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By Reuters Published August 6, 2025 Shopify forecast third-quarter revenue above market estimates on Wednesday, as its AI features and platform upgrades boosted demand for its e-commerce services despite tariff-related uncertainty pressuring retail businesses. Shopify operates in diverse e-commerce sectors The company expects revenue to rise mid-to-high twenties percentage rate in the current quarter, while […]

By Bloomberg Published August 6, 2025 US retailer Claire’s has filed for its second Chapter 11 bankruptcy, months after President Donald Trump’s tariff plans created uncertainty for how the pre-teen-focused retailer’s global supply chain will be affected. Claire’s specialises in youthful accessories – Claire’s Claire’s, with headquarters in the Chicago suburbs, listed liabilities and assets

By Reuters Published August 6, 2025 German consumer goods maker Beiersdorf on Wednesday reported a moderate rise in sales in the first half of 2025, despite slower market growth. The company’s half-year sales rose 2.1% organically to 5.19 billion euros (6.01 billion dollars) from 5.18 billion a year earlier. Beiersdorf specialises in skincare It had cut its organic sales

Prada has announced the promotion of Christopher Bugg to group chief communication officer, effective immediately. Christopher Bugg Bugg, formerly the company’s communication director, will report to Lorenzo Bertelli, Prada Group’s chief marketing officer and head of corporate social responsibility. In his new role, Bugg will be responsible for overseeing the global communications strategies of the

By Reuters Published August 6, 2025 The US Transportation Department is proposing new rules to speed deployment of drones beyond the visual line of sight of operators, a key change needed to advance commercial uses like package deliveries. New US drone rules could revolutionise deliveries “We are going to unleash American drone dominance,” Transportation Secretary

By Reuters Published August 6, 2025 Euro zone retail sales grew quicker than thought in June, data showed on Wednesday, reinforcing views that the bloc remains resilient to trade uncertainty thanks to the continued rebound in domestic consumption. June saw Euro zone retail sales growth exceed prior expectations Retail sales in the 20 nations sharing

Italian-inspired premium denim label Closed has filed for insolvency and placed a corresponding application with the Hamburg district court in Germany. Despite its financial difficulties, business operations are to continue unchanged. View of the Closed store in Osnabrück, one of its 26 retail locations in the German market. – Rüdiger Oberschür Hamburg-based lawyer Stefan Denkhaus from the

Translated by Nazia BIBI KEENOO Published August 6, 2025 Brioni is bringing its Roman tailoring heritage to the pitch—off the pitch, that is. The menswear label is partnering with Italy’s Como 1907 football club, dressing its players for official appearances throughout the 2025–2026 season. The club’s growing visibility since its 2024 promotion to Serie A

By Bloomberg Published August 5, 2025 Kohl’s Corp. should make the most of its meme stock status. Some of the investor fervour around the department store has faded since its recent trip to the moon. But another 6% jump on Monday puts its shares at almost double their April low of about 6 dollars. Kohl’s focuses on fashion, beauty, and home

German online fashion e-tailer Zalando saw its gross merchandise volumes (GMV) rising in Q2, it said on Tuesday, when it also raised its full-year guidance to include newly acquired About You. Zalando It’s working to grab an even bigger share of the €450 billion European online fashion sector and in Q2, GMV rose 5% to