Articles by DPA
Shares in focus: Adidas and Puma defy Nike's influence amid supportive market environment
On Wednesday, shares in Adidas and Puma defied the disappointing outlook from US competitor Nike. While Nike's stock slumped by 10.5 percent to 47.25 dollars in pre-market US trading, the shares of the two German sportswear manufacturers recovered in a very strong overall market. In the Dax, however, Adidas shares rose by a below-average 0.6...
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One year of 'Liberation Day': where Trump's tariff plans stand today
When Donald Trump issued an invitation to the White House Rose Garden exactly one year ago, it was already clear to many that something significant was coming. The topic was to be tariffs, “unfair trade” and the American economy. The US president celebrated it as “Liberation Day”. In Germany, the EU and other parts of the world, however, his...
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EU delegation: China must control its goods exports more strictly
During their first visit in eight years, MEPs in China have demanded greater control over the export of Chinese goods. “We have repeatedly stated that it is important for exports to be more strictly controlled by the Chinese side,” said Anna Cavazzini (Greens), chair of the European Parliament's internal market committee, in Beijing. She added...
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Discounter Kik to close around 300 stores and appoints Ulrich Hanfeld as CEO
Textile and homeware discounter Kik is closing hundreds of stores this year. Chief financial officer Christian Kümmel announced this in an interview with the German Press Agency. The number of stores in Europe will fall by approximately 225 to just over 4,000 by the end of 2026, with a reduction of 135 to around 2,200 in Germany. Across Europe,...
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Hugo Boss profits rise on cost savings, but forecasts revenue decline
Fashion group Hugo Boss felt the effects of the weak economic climate last year, reporting slightly lower revenue. However, profits increased thanks to cost savings. For the current year, the company remains cautious. As announced in December, management continues to expect a currency-adjusted revenue decline in the mid to high single-digit...
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Frasers Group influence: Hugo Boss cuts dividends, initiates buyback
Fashion group Hugo Boss is cutting its direct distributions to shareholders to the legal minimum. Shareholders are to receive four cents per share for the past year, the company announced in Metzingen on Monday. For the previous year, they had received 1.40 euros per share. Meanwhile, Hugo Boss intends to buy back its own shares worth up to 200...
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US retail sales decline
US retail sales weakened at the start of the year. They fell by 0.2 percent month-on-month in January, as the Department of Commerce announced in Washington on Friday. The retail sector is of great importance to the US economy. Economists had, on average, anticipated a slightly stronger sales decline of 0.3 percent. In the previous month,...
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Greenpeace accuses Shein of selling contaminated products in EU
The environmental organisation Greenpeace has accused Chinese fashion retailer Shein of continuing to sell harmful products in the EU despite warnings. “Shein's audacity is shocking. The company promises to protect consumers before the EU Parliament, yet in reality, it continues to sell heavily contaminated products,” said Moritz Jäger-Roschko,...
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Frasers Group secures almost 6 percent stake in Puma
Investors snapped up shares in Adidas and Puma on Thursday. With share price gains of 4.1 percent and 6.9 percent, the two sportswear manufacturers led the list of gainers on the Dax and MDax respectively. A transaction by British billionaire and investor Michael Ashley provided a boost for Puma. Specifically, it involves the sale of financial...
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Adidas to increase sales by two billion euros and extends contract with CEO Bjørn Gulden
Sportswear manufacturer Adidas considers itself well-positioned for the coming years, despite economic and geopolitical turbulence. The company is aiming for further growth in sales and profit by 2028, as it announced on Wednesday in Herzogenaurach. In the current year, currency-neutral sales are expected to increase in the high single-digit...
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