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Baazar Style Retail reports 37 percent revenue increase for financial year 2026

Indian value fashion retail chain Baazar Style Retail Limited, known as Style Baazar, has announced a strong financial and operational performance for the financial year 2026 (FY26). The results reflect growing demand for affordable fashion alongside the company expansion, brand building and operational focus. Revenue from operations for FY26...

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Football shirts drive sales as retailers bank on world cup effect

Despite a slump in consumer spending, major specialist sports retailers in Germany are hoping for a boom from the Football World Cup. The tournament in the USA, Canada, and Mexico, which begins on June 11, is expected to lift spirits and boost sales of football shirts, fan merchandise, and team sports equipment. This was reported unanimously by...

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Marks & Spencer fashion segment faces headwinds after cyber disruption

London-based retailer Marks and Spencer Group plc (M&S), has reported its preliminary financial results for the 52 weeks ended March 28, 2026. The group posted a resilient overall performance despite experiencing a significant operational impact from a sophisticated cyber incident during the first half of the financial year. Including Ocado...

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Despite a struggling luxury market, Chanel returns to growth in 2025

Paris - Chanel returned to growth in 2025 thanks to demand in Europe and the Americas, performing well amidst a slowdown in the global luxury market. The company reported a turnover of 19.3 billion dollars (up 3 percent, and 1.8 percent on a like-for-like basis), boosted by growth across all its activities, it stated in a press release on...

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Amer Sports raises full year outlook following strong Q1 growth

Finland-based sports equipment and apparel group Amer Sports has reported a 32 percent increase in revenue for the first quarter of 2026, reaching 1.95 billion dollars compared to the same period last year. On a constant currency basis, revenue grew by 26 percent. The performance was led by its technical apparel segment and outdoor performance...

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LuxExperience confirms annual forecast – Mytheresa reports revenue growth

Munich-based luxury e-commerce retailer Mytheresa remains the growth engine for its parent company, LuxExperience B.V., in the third quarter of 2026. The parent company was newly formed around a year ago following the acquisition of e-commerce specialist Yoox Net-A-Porter (YNAP). Mytheresa's business continues to grow faster than the market,...

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Birkenstock: why Wall Street no longer believes in the luxury dream despite strong growth

For several years, Birkenstock seemed to have achieved what few footwear brands had before. It transformed a German orthopaedic sandal into a global object of desire, worn by tourists, fashion houses, celebrities and premium consumers alike. The narrative presented to investors during its 2023 Initial Public Offering (IPO) is now beginning to...

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Business|Updated

S.Oliver Group acquires Baldessarini

The S.Oliver Group is adding Baldessarini to its "House of Brands". The Rottendorf-based apparel group is acquiring the brand rights from New Baldessarini GmbH, a subsidiary of the Herford-based R. Brand Group, as announced by the S.Oliver Group on Tuesday. The integration of the menswear brand will strengthen the brand portfolio's position in...

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Dr. Martens returns to profit growth in FY26

British footwear and accessories brand Dr. Martens reports making “good progress” as it shifts from a channel-led to a consumer-first operating model, as it delivers a return to profit growth for the financial year ending March 29, 2026, with pre-tax profit (PBT) rising 61 percent. For the FY26, group revenue reached 764.9 million pounds, down...

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Lululemon founder expresses readiness for constructive board resolution

Chip Wilson, founder of Canadian brand Lululemon Athletica (Lululemon) and one of the largest shareholders of the company, has released a statement regarding ongoing settlement discussions with the board of directors. Wilson expressed optimism about reaching a swift conclusion to the public dispute, highlighting that both parties appeared to be...

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Business|CEO Interview

Arena's 'Planet Water' ambition: conquering lifestyle through performance

With a turnover of 193 million euros in 2025 and solid growth of 8 percent, Italian swimwear brand Arena is no longer content with just dominating competition pools. Under the leadership of its CEO Peter Graschi, the heritage brand is making a strategic pivot towards 'wellbeing' and a swimwear extension. This is an analysis of a roadmap that...

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UK jails driver for smuggling cocaine in shipment of Kim Kardashian underwear

London - A Polish driver was jailed for smuggling cocaine worth more than £7 million ($9.3 million) hidden in a lorry transporting Kim Kardashian's Skims underwear, UK police said Monday. He was caught smuggling 90 kg of cocaine in the lining of the doors of the lorry, which was carrying 28 pallets of clothing belonging to Kardashian's shapewear...