By Reuters Published Aug 8, 2024 The summer Olympics is turning out to be a rare win for Nike as the global sporting event has helped boost demand for the sportswear giant’s new launches and edge out competition, website searches from research firm Similarweb showed. Reuters In the opening week of the Olympics, from July [...]read moreNike sees gold rush with summer Olympics driven website visits, sales
By Reuters Published Jul 31, 2024 Adidas expects soccer’s increasing appeal among consumers globally to be a trend that lasts into 2025, after sales of its jerseys in connection to this year’s soccer tournaments surpassed its expectations. Sportswear brands like Adidas, Puma and their U.S. rival Nike are betting on more consumers engaging with sports [...]read moreAdidas sees soccer trend lasting into 2025
Unibail-Rodamco-Westfield (URW) — the French property giant that owns the Westfield shopping centre portfolio — has reported its first-half results with the company talking of a “strong performance”. Westfield London This was supported by “increased tenant sales and footfall, dynamic leasing activity for retail… and Retail Media revenues up 24.7% with Westfield Rise on track [...]read moreWestfield owner URW sees rising tenant sales in H1
By Bloomberg Published Jul 27, 2024 Billionaire Kumar Mangalam Birla expects the consumer business of his $65 billion metals-to-fashion conglomerate growing to $25 billion in the next five years as he starts selling gold jewelry in the world’s second-biggest bullion market. Bloomberg “Around 20% of our Group’s revenue today comes from consumer businesses,” Birla, chairman [...]read moreBillionaire Birla sees his consumer business growing to $25 billion in next 5 years
Translated by Roberta HERRERA Published Jul 29, 2024 After a slowdown in 2023, Lectra, the French specialist in fashion industry solutions, has returned to growth in the first half of 2024. The period saw a 9% increase in revenue, reaching €262.3 million. Lectra During this time, EBITDA also grew by 20%, amounting to €42.2 million, [...]read moreLectra sees 9% revenue growth in first half of 2024
Radley+Co Limited, the company that owns the Radley London label, has reported its results for the 53 weeks to the end of April last year. Looking at the headline figures for the parent company, it said that its sales performance of £77.3 million was up 2.1% with growth driven by the US (up 12%), although [...]read moreRadley sees good growth in US despite webstore issues denting UK sales
Jeff Banks has been ousted from the board of Vivienne Westwood in a high-level ‘coup’ that has seen him on the opposite side of a tussle for control with her husband/Westwood creative director Andreas Kronthaler and the firm’s CEO Carlo D’Amario. See catwalkVivienne Westwood – Spring-Summer2018 – Womenswear – France – Paris – ©Launchmetrics/spotlight Banks [...]read moreVivienne Westwood boardroom upheaval sees Jeff banks exit
Digital retail giant Amazon is facing demonstrations in a dispute over workers’ rights and the support of unionisation at its warehouses across the UK this week. Shutterstock Demonstrations are happening in various locations across England, Wales, and Scotland. They coincide with workers at Amazon’s Coventry warehouse casting the first votes this week to force Amazon [...]read moreAmazon sees UK warehouse, London HQ protests as unionisation ballot goes ahead
Decathlon’s UK business was loss-making last year with the French retailer losing £2 million. That came as the market backdrop was tough and it pumped £10 million into various initiatives to transform its business. DECATHLON The performance was as expected with revenue down 5% and comparable store sales down a narrower 2.5%. It didn’t give [...]read moreDecathlon UK is loss-making in tough market, but sees market share gains
LPP, the Polish fashion retail giant that owns Reserved and Sinsay, has released its Q1 results. And the company hailed a “very good” three months that generated over PLN4.3 billion (€982m/£826m/$1bn) in revenue, double-digit sales growth and “record operating profit”. LPP/Reserved It said the positive reception to its spring collections by customers led to that [...]read moreLPP sees strong Q1, Reserved and Sinsay owner predicts more of the same