Articles by Jan Schroder
Levi Strauss & Co. exceeds Q2 market expectations, raises annual forecast
US apparel company Levi Strauss & Co. (LS&Co.) has once again exceeded market expectations in the second quarter of its 2025/26 financial year. Following the unexpectedly strong results, the denim specialist raised its annual forecast again on Wednesday evening. In the three months to May 31, revenue amounted to 1.56 billion dollars. This...
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Peek & Cloppenburg Düsseldorf promotes Dean Sternberg to buying director for womenswear
Düsseldorf-based retailer Peek & Cloppenburg B.V. & Co. KG is filling a key position in its buying department. On Tuesday, the company announced the appointment of Dean Sternberg as buying director women's wear. He succeeds Thekla Tamke in this role, who left Peek & Cloppenburg at the end of March. Sternberg most recently held the position of...
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Yeti opens first European flagship store in Munich
US outdoor equipment brand Yeti has opened its first flagship store in Europe. Since June 12, the brand has been offering its functional equipment in Munich's city centre. The company has moved into a space of around 150 square metres at Georg-Kronawitter-Platz 2. In a statement, the company explained its choice of location: “Munich combines...
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S.Oliver Group drives retail expansion with new PTH joint venture
Rottendorf - S.Oliver Group announced on Tuesday the formation of a new joint venture with the Bischofswerda, Saxony-based retail company Private Textiles Holding GmbH (PTH Group). The new joint venture, Brand Collective GmbH, will be responsible for “the takeover, continuation and strategic repositioning” of retail spaces previously operated by...
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Bulgari appoints Stephan Kornfeld as managing director for Northern Europe
Jeweller Bulgari, part of the French luxury goods group LVMH, has appointed Stephan Kornfeld as managing director for Northern Europe. Kornfeld took on his new role on June 1, the company announced on Monday. He is now responsible for business in the Northern Europe region, including retail and wholesale activities in Germany, Austria, the Czech...
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PVH: Middle East conflict dampens expectations
US apparel group PVH Corporation reported solid results for the first quarter of the 2026/27 fiscal year on Wednesday evening. However, management lowered its sales forecast for the full year due to the foreseeable negative impact of the war in Iran. In the first quarter, which ended on May 3, group revenue amounted to almost 2.03 billion US...
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Marimekko appoints former Ganni manager Karolin Stjerna to management team
Finnish textile group Marimekko Corporation has appointed a new executive as part of a structural reform. On Tuesday, the company announced the appointment of Karolin Stjerna as chief operating officer (COO), supply chain. The 41-year-old will take on the newly created position on June 8, join the company's management team and will report...
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Victoria’s Secret raises full-year forecast after surprisingly strong first quarter
US lingerie retailer Victoria’s Secret & Co. exceeded its own targets and analysts' expectations in the first quarter of the 2026/27 financial year. The management subsequently raised its full-year forecast on Tuesday. In the 13 weeks to May 2, the parent company of the Victoria’s Secret, Pink and Adore Me brands generated sales of 1.56 billion...
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Despite record sales: Abercrombie & Fitch's first-quarter profit declines
US apparel group Abercrombie & Fitch Co. set a new sales record in the first quarter of the 2026/27 financial year. However, its profit declined. According to a statement released on Wednesday, sales in the 13 weeks to May 2 amounted to approximately 1.11 billion US dollars. This was a two percent increase on the same quarter last year and a new...
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Capri Holdings reduces quarterly loss despite revenue decline
US fashion group Capri Holdings Limited also suffered a decline in sales in the fourth quarter of the 2025/26 financial year. The company made significant progress in its earnings thanks to extensive reforms. Management is now also forecasting sales growth for the current year. In the final quarter of the past financial year, which ended on...
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