Articles by DPA
Puma continues to lose revenue and records losses
Sportswear manufacturer Puma continues to experience a decline in revenue. Third-quarter revenue fell by 5 percent year-over-year to approximately 1.78 billion euros (1.99 billion dollars), the company announced on Friday in Herzogenaurach. On a currency-adjusted basis, the decline stood at 6.3 percent. Puma recorded weaker demand, particularly...
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Adidas convinces investors with strong growth
Investors reacted positively on Thursday to the detailed quarterly figures from Adidas. By midday, the shares topped the firm DAX benchmark index with a gain of nearly 4 percent. For the first time since mid-August, they reached a peak of 165 euros, having fallen below 140 euros at the beginning of October. Following a recent weaker performance...
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After EU fine of 200 million euros: what Temu plans to change
Online giant Temu pledges to improve consumer protection following an EU fine of 200 million euros (228.8 million dollars) and submits proposals for changes to the European Commission. Going forward, the shopping portal is to examine whether its recommendation algorithms help spread illegal products, as the Brussels authority announced. The...
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Kering slumps - L'Oréal slightly stabilises consumer goods
Kering shares slumped on Friday. They most recently fell by 11 percent, marking their lowest level since July 2025. This resulted in another negative surprise within the luxury segment. Just the day before, Hermès shares had fallen after its figures failed to convince. In the wake of Kering's decline, other stocks in the sector such as LVMH and...
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Nike Bets On India With New Bengaluru Campus As It Pushes Turnaround
Washington County - Nike (NKE) is expanding its presence in India with plans for a new global campus in Bengaluru as the sportswear giant looks to revive growth under CEO Elliott Hill and tap into one of the world's fastest-growing consumer markets. The campus, expected to open within the next few years, will house corporate roles spanning Nike,...
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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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