Shares for Crocs Inc. jumped nearly 18 percent on Thursday morning after the shoe company said it closed 2024 on a high note. According to the Broomfield, Colo.-based footwear brand, consolidated revenues in the fourth quarter of fiscal 2024 were $990 million, an increase of 3.1 percent from $960.1 million the same time last year….
AI might not be able to become sentient (or at least not yet), but it can understand, recognise and ultimately mimic human emotions. This is known as Emotion AI – a type of AI that can recognise, interpret and respond to emotions. It does this by analysing facial expressions, tone of voice, body language and…
Many beloved high street stores have come and gone in recent years, with many falling into administration since the COVID-19 pandemic. Administration is never where a business wants to be, but when a company becomes insolvent, employees are at risk of redundancies, suppliers and creditors may not be fully repaid or the company could face…
The workforce is always evolving, and with that, HR teams are facing a lot of challenges. From finding and retaining talent and keeping up with emerging technologies to managing low employee engagement, it’s tough for businesses to stay ahead. Luckily, several innovative startups are stepping up to the plate, introducing both new employee benefits and…
Skechers USA Inc. finished 2024 with record annual sales of $8.97 billion. The Manhattan Beach, Calif.-based footwear company reported net sales in the fourth quarter of fiscal 2024 of $2.21 billion, a 12.8 percent increase from $1.96 billion the same time last year. Net earnings in Q4 were $99.3 million and diluted earnings per share…
Brooks wrapped up 2024 with record global revenue. According to the Seattle-based performance running brand, reported revenue was up 9 percent year-over-year, fueled by growth in every region and channel. This outcome marked eight consecutive years of growth for the running brand, which delivered a 13 percent compound annual growth rate over that horizon. Brooks…
Shares for Boot Barn were down nearly 6 points in after-market trading on Thursday despite the Western retailer reporting revenue that topped estimates. According to the Irvine, Calif.-based footwear company, net sales in the third quarter of fiscal 2025 increased 6.9 percent to $608.2 million, up from $520.4 million in the prior-year period. Net income…
Deckers’ star brands Hoka and Ugg delivered yet another quarter of record earnings. The Goleta, Calif.-based footwear company reported net sales in the third quarter of fiscal 2025 increased 17.1 percent to $1.827 billion compared to $1.560 billion the same time last year. Net income in the period was $456.7 million, up from $389.9 million…
Dr. Martens’ newly minted chief executive officer Ije Nwokorie said the company has “made good progress” in its objective of turning around its U.S. performance. The news comes in tandem with the UK footwear brand’s third quarter trading update on Monday. According to Dr. Martens, group revenue rose 3 percent on a constant currency basis…
Puma is implementing a cost savings plan after reporting lower than expected fourth-quarter sales and a drop in annual profit in its latest preliminary results. On Wednesday, the German athletic company reported that currency adjusted sales in Q4 of 2024 grew 9.8 percent to 2.29 billion euros, while full year sales were up 4.4 percent…