profits news and archive

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...

Fashion

Ralph Lauren and Macy's beat downturn

Two of America's largest fashion conglomerates, Ralph Lauren and Macy's, reported a rise in sales and profits in the 3rd quarter. American shoppers, it appears, are optimistic despite the global downturn. Ralph Lauren, according to the Financial Times, forecast that revenues would grow slowly in the Christmas quarter as it reported sales up 24...

Design

Inditex reports larger than expected profit

Inditex SA, the world's largest clothing retailer has reported profits that beat all estimates. The company which owns high street chain Zara also includes Pull and Bear, Berschka, Uterque, Massimo Dutti, Oysho, and Stradivarius. The report will undoubtly fuel expansion both in stores and online and comes on the back of the newly launched and...