Latest Articles in Business

Ross Stores Q2 revenue jumps 13 percent driven by customer traffic

American off-price retailer Ross Stores has posted its financial results for the 13-week quarter ended August 1, 2026, reporting revenue growth driven by customer foot traffic and tariff refunds. Sales for the second quarter increased 13 percent to 6.3 billion dollars, compared to 5.5 billion dollars in 2025. Comparable store sales rose 10...

FeaturedMember

Business

Federal judge approves New Jersey's 2.5 billion dollar PFAS settlements with DuPont & 3M

A federal judge has approved two settlements valued at approximately 2.5 billion dollars between the state of New Jersey and chemical manufacturers DuPont and 3M, resolving years of litigation over contamination from per- and polyfluoroalkyl substances (PFAS), also known as "forever chemicals." The agreement with DuPont, valued at over 2 billion...

Member

Business

Bidding war for Brava Fabrics: “The deal is attracting international buyers”

Madrid – The Barcelona-based fashion firm Brava Fabrics has been in voluntary administration since June 25. A bidding war has now opened for the insolvency process. This phase is expected to conclude on September 15 with the fully operational company being handed over to a new owner. The digital platform Kentra is working towards this timeline...

Member

Business

Cato Fashions reports sharp decline in second quarter net income

US retailer The Cato Corporation (Cato) has reported net income of 1.1 million dollars, or 0.06 dollars per diluted share, for the second quarter ended August 1, 2026 compared to net income of 6.8 million dollars, or 0.35 dollars per diluted share, for the second quarter ended August 2, 2025. Sales for the second quarter were 163.9 million...

Member

Business

Online clothing retailer Boohoo fined 2.33 million euros

Paris - British online clothing chain Boohoo has been fined 2.33 million euros. The fine follows an investigation that revealed “deceptive commercial practices”, the French fraud authority announced on Thursday. The fine was for “deceptive commercial practices and non-compliance on product labelling”. It was proposed to the company with the...

Member

Business

Authentic expands European marketplace access with Luzern partnership

US brand management firm Authentic Brands Group has expanded its strategic partnership with Luzern eCommerce, giving the group’s brand portfolio access to marketplace and retail media services across Europe. The agreement builds on Luzern’s work with the operating partners of Authentic-owned Reebok over the past year and will extend its...

Member

Business

M&Co reportedly owed 46 million pounds before collapse

High street retailer M&Co is revealed to have owed unsecured creditors over 46 million pounds at the time of its collapse, with 1,800 jobs also reportedly lost. The Scottish company appointed administrators towards the end of 2022, two years after it had previously collapsed during the pandemic. At the beginning of 2023, its 170 stores were...

Member

Business

Radley London’s website shutters, stores reportedly prepare to close

The website of Radley London has shuttered months after the British accessory brand entered administration and was rescued by Gordon Brothers in a pre-pack deal. New reports now suggest that the label’s stores are also due to close. According to Retail Week, all of Radley’s 21 stores are expected to close by the end of August, with 42 jobs to be...

Member

Business

JD Sports lowers profit forecast amid challenging Q2 trading

UK-based retail group JD Sports Fashion (JD Group) has revised its full-year profit guidance downward following a challenging second quarter. The group now anticipates profit before tax and adjusting items of between 700 million pounds and 800 million pounds (953 to 1,089 million dollars) for the fiscal year 2027, compared to the previously...

FeaturedMember

Business

TJX exceeds Q2 sales forecasts with 4 percent comp sales growth

US off-price retailer The TJX Companies (TJX) has reported net sales of 15.18 billion dollars for the second quarter ended August 1, 2026, representing a 5 percent increase compared to the same period in the prior year. Consolidated comparable sales, or comp sales, grew 4 percent, exceeding company forecasts. Net income for the quarter reached...

FeaturedMember

Business

Sourcing at the gateway to South America: Colombia’s textile nearshoring advantage

Colombia’s textile and garment sector is a critical pillar of its industrial economy. Combining over a century of manufacturing heritage with modern technical capabilities, the country has carved out a distinct niche in value-added fashion and specialty apparel. Its strategic proximity to North America and favourable trade mechanisms make...

Member

Business

Azzas 2154 reports Q2 drop in revenue and profit

Last week, Brazilian holding company Azzas 2154 presented its results for the second quarter of 2026. Gross revenue fell by 7.1 percent to 3.4 billion reais (656.5 million dollars) compared to the second quarter of last year. This was “mainly impacted by a 13.6 percent drop in sell-in channels.” Gross profit, at 1.5 billion reais, saw a 5.9...