Fashion
On 21 November, Vans is opening a flagshipstore on Oxford Street, in the heart of London. With this new store, the American brand intends to increase its presence in the United Kingdom.
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Afound, H&M group's outlet chain, will open its first physical Dutch store in Utrecht early next year. Earlier this year, the company already opened an online marketplace in the Netherlands.
American sportswear brand Nike is no longer selling its products on Amazon. This brings to an end a pilot that lasted no less than two years. "Nike does not need Amazon", analysts agreed approvingly.
In a short space of time, four JD Sports stores have been robbed and plundered, two of which in Belgium. There may be a connection with a racist incident that took place in October in the Liège store.
Sports giant Adidas has seen its turnover further increase in the third quarter. Although net profit fell by 2%, the company is sticking by its outlook.
Irish fashion discounter Primark achieved a 4.2 % turnover increase in the past financial year as a result of building additional retail space. On a comparable basis however, sales fell by 2.0 %.
British fashion brand Ted Baker has opened its first Belgian shop in Antwerp. For the interior, the brand was inspired by the history of the port city as a centre for diamonds.
Over the past three months, German fashion webshop Zalando has attracted more than a billion visitors in one quarter for the first time. This has also resulted in a substantial increase in the company's turnover.
In the third quarter, the French Kering group saw its revenue rise sharply again. All major brands (Gucci and Yves Saint Laurent) contributed to the group’s growth.
VF Corporation (Vans, The North Face) has published a sales and operating profit increase in the second quarter. Growth was particularly significant in China.
The Swedish H&M chain is opening a store with a new concept in Berlin: a local hub, offering yoga and local brands. Moreover, the store also offers second-hand clothing from other brands and has a clothing borrowing service.
German sports brand Puma has had an excellent quarter, as both turnover and profit grew in double digits. The company is revising its full-year forecast upwards.
Early next year, Mark Parker will resign as CEO of sports brand Nike. He will be succeeded by John Donahoe, currently CEO at Paypal and former CEO of eBay.
Canadian department store group Hudson's Bay is being delisted from the stock market: a group of shareholders is prepared to pay seven euros per share to take the group into its own hands.
Clothing by Primark, the Irish chain that stubbornly refuses to start with e-commerce, is now for sale at Amazon. Does that mean the fashion discounter finally has come round to the idea? Or is there something not quite right?
British investment company Permira wants to sell its footwear brand Dr. Martens. The label has had an excellent year and the holding company now wants to cash in on that.
