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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TJX Surprises with Strong Annual Results
US-based retail group TJX Companies Inc. exceeded its own expectations in both the final quarter and the full 2024/25 fiscal year. The off-price specialist, which operates the TK Maxx and Homesense chains in Europe, also projected further growth for the current year on Tuesday. In the past fiscal year, which ended on February 1st, the group's...
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Amer Sports exceeds 2024 expectations and forecasts further growth
Finland-based sporting goods group Amer Sports Inc. exceeded its own expectations in fiscal year 2024 thanks to a strong final quarter. The parent company of brands such as Arc’teryx, Salomon, Wilson, and Peak Performance forecast further growth on Tuesday for the current year. Last year, the group's revenue reached 5.18 billion dollars, an 18...
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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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