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 Canadian parka specialist has been extending its range ever since its 2017 stock market listing. It is now set to enter the footwear market, having hired Adam Meek, formerly global senior VP of product at Sperry.
The outdoor lifestyle group has announced skyrocketing e-commerce sales in the first nine weeks of Q2, giving the company hope of achieving better-than-expected results in a quarter negatively impacted by Covid-19.
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.
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.
The Rockford, Michigan-based footwear manufacturer reported decreases in its first-quarter revenues and earnings on Thursday, providing updates on its latest strategic investments and reaffirming its full-year outlook.