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Urban Outfitters records Q1 net sales of 1.48 billion dollars

US lifestyle products and services company Urban Outfitters, Inc. has announced that the total company net sales for the period increased 11.4 percent to 1.48 billion dollars. Net income reached a record 115.7 million dollars, with earnings per diluted share standing at 1.30 dollars. Total retail segment net sales increased 8 percent, with...

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TJX reports strong Q1 results exceeding expectations

Off-price apparel and home fashions retailer the TJX Companies (TJX), which is based in the US, has announced financial results for the first quarter of fiscal year 2027 ended May 2, 2026, delivering growth that exceeded internal plans. The corporate group reported a 9 percent increase in net sales to 14.32 billion dollars in the first quarter...

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Pepco Group's H1 results: revenue up 5 percent, profit after tax jumps 52.3 percent

Pepco Group N.V., which is based in the Netherlands, has reported its unaudited interim results for the six-month period ended March 31, 2026, revealing substantial profit growth and an expansion of its retail footprint. The pan-European variety discount retailer delivered revenue of 2.47 billion euros (2.87 billion dollars), representing a...

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Matt Maddox promoted to president and CEO of Authentic

US brand development and entertainment platform Authentic Brands Group (Authentic) has announced a significant evolution of its leadership structure as the company enters its next phase of corporate growth. Founder Jamie Salter has transitioned from chief executive officer to executive chairman. Matt Maddox has been promoted to the role of...

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US footwear group Caleres appoints Dan Karpel as chief financial officer

US footwear portfolio Caleres has announced the appointment of Dan Karpel as senior vice president and chief financial officer, effective immediately. Karpel will serve as the principal financial officer and principal accounting officer for the company. Dan Karpel named CFO effective immediately Karpel rejoined the US-based firm as chief...

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Targeted turnaround: Saucony's EMEA VP on leveraging heritage for modern growth

Europe is currently experiencing a significant and enduring surge in running, fueled by factors like the post-pandemic focus on health, the emergence of Gen Z, and the increasing popularity of social run clubs. This robust trend offers an opportunity for brands with a heritage rooted in running. However, to harness this resurgence in a...

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How AI can support fashion companies

The modern fashion industry operates under constant strain, where traditional forecasting models frequently clash with unpredictable market realities. Siloed workflows, fragmented planning systems and a heavy reliance on manual processes mean that crucial information is often trapped in disconnected spreadsheets, tech packs and erratic...

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Pronovias enters administration for its sale to Cap Capital

Madrid – The pre-arranged steps for the swift acquisition of Pronovias by Cap Capital continue to be strictly followed. The leading global company in the bridal fashion sector has now been placed into administration. This is part of the “pre-pack” administration process that will conclude with its sale to the British investment group. According...

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Target posts stronger than expected Q1 results

US retailer Target Corporation reported its financial results for the first quarter of 2026, revealing earnings that exceeded initial marketplace expectations. The company posted first quarter GAAP and adjusted earnings per share, also known as EPS, of 1.71 dollars on a diluted basis. This compares with a prior-year GAAP EPS of 2.27 dollars and...

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VF Corporation returns to revenue growth in fiscal year 2026

The US-based apparel company VF Corporation reported financial results for its fourth quarter ended March 28, 2026, marking a return to full-year revenue growth alongside expanded margins and reduced debt. The company's board of directors authorized a quarterly per share dividend of 0.09 dollars, payable on June 18, 2026, to shareholders of...

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DSSLR, founded by Puma founder's grandson, initiates insolvency proceedings

DSSLR GmbH, the company founded by Christoph Dassler, has filed for insolvency. Preliminary insolvency proceedings were initiated last week for the Herzogenaurach-based sportswear brand. The responsible Nuremberg District Court announced the proceedings. Jochen Zaremba, a lawyer from the Nuremberg-based restructuring firm Schwartz, has been...

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Fashion

Eco Age calls for brands to label "forever chemicals" on clothing

Eco Age, the sustainable fashion platform and communications agency, is calling on UK and EU regulators to pass legislation to ensure that PFAS, per- and polyfluoroalkyl substances, commonly known as “forever chemicals,” are labelled on clothing and textile products on physical hang tags and on digital product listings. As PFAS regulation...