Latest Articles in Business

Pinterest doubles down on AI with extended Amazon partnership

Pinterest has extended its partnership with Amazon Web Services (AWS) as it doubles down on AI infrastructure. The social media platform has confirmed a four billion dollar commitment to utilise AWS Trainium and Graviton to train and run AI models at scale through 2031. The agreement, described as the largest infrastructure deal in the company’s...

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Business

Torrid's Q1 sales decline, strategic shifts underway

The US-based direct-to-consumer (D2C) apparel, intimates, and accessories brand Torrid Holdings Inc. (Torrid) has announced its financial results for the first quarter of fiscal year 2026, ended May 2, 2026, reporting net sales that surpassed internal projections. Total net sales for the period reached 245.82 million dollars, exceeding company...

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Business

How luxury brands can navigate crisis in the Middle East

The Middle Eastern market is facing significant disruption due to geopolitical tensions, inflation, and a decline in tourism. Experts from CXG are offering advice on crisis management and resilience for luxury brands already present in the Gulf countries or heavily reliant on this clientele. CXG (Customer Experience Group) is a consulting and...

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Business|Interview

Capelli Sport: Amateur football is our bread-and-butter business

The summer of football begins next week with the opening match of the men's World Cup, held in the US, Canada, and Mexico. US sportswear brand Capelli Sport will also be participating, equipping the national team of Cape Verde and distributing licensed products from the Fédération Internationale de Football Association (FIFA). In Europe, the...

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Business

Lululemon updates full-year outlook following domestic slowdown

Canadian athletic apparel brand Lululemon Athletica Inc. (Lululemon) reported its financial results for the first quarter of fiscal year 2026, ended June 4, 2026, revealing steady international growth alongside deceleration in its domestic market. As detailed in the official press release, total net revenue for the period reached 2.47 billion...

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Caleres logs 8.5 percent sales increase in first quarter

US footwear group Caleres has announced its financial results for the first quarter of fiscal year 2026, ended May 2, 2026, posting net sales at the upper end of its guidance and recording growth across its brand segments. Consolidated net sales for the period reached 666.60 million dollars, representing an 8.5 percent increase compared to the...

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Luxury sector seeks solutions amid downturn

Is this the dawn of a new era for luxury? Faced with a marked slowdown over the past three years, the sector is trying to regain momentum by returning to fundamentals, streamlining portfolios and exploring new avenues. Profits are down sharply for LVMH and Kering in 2025, and Burberry reported a net loss for its 2024/2025 financial year. The...

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Victoria’s Secret board nominees receive proxy backing

Victoria’s Secret has said that its nine director nominees have received approval from three independent proxy advisors in the run up to its annual shareholder meeting, to be held on June 11. Institutional Shareholder Services, Glass Lewis & Co and Egan-Jones Proxy Services have all issued recommendations for shareholders to vote ‘for’ the...

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OECD warns of inflation, slow global growth in case of prolonged Middle East conflict

The apparel, footwear and textile industries are bracing for impact as the evolving conflict in the Middle East reshapes the global economic landscape. According to the OECD’s latest “Economic Outlook,” a severe energy shock is driving up inflationary pressures and stifling global growth — factors that directly threaten fashion supply chains,...

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Circular fashion: European market estimated at 100 billion euros by 2030

The European circular fashion market could surpass the 100 billion euro (116 million dollars) mark by 2030. This figure, revealed this Thursday by the Fédération de la mode circulaire (FMC) and KPMG, demonstrates the economic power of a market that was once a niche but is now a priority for companies in the sector. A massive economic impact The...

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Business|In-depth

Record margin and 106 fewer stores: other key takeaways from Inditex's first quarter

Madrid – Following the presentation on Wednesday of Inditex's accounts for the first quarter of 2026, we now look beyond the record-breaking sales and profits. This analysis aims to understand exactly how the company has performed at the start of this financial year. The owner of Zara has begun the new fiscal year with a widespread improvement...

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OTB acquires full ownership of Viktor&Rolf

Italian fashion group OTB (Only the Brave) has acquired the remaining shares it did not already own in Viktor&Rolf. The Dutch fashion house is now fully owned by the Italian group, according to a press release. The financial terms of the deal have not been disclosed. In 2008, the initial deal was signed between Viktor&Rolf and OTB. At that time,...