Articles by DPA
EU Environment Agency: Europeans are buying more clothes than ever before
People in the European Union are consuming more clothing, shoes, and other textiles than ever before. This is what the European Environment Agency (EEA) says in a new report, which it plans to officially present on Wednesday. According to the report, in the most recent comparison year, 2022, EU citizens bought an estimated average of 19...
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Zalando secures more than 90 percent of About You, squeeze-out planned
Online retailer Zalando is close to completing the takeover of its competitor About You. The Berlin-based company has secured more than 90 percent of About You's share capital, as it announced on Friday. Shares held by About You itself are not included in this figure. As soon as the purchase of the shares has been completed following approval by...
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Trump partially suspends tariffs against Mexico and Canada
US President Donald Trump has backtracked somewhat in the trade conflict with Canada and Mexico. The Republican partially suspended tariffs on goods from the two neighboring countries - at least for the time being. All imports from Mexico and Canada that fall under the North American Free Trade Agreement (USMCA) will therefore not be subject to...
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Target collaborates with Champion to offer activewear
Target Corp. (TGT), Wednesday announced a strategic partnership with sportswear brand Champion to offer a unique line of high-quality, stylish activewear and sporting goods for adults and kids. The line, with most items under $40, will be available in Target stores and on its website from August. In the pre-market hours, Target's stock is...
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Walmart forecasts slower growth for 2025/26
Walmart adopts cautious outlook for 2025/26 amid anticipated growth moderation. Walmart, the world's largest retailer, is entering the new financial year with a measured outlook. The company, headquartered in Bentonville, Arkansas, announced on Thursday that growth is expected to slow slightly. For the financial year 2025/2026, which ends in...
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Eyewear group EssilorLuxottica increases sales and profit
Eyewear giant EssilorLuxottica exceeded expectations for operating profit last year. Adjusted operating margin, excluding non-recurring items, increased by 0.5 percentage points to 17 percent, the Franco-Italian company announced Wednesday in Charenton-le-Pont. Analysts had, on average, anticipated slightly lower figures. The group, which owns...
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Nordstrom Rack is set to open a new store in Colorado
Nordstrom, Inc. (JWN), an American luxury department store chain, Friday announced that it will open a new Nordstrom Rack store in Longmont, CO, in fall 2025. This expansion is part of the company's efforts to grow its presence in the region. The new 28,000 sq. ft. Nordstrom Rack will be situated in Harvest Junction, a popular shopping center in...
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Boho chic to minimalism: The new trends in women's fashion
The new fashion season is upon us, bringing with it a vast spectrum of styles and trends. Colors, shapes, and materials invite experimentation. Feeling inspired? Here are expert tips on the runway highlights – and how you can update your wardrobe this spring and summer. What's trending in women's fashion this season? This season, diversity takes...
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EU investigates Shein for possible consumer law violations
The European Commission is investigating Chinese online retailer Shein for possible violations of European consumer law. The Commission is investigating whether the online platform Shein is taking sufficient steps to prevent consumers from being harmed by unfair or misleading terms. The investigation is being carried out by national consumer...
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EU prepares for possible trade war with the US
The EU is preparing for a possible trade war with the US. Following US President Donald Trump's announcement of new tariffs on imports from Mexico, Canada and China, European heads of state and government expressed their determination at a summit in Brussels not to simply accept similar decisions against the EU. As a strong economic area, one...
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