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News briefsLowa’s 2023 financial results stable despite weaker demand
Lowa’s production volume has been stable in the past financial year despite weaker market demand and delays due to introducing new IT systems in production. In its 100th year, the German hiking and mountaineering boot specialist, part of the Italian Tecnica Group, sold around 3.06 million pairs of shoes, roughly ...
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ArticleSchwan-Stabilo’s Outdoor brands report 14.1% revenue decline, maintains optimistic outlook
While the group reported a 6.2% decline in sales for the FY, Outdoor suffered a double-digit decline due to market saturation. The group remains optimistic and focuses on innovation and sustainable growth.
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News briefsVF faces S&P downgrade due to weak financial performance
Financial challenges lead to a credit downgrade, highlighting the problems of large brand portfolios and operational setbacks.