Articles by Jan Schroder
OVS increases annual sales by six percent
The Italian clothing retailer OVS SpA achieved a solid increase in sales and made progress in operating profit in the 2024/25 financial year. This is according to selected key figures published on Tuesday by the parent company of retail chains such as OVS and Upim as well as clothing brands such as Stefanel. In the last financial year, which...
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Mytheresa reports significant revenue increase and reduced loss
Munich-based luxury fashion retailer Mytheresa achieved double-digit revenue growth in the second quarter of its fiscal year 2024/25. The company also improved its earnings. CEO Michael Kliger expressed strong satisfaction with the latest figures, which the listed parent company MYT Netherlands Parent B.V. presented on Tuesday. "We are very...
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Weak demand in the US and China: Coty reports Q2 sales decline
US-based beauty giant Coty Inc. experienced an unexpected decline in sales during the second quarter of its 2024/25 fiscal year, largely due to softening demand in China and North America. According to a statement released Monday evening, group revenue for the three months ending December 31 totaled 1.67 billion dollars, a 3 percent decrease...
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Ralph Lauren exceeds expectations again in the third quarter and sets itself higher targets
US fashion group Ralph Lauren Corporation once again exceeded expectations in the third quarter of its 2024/25 fiscal year. On Thursday, the company reported surprisingly strong growth in revenue and earnings, raising its full-year guidance once again. In the three months ending December 28, revenue reached 2.14 billion dollars, surpassing the...
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Tapestry exceeds expectations with strong quarterly results, raises outlook
Driven by robust growth at its core brand Coach, US fashion conglomerate Tapestry Inc. delivered surprisingly strong results for the second quarter of fiscal year 2024/25 on Thursday. In light of the positive performance, the company raised its full-year guidance. In the second quarter, ending December 28th, the group achieved revenue of nearly...
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Despite profit decline, Under Armour exceeds expectations in Q3
US sportswear provider Under Armour Inc. exceeded expectations in the third quarter of fiscal 2024/25, despite a significant decline in profits. On Thursday, the company subsequently announced a slightly more optimistic outlook for the full year. In the period from October to December, Under Armour generated revenue of 1.40 billion US dollars....
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S.Oliver Group: Chief marketing officer Mokhtar Benbouazza to Depart
The S.Oliver Group is restructuring its marketing division. On Wednesday, the Rottendorf-based apparel group announced that chief marketing officer (CMO) Mokhtar Benbouazza will leave the company mid-year. Company owner Bernd Freier acknowledged the departing executive, who has led the marketing department since 2023. "Mokhtar was brought in to...
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Capri Holdings Reports Quarterly Loss of $547 Million
As expected, the US fashion group Capri Holdings Limited suffered significant revenue losses in the third quarter of fiscal year 2024/25. Negative one-off effects also resulted in a net loss of more than half a billion US dollars, according to an interim report published by the parent company of the Michael Kors, Versace, and Jimmy Choo brands...
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Despite a drop in sales, H&M increases annual profit by a third
The Swedish clothing group Hennes & Mauritz AB suffered a slight decline in sales in the 2023/24 financial year, but was able to improve its results thanks to successful cost-cutting measures. This is according to the latest annual report, which the parent company of brands such as H&M, Cos, Monki, Weekday, & Other Stories and Arket presented on...
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Danish clothing industry increases exports
Danish clothing suppliers were able to achieve a small increase in exports in 2024. This is according to the latest figures published by the industry association Dansk Mode & Textil (DM&T) on Monday at the start of Copenhagen Fashion Week. According to the figures, the industry's export turnover amounted to 40.9 billion Danish kroner (4.6...
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