Articles by Jan Schroder
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
Allbirds finds distribution partner for two further regions
US footwear and apparel provider Allbirds Inc. has further advanced the strategic transformation of its international sales. On Thursday, the company introduced new partners for key markets in southern Europe, as well as in South and Central America. Accordingly, the Spanish trading company Trendy King will in future take over the distribution...
BusinessMember22 May 2025
Retail debut in Cologne: Armedangels opens first own store
Sustainable fashion brand Armedangels is breaking new ground. On Thursday, the label opened its first own store in its hometown of Cologne, Germany. Armedangels explained in a statement that the store at Ehrenstrasse 29 was conceived as a “physical brand platform, design statement and strategic testing ground for the future of the brand”. Chief...
Retail22 May 2025
Ralph Lauren surprises with strong annual results
US fashion group Ralph Lauren Corporation exceeded expectations in the financial year 2024/25, thanks to a strong final quarter. On Thursday, the company reported surprisingly significant increases in sales and earnings. Increases in all market regions drive a 7 percent increase in sales In the most recent financial year, which ended on March...
BusinessFeaturedMember22 May 2025
New loan agreement: Lenzing secures 545 million euros
Austrian fibre manufacturer Lenzing AG has strengthened its financial base. On Thursday, the group announced that it had agreed to new financing through a syndicated loan of 545 million euros. Lenzing stated that this move would strengthen “the company's liquidity reserve with regard to upcoming refinancing”. According to the company, the new...
BusinessMember22 May 2025
TJX starts new financial year with turnover increase
US retail group TJX Companies Inc. increased its turnover again in the first quarter of the 2025/26 financial year. Although profits fell short of the level of the previous year, they exceeded management's forecast. This is according to current figures presented on Wednesday by the off-price specialist, which is represented in Europe by its TK...
BusinessMember22 May 2025
The Platform Group establishes own fulfilment company
The Platform Group AG (TPG), an e-commerce group based in Düsseldorf, expanded its service capacities. On Thursday, the company announced the establishment of TPG Fulfillment GmbH, which will handle logistics for “many of TPG’s partners” in the future. Carsten Heider was appointed as managing director of the company based in Gladbeck. In...
BusinessMember22 May 2025
Thanks to savings programme: Canada goose increases annual profit by 62 percent
Canadian apparel brand Canada Goose Holdings Inc. strongly increased its profit in the financial year 2024/25. However, revenue for the Toronto-based down jacket specialist was only slightly above the previous year's level. In view of the global economic uncertainties, the management decided not to issue any forecasts for the current year....
BusinessFeaturedMember22 May 2025