Articles by Jan Schroder
Uniqlo parent Fast Retailing increases half-year sales and profit
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Thanks to the strong international business of its Uniqlo clothing chain, the Japanese retail group Fast Retailing Co. Ltd. was able to close the first half of the 2023/24 financial year with solid growth in sales and earnings. In light of the latest figures, the company raised its profit forecast for the full year on Thursday. However, the...
Levi Strauss exceeds expectations in Q1 despite declining sales
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US clothing supplier Levi Strauss & Co. suffered a drop in sales and red figures in the first quarter of the 2023/24 financial year. Nevertheless, the results published on Wednesday evening exceeded market expectations. In response, the company raised its profit forecast. Over the three months prior to 25 February, turnover amounted to just...
Lululemon suffers share price slide despite strong annual results
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Canadian sportswear provider Lululemon Athletica Inc. exceeded market expectations in the 2023/24 financial year. However, the outlook for the current year, which the company presented on Thursday evening together with the latest results, was rather cautious. As a result, the share price temporarily slipped by around 12 percent. Thanks to a...
Despite small sales increase, Nike profits fall in the third quarter
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US sporting goods supplier Nike Inc. reported mixed figures for the third quarter of the 2023/24 financial year, though results were at least slightly better than analysts had expected in advance. In a conference call, CEO John Donahoe admitted that the latest figures were in line with management's forecasts, but not with Nike's potential. He...
Guess surprises with strong sales and profit growth
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Thanks to a strong final quarter, the US fashion group Guess Inc. was able to exceed market expectations in the 2023/24 financial year. On Wednesday evening, the company also announced the prospect of double-digit sales growth for the current year. In the past financial year, which ended on 3 February, group sales reached 2.78 billion dollars....
Gildan negotiates with takeover candidates, activist investor contends
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The Canadian textile group Gildan Activewear Inc. confirmed on Tuesday evening that it has received a takeover bid. The parent company of the American Apparel brand, which recently caused a stir due to a controversial change in management, was responding to corresponding media reports, which had alleged the prospective buyer is the financial...
Prada Group increases annual profit by 44 percent
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The Italian fashion group Prada SpA can look back on another successful financial year thanks to the unbroken popularity of its Prada and Miu Miu brands. On Thursday, the company announced that it was also able to achieve significant growth in sales and earnings during 2023. Accordingly, the Prada Group's consolidated turnover last year totalled...
Puig reports third record year in a row
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The Spanish fashion and cosmetics group Puig has remained on course for growth in the 2023 financial year. On Thursday, the parent company of brands such as Carolina Herrera, Nina Ricci, Paco Rabanne, Jean Paul Gaultier and Dries Van Noten reported significant increases in turnover and profit. The company, which according to press reports is...
Larger space, new concept: On celebrates its new opening in Portland
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The Swiss sporting goods supplier On Holding AG is continuing its international expansion with the opening of a new store in Portland in the US state of Oregon. From Saturday, the company will be offering its latest shoe models as well as clothing and accessories in a space of around 316 square metres. On presents its new in-store fitting...
Dr Martens: Quarterly sales fall by 21 percent
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British footwear supplier Dr Martens Plc suffered a significant drop in sales in the third quarter of the 2023/24 financial year, not least due to weak business in the US and in wholesale. This was revealed in an interim statement published by the company on Thursday. According to the statement, sales in the period from October to December...