Clarks CEO steps down after just two years at the helm
Footwear specialist Clarks has confirmed that its chief executive officer Jon Ram has stepped down from the helm position after just two years. Ram joined the company from HanesBrands at a time when Clarks was carrying out a turnaround strategy with the goal of future-proofing the business and building a foundation for sustainable growth. As...
Aritzia delievers Q4 revenue growth of 7 percent
Aritzia delivered fourth quarter net revenue of 682 million Canadian dollars, an increase of 7 percent, while comparable sales declined 3 percent. Full year net revenue increased by 6.2 percent to 2.33 billion Canadian dollars, resulting in a three year CAGR of 39.6 percent. Comparable sales decreased 1 percent. “As expected, we also delivered...