Latest articles in Business

Nanushka at 20: Balancing local roots with global expansion

In Hungary, Nanushka has distinguished itself by an ability to transcend global borders. It's a feat achieved through its portrayal of a holistic lifestyle that appeals to metropolitan women in cities like London and New York, who resonate with the brand’s sleek yet functional collections. As Nanushka enters its 20th anniversary year, it aims to...

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Modella Capital reportedly snaps up The Original Factory Shop

Budget retailer The Original Factory Shop (TOFS) may have found its buyer in Modella Capital, a private equity firm which has previously invested in Hobbycraft. This is according to Retail Gazette, which reported that Modella made a “last minute bid” for the discount chain last week. The media outlet stated that Modella swept in after talks...

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Affirm expands into Canada via Shopify, plots UK entry

Payment network Affirm has expanded its partnership with Shopify to enter the Canadian market. Here, akin to its current deal with the e-commerce provider in the US, Affirm will become the exclusive pay-over-time provider with Shop Pay Installments for Shopify merchants in the region. This comes in the form of a renewed multi-year partnership...

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How to use AI safely - tips and tricks

How can AI support customer loyalty? And can it minimise theft in stores? What are good prompts? How safe is AI and what are its limitations? These and other questions were discussed at a dedicated day of talks around artificial intelligence (AI) hosted by the German digital centre for SMEs with a focus retail on 11th February 2025....

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Nike shares rise after announcement of Skims partnership

Since the announcement of NikeSkims, a new sportswear brand aimed at women, Nike (NYSE: NKE) has seen a significant increase in its stock price. Analysts report that the American stock market has responded positively to the collaboration between the sportswear giant and Kim Kardashian's shapewear brand, Skims. Following the announcement, Nike...

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Calida returns to profitability in 2024 and appoints new CEO

Swiss textile group Calida Holding AG felt the effects of subdued consumer sentiment in fiscal year 2024. Nevertheless, the group, which also announced a change in leadership on Friday, spoke of "satisfactory development." “The strategic reorientation of the Calida Group, decided in 2023, shaped the 2024 fiscal year,” said executive chairman,...

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The RealReal exceeds Q4 outlook but 2025 guidance disappoints investors

The RealReal, an online marketplace for authenticated luxury resale goods, reported better than expected fourth quarter results with GMV of 504 million dollars and total revenue of 164 million dollars increased 12 percent and 14 percent, respectively. The company's adjusted losses per share at 0.01 dollars for the quarter, beat Wall Street’s...

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Frasers Group halts takeover of Norway’s XXL ASA

British retail giant Frasers Group has announced that it will no longer proceed with its intended offer for Norwegian sporting goods retailer, XXL ASA. In an announcement shared via the Oslo Stock Exchange, Frasers said that the offer had been subject to several conditions, and thus it “reserved the right not to proceed” if it “became evident...

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Björn Borg AB sees 13.5 percent sales increase in FY24

Swedish fashion company Björn Borg AB closed fiscal year 2024 with increased sales. Total revenue reached 989.7 million Swedish krona, equivalent to approximately 73.4 million pounds. The company achieved this turnover thanks to a 13.5 percent increase at current exchange rates. While revenue increased during the fiscal year, profit after tax...

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H&M Foundation supports Ellen MacArthur’s circular Fashion ReModel with$15 million

The H&M Foundation, the non-profit organization from the Swedish fashion giant, has given 15.4 million dollars to the Fashion ReModel, a demonstration project that seeks to offer viable commercial alternatives to producing new garments by showcasing how revenue can be generated through rental, repair, resale, and remake models. A philanthropic...

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New Look liquidates Irish business, 26 stores to close

Fast fashion retailer New Look is preparing to wind down its operations in Ireland, where a subsidiary for the company has been appointed a provisional liquidators following a battle with widening losses over several years. The High Court has approved the appointment for New Look Retailers (Ireland) Limited after its parent company said it was...

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Walmart forecasts slower growth for 2025/26

Walmart adopts cautious outlook for 2025/26 amid anticipated growth moderation. Walmart, the world's largest retailer, is entering the new financial year with a measured outlook. The company, headquartered in Bentonville, Arkansas, announced on Thursday that growth is expected to slow slightly. For the financial year 2025/2026, which ends in...