Reviving old-fashioned or forgotten brands requires a set of certain skills – patience, respect for DNA, deep-pockets and real affection for a marque, which for some reason Italians seem particularly good at doing.
The outdoor and active apparel and footwear company announced a 14.1% decline in its third-quarter sales on Thursday, despite strong performances from its e-commerce channel and the Saucony and Chaco brands.
The owner of Merrell, Sperry and Hush Puppies announced a 16.1% decline in its Q1 revenues on Wednesday, although the company insisted that it is well positioned to “emerge even stronger” from the Covid-19 crisis.
The Rockford, Michigan-based lifestyle conglomerate has announced via a regulatory filing that Todd Spaletto is stepping down from his role as president of its Michigan group on or before May 30, 2020.
A number of fashion and beauty industry players announced initiatives to support Covid-19 relief on Wednesday, with Estée Lauder and PVH both pledging $2 million, while VF revealed a donation of $1.5 million.
As Covid-19 continues to spread, the footwear and apparel company announced the temporary closure of its stores on Thursday, but was keen to point out that it is “well positioned to weather the current challenges."
The footwear company announced a slight increase in its fourth-quarter sales on Tuesday, but plummeted into loss as expenses related to environmental litigation took their toll on the group’s bottom line.