Articles by DPA
Walmart forecasts slower growth for 2025/26
Walmart adopts cautious outlook for 2025/26 amid anticipated growth moderation. Walmart, the world's largest retailer, is entering the new financial year with a measured outlook. The company, headquartered in Bentonville, Arkansas, announced on Thursday that growth is expected to slow slightly. For the financial year 2025/2026, which ends in...
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Eyewear group EssilorLuxottica increases sales and profit
Eyewear giant EssilorLuxottica exceeded expectations for operating profit last year. Adjusted operating margin, excluding non-recurring items, increased by 0.5 percentage points to 17 percent, the Franco-Italian company announced Wednesday in Charenton-le-Pont. Analysts had, on average, anticipated slightly lower figures. The group, which owns...
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Boho chic to minimalism: The new trends in women's fashion
The new fashion season is upon us, bringing with it a vast spectrum of styles and trends. Colors, shapes, and materials invite experimentation. Feeling inspired? Here are expert tips on the runway highlights – and how you can update your wardrobe this spring and summer. What's trending in women's fashion this season? This season, diversity takes...
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EU investigates Shein for possible consumer law violations
The European Commission is investigating Chinese online retailer Shein for possible violations of European consumer law. The Commission is investigating whether the online platform Shein is taking sufficient steps to prevent consumers from being harmed by unfair or misleading terms. The investigation is being carried out by national consumer...
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EU prepares for possible trade war with the US
The EU is preparing for a possible trade war with the US. Following US President Donald Trump's announcement of new tariffs on imports from Mexico, Canada and China, European heads of state and government expressed their determination at a summit in Brussels not to simply accept similar decisions against the EU. As a strong economic area, one...
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Is Adidas cutting jobs?
The sportswear manufacturer Adidas plans to restructure its headquarters in Herzogenaurach, Germany, and potentially reduce its workforce of 5,800 employees at the location. A company spokesperson stated that specific figures could not be disclosed at this time. However, Manager Magazin and other media outlets, citing company insiders, have...
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Zalando launches 6.50 euros per share tender offer for About You
Zalando SE (ZLNDY), an online retailer of fashion and lifestyle products, announced the launch of a 6.50 euros per share public tender offer for About You, following the approval of the German Federal Financial Supervisory Authority (BaFin). The Acceptance period starts today and is expected to end on 17 February 2025. The Takeover Offer is not...
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Ronald S. Lauder retires from Estée Lauder board, Eric Zinterhofer joins
On Friday, Estée Lauder Companies (EL) announced the retirement of Ronald S. Lauder from its Board of Directors, effective immediately. Following his retirement, the Board has elected Eric Zinterhofer as a director. Under the stockholders' agreement with the Lauder family, Lauder has the right to appoint two board members. While his daughter,...
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Marks & Spencer 13-week Christmas trading sales rise, confident for rest of year
Retail major Marks and Spencer Group Plc reported Thursday that its 13-week Group sales during Christmas trading increased 5.6 percent from last year to 4.06 billion pounds with growth in UK and ROI region. Looking ahead, the company said it is confident of making further progress in the remainder of the year. In its Christmas trading update,...
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About You sales marginally increase ahead of Zalando takeover
Hamburg-based fashion retailer About You barely made any gains ahead of its takeover by Zalando. In the third financial quarter to the end of November, the company generated sales of almost 559 million euros, 1.3 percent more than a year earlier, as it announced on Thursday. Management explained this with the late timing of Black Weekend, which...
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