For the second time this fiscal year, German sports brand Puma increased its profit forecast. A strong first quarter prompted the first adjustment and this second quarter was also above expectations apparently.
Textile chain C&A will fully divest from Russia. It currently collaborates with Russian Trade Group to manage its local store network, but it has pulled the plug on that deal. Mexx has also decided to shut down every Russian store.
In the second quarter of 2017, web shop Zalando’s turnover did not grow as much as it did in previous quarters, according to the company’s preliminary results. Zalando also announced a new subscription service.
Swedish Björn Borg will open new flagship stores in Belgium and the Netherlands sometime this year. It is the next step in its expansion plan after having opened new stores in Bruges, Haarlem and Zwolle.
The German online fashion platform About You, with retail group Otto as one of its investors,will officially launch in the Netherlands and Belgium this fall. The platform will sell a range of well-known fashion brands.
Lingerie manufacturer Van de Velde seems to have gotten back on track in the first half of its current fiscal year. Following a difficult 2016, turnover grew more than 1 % in the first half of this year.