Articles by DPA
Frasers Group stands firm on Hugo Boss takeover bid
In the takeover bid for Hugo Boss, major shareholder Frasers Group will not increase its offer. The company announced this in London. The British company has been attempting to take the helm of the German brand since mid-June through a voluntary public offer. It is offering 38 euros per share. Frasers is a retail conglomerate backed by...
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Fashion retailer H&M disappoints again in second quarter
Fashion group H&M continued to feel the effects of a weak consumer climate in its second fiscal quarter. In the three months to the end of May, sales fell by 3 percent to 54.8 billion Swedish kronor, the company announced on Thursday. Analysts, however, had expected a smaller decline in revenue. The business was also impacted again by negative...
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Puma shares slump as sales development worries analysts
Puma shares accelerated their decline on Tuesday, at times falling as sharply as they did in January. The drop is thought to have been triggered by subdued analyst comments on second-quarter sales following discussions with management. The sporting goods manufacturer's shares were last down 7.5 percent at 26.02 euros, placing them second to last...
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Pyjamas as daywear: fashion has never been more comfortable
The comfort trend in fashion has reached a new peak. Garments styled like pyjamas and nightgowns are now in vogue with the wider public. This might seem surprising at first glance. However, there are several good reasons for this development. Too stylish for bed Visually, it makes sense not to hide some pyjama styles in a dark bedroom. They are,...
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Growing problem with criminal customers in e-commerce
E-commerce worldwide is suffering from a growing number of fraudulent customers. According to an analysis by US cybersecurity service provider LexisNexis Risk Solutions, both the economic downturn and organised crime contribute to this. International gangs are reportedly targeting and recruiting people to commit online shopping fraud or provide...
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Germany's payment landscape shifts: Cashless transactions lead, but cash remains popular
Frankfurt - Card and smartphone are replacing notes and coins. Consumers in Germany made their daily purchases more frequently without cash last year, a representative study by the Bundesbank has revealed. Cash was still by far the most used payment method in Germany in 2025, but for the first time since the central bank's initial analysis in...
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New US tariffs loom for economies failing to prevent forced labour goods
The US has threatened 60 economies with new tariffs for failing to prevent imports of products made with alleged forced labour or for inadequately enforcing existing import bans. The Office of the US Trade Representative announced this late on Tuesday evening (local time). Consequently, the European Union (EU), the UK and Switzerland, as well as...
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Eurozone: Iran war drives May inflation rate to 3.2 percent
The surge in oil prices following the Iran war fuelled inflation in the Eurozone in May. Consumer prices rose by 3.2 percent year-on-year. This was announced by the statistics office Eurostat in Luxembourg on Tuesday, according to an initial estimate. In April, the inflation rate stood at 3.0 percent. Economists had, on average, expected this...
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EU imposes 200 million euro fine on online retailer Temu
The European Commission has imposed a 200 million euro fine on the Chinese online marketplace Temu for illegal products. The Brussels authority announced that the company had failed to properly assess the risks and damages to consumers. This is a particularly serious breach of the Digital Services Act (DSA). Consumers in the EU were highly...
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Football shirts drive sales as retailers bank on world cup effect
Despite a slump in consumer spending, major specialist sports retailers in Germany are hoping for a boom from the Football World Cup. The tournament in the USA, Canada, and Mexico, which begins on June 11, is expected to lift spirits and boost sales of football shirts, fan merchandise, and team sports equipment. This was reported unanimously by...
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