Articles by Jan Schroder
Quiz initiates strategic review as turnover continues to fall
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British fast-fashion retailer Quiz Plc suffered a significant drop in sales and a loss of millions in the first half of the 2023/24 financial year. In its interim report published on Tuesday, the company justified the weak figures with the effects of persistent inflationary pressure and poor consumer sentiment. The clothing supplier also...
Decathlon takes over outdoor outfitter Bergfreunde
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The French sporting goods retailer Decathlon is expanding its portfolio to include the German e-commerce specialist Bergfreunde GmbH. On Monday, the Kirchentellinsfurt-based outdoor outfitter announced that Decathlon had already signed a corresponding purchase agreement with the previous Bergfreunde owner Backcountry on 24 November. Financial...
Tod's increases nine-month sales by around 14 percent
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The Italian fashion group Tod's SpA achieved a double-digit increase in sales in the first three quarters of the 2023 financial year. Strong growth in China and Europe more than offset weak demand in America. This emerged from an interim report that the parent company of the brands Tod's, Roger Vivier, Hogan and Fay published on Wednesday. In...
Guess increases quarterly profit by 63 percent and raises guidance
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Despite the continuing weakness in demand in America, the US fashion group Guess Inc. surprisingly achieved significant growth in sales and earnings in the second quarter of the 2023/24 financial year. As a result, the company raised its full-year earnings forecast on Wednesday evening. In the three months before 29 July, turnover reached 664.5...
Foot Locker slides into the red in the second quarter
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The US retail group Foot Locker Inc. presented disappointing figures for the second quarter of the 2023/24 financial year and once again lowered its forecasts. The unexpectedly weak results and prospects immediately weighed on the share prices of numerous companies in the sporting goods industry. For the second quarter ended July 29, Foot Locker...
EssilorLuxottica, Polytechnic University of Milan create research center for smart glasses
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Italian eyewear manufacturer EssilorLuxottica and Politecnico di Milano University are teaming up to develop the next generation of data glasses. On Tuesday, the two partners announced the establishment of the EssilorLuxottica Smart Eyewear Lab in the presence of leading Italian politicians. According to the statement, the facility will be...
Reutlingen University, LDT Nagold and BTE establish joint venture
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Training centres, including Reutlingen University and LDT Nagold, as well as the Federal Association of German Textile, Shoe and Leather Goods Retailers (BTE), are intensifying their partnership. On Wednesday, the three partners announced the establishment of a joint venture. “The joint venture will implement a new study program under the...
Mytheresa appoints new president of North America
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Online fashion retailer Mytheresa is strengthening its presence in the United States. On Wednesday, the company announced the appointment of Heather Kaminetsky as president North America. She will take up the post on June 1, after which she will lead all customer-related activities in North America, including communications, personal shopping...
Berlin Fashion Fairs: Successful return to Tempelhof sparks discussions about the future
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At last week’s Berlin fashion fairs, new collections for the upcoming autumn/winter season were almost overshadowed by the comeback of a legendary location: for the first time since 2014, the former Tempelhof airport was back in the focus of the fashion industry. The huge 1930s building used to house Bread & Butter, widely considered the world’s...
Adidas tests gravity's limits at the International Space Station
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In recent years, sportswear manufacturers have increasingly become high-tech companies. With new materials and new production processes, they want to help their top athletes sound out performance limits and ideally, break them. After all, innovation promises prestige - which then influences sales. Searching for the ultimate promise of progress,...