Articles by DPA
China imposes 34 percent retaliatory tariffs on US products
China has announced countermeasures on imports from the US, which will amount to up to 34 percent. According to the Customs Commission of the State Council of China, the tariffs will go into effect on April 10. The decision is a response to the "Liberation Day" import duties announced by the US government on Wednesday. The additional tariffs led...
BusinessMemberApr 4, 2025
Lululemon shares down 10% following FY25 outlook
Shares of Lululemon Athletica Inc. (LULU) were trading 10 percent down on Thursday's extended trading after the company revealed fiscal 2025 outlook below the Street expectations. The company's fourth quarter results came in better than last year. Meghan Frank, Chief Financial Officer, stated, "We look forward to building on our growth in 2025,...
BusinessMemberMar 28, 2025
EU Environment Agency: Europeans are buying more clothes than ever before
People in the European Union are consuming more clothing, shoes, and other textiles than ever before. This is what the European Environment Agency (EEA) says in a new report, which it plans to officially present on Wednesday. According to the report, in the most recent comparison year, 2022, EU citizens bought an estimated average of 19...
BusinessMemberMar 25, 2025
Zalando secures more than 90 percent of About You, squeeze-out planned
Online retailer Zalando is close to completing the takeover of its competitor About You. The Berlin-based company has secured more than 90 percent of About You's share capital, as it announced on Friday. Shares held by About You itself are not included in this figure. As soon as the purchase of the shares has been completed following approval by...
BusinessMemberMar 7, 2025
Trump partially suspends tariffs against Mexico and Canada
US President Donald Trump has backtracked somewhat in the trade conflict with Canada and Mexico. The Republican partially suspended tariffs on goods from the two neighboring countries - at least for the time being. All imports from Mexico and Canada that fall under the North American Free Trade Agreement (USMCA) will therefore not be subject to...
BusinessFeaturedMemberMar 7, 2025
Target collaborates with Champion to offer activewear
Target Corp. (TGT), Wednesday announced a strategic partnership with sportswear brand Champion to offer a unique line of high-quality, stylish activewear and sporting goods for adults and kids. The line, with most items under $40, will be available in Target stores and on its website from August. In the pre-market hours, Target's stock is...
Fashion Feb 26, 2025
Walmart forecasts slower growth for 2025/26
Walmart adopts cautious outlook for 2025/26 amid anticipated growth moderation. Walmart, the world's largest retailer, is entering the new financial year with a measured outlook. The company, headquartered in Bentonville, Arkansas, announced on Thursday that growth is expected to slow slightly. For the financial year 2025/2026, which ends in...
BusinessMemberFeb 20, 2025
Eyewear group EssilorLuxottica increases sales and profit
Eyewear giant EssilorLuxottica exceeded expectations for operating profit last year. Adjusted operating margin, excluding non-recurring items, increased by 0.5 percentage points to 17 percent, the Franco-Italian company announced Wednesday in Charenton-le-Pont. Analysts had, on average, anticipated slightly lower figures. The group, which owns...
BusinessMemberFeb 13, 2025
Nordstrom Rack is set to open a new store in Colorado
Nordstrom, Inc. (JWN), an American luxury department store chain, Friday announced that it will open a new Nordstrom Rack store in Longmont, CO, in fall 2025. This expansion is part of the company's efforts to grow its presence in the region. The new 28,000 sq. ft. Nordstrom Rack will be situated in Harvest Junction, a popular shopping center in...
RetailFeb 10, 2025
Boho chic to minimalism: The new trends in women's fashion
The new fashion season is upon us, bringing with it a vast spectrum of styles and trends. Colors, shapes, and materials invite experimentation. Feeling inspired? Here are expert tips on the runway highlights – and how you can update your wardrobe this spring and summer. What's trending in women's fashion this season? This season, diversity takes...
Fashion Feb 7, 2025