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UK Autumn Budget brings new pressures for retail

Rachel Reeves delivered her first Autumn Budget under intense scrutiny on Wednesday, after the Office for Budget Responsibility (OBR) accidentally published key details hours before the Chancellor addressed Parliament. The package outlines 26bn pounds in new tax rises, building on last year’s 40bn pounds increase, and places UK retail and...

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Frasers Group acquires Hervis stores in Hungary and Romania

Austrian sporting goods retailer Hervis, owned by the Spar Group, is withdrawing from two markets. Hervis Sport- und Modegesellschaft mbH has concluded an agreement with Frasers Group (European Holdings) Limited, part of the UK retail group Frasers Group Plc, regarding the sale of the companies Hervis Hungary (Hervis Sport és Divatkereskedelmi...

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Could Egypt be the next garment producing hub by 2035?

In the first four months of 2025, Egypt’s readymade garment (RMG) exports reached the milestone of crossing the 1 billion US dollar mark. After food and beverages, the textile and garment industry is the second-largest industrial sector in Egypt today. In 2024, the country’s textile exports grew by almost one fifth (18 percent) to 2.84 billion...

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Bluestar Alliance renews Dickies’ licensing agreement with Atomic for ANZ

Bluestar Alliance has announced a new licensing agreement with Atomic Fashion Marketing for its recently acquired workwear brand Dickies, strengthening the brand’s presence across Australia and New Zealand. The partnership marks a continuation of a long-standing relationship between Dickies and Atomic, which has served as the brand’s flagship...

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Guess Q3: Revenue up, net earnings positive ahead of delisting

Guess, Inc. reported a strong third-quarter performance for the period ended November 1, 2025, posting higher revenue and a return to profitability even as it moves toward a proposed take-private transaction with Authentic Brands Group. Chief executive officer Carlos Alberini said the company delivered encouraging results, citing 7 percent...

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Movado Group Q3: Improved sales and profitability amid tariff concerns

Movado Group, Inc. delivered higher sales, stronger margins and improved profitability despite continued tariff pressures for the third quarter ended October 31, 2025. Net sales rose 3.1 percent to 186.1 million dollars, driven by growth in licensed brands and company stores, even as owned brands moderated. U.S. net sales increased 6.9 percent,...

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Sosandar returns to revenue growth amidst strategic expansion

Women's fashion group Sosandar has announced a return to revenue growth, driven by strong performance on its own website and resilient margins. While the company is making strides in revenue, it is also strategically evaluating its physical store performance. For the six months ending September 30, 2025, Sosandar reported a 15 percent increase...

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Kohl's navigates sales dip with improved gross margin in Q3 2025

Kohl's Corporation reported a decrease in net sales for the third quarter of fiscal 2025, but managed to improve its gross margin. The company is maintaining a focus on its 2025 initiatives amidst an uncertain macroeconomic environment. For the third quarter ended November 1, 2025, net sales decreased 2.8 percent year-over-year to 3.4 billion...

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Abercrombie & Fitch achieves record sales in Q3 2025, narrows FY outlook

Abercrombie & Fitch Co. reported strong sales growth in the third quarter of fiscal 2025, driven by the Hollister brand's performance. The company is narrowing its full-year outlook, expecting continued growth and profitability. For the third quarter ended November 1, 2025, net sales reached a record 1.3 billion dollar, a 7 percent increase...

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Black Friday 2025: How EU and US brands are reshaping discount strategies

As the 2025 holiday season approaches, fashion retailers throughout the EU and US are moving into a discounting period defined by caution, compressed shopping calendars and tighter margins. Despite improved consumer sentiment, data platforms like Deloitte and PwC are projecting a year-over-year decline in holiday spending, pushing brands to...

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Next sells plot of land for 54.1 million pounds

British retail giant Next has sold a plot of land in Essex generating the company net cash proceeds after costs of 54.1 million pounds. In a regulatory filing, Next said the transaction also brings in an exceptional profit – meaning the deal does not form a part of its normal business – of 16.3 million pounds. The plot of land, located near...

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Kering launches “House of Dreams”: why this internal fund is at the heart of its strategic overhaul

Kering has quietly laid a major cornerstone of its transformation strategy. Luca de Meo, appointed chief executive officer (CEO) in June, has proposed the creation of a new investment entity named House of Dreams. This entity is designed to identify, acquire stakes in, and grow emerging brands to reduce the group's heavy dependence on Gucci. The...