Latest articles in Business

UK retail businesses state they have already lost profits due to tariffs

Nearly three-quarters (71 percent) of UK retail businesses have already lost profits due to tariff impacts, according to new research conducted by Enable, the leading AI-driven rebate and pricing management platform. The global research of senior business leaders reveals that tariff volatility has become a critical threat to business...

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Business|In Depth

El Corte Inglés targets "Net Zero" by 2050 with new sustainability plan

Madrid - El Corte Inglés, the Spanish department store group, has launched its new 2025-2030 Sustainability Master Plan, reaffirming its commitment to environmental responsibility. The plan is a comprehensive roadmap aimed at achieving "Net Zero" status by 2050, with a focus on minimizing the company’s environmental impact and reducing...

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Business

Armani fined 3.5 million euros by CMA for unfair practices

The Competition and Markets Authority (CMA) has fined Giorgio Armani Spa and G.A Operations Spa 3.5 million euros for allegedly misleading consumers with false claims of ethical and social responsibility. The CMA's investigation found that the companies' marketing, which emphasised their commitment to sustainability and worker well-being,...

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Business

New tariffs will not take effect until August 7

New US tariffs on imports will not take effect until August 7, according to a government official, and not this Friday as previously indicated. The US government official confirmed to the German Press Agency on Thursday evening (local time) that this also applies to the 15 percent tariff on imports from the EU. US President Donald Trump had...

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Business

Amazon exceeds revenue expectations but share price falls

The world's largest online retailer disappointed stock market traders with the growth of its cloud division, AWS, and a cautious profit outlook. The share price fell by 6.5 percent in after-hours trading. Amazon presented figures for the past quarter that exceeded analysts' forecasts. Revenue for the world's largest online retailer increased by...

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Business

Five years after Covid: 6 Trends still redefining consumer behaviour

Five years on from the start of the pandemic, The Anchor, backed by the Placer.ai platform, has published a comprehensive report on post-Covid consumer habits. Using footfall data from physical locations in the first half of 2025, compared to 2019 and 2024, the study identifies six profound and lasting dynamics. These include retail,...

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Business

US imposes 25 percent tariffs on India: How will it affect the apparel industry?

The U.S. Donald Trump has announced 25 percent tariffs on goods starting today. The move, which singles out India for harsher trade conditions than its major peers, has drawn outrage from India's opposition and caused a slump in the rupee. India's government has vowed to protect its labor-intensive agriculture sector and remains committed to a...

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Business

Columbia Sportswear's Q2: Sales up, net loss narrows, new strategy unveiled

Columbia Sportswear Company announced its second-quarter 2025 financial results, revealing a mixed performance characterised by international growth offsetting weakness in the U.S. market. The company also unveiled its new Accelerate growth strategy, a multi-year effort to re-energise the Columbia brand and attract younger consumers. Net sales...

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Business

Ferragamo revenue down 9.4 percent amidst challenging market conditions

Salvatore Ferragamo reported revenue of 474 million euros down 9.4 percent compared to the first half of 2024, and down 7.1 percent at constant exchange rates, for the first six months of the year. Overall revenue was impacted by the wholesale channel, which reported revenue of 105 million euros, down 17.9 percent or down 14 percent at constant...

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Roberto Cavalli’s parent company confirms brand is not for sale

DAMAC Group, the parent company of Italy’s Roberto Cavalli, has confirmed the brand is not up for sale. Its comment comes in response to media speculation that suggested the company was exploring strategic options for the brand. In a statement shared with FashionUnited on July 31, a spokesperson for the DAMAC Group said: “Since acquiring the...

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Adidas and Puma shares weaken after critical analyst views

Shares of the two sportswear manufacturers Adidas and Puma extended their losses on Thursday. While Adidas disappointed after presenting its second quarter figures and confirmed outlook the day before, and some analysts have now lowered their price targets, Puma's shares suffered from a negative comment from Baader Bank after the publication of...

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Business

Canada Goose revenue jumps 22.4 percent in first quarter of fiscal 2026

Canada Goose Holdings Inc. has announced its financial results for the first quarter of fiscal 2026, ending June 29, 2025, reporting a strong start to the fiscal year with significant revenue growth. The company reported a 22.4 percent increase in total revenue to 107.8 million Canadian dollars, or 21.5 percent on a constant currency basis....