Virtua

Burberry has appointed Paul Price as its new Chief Product Merchandising and Planning Officer, effective December 9. Price has returned to Burberry after previously serving as Chief Merchandising Officer from 2007 to 2017. His career since then includes roles as CEO of TOPSHOP TOPMAN in London and James Perse Enterprises in Los Angeles, as well as running a consulting firm. In his new role, Price will be responsible for overseeing the merchandising and planning teams, in addition to the licensing, architecture, and showroom teams. Read full article: https://lnkd.in/gm_8StE2 #Burberry #Appointment #PaulPrice #Executivereport #Fashion #Retailnews #Business

MECCA Brands has appointed Lea Cranfield as their new Chief Brands and Buying Officer. With leadership experience at renowned companies like YOOX NET-A-PORTER GROUP and DOVER STREET MARKET (INTERNATIONAL) LIMITED, Cranfield is expected to provide valuable insights and strategies that will greatly impact Mecca's future as the company endeavors to enhance its competitiveness in the beauty market. #Mecca #Appointments #Beauty #LeaCranfield #Buyingofficer #newrole #Businessnews

Authentic Brands Group is reportedly terminating its deal with FARFETCH's New Guards Group (NGG), the former licensee overseeing Reebok's distribution in Europe. NGG received a termination notice after Coupang, Farfetch's owner, failed to amend "unfavourable economic terms" between NGG and Authentic Brands Group. NGG owes Authentic approximately $300 million in royalty payments and has been instructed to immediately cease operations of the Reebok EU website and stop selling the brand's products. Read full article: https://lnkd.in/gv2p2hFz #Authenticbrandsgroup #Reebok #Newguardgroup #Coupang #Farfetch

HUGO BOSS affirms full-year 2024 outlook after strong Q3 results. The recent quarter was marked by significant developments for BOSS and HUGO, including the launch of their Fall/Winter 2024 collections, a successful fashion show at Milan Fashion Week, and the introduction of the HUGO BOSS XP loyalty program, which strengthened customer engagement. These outcomes demonstrate effective execution of the “CLAIM 5” strategy and highlight the strong brand presence of BOSS and HUGO. Third quarter highlights include: - Group sales rose 1% in a volatile market, driven by a 4% increase in the Americas and 1% in EMEA. - Operating expenses stayed stable, demonstrating our commitment to cost efficiency. - EBIT reached EUR 95 million, translating to an EBIT margin of 9.3%. - Free cash flow improved to EUR 40 million. Hugo Boss stated that their strong focus and resilience in the third quarter bolster their confidence in meeting their financial targets for 2024. Read full report: https://lnkd.in/gaCx46yn #HugoBoss #News #Q3

JD Sports Fashion has officially opened its first store in the United Arab Emirates, located in the prestigious Dubai Mall. The new store marks a significant expansion for the popular sportswear retailer in the region. #JDsports #JD #Dubai #Newstore #Storeopening #Expansion #Growth #retail #Sportswear

Macron is on an impressive trajectory, achieving remarkable results in the first nine months of this year with a revenue increase of 12.1% over the same period in 2023. This achievement marks a continuation of the company's consistent revenue growth, which has been evident since 2004, highlighting a steady and sustainable growth trajectory. As Macron eyes its ambitious 2024 revenue target of €220 million, these achievements highlight the resilience and strength of its strategic approach. Chief Executive Officer, Gianluca Pavanello remarked, "What truly sets us apart, is the passion and dedication of our entire team. From our Campus to the Macron Sports Hubs and across every market we serve, this collective energy propels us forward. Together, we are building a future that inspires." Macron is committed to building a future that inspires, leveraging the collaborative efforts of its workforce to reach new heights. #Macron #Businessgrowth #Investments #Success #Teamwork #Retailgrowth #Profits

PUMA Group reports a 5% increase in Q3 sales and reaffirms its outlook. Puma's currency-adjusted sales rose by 5 percent to €2,308.2 million in the third quarter, driven by growth across all three regions: the Americas, Asia/Pacific, and EMEA. Puma has reiterated its outlook for the financial year 2024, anticipating mid-single-digit currency-adjusted sales growth and an operating result (EBIT) between €620 million and €670 million. The company also expects net income in 2024 to align with the projected operating result. Sales for the year-to-date nine-month period rose by 2.6% to €6,527.8 million, although currency headwinds resulted in a reported decline of 1.4% in euro terms. Read full report: https://lnkd.in/eg3kpPUg #Puma #financialreport #business #Q3sales

SportsShoes.com has announced a 13% year-on-year increase in outdoor product sales, attributing this growth to favourable seasonal conditions. During the first six months of its financial year starting March 1, 2024, the retailer experienced a rise in outdoor gear sales across both its UK and international websites, achieving a turnover of £90 million. Additionally, the company gained 7,000 new customers, marking a 13 percent increase, while unique outdoor customer orders rose by 11 percent. SportsShoes.com has upgraded its outdoor category through a website replatforming as part of a £4.6 million investment over three years, focusing on enhancing online personalization for customers. The company's Managing Director, Brett Bannister, stated that "The outdoor market represents a core opportunity for us as we target new growth opportunities in the UK and overseas." Read full article: https://lnkd.in/gb6_ZAiU #Sportshoes.com #Sports #footwear #Report #executivereport #Outdoors #financialreport

Salomon is preparing to introduce its first stores in the UK, starting in London. The brand has already opened a store in Covent Garden and is set to open the first Salomon Sportstyle concept store in Soho on November 14. Both stores feature a Tap2Pay system, enabling employees with smartphones to facilitate quick payments, thereby minimizing payment-related issues. Additionally, the Covent Garden location includes a 2D foot scanning area and a site for ski boot customization. Pascal Clausse, Salomon's VP global retail leader, expressed the company's excitement about opening its first stores in the UK, viewing it as a significant step in their retail expansion, which has also included new locations in New York and Paris. Read full article: https://lnkd.in/gviRb3cp #Salomon #Storeopening #London #Sport #Sportfashion #Retailnews #Business #Soho #Coventgarden

HOKA President Robin Green discusses Brand Growth, International Expansion, and Innovation Strategies in Exclusive First Interview. Hoka is steadily increasing its market share in the athletic footwear sector, reporting net sales of $1.807 billion for fiscal 2024, a 27.9% rise from $1.413 billion in 2023. The brand's growth continued into the second quarter of fiscal 2025, with sales reaching $570.9 million, up 34.7% from $424 million in the same period the previous year. In October 2023, Hoka opened its first boutique in London's Covent Garden, which CEO Stefano Caroti described as a key market for athletic lifestyle footwear. Following its London success, Hoka launched a new store in Paris in May, capitalising on increased visibility ahead of the Olympic Games, as noted by former president and CEO Dave Powers. Hoka plans to expand internationally, with more stores like those in London and Paris on the horizon. Green noted that Europe and Asia are crucial for this growth, stating, "For the next couple of years, international is where we'll focus our efforts." Green expressed enthusiasm about Hoka's future, stating, "We have an incredible runway ahead of us." She emphasised the team's excitement about the brand's current position and its potential for growth. Read full article: https://lnkd.in/gZcfKU67 #Hoka #RobinGreen #Footwear #News #Sport #Interview #Deckers #Deckersbrands #Internationalgrowth #Business