Latest Articles in Business

Puma continues to lose revenue and records losses

Sportswear manufacturer Puma continues to experience a decline in revenue. Third-quarter revenue fell by 5 percent year-over-year to approximately 1.78 billion euros (1.99 billion dollars), the company announced on Friday in Herzogenaurach. On a currency-adjusted basis, the decline stood at 6.3 percent. Puma recorded weaker demand, particularly...

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Amazon posts 12 percent net sales growth as fashion selection expands

US e-commerce giant Amazon.com reported a 12 percent increase in net sales for the third quarter ended September 30, 2026, reaching 201.94 billion dollars compared with 180.17 billion dollars in the prior-year period. Excluding an unfavorable foreign exchange impact of 0.90 billion dollars, net sales expanded 13 percent year-over-year. The...

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Columbia Sportswear exceeds Q3 projections, raises outlook

US outdoor apparel group Columbia Sportswear Company reported an increase in third-quarter net sales, exceeding management projections as direct-to-consumer gains and international momentum offset domestic wholesale shipping shifts. Net sales for the three months ended September 30, 2026, rose 2 percent to 962.60 million dollars, compared to...

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Adidas convinces investors with strong growth

Investors reacted positively on Thursday to the detailed quarterly figures from Adidas. By midday, the shares topped the firm DAX benchmark index with a gain of nearly 4 percent. For the first time since mid-August, they reached a peak of 165 euros, having fallen below 140 euros at the beginning of October. Following a recent weaker performance...

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Crocs lifts annual outlook as third-quarter revenues reach 1.04 billion dollars

US casual footwear group Crocs, Inc. (Crocs) reported a 4.6 percent increase in consolidated revenues for the third quarter of 2026, reaching 1.04 billion dollars on both a reported and constant currency basis. Growth was registered across brand portfolios and direct-to-consumer (DTC) channels, prompting management to raise full-year enterprise...

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EU Circular Economy Act: what the new legislation means for fashion and textiles

The Circular Economy Act (CEA) is a legislative proposal by the European Commission (EC) designed to accelerate the transition towards a circular economy within the European Union (EU). It aims to achieve this by promoting recycling, reuse, waste recovery and the development of the secondary raw materials market. For the fashion sector, this...

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LuisaViaRoma liquidation: bids for luxury fashion retailer open until November 8

There are roughly ten days left until the close of the public auction set for LuisaViaRoma. The Florence-based company, located at 61 Via Benedetto Varchi, is officially up for auction. The starting price is set at 18.8 million euros (20.94 million dollars) as part of a simplified liquidation arrangement managed by the Court of Florence....

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Puig’s shares slide on Vision 2032 unveiling amid Parfums de Marly rumors

Madrid – Spanish fashion and beauty multinational Puig Group experienced a turbulent day this Wednesday, October 28, as it held its first “Capital Markets Day” as a listed company and presented its new roadmap to 2032. The strategic plan was met by the markets with a -2.66 percent drop in its share valuation. This occurred amid rumours of its...

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Bearpaw owner acquires Joybees to expand molded footwear business

Romeo & Juliette Inc., the parent company of Bearpaw, has acquired Joybees, adding the family footwear brand to a portfolio that also includes Pawz, Strive and Skuze. Financial terms were not disclosed in the announcement. The deal expands Romeo & Juliette’s presence in molded footwear and is intended to strengthen its spring/summer business....

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Fashion tech firm Lectra posts higher Q3 operating profit despite market headwinds

French technology group Lectra reported an increase in operating profitability for the third quarter of 2026, supported by operational cost discipline and an expanding recurring revenue base. The board of directors, chaired by chairman Daniel Harari, reviewed the company’s unaudited consolidated financial statements for the third quarter and the...

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Adidas raises full-year profit outlook to 2.5 billion euros after record Q3

German sportswear giant Adidas reported record financial results for the third quarter of 2026, supported by robust direct-to-consumer (DTC) expansion and double-digit apparel growth across its Performance and Lifestyle categories. Group revenues rose 9 percent to 7.25 billion euros (8.08 billion dollars) during the quarter, or 7 percent on a...

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Ebay revenue reaches 3.20 billion dollars on circular fashion momentum

US-based e-commerce marketplace Ebay reported its financial results for the third quarter ended September 30, 2026, delivering a 14 percent revenue increase to 3.20 billion dollars. Revenue rose 13 percent on a foreign exchange (FX) neutral basis, supported by continued consumer migration towards pre-loved fashion and recommerce. Gross...