Articles by DPA
NuWays reiterates Buy on Westwing, sees around 100 percent upside
Hamburg - In an update on Westwing Group SE (ISIN: DE000A2N4H07), analyst Christian Sandherr of NuWays AG has reiterated a "BUY" recommendation with a 12-month target price of 23.50 euros. Following the recent share price weakness, the research firm sees roughly 100 percent upside at current levels. Impressions at the firm's conference in Paris...
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Target cuts prices on nearly 2,000 items ahead of holidays
Minneapolis - Target Corp. announced on Tuesday that it is lowering prices on nearly 2,000 home and apparel products as holiday shopping begins, adding to more than 10,000 reductions made over the past year. The retailer said the latest cuts include women's long-sleeve tees now priced at 12 dollars, down from 15 dollars, and average women's...
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Hugo Boss names Ivica Maric CFO and COO after Yves Müller exit
Fashion group Hugo Boss, which is facing a potential takeover, is replacing its chief financial officer. The current incumbent, Yves Müller, is leaving the executive board at his own request and for personal reasons, the SDax-listed group announced in Metzingen on Monday. Ivica Maric will take over as his successor for the finance department and...
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Hugo Boss seeks new supervisory board chairman
Following the failed takeover by Frasers Group, the supervisory board chairman of fashion group Hugo Boss is stepping down. Stephan Sturm has decided to resign from his position as a member of the supervisory board, effective October 15, the company announced on Monday in Metzingen. The decision follows “constructive discussions against the...
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Could ovulation make women more drawn to luxury brands?
A study published in PLOS One found that women may show a stronger preference for visible luxury products around ovulation, when fertility is highest. The research included three studies involving more than 2,000 women. In the first, 70 women drew luxury logos on pictures of handbags and shoes. They drew larger logos for themselves during their...
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Burlington Stores to move HQ to Philadelphia
Burlington Stores is moving its corporate headquarters from New Jersey to West Philadelphia, with the department store chain planning to invest 370 million dollars and create at least 2,000 jobs in the city over the next five years. The Fortune 500 retailer, which was founded in Burlington County in 1972, plans to purchase property on the 3100...
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Shares: Lululemon profit warning also weighs on Adidas and Puma
The slump in Lululemon shares following weak figures and a revenue and profit warning is also expected to weigh on the shares of Adidas and Puma on Friday. The shares of the US sportswear manufacturer Lululemon slumped by 18 percent in after-hours trading in the US, falling to their lowest level since 2018. However, in pre-market trading on...
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EssilorLuxottica initiates share buyback program
EssilorLuxottica SA (ESLOY.PK, ESLOF.PK, EL.PA, ESL.DE), an Italian manufacturer of optical lenses, Friday said that it has launched a share buyback program. The company said that as per the share buyback program, it has mandated an investment services provider to purchase up to 5 million EssilorLuxottica shares. This move, the company said, is...
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Goodbye trainers and chunky jewellery: a more delicate touch
Something is stirring in fashion this autumn and winter. This is evident in jewellery and especially in footwear. Trainers, for example, are on their way out. According to Claudia Schulz from the German Shoe Institute, footwear is set to become significantly more feminine this season. “The autumn/winter trends feature many new silhouettes, for...
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Walmart raises annual targets - pharmaceutical sales weigh on US business
Bentonville - Walmart, the world's largest retailer, benefited from strong growth in its advertising revenue, a thriving online business and customs duty refunds from the US government during its second fiscal quarter. CEO John Furner raised his forecasts for the financial year ending January 2027, according to a statement on Thursday. The...
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