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Destination XL Group shifts focus to private brands as it swings to loss in Q2

Destination XL Group (DXL) has said its results for the second quarter of the year reflect a “softness” in the big and tall sector, as the company swings to a loss and total sales drop. The specialty retailer reported a net sales decline of 7.5 percent to 115.5 million dollars, decreasing on the 124.8 million dollars seen in the same period of...

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Free People boosts Urban Outfitters results in first half

American fashion group Urban Outfitters, Inc. (UO) saw increases in both revenue and profit in the first half of the year. UO is the parent company of retailers Anthropologie and Urban Outfitters, fashion brand Free People and clothing rental company Nuuly. The group's revenue rose by 11 percent in the first six months. This resulted in record...

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Perfect Moment secures 6.6 million dollars in financing

Skiwear brand Perfect Moment has completed two financing transactions totaling around 6.6 million dollars, and is thus “positioned to accelerate growth following a series of operational and strategic initiatives implemented earlier this year”. Much of the new funding comes from chairman of the board, Max Gottschalk, who extended a total of over...

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Kohl’s Q2 performance comes ahead of expectations amid turnaround plan

Progress has been made with the turnaround strategy of Kohl’s. The US retail giant reported a “sales performance that came in ahead of our expectations” for the second quarter, interim CEO, Michael Bender, said. “While it is clear that these initiatives are beginning to resonate with our customers, our team remains focused on delivering...

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Guess? revenues rise as it prepares for go-private deal

Guess?, Inc. has announced a 6 percent increase in revenue to 772.9 million dollars for its second quarter of fiscal year 2026, up from 732.6 million dollars in the same period last year. The revenue rise, driven by strong performance in Europe and North America, comes as the company moves towards a proposed take-private transaction. The Los...

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Foot Locker sees sales slow down in Q2 amid acquisition

Foot Locker Inc. has reported a total sales decrease of 2.4 percent to 1.85 billion dollars for the second quarter of 2025, marginally down from 1.89 billion dollars in the same period last year. The decline comes as the New York-based athletic retailer prepares for its acquisition by US company Dick’s Sporting Goods. Excluding the effect of...

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New US tariffs against India over Kremlin dealings in effect

New US tariffs on imports from India due to its oil trade with Russia have come into effect. As of Wednesday, the United States is imposing an additional tariff of 25 percent on products from the South Asian country, according to a document in the US Federal Register. Former US President Donald Trump ordered the move in early August. This...

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Swatch's US business strength boosts luxury goods sector

Swatch shares rose sharply on Wednesday afternoon. After jumping to 151 francs, they were last up 4.4 percent at 147.55 francs. Several traders cited reassuring statements in a conference call on US business. The watch group assured that the market was developing strongly. They also stated that tariffs were manageable. There was no official...

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Business|In-depth

Does sustainability actually sell? The complex reality behind consumer behavior

Sustainability remains a key component for many consumers when considering a new purchase - until it is time to make the sale, that is. The ongoing gap between what consumers say they want and what they actually want and do with it could be hindering the uptake of sustainable practices - but is it truly up to the consumers? Sustainability and...

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JD Sports remains “cautious” as Q2 sales dip

British sportswear retailer JD Sports has stated that organic sales improved for Q2 2025 in North America and Europe, while sales in the UK declined, affected by tough comparisons with the same quarter last year, when the company benefited from the Euro 2024 football tournament. In its Q2 statement for the 13 weeks to August 2, JD Sports...

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Pvh exceeds expectations in second quarter despite margin pressure

US clothing group PVH Corporation (PVH Corp) performed better than expected in the second quarter of 2025. Despite a challenging environment, the company increased both its revenue and profit. The parent company of brands such as Calvin Klein and Tommy Hilfiger announced this on Wednesday. The core brands played a significant role in this. They...

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South Korea's Handsome accelerates expansion in France, plots UK growth

South Korean group Handsome, a subsidiary of Hyundai Department Store Group, is considering continued expansion in Europe, with discussions underway for regular entry into several major French department stores and wholesale contracts with global distributors, including Harrods in the UK. A Handsome official stated: "Paris serves as a...