Articles by Jan Schroder
Rip Curl parent KMD Brands makes leadership change
New Zealand clothing group KMD Brands Limited specified the timetable for a change in management announced last October. Accordingly, on March 24, Brent Scrimshaw will become the new CEO and managing director of the group, which includes the brands Kathmandu, Rip Curl and Oboz. He succeeds Michael Daly, who will leave the company after more than...
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Adidas returns to profitability in 2024, forecasts further growth
German sportswear giant Adidas AG closed its 2024 fiscal year with strong growth in both revenue and earnings, as expected. Management is forecasting further increases for the current year. The figures, presented by the company on Wednesday, came as no surprise, as key data had already been pre-released in January. Last year, the group achieved...
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Zalando more than triples annual profit in 2024
Berlin-based online fashion retailer Zalando SE announced solid financial results for fiscal year 2024 on Thursday, reporting both increased revenue and a substantial rise in profits. n mid-January, the e-commerce company had already pre-announced that it had exceeded its earnings forecast for the final quarter – an outlook that had been raised...
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On Exceeds 2024 Expectations and Forecasts Further Growth
Swiss athletic footwear brand On Holding AG surpassed its own forecasts for the 2024 fiscal year. Given the positive results, which the sneaker specialist released on Tuesday, the company has also set ambitious targets for the current year. Asia-Pacific Revenues Soar by Nearly 85 Percent In the past fiscal year, sales amounted to 2.32 billion...
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Ebay increases annual sales by two percent
The US e-commerce group eBay Inc. was able to slightly improve its sales in the 2024 financial year. Profit, however, fell short of the previous year's level. CEO Jamie Iannone was satisfied with the latest development: In the fourth quarter, the company "met or exceeded expectations on key metrics," he emphasized in a statement published on...
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Wolford: Annual revenue drops 30 percent
Austrian apparel company Wolford AG experienced a significant decline in revenue in fiscal year 2024. According to preliminary, unaudited figures, revenue in 2024 amounted to 88 million euros, a 30 percent decrease compared to the previous year, the company, which belongs to the Chinese fashion group Lanvin Group, announced in an ad-hoc release...
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Coupang: Farfetch losses impact annual profit
E-commerce giant Coupang Inc. significantly increased its revenue in fiscal year 2024, driven in part by the acquisition of online luxury fashion platform Farfetch, completed at the end of January last year. However, substantial losses from the newly acquired business and other one-off charges negatively impacted the group's net profit....
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Birkenstock starts new fiscal year with 19 percent sales increase
German footwear brand Birkenstock continued its growth trajectory in the first quarter of fiscal year 2024/25. This is evident from the latest figures released on Thursday by the New York Stock Exchange-listed parent company, Birkenstock Holding plc. In the months from October to December, the group's revenue reached 361.7 million euros. This...
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Esprit warns of significant annual loss
Apparel group Esprit Holdings Limited has concluded fiscal year 2024 with substantial losses. However, according to current findings, the deficit was not as high as in the previous year. This was revealed in an interim statement released by the company on Wednesday. Net Loss Decreases to Approximately €144 Million The past fiscal year was marked...
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Thanks to a strong final quarter: Marimekko increases annual sales and earnings
The Finnish textile company Marimekko Corporation achieved growth in sales and profit in fiscal year 2024. This was due in no small part to record results in the fourth quarter. According to the annual report published on Wednesday, management anticipates further revenue growth in 2025 despite the continuing uncertain economic environment....
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