荐Burberry reports decline in Q1 FY26 results
Burberry reported a 6% drop in retail revenue for the first quarter of its 2026 financial year, as currency headwinds and ongoing macroeconomic uncertainty weighed on performance.
荐Coats Group acquires OrthoLite
The UK-based manufacturer of industrial threads for the apparel and footwear industries is set to acquire the insole manufacturer OrthoLite for an initial enterprise value of 770 million USD
荐Credit: Stella Luna Stella International reports growth for Q2
Footwear manufacturer Stella International Holdings has reported a 4.1% year-on-year increase in shipment volumes for the second quarter, reaching 15.4 million pairs.
荐US and Indonesia reach tariff deal
Both the US President Donald Trump and the Indonesian President Prabowo Subianto said that the tariffs faced by the Southeast Asian country would be reduced from 32% to 19%
荐Uniqlo parent company reports strong nine-month performance
The Japan-based fashion retailer Fast Retailing has reported a strong performance over the first nine months of its fiscal year, reiterating its outlook for the full year
荐Amazon reaches robot milestone, debuts new generative AI model
The US-based e-commerce giant has announced that it has deployed its one millionth robot and that its entire fleet will be powered by a newly launched generative AI model
荐Allbirds signs three new distribution agreements
As part of its strategy to achieve long-term, scalable growth in overseas markets, the US-based footwear brand has signed three new distribution agreements covering several countries in the Eurasian region
荐Converse set to welcome new President and CEO
Jared Carver, the current CEO and President of the Converse brand, is expected to step down. Nike veteran Aaron Cain is allegedly set to take on the leadership role
荐Gerry Weber closes all its stores, sells trademark rights
The German fashion retailer is closing all its stores in Germany and Europe while selling its trademark rights to Spanish retailer Victrix. This follows its third insolvency in a few years
荐Dr. Martens kicks off the year in line with expectations
In its latest trading update, the UK-based footwear company reiterated its guidance for the full year 2026, with performance from the start of the year remaining in line with expectations
荐Leder & Schuh reports moderate growth in 2024
The Austrian footwear retailer reported a moderate year-on-year sales growth of 1.1% in 2024. This was driven by store expansion, a new private label launch, and product range optimisation
荐adidas confirms data breach following cyberattack
The German sportswear giant was the victim of a cyberattack targeting its customers’ personal information. However, their credit card or other payment-related data was not accessed
ISA Next-Gen Materials announces passing of VP Dr Reiner Hengstmann
ISA Next-Gen Materials has confirmed the passing of Dr Reiner Hengstmann, Vice President of Additional Materials, on June 27, 2025.
荐Primark plans significant workforce cuts
The international retailer plans to reduce staff in key support functions, impacting about 7% of Dublin HQ jobs, as it restructures to maintain competitive pricing and invest in overseas markets
荐Nike reports decline in sales and profit for fiscal 2025
Nike has reported a significant decline in both sales and profit for the fourth quarter and full fiscal year ending May 31, 2025.