Home

News

Business

Latest Articles in Business

Primark switching to “preferred materials and circular design” in its sustainability strategy

International fashion and homeware retailer Primark, founded in Ireland in 1969, has announced it is stepping up its sustainability progress strategy as it scales up switching to preferred materials such as recycled or more sustainably sourced fibres, as well as continuing its efforts to embed circular designs into its approach to extend product...

FeaturedMember

Business

AI, AI, who is the most stylish in the land?

Artificial intelligence (AI) is no longer just a technical tool. It is becoming a constant companion in the daily lives of many consumers, fundamentally changing the relationship between people and brands. According to the latest Accenture study, “Consumer Pulse 2025”, around 30 percent of active users already trust AI tools for shopping and...

Member

Business

Takeover speculation sparks share price surge at Puma

Takeover rumors helped Puma shares achieve a spectacular price jump on Thursday once again. The share price, which has been disappointing in the stock market year 2025 so far, shot up by more than 17 percent to just under 20 euros. The gain recently stood at 15 percent. The Chinese group Anta Sports Products Limited (Anta Sports) is considering...

Member

Business

Urban Outfitters achieves double-digit revenue and earnings growth

Urban Outfitters, Inc. reported record quarterly and year-to-date results as strong consumer demand across its retail, subscription, and wholesale segments propelled double-digit revenue and earnings growth. For the three months ended October 31, 2025, the company posted net income of 116.4 million dollars, or 1.28 dollars per diluted share,...

Member

Business

Amnesty International calls on textile giants to protect workers' rights

On Thursday, the NGO Amnesty International called on global textile companies and the governments of four Asian countries to take action to protect workers' rights and ensure decent wages. In two reports published on Thursday, the NGO states that fashion brands manufacturing in India, Bangladesh, Pakistan, and Sri Lanka must urgently take...

Member

Business

Frasers Group acquires Hervis stores in Hungary and Romania

Austrian sporting goods retailer Hervis, owned by the Spar Group, is withdrawing from two markets. Hervis Sport- und Modegesellschaft mbH has concluded an agreement with Frasers Group (European Holdings) Limited, part of the UK retail group Frasers Group Plc, regarding the sale of the companies Hervis Hungary (Hervis Sport és Divatkereskedelmi...

FeaturedMember

Business

Could Egypt be the next garment producing hub by 2035?

In the first four months of 2025, Egypt’s readymade garment (RMG) exports reached the milestone of crossing the 1 billion US dollar mark. After food and beverages, the textile and garment industry is the second-largest industrial sector in Egypt today. In 2024, the country’s textile exports grew by almost one fifth (18 percent) to 2.84 billion...

Member

Business

Bluestar Alliance renews Dickies’ licensing agreement with Atomic for ANZ

Bluestar Alliance has announced a new licensing agreement with Atomic Fashion Marketing for its recently acquired workwear brand Dickies, strengthening the brand’s presence across Australia and New Zealand. The partnership marks a continuation of a long-standing relationship between Dickies and Atomic, which has served as the brand’s flagship...

FeaturedMember

Business

Guess Q3: Revenue up, net earnings positive ahead of delisting

Guess, Inc. reported a strong third-quarter performance for the period ended November 1, 2025, posting higher revenue and a return to profitability even as it moves toward a proposed take-private transaction with Authentic Brands Group. Chief executive officer Carlos Alberini said the company delivered encouraging results, citing 7 percent...

Member

Business

Movado Group Q3: Improved sales and profitability amid tariff concerns

Movado Group, Inc. delivered higher sales, stronger margins and improved profitability despite continued tariff pressures for the third quarter ended October 31, 2025. Net sales rose 3.1 percent to 186.1 million dollars, driven by growth in licensed brands and company stores, even as owned brands moderated. U.S. net sales increased 6.9 percent,...

Member

Business

Kohl's navigates sales dip with improved gross margin in Q3 2025

Kohl's Corporation reported a decrease in net sales for the third quarter of fiscal 2025, but managed to improve its gross margin. The company is maintaining a focus on its 2025 initiatives amidst an uncertain macroeconomic environment. For the third quarter ended November 1, 2025, net sales decreased 2.8 percent year-over-year to 3.4 billion...

Member

Business

Abercrombie & Fitch achieves record sales in Q3 2025, narrows FY outlook

Abercrombie & Fitch Co. reported strong sales growth in the third quarter of fiscal 2025, driven by the Hollister brand's performance. The company is narrowing its full-year outlook, expecting continued growth and profitability. For the third quarter ended November 1, 2025, net sales reached a record 1.3 billion dollar, a 7 percent increase...