demand last year and said on Thursday that its 2020 gross merchandise value topped $3bn, up 49% year-on-year. Meanwhile revenue rose 64% to $1.7bn.
It looks like the long rumoured private equity takeover of family-owned Birkenstock could actually be happening soon. L Catterton, the group with close links to LVMH, is said to be “nearing an agreement” to buy it.
Primark will have lost around £1.1 billion worth of sales due to lockdowns and other restrictions in the 27 weeks up to the end of this month, the value retailer said on Thursday.
Regional department store retailer Belk received approval for its Chapter 11 bankruptcy plan on Wednesday.
The Los Angeles-based online fashion retailer reported Q4 net income of $19.0 million on Wednesday, representing a year-over-year increase of 126% compared to $8.4 million in the prior-year period.
The Victoria’s Secret parent company reported fourth-quarter income of $860.3 million, or $3.03 per share, on Wednesday, beating analysts’ estimates of $2.91 per share.
The cosmetics brand cited "an accumulation of challenges, together with the global impact of Covid-19" upon announcing its decision to close at the end of September 2021.
Discount store operator TJX Cos Inc missed estimates for holiday-quarter results on Wednesday, as coronavirus-induced lockdowns in Europe and Canada shaved about $1 billion off its sales.
German sportswear company Puma expects the financial impact from coronavirus lockdowns to last well into the second quarter, but believes global growth in running should help to support a strong improvement after that.
U.S. retail sales are expected to rise between 6.5% and 8.2% to more than $4.33 trillion in 2021 as more people get vaccinated and the economy reopens, the National Retail Federation (NRF) said on Wednesday.
New York-based expert skincare company Heyday said on Tuesday that it has secured a $20 million Series B round of funding, led by Level 5 Capital Partners (L5).
The Italian luxury brand famous for its iconic down jackets announced on Tuesday that it has entered into an agreement with Temasek Holdings to acquire the remaining 30% stake of Stone Island’s parent company.
The Broomfield, Colorado-based footwear maker reported record annual revenues of $1.4 billion on Tuesday, with progress driven by booming digital sales and solid growth in the company’s Americas region.
