Latest Articles in Business

Under Armour beats profit outlook despite 7 percent sales decline

Under Armour exceeded its operating income outlook in the second quarter of fiscal 2027, even as revenue fell 7 percent to 1.2 billion dollars, the company said in its results release on Friday. The Baltimore-based sportswear company reported operating income of 15 million dollars for the quarter ended September 30, 2026, down from 17 million...

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Superdry announces 70 million pound refinancing to support global retail strategy

British fashion retailer Superdry & Co has agreed a major refinancing package totalling 70 million pounds (93.8 million dollars) to support its next phase of retail expansion and international growth. The arrangement includes a 60 million pounds committed asset-based lending facility alongside a 10 million pounds trade finance facility. The new...

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More than audits - Retraced highlights ten due diligence tools

Due diligence in the garment industry has evolved from voluntary social audits into an enforceable, cross-jurisdictional legal imperative driven by frameworks such as the EU Corporate Sustainability Due Diligence Directive (CSDDD) and strict forced labour import bans. To establish genuine compliance and mitigate existential commercial risks,...

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Inditex surpasses 60 euros per share for first time, reaching 189 billion euros in market capitalisation

Madrid – Neither Inditex shares nor the company itself had ever been worth more on the market until the trading session on Thursday, November 5, 2026. While the market awaits the future trajectory of the Spanish fashion multinational and its stock, the day has already become a historic milestone for the Zara owner. This follows its shares...

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Saysh founder Allyson Felix on why women’s footwear needs more than product: Purpose and representation

Olympic champion Allyson Felix took the stage at the ISPO Summit in Amsterdam on Tuesday to argue that women’s footwear has to offer more than fit. In the Inspiration Talk “Running Her Own Race: Allyson Felix on Legacy, Leadership & Building Something Bigger”, the Saysh founder said building “systems for women” means pairing product with purpose...

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Global Fashion Group: Margin gains carry profitability through soft demand

Hamburg - NuWays AG has issued an update on Global Fashion Group S.A. (GFG), confirming its "BUY" recommendation with an unchanged 12-month target price of 1.00 euro, according to analyst Christian Sandherr. GFG's third-quarter figures show that improved unit economics hold up even as demand softens, with normalised free cash flow remaining...

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Westwing posts 13 percent Q3 revenue growth as international sales accelerate

Hamburg - NuWays AG has published an equity research update on Westwing Group SE (ISIN: DE000A2N4H07), in which analyst Christian Sandherr reiterates a "BUY" recommendation with an unchanged 12-month target price of 23.50 euros. Westwing delivered its fifth consecutive quarter of growth despite a soft consumer backdrop and higher freight costs....

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Patagonia, The North Face and Above The Clouds on why ESG is a differentiator, not a compliance exercise

Executives from Patagonia, The North Face and brand consultancy Above The Clouds told the ISPO Summit in Amsterdam on Tuesday that sustainability is a business opportunity, not just a compliance exercise. The panel, “ESG Is Your Opportunity: Why It Matters More Than Ever, For Generations to Come”, brought together Hap Klopp, founder of The North...

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Steve Madden raises FY26 utlook following strong Q3 results

US footwear and accessories group Steven Madden, Ltd. (Steve Madden) has posted a double-digit rise in revenue for the third quarter ended September 30, 2026. Net revenue rose 15.7 percent to 772.60 million dollars, up from 667.90 million dollars in the prior-year period. Following these results, the firm raised its full-year guidance for both...

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Women in sporting goods leadership: 'It is not really changing'

Leaders from UEFA, Sport 2000 International, O’Neill and Decathlon took the stage at the ISPO Summit in Amsterdam on Tuesday with a shared message: women’s leadership in sport and sporting goods is moving too slowly. On the panel “Change Management: Leading with Courage in Times of Misalignment” were Laura McAllister, Margit Gosau, Tamara...

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Despite revenue growth: Canada Goose reports higher loss in second quarter

Canadian apparel retailer Canada Goose Holdings Inc. increased its revenue in the second quarter of the 2026/27 financial year. However, the Toronto-based down jacket specialist simultaneously recorded a higher loss. According to an interim report published on Thursday, revenue in the most recent quarter ended September 27 totalled 274 million...

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Ralph Lauren raises full-year guidance again following strong second quarter

US fashion group Ralph Lauren Corporation raised its guidance for the 2026/27 financial year for the second time on Thursday following better-than-expected second-quarter results. Net income rose by 43 percent to 296.6 million dollars, boosted by tariff refunds. Adjusted earnings per share increased by 22 percent. In the second quarter ended...