Articles by Jan Schroder
New opening in The Hague: Birkenstock expands in the Netherlands
German footwear brand Birkenstock expanded its presence in the Netherlands. On Tuesday, June 10, 2024, the company announced the opening of a new store in The Hague. This is the heritage brand’s second shop in the country, following the opening of a store in Amsterdam in December 2023. At the beginning of 2023, the company took over its...
Retail10 Jun 2025
G-III reports ‘solid’ quarterly figures and withdraws earnings forecast
US-based fashion conglomerate G-III Apparel Group Ltd. reported a decline in revenue for the first quarter of its 2025/26 financial year, in line with expectations. However, the group delivered a stronger-than-anticipated rise in profits. Overall, the parent company of brands such as Donna Karan, DKNY, Karl Lagerfeld and Sonia Rykiel exceeded...
BusinessMember6 Jun 2025
Following profit decline in first quarter: Lululemon lowers earnings forecast
Canadian sportswear retailer Lululemon Athletica Inc. recorded solid revenue growth in the first quarter of the 2025/26 financial year, but saw a slight decline in profits. Overall, the results, which the Vancouver-based yoga apparel specialist published on Thursday evening, came as little surprise: they were largely in line with analysts’...
BusinessMember5 Jun 2025
Lascana increases annual revenue by four percent
German clothing retailer Lascana has continued its growth trajectory in the 2024/25 financial year. According to a statement released on Thursday, the company, which is part of the Hamburg-based trading and services group Otto Group, increased its revenue for the tenth year in a row. In the past financial year, the brand generated revenue of 551...
BusinessMember5 Jun 2025
Following ‘security incident’ Victoria’s Secret postpones publication of quarterly figures
Last week, US lingerie retailer Victoria’s Secret & Co. (VS) was forced to temporarily suspend its online business following a ‘security incident affecting its IT systems’. Media reports indicated the company had fallen victim to a hacker attack. On Tuesday, the group provided an initial overview of the consequences of the suspected attack. It...
BusinessFeatured4 Jun 2025
Crocs launches return service in Europe
US footwear brand Crocs Inc. now allows customers in Europe to return worn shoes. Its take-back programme, ‘Old Crocs, New Life’, which was already established in the US, launched on Monday in Austria, France, Germany, the Netherlands, and the UK. In these countries, customers can now return their used Crocs to participating stores and outlets....
BusinessMember3 Jun 2025
Significant revenue increase: Hummel returns to profit in 2024
Danish sportswear supplier Hummel A/S saw a significant increase in its revenue in the 2024 financial year and returned to profitability. This was revealed in the latest figures published by the company last year, December 30, 2024. Accordingly, revenue reached 326 million euros in the past financial year. This represented a nine percent...
BusinessFeatured2 Jun 2025
Capri holdings slides deeper into loss zone in fourth quarter
The US fashion group Capri Holdings Limited also suffered significant sales losses in the fourth quarter of the 2024/25 financial year. In addition, the group reported a significantly higher loss. However, the figures, which the company published on Wednesday, were not quite as bad as analysts had expected in the run-up. The current quarterly...
Business28 May 2025
Despite record sales in first quarter, Abercrombie & Fitch lowers profit forecast
The US clothing company Abercrombie & Fitch Co. was able to significantly increase its sales in the first quarter of the 2025/26 financial year, but had to accept a drop in profits. Although the current figures, which the company presented on Wednesday, exceeded expectations, the management lowered its earnings forecasts for the year as a whole....
BusinessFeaturedMember28 May 2025
Lenzing appoints Georg Kasperkovitz as chief operations officer
Austrian fibre manufacturer Lenzing AG will once again have a four-member executive board. On Monday, the group announced the appointment of Georg Kasperkovitz as chief operating officer (COO). The 58-year-old took up his new position on June 1, and subsequently, together with CEO Rohit Aggarwal, CFO Nico Reiner and Christian Skilich (chief pulp...
People26 May 2025