Adidas reshuffles its executive board By DPA Translated by Cassidy STEPHENS Europe’s largest sporting goods manufacturer AdidasBjörn Gulden, who moved from competitor Puma Adidas Weeks ago, Gulden had already had to issue a profit warning because of the loss of…
US retail sales point to underlying strength in the economy By Reuters U.S. retail sales fell moderately in February, likely payback after the prior month’s outsized increase, but the underlying momentum remained strong, suggesting the economy continued to expand in…
Tendam to propose a further capital reduction of 17 million euros to its shareholders Translated by Roberta HERRERA Tendam is working on a new capital reduction amounting to 17 million euros. To this end, the board of directors of Tendam…
Aerosoles expands into kids footwear Global footwear brand Aerosoles announced on Tuesday that it is expanding into kids footwear. Aerosoles expands into kids footwear. – Aerosoles Launching this month on Aerosoles.com, the kids collection features a number of styles that are…
German union warns Amazon of rolling pre-Christmas strikes By Reuters API German union VerdiAmazon Reuters The union said that, in response to pay hikes that had lagged inflation, it had called on workers at seven German distribution centres to down…
Early Black Friday ‘deals’ abound, but actual bargains are scarce By Reuters Retailers such as Target Reuters Discounts on toys are up this year compared to last, when supply-chain snarls made it difficult to get products on store shelves and…
L.L. Bean inks new licensing agreement in Japan American lifestyle brand L.L. Bean announced this week a new licensing agreement with Itochu L.L. Bean The Tokyo-headquartered company has acquired the master license rights for the L.L. Bean brand in the…
Victoria’s Secret completes acquisition of Adore Me Victoria’s Secret said on Tuesday that it has completed the acquisition of digitally-native intimates brand Adore Me, supporting the lingerie giant’s goal to become the world’s leading retailer of intimate apparel. Victoria’s Secret…
Playtime Paris to host 350 exhibitors in January Translated by Roberta HERRERA From January 28 to 30, 2023, the Parc Floral de Paris will be hosting yet another edition of Playtime At the beginning of the school year, Playtime was…
German department store Galeria Karstadt Kaufhof to close 52 branches, 4,000 jobs at risk By AFP Translated by Nicola Mira The iconic German department store chain Galeria KarstadtKaufhof GALERIA “After intense negotiations with lessors and city authorities, there is no…
