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Zegna Group Q1: D2C channel and Zegna brand drive growth

The Ermenegildo Zegna Group closed the first quarter with revenues of 470.2 million euros (551 million dollars), up 2.5 percent year-over-year and 7.4 percent at constant exchange rates, driven by strong performances from the direct-to-consumer channel and the Zegna brand. Regarding individual channels, direct-to-consumer (D2C) grew by 7.8...

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John Lewis sued by Brent Cross landlords over click-and-collect service

The landlord of London shopping centre Brent Cross is suing John Lewis for a share of its click-and-collect sales, claiming that the department store should pay for online sales collected in-store. In a joint filing with the High Court, Hammerson and former landlord Standard Life Investments have requested clarification on whether sales made via...

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Showroomprivé in the red in 2025 as sales continue to decline

Paris - Showroomprivé (SRP Groupe) announced on Wednesday a net loss of approximately 31 million euros (36.20 million dollars) and a 13 percent drop in its turnover for 2025. Its sales continue to decline in early 2026. The flash sales player therefore remains in the red after a net loss of 133 million euros in 2024. In 2025, its turnover...

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Amazon exceeds expectations, boosted by AI and Anthropic

New York - Amazon reported better-than-expected results for the first quarter, driven primarily by its cloud computing subsidiary, Amazon Web Services (AWS). The division continues to benefit from the appetite for artificial intelligence (AI). The Seattle-based group also saw its profit soar following a revision of the book value of its stake in...

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Puma improves profit despite revenue decline as inventory reduction progresses

Sportswear manufacturer Puma has started the new year with a decline in sales. Performance was impacted by the strong euro and weaker demand in the EMEA region. The company, which is currently undergoing a restructuring, saw its revenue fall by 6.3 percent to almost 1.87 billion euros (2.18 billion dollars), as announced by Puma in...

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Chip Wilson launches proxy contest to restore Lululemon brand focus

The founder and largest active shareholder of Canadian athletic apparel brand Lululemon, Chip Wilson, has issued an open letter to shareholders calling for a significant overhaul of the board of directors. Wilson has nominated three independent directors to be elected at the 2026 annual meeting of shareholders. The timing of this proxy contest...

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Ebay records strong Q1 following Depop acquisition agreement

US-based e-commerce platform Ebay has reported strong financial results for the first quarter ended March 31, 2026. The company saw gross merchandise volume (GMV) reach 22.20 billion dollars, representing an 18 percent increase on an as-reported basis and a 14 percent rise on a foreign exchange (FX) neutral basis. Revenue for the period climbed...

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Yoox CEO on how the platform is shifting luxury from aspiration to participation

Yoox chose Milan Design Week to present an immersive installation created in collaboration with Viennese digital artist Keta Bart. The project combines experiential design, digital art and artificial intelligence. It reinterprets one of fashion's most intimate rituals, entering and staying in the fitting room, transforming it into an opportunity...

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VF Corporation CEO outlines strategy for brand revival and AI integration

In a Keynote Interview at the World Retail Congress (WRC), Bracken Darrell, CEO of VF Corporation, detailed the strategic levers currently being pulled to return the global apparel giant to sustainable growth. Speaking on the final day of the summit in Berlin, Darrell emphasised that while financial metrics like revenue growth remain the...

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Reimaging brand ownership: How Authentic Brands powers hertiage through digital experience

In the session 'Beyond Retail: The Operating System for Modern Brands' during the World Retail Congress 2026 on Berlin, Henry Stupp, president of EMEA and India at Authentic Brands Group, detailed a strategic blueprint for transforming heritage labels into modern, scalable platforms. Addressing a room of global retail leaders, Stupp argued that...

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Shein partners with THG Fulfil to boost UK marketplace offering

Shein has expanded its UK marketplace capabilities through a new partnership with THG Fulfil, aimed at improving services for local brands and retailers. The update looks to introduce a more integrated system for UK sellers using the Shein Marketplace, which launched in the region in 2024. The platform allows brands to list products and access a...

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Armani Group's 2025 results: sales decline, profitability improves

The Armani Group closed 2025 with an organic decline in net sales of 2.8 percent (-4.6 percent in euros at current exchange rates), amounting to 2.19 billion euros (2.56 billion dollars), and an improvement in operating profitability (EBITDA +3 percent, EBIT +2 percent). The company estimates over 6 billion euros in retail value of Armani...