Latest Articles in Business

Ebay completes 1.4 billion dollar Depop acquisition

E-commerce group eBay has completed its acquisition of London-based fashion resale marketplace Depop from Etsy, both companies announced on Thursday. The seller received approximately 1.4 billion dollars in cash. According to the announcement, the figure reflects a purchase price of 1.2 billion dollars plus 200 million dollars of net purchase...

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Canada Goose surprises with double-digit revenue growth in first quarter

Canadian apparel company Canada Goose Holdings Inc. achieved double-digit revenue growth in the first quarter of the 2026/27 financial year, exceeding market expectations primarily due to strong growth in China. The Toronto-based down jacket specialist's loss was significantly lower than in the same period last year, although analysts had...

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Steve Madden lifts full-year outlook as second-quarter revenue climbs 19 percent

Steve Madden, Ltd. has raised its full-year revenue and adjusted earnings guidance after second-quarter revenue rose 19.1 percent to 665.9 million dollars, from 559 million dollars in the same period of 2025. Net income attributable to the company was 27.7 million dollars, or 38 cents per diluted share, against a loss of 39.5 million dollars, or...

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Crocs brand surpasses one billion dollars in quarterly revenue

US footwear company Crocs, Inc. (Crocs) reported its financial results for the second quarter ended June 30, 2026. Consolidated revenues rose 2.6 percent, or 2 percent on a constant currency basis, reaching 1.18 billion dollars. The growth was led by the flagship Crocs brand, which surpassed one billion dollars in quarterly revenue for the first...

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Prada Group closes H1 with a 16 percent increase in net revenue

Prada spa reported net revenue of 3.048 billion euros (3.50 billion dollars) in the first half ending June 30, an increase of 16 percent year-over-year (plus 5 percent on an organic basis). The company closed the second quarter with 7 percent growth. According to a statement from Prada spa, retail sales amounted to 2.633 billion euros. This is...

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HanesBrands acquisition drives Gildan's revenue surge

Canadian apparel manufacturer Gildan Activewear Inc. (Gildan) announced its financial results for the second quarter ended June 28, 2026. The Montreal-based business recorded net sales from continuing operations of 1.58 billion dollars, representing a 72.3 percent increase compared to 918.50 million dollars in the prior-year period. The top-line...

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Lululemon: Klarna now available at checkout in Germany and UK

Payment provider Klarna is now available as a payment method in Lululemon stores in Germany and the UK. The move expands a partnership that has existed online for more than five years, Klarna announced last week. The integration is made possible by the payment platform Adyen, which Lululemon uses. At the checkout, customers scan a QR code with...

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Textile production generates 92,000 tonnes of microfibre pollution each year, report finds

New research from Earth Action has found that textile manufacturing generates around 92,000 tonnes of microfibre pollution annually, with more than 63 percent of this waste ultimately leaking into the environment. In the NGO’s ‘From Shedding to Solutions’, it is suggested that despite wastewater treatment capturing a significant proportion of...

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Bardot launches dedicated e-commerce platform for UK and Europe

Australian fashion brand Bardot has expanded its international e-commerce strategy with the launch of dedicated online stores for customers in the UK and Europe. Previously, shoppers in both markets accessed the brand through its US website and wholesale partners. The new regional platforms intend to introduce local payment options, transparent...

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Reformation raises 211 million dollars in IPO debut

US womenswear label Reformation has priced its initial public offering at 15 dollars per share, raising approximately 211 million dollars ahead of its planned debut on the New York Stock Exchange. The Los Angeles-based brand is offering 14,062,500 shares, including 9,478,821 newly issued shares and 4,583,679 shares sold by existing shareholders....

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Geox revenue down 11.4 percent in first half

Geox spa has closed the first six months with revenues down 11.4 percent compared to the first half of the year (8.8 percent on a like-for-like basis), at 270 million euros (309 million dollars). The company reported an adjusted Ebitda of 13 million euros, compared to nine million in the same period last year. “Geox has faced a difficult and...

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Skechers prepares to open European distribution centre

US footwear specialist Skechers has said construction of its new European distribution centre is set to finalise in August, making way for the company’s next chapter of growth in the region. Located near Liège Airport in Belgium, in close proximity to its existing site in Milmort, the 230,000 square metre centre intends to place Skechers at the...