Articles by DPA
Hugo Boss profits rise on cost savings, but forecasts revenue decline
Fashion group Hugo Boss felt the effects of the weak economic climate last year, reporting slightly lower revenue. However, profits increased thanks to cost savings. For the current year, the company remains cautious. As announced in December, management continues to expect a currency-adjusted revenue decline in the mid to high single-digit...
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Frasers Group influence: Hugo Boss cuts dividends, initiates buyback
Fashion group Hugo Boss is cutting its direct distributions to shareholders to the legal minimum. Shareholders are to receive four cents per share for the past year, the company announced in Metzingen on Monday. For the previous year, they had received 1.40 euros per share. Meanwhile, Hugo Boss intends to buy back its own shares worth up to 200...
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US retail sales decline
US retail sales weakened at the start of the year. They fell by 0.2 percent month-on-month in January, as the Department of Commerce announced in Washington on Friday. The retail sector is of great importance to the US economy. Economists had, on average, anticipated a slightly stronger sales decline of 0.3 percent. In the previous month,...
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Greenpeace accuses Shein of selling contaminated products in EU
The environmental organisation Greenpeace has accused Chinese fashion retailer Shein of continuing to sell harmful products in the EU despite warnings. “Shein's audacity is shocking. The company promises to protect consumers before the EU Parliament, yet in reality, it continues to sell heavily contaminated products,” said Moritz Jäger-Roschko,...
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Frasers Group secures almost 6 percent stake in Puma
Investors snapped up shares in Adidas and Puma on Thursday. With share price gains of 4.1 percent and 6.9 percent, the two sportswear manufacturers led the list of gainers on the Dax and MDax respectively. A transaction by British billionaire and investor Michael Ashley provided a boost for Puma. Specifically, it involves the sale of financial...
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Adidas to increase sales by two billion euros and extends contract with CEO Bjørn Gulden
Sportswear manufacturer Adidas considers itself well-positioned for the coming years, despite economic and geopolitical turbulence. The company is aiming for further growth in sales and profit by 2028, as it announced on Wednesday in Herzogenaurach. In the current year, currency-neutral sales are expected to increase in the high single-digit...
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EU-Mercosur trade deal to take effect despite legal hurdles
The free trade agreement between the EU and the South American Mercosur bloc will soon move into provisional application, despite an ongoing review by the European Court of Justice (ECJ). European Commission President Ursula von der Leyen announced the move in Brussels following ratification by Uruguay and Argentina on Thursday. Provisional...
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EU parliament halts implementation of customs deal with US
The European Parliament has formally suspended the implementation of the customs agreement between the US and the EU. The background to this is the new tariffs announced by US President Donald Trump, according to the chairman of the trade committee, Bernd Lange (SPD). “We want a clear assurance from the United States that they will adhere to the...
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Trump's tariff defeat, new tariffs: EU assesses consequences
Following the US Supreme Court's decision against president Donald Trump's tariff policy, the EU and other countries are attempting to assess the precise consequences for the global economy. A special session of the legal service and the negotiating team, which was responsible for a customs agreement between the US and the EU, is scheduled for...
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JD Sports Fashion to repurchase 200 million pounds of shares
JD Sports Fashion PLC said on Monday that it plans to return 200 million pounds of capital to shareholders through share buybacks in fiscal 2027. Under the first tranche, the share repurchase drive will commence immediately to repurchase up to 100 million pounds of shares. This repurchase is expected to be completed before July 31. Thereafter,...
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