Yue Yuen reported a profit against a loss in the nine months ended September 30, 2021. Sales jumped 5.8 percent. Revenue Analysis The Group recorded revenue of US$6,441.2 million in the nine months ended September 30, 2021, representing an increase of 5.8 percent compared to revenue of...
S&P Global Ratings said that it has assigned Adidas AG an ESG Evaluation of 85. Its ESG Evaluation is the result of an ESG profile of 79 combined with strong preparedness. Higher numbers indicate stronger sustainability in its evaluations. The ESG Evaluation of 85 reflects S&P’s...
Crocs Inc. announced it has launched a resale program called Clean Out. The program is part of the company’s commitment to becoming a net-zero brand by 2030. It joins Adidas, Gap, Madewell, and other brands and retailers who have partnered with thredUP’s Resale-as-a-Service (RaaS) platform. “Crocs shoes...
Deckers Brands announced it has set science-based targets to reduce its emissions and also released its Fiscal Year 2021 corporate responsibility and sustainability report, “Creating Change.” The report details its goal to “advancing environmental and social improvements across its business, portfolio of brands, global supply chain,...
Foot Locker announced the launch of All City by Just Don, a lifestyle brand created in partnership with Don Crawley, the American streetwear designer from Chicago known professionally as Don C. The collection will be rooted in basketball and sneaker culture. “I’m excited to partner with Foot Locker...
Macy’s said it will raise its minimum wage to $15 per hour by next May due to a tight labor market. The department store chain is also adding an education program that will cover 100 percent of tuition, books and fees. The retailer said the investment...
Wolverine World Wide, Inc. reported strong sales and underlying earnings gains for the third quarter ended October 2, 2021, but slightly reduced its earnings guidance to reflect recent supply chain challenges. “The Company delivered strong double-digit revenue growth and exceptional earnings leverage, despite the increased supply...
Saucony, a division of Wolverine Worldwide, Inc., announced it had appointed industry veteran Brian Moore to senior vice president, global product, effective immediately. In his new role, Moore is responsible for guiding the company’s global footwear and apparel strategies, including design, development and product innovation. Moore reports...
Black Diamond Equipment announced it would open two retail stores this winter in Jackson Hole, WY and Burlington, VT followed by a third retail location in Bend, OR, scheduled to open in Spring 2022. The store openings coincide with Black Diamond’s push to integrate into the...
Deckers Brands reported sales increased 15.8 percent in its fiscal second quarter ended September 30, led by a 47.0 percent gain for Hoka One One. Ugg’s sales grew 8.0 percent. The company maintained its guidance for the year. “Deckers robust first-half growth when compared to both...