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Caleres reports 3.4% sales decline in 2024

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U.S. footwear company Caleres said on Thursday net sales for 2024 fell 3.4% to $2.72 billion, on the back of fourth-quarter sales which dropped 8.3% to $639.2 million for the three months ending February 1. 

Caleres reports 3.4% sales decline in 2024. – Caleres

The St. Louis-based footwear company said the Brand portfolio segment recorded a 7.2 percent fall in net sales, while Famous Footwear witnessed another decline of 9.6 percent in net sales, in the quarter. Direct-to-consumer sales represented approximately 73 percent of total net sales. 

Likewise, Famous Footwear segment net sales declined 3.3 percent, for the year. Brand portfolio segment net sales declined 3.5 percent. Annual direct-to-consumer sales represented approximately 72 percent of total net sales. 

The company’s profits dropped in 2024, with net earnings of $107.3 million, down $64.1 million from 2023 and adjusted net earnings of $114.6 million, down $34.7 million from 2023.

“Our fourth quarter earnings were at the high end of our most recent guidance. We gained market share in women’s fashion footwear, our Lead Brands outperformed, and we grew our sneaker penetration. Famous Footwear’s business softened in the quarter, but we maximized key selling periods. We invested to support our long-term growth while continuing to evolve our supply chain and further mitigate the impact of additional tariffs,” said Jay Schmidt, president and chief executive officer.

Looking ahead to fiscal 2025, Caleres anticipates net sales to be down 1% to up 1%, with earnings per diluted share expected to range between $2.80 and $3.20.

For the first quarter of 2025, net sales are expected to be down 5% to 6%. Earnings per diluted share are expected to range between $0.35 to $0.40.

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M&S reopens Gemini store in Warrington with expanded fashion and beauty offer

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M&S Gemini, on Warrington’s Europa Boulevard, has reopened following a major 10-month makeover “to cater to a wider range of customer shopping missions”. 

Reuters

Featuring a refreshed Cothing and Hsome area and enhanced Beuty department, the timely reopening features the brand’s SS25 collections across womenswear, menswear and kidswear. There are also neon-lit areas to spotlight “M&S customer-favourite collections” including Per Una and Autograph and Jaeger. 

Third-party brand offers also include a dedicated Mamas & Papa’s section adjacent to kidswear while other highlights include an improved M&S Footwear selection with a spacious try-on area, plus in-store bra- and suit-fitting services.

The expanded Beauty department is home to all M&S’s third-party and own brands, including the Apothecary collection, while showcasing a range of Clinique, Benefit Cosmetics and Estée Lauder fragrance products.

Dedicated Beauty Advisors are on hand while there’s colleague support to offer styling advice, and a new option that allows customers to skip the queues and pay straight away in its store fitting rooms. The Click and Collect service is also available on all its online Clothing, Home and Beauty orders.

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Vogue Williams launches Gen kidswear brand on M&S, Next digital platforms

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Influencer Vogue Williams has launched a new kidswear line called Gen with M&S and Next becoming the first online platforms to bring the unisex childrenswear concept to market. 

The line, which “reimagines childrenswear” has a focus on “versatility, durability, and timeless design”, we’re told. 

Williams curated the pieces and said the launch responds to the growing demand for longer-lasting fashion.The result is a “unique, high-quality range that allows customers to shop freely without the constraints of traditional gendered clothing”.

The age 2-8 collection of essentials includes coats, waterproof onesies, dungarees and short-and-T-shirt sets, boldly coloured with pops of neon and fun prints, while “breaking the traditional boundaries of gendered clothing”. Prices range from £10-£34.

Each piece can be personalised with patches and features a unique ‘Wear Me, Love Me, Pass Me On’ label, “encouraging a culture of sharing and customiaation that makes each garment cherished keepsake while promoting the joy of passing on well-loved pieces”.

Williams said: “Finding high-quality, super-cute clothes for kids that actually last is not easy. I really feel like the Gen range hits all those needs. Kids… get to customise their own piece, whether it’s the first or third child along the line.”

It’s produced by Poeticgem Group and marketed via its subsidiary Luminoso Brands. Gavin Foster, managing director of the latter, said: “Vogue’s styling, vision and authentic voice has been key to the success in securing these fantastic retail partners and we look forward to forging a long term partnership with all parties.”

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Marcolin posts 2.2% revenue drop in 2024, EBITDA grows 10%

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By

Ansa

Translated by

Nicola Mira

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March 28, 2025

Italian eyewear group Marcolin has improved its profitability in the course of fiscal 2024. The group’s financial results, approved this week by the board of directors, showed adjusted EBITDA at €85 million, a 10.2% rise over fiscal 2023. The EBITDA margin on net sales also improved, growing to 15.6% compared to 13.8% in the previous year.

Marcolin – Ansa

Revenue was €545.8 million, down 2.2% at current exchange rates compared to revenue in fiscal 2023. In like-for-like terms, excluding the positive and negative impacts of the new licenses signed up in 2024 and discontinued ones, revenue increased by 1.7%.

On LinkedIn, Marcolin said that “during the year, alongside important licence renewals, Marcolin secured new exclusive agreements, and continued the commercial integration of the new house brand ic! berlin into the group.”

The company makes eyewear for Tom Ford, Adidas, Guess, Max Mara, Pucci, Zegna, Skechers, and Abercrombie & Fitch, among others.

Additional material by Nicola Mira

Copyright © 2025 ANSA. All rights reserved.



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