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News

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Genesco raises FY27 profit target despite revenue slump

6+ day, 8+ hour ago   (432+ words) Genesco has raised its fiscal 2027 (FY27) full-year profit guidance after reporting second quarter (Q2) results that surpassed internal expectations, driven by higher gross margins and effective cost controls. For the three months ended 1 August 2026, Nashville-based footwear retailer Genesco recorded a 3% decline in…...

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Jobs at risk as Nike foam supplier offshores production

2+ week, 5+ day ago   (216+ words) UK footwear foam manufacturer Zotefoams, which supplies global brands including Nike, has reportedly entered a consultation phase which could see 100 jobs at risk as it looks to offshore production to Vietnam. Campaign group GMB alleges Zotefoams, based in Croydon in…...

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JD Sports trims profit guidance as US sales and footwear demand lag

3+ week, 3+ day ago   (70+ words) Just Style Stay ahead with unbiased news, expert commentary, and in-depth features on global topics. As a trusted provider of data and insights, Just Style collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain…...