Following the French competition authority's approval of the group's acquisition of The Kooples, Thierry Guibert of Maus Frères, owner of Lacoste, Gant and Aigle, has confided the brand to Aigle's CEO.
The Birmingham, Alabama-based sportswear retailer reported a 25% increase in net sales for the first quarter on Friday, leading to a convincing revenue and earnings beat for the second consecutive quarter.
Sportswear retailer Foot Locker posted a net profit of $172 million (€153 million) in its first quarter of 2019, ended in early May, which is equivalent to an increase of 4.2% over the corresponding prior-year period.
Mothercare has reported more weak results but the mother-and-baby products retailer talked of progress and its focus on rebuilding itself as a global brand with a bigger move into digital and more exclusive products.
The fashion and footwear group announced on Thursday that it made over $2 billion in annual revenues for the first time in fiscal 2019, with particularly strong growth seen at its Hoka One One running shoe brand.
Arcadia revealed some details of its long-rumoured CVA plan late Wednesday afternoon with an exit from its US stores and closures in the UK and Ireland that will affect 520 jobs. It will also focus more on digital.
Value footwear chain Shoe Zone may have seen its sales falling slightly in the first half up to March 30, but the company’s ability to boost its product gross margins helped to keep profit on an even keel.