Latest Articles in Business

Mexico seeks compensation from Adidas in cultural appropriation row

Mexico's government said Friday it was seeking compensation from Adidas, which is accused of cultural appropriation for bringing out sandals resembling traditional design from the southern state of Oaxaca. The Oaxaca Slip-On sandals were created by US fashion designer Willy Chavarria, who has Mexican heritage, but drew pushback from officials in...

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US fashion industry faces historic price surge following reciprocal tariffs

The retail landscape in the United States underwent a dramatic shift on August 7 as the most comprehensive tariff increases since the 1930s took effect. Thursday saw the reciprocal tariffs come into effect under the Trump administration after months of delays, with most imports into the country being hit with a baseline 10 percent duty. But with...

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River Island rescue plan gets court approval, what now?

River Island has secured the much-needed green light from the High Court for its rescue plan, allowing it to move forward with proposed store closures and begin the search for fresh funding. With the court’s backing, the retailer now has the go-ahead to close 33 UK stores and cut rents across an additional 71. From landlords, it will also...

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Under Armour shows improvement in operating results

Under Armour, Inc. started its financial year with a slight 4 percent drop in revenue. The US company also reported a net loss in the first quarter. Revenue amounted to 1.1 billion dollars. The EMEA region was the only region where the company did not experience a decline in revenue. Here, revenue increased by 10 percent. The company announced a...

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Skechers: Why a sneaker brand without cult status is worth 9.4 billion dollars

If the announced sale of the US sneaker brand Skechers does indeed go through in the third quarter of this year, this deal will go down in history as the largest transaction to date in the sneaker market. Why is Skechers so interesting? Not 'cool', but the third largest sneaker brand in the world First things first: with global annual revenue of...

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Crocs share price plummets 30 percent after reporting operating loss

Footwear group Crocs, Inc. has seen its share price fall significantly after publishing its second-quarter results. The group was forced to report a swing from profit to loss. Share price subsequently fell by 30 percent on the Nasdaq compared to the previous day. Crocs, Inc. reported an operating loss of 428 million dollars on Thursday. This...

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President of Max Pawn Luxury talks pre-owned: "The younger generation has a more discerning eye"

Far from being a passing trend, second-hand is becoming a permanent fixture in consumer habits across the world. An increasing number of shoppers are taking up circular shopping habits, confirming the lasting integration of the pre-loved market in consumer preferences. With over 40 years of experience in the luxury resale sector, Michael Mack,...

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Allbirds Q2 net revenue down 23.1 percent, manages to reduce net loss

Allbirds, Inc. has reported its financial results for the second quarter of 2025, with CEO Joe Vernachio stating that the company is on a path to "reigniting the Allbirds brand." The company's net revenue for the quarter was 39.7 million dollars, a 23.1 percent decrease year-over-year, which was at the high end of its guidance range. This...

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The RealReal posts improved sales and profitability and raises outlook

The RealReal, Inc., online marketplace for authenticated resale luxury goods, has reported a "breakout performance" in its second quarter, with both gross merchandise value (GMV) and total revenue increasing by 14 percent year-over-year. The company's GMV reached 504 million dollars and total revenue hit 165 million dollars for the quarter ended...

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Blanche Copenhagen faces closure after insolvency

Danish womenswear brand Blanche Copenhagen appears to be on the brink of closure. After the company had to file for insolvency in June, the journey has come to an end for Bjørn Krøyer. Krøyer joined as an investor two years ago and then took over the management of the company. The CEO announced the closure on Thursday on the career network...

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Alpargatas Q2 2025: Havaianas revenue up 8 percent despite volume decrease

Alpargatas, the parent company of the Havaianas brand, has announced its second-quarter 2025 financial results, highlighting a period of strategic transition and profitability growth. The company reported that total volume sold reached 49 million pairs, a 6 percent decrease year-over-year, which was a planned result of a sell-in pull-forward...

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Crocs reports operating loss of 428 million dollars

Crocs, Inc. reported a substantial decline in operating profit for the second quarter of its financial year. The company swung from a profit of 326 million dollars to a loss of 428 million dollars. This represents a decrease of 231.2 percent. In the quarterly report, Crocs, Inc. CEO, Andrew Rees, explained the figures. Due to uncertain and...