Articles by DPA
Weak consumer sentiment: Douglas sees significant drop in operating profit
The perfume chain Douglas continued to feel the effects of customer price sensitivity in its third business quarter of 2025/26. The quarter's business performance was significantly impacted by weak market dynamics in Germany, France and the Netherlands. It was also affected by continued strong price competition in the European beauty retail...
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On's weak revenues drag down Adidas, Puma and Nike shares
Shares in Adidas, Puma and Nike fell noticeably on Tuesday afternoon. The market cited the weak revenue performance of Swiss trainer manufacturer On Holding. On Holding's shares plummeted by 16.4 percent to 32.41 US dollars in pre-market US trading. Nike's share price was also affected, falling by 1.1 percent to 41.64 dollars. In Germany, Adidas...
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Trump declares strait of Hormuz open again
Judging by his recent statements, the struggle to open the Strait of Hormuz appears to be over for US President Donald Trump. At the White House, he stated that following a mine-clearing operation, the strait is once again navigable for ships and is “one hundred percent” controlled by the US. He added that although Iran occasionally lays a mine,...
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Puma reports further revenue decline, remains in the red
Corporate restructuring and weaker demand linked to the Middle East conflict have impacted the sportswear manufacturer Puma's sales in the second quarter. Revenue fell by almost ten percent to nearly 1.7 billion euros (1.96 billion dollars), the company announced on Friday in Herzogenaurach. The wholesale business in the American and European...
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Adidas Q2 net sales improve, lifts annual sales growth outlook; Birgit Kretschmer named CFO
Adidas AG, the German athletic apparel, footwear, and related products company, on Thursday reported a decline in net profit for the second quarter of fiscal 2026, hurt by loss from discontinued operations. However, the company recorded a rise in net sales, helped by improved demand. For the three-month period, the company reported a net income...
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Adidas stock falls to six-week low
Adidas shares remained under pressure on Friday. The downward spiral intensified, with the share price temporarily falling by 5.6 percent to a six-week low in Xetra trading. The discount most recently stood at 3.3 percent. At 170.60 euros (194.22 dollars), the shares have now fallen below the 50-day line, having already dropped below the 21-day...
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Target recalls 211,000 Cat & Jack children's sandals over choking
Target has recalled about 211,000 Cat & Jack children's sandals after discovering that decorative plastic pearls attached to the footwear can detach, creating a choking hazard that could result in serious injury or death. The recall covers tan Cat & Jack sandals featuring two raffia straps with gold buckles and plastic pearls. The brand name is...
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Richemont accelerates growth thanks to its jewellery business
Richemont continues its growth trajectory. The Swiss jewellery and watch group recorded a strong increase in turnover in the first quarter of the 2026/27 financial year, exceeding analysts' expectations. Products from the jewellery maisons Cartier and Van Cleef & Arpels continue to enjoy great popularity. The group's turnover rose by 17 percent...
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Richemont accelerates growth thanks to jewellery business
Richemont remains on a growth trajectory. The Swiss jewellery and watch group significantly increased its sales in the first quarter of the 2026/27 financial year, exceeding analysts' expectations. Products from its jewellery houses, Cartier and Van Cleef & Arpels, continue to be highly popular. The company announced on Wednesday that group...
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Tariffs: US government repays over 81 billion dollars
Following a landmark Supreme Court ruling, the US government under President Donald Trump has repaid billions in tariffs. A total of approximately 81.3 billion dollars was refunded from October 2025 to the end of June, according to data from the Treasury Department. In the same period last year, the sum was just under 5.3 billion dollars....
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