Articles by Jan Schroder
The Platform Group acquires majority stake in FirstWire
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The Düsseldorf-based e-commerce group The Platform Group AG is expanding its extensive portfolio to include a financial platform. On Monday, the group announced that it had acquired 50.1 percent of the activities of Cologne-based FirstWire GmbH. The company, founded in 2015, operates Firstwire, a "digital platform for B2B financing solutions"...
Now with a skate ramp: Vans redesigns flagship store in London
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The US shoe and sportswear label Vans has reopened its flagship store in London’s West End with a new concept. The store at 214 Oxford Street, which first opened in 2019, is now all about skateboarding culture. A 200 square meter skate ramp made of Roman travertine is the eye-catcher of the interior, designed by Milan-based architecture firm...
After a mixed quarter American Eagle Outfitters lowers sales forecast
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The US clothing group American Eagle Outfitters Inc. (AEO) presented mixed figures for the third quarter of the 2024/25 fiscal year on Wednesday evening and revised its sales forecast downwards. In the 13 weeks before November 2, group sales reached 1.29 billion US dollars (1.22 billion euros). This represents a one percent drop compared to the...
Frasers Group reports decline in sales and profits in the first half of the year
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The British retail group Frasers Group Plc has closed the first half of the 2024/25 financial year with losses in sales and earnings. The company also lowered its profit forecast for the current year on Thursday. In the 26 weeks up to October 27, group sales amounted to 2.54 billion British pounds (3.07 billion euros), a decrease of 8.3 percent...
Following disappointing quarter, Foot Locker lowers forecasts
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American retail group Foot Locker Inc. closed the third quarter of the 2024/25 fiscal year with a slight decline in sales and a large loss. In view of the unexpectedly weak results, the company lowered its forecasts for the full year on Wednesday. In the three months up to November 2, group sales amounted to 1.96 billion US dollars (1.87 billion...
Jil Sander opens new flagship store in Tokyo
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The fashion house Jil Sander has expanded its presence in Japan. On Monday, the company, which is part of the Italian clothing group OTB SpA, announced the opening of a new flagship store in Tokyo. The store in the Ginza district has a total area of 627 square meters on two floors, making it the label's largest to date worldwide. With the new...
German retailer About You opens Fabletics brand store
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At the beginning of the month, the Hamburg-based online fashion retailer About You opened its own brand store for the US sportswear label Fabletics on its platform. The launch will be accompanied by "an extensive marketing campaign that includes large-scale placements in the About You shop as well as influencer collaborations, photo productions...
Thom Browne wins another trademark case against Adidas in London
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US men’s fashion brand Thom Browne has celebrated another success in its long-running trademark dispute with the German sporting goods manufacturer Adidas AG. On Saturday, the label, which belongs to the Italian Ermenegildo Zegna Group, announced that it had won a case at the London High Court. In a ruling published on Friday, the judge in...
Geox closes subsidiaries in China and the US
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The Italian shoe manufacturer Geox SpA is streamlining its business activities. On Thursday, the group announced the closure of its subsidiaries in China and the US at the end of the year. Both companies had only made insignificant contributions to sales and were in the red, Geox said, adding that the measures were aimed at increasing efficiency...
Jack Wolfskin parent company Topgolf Callaway slips into the red in third quarter
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US retail group Topgolf Callaway Brands Corp. has closed the third quarter of the 2024 fiscal year with a drop in sales and red figures. The company, which includes the German outdoor equipment retailer Jack Wolfskin, subsequently lowered its annual forecasts, as management further confirmed plans to divest from the Topgolf golf simulator...