Your Daily Digest of Global Stories
The current results of the consumer climate index from the GfK Institute and the Nuremberg Institute for Market Decisions (NIM) show that consumer sentiment has deteriorated significantly compared to the previous year. The consumer climate index for the forecast for September has fallen by 3.4 points from -18.6 to -22.0 points. The consumer climate is…
CFO Markus Neubrand is leaving the fashion, shoe and bag brand Guess. He joined in July 2023 after previously serving as Group CFO at MCM Worldwide and Americas COO and CFO at Hugo Boss. He is expected to stay at Guess until September 30, 2024 to ensure a seamless transition and then wants to work…
“Our job is to provide our members with the necessary infrastructure and the required know-how for successful, future-proof trade,” says Andreas Mayer, Managing Director of ANWR Austria. With the knowledge world, ANWR supports the training and further education of employees in the trade. Until May 2025, retailers affiliated with ANWR Austria can also use the…
In a Linkedin post, Zixia Yi, Seller Acquisition EU Market at Temu, explained the new offer for EU and UK retailers. After the local-to-local model was launched in the EU in April, the marketplace business has also been open to retailers in the European Union and the United Kingdom for registration since July. Sellers have…
Clear vision Production in Portugal and Italy will continue and is already set to pick up speed for this order. Uli H. is focusing primarily on the two main themes of sneakers and classic men’s shoes – with both the focus is on authenticity. The sneakers are intended to impress with seasonal color impulses and…
According to a recent announcement from the company, gross merchandise volume (GMV) rose by 20% year-on-year to EUR 442.5 million. Sales increased by 23% to EUR 231.5 million. EBITDA grew by 26% to EUR 30 million, and adjusted EBITDA by 33% to EUR 17.6 million. The company announced that the profitability target of 7% was…
As Rexor announces, there will be the following events at the beginning of the new year: 01/27/2025: Info Tour DüsseldorfJanuary 28, 2025: Info Tour Stuttgart According to Rexor, the focus on both days will be the fashion presentation by trend expert Marga Indra-Heide. Managing Director Günter Neunaber will also report on current figures and developments…
The SME association and the information service provider CRIF announced a strategic partnership on August 23. The aim of the partnership is to make it easier for small and medium-sized companies to obtain data for legally compliant sustainability reporting and a certified ESG rating. Member companies of the SME association can access the CRIF platform…
“We are delighted to have acquired the Bama brand rights, as the branded products are a perfect fit with our company’s philosophy and our customers place great value on high-quality products. We see the acquisition of the brand rights as a sensible expansion of our product portfolio,” says Andrzej Aleksandrowicz, founder and CEO of Kaps….
“On has found a home in the heart of Milan – on the iconic Corso Vittorio Emanuele II,” the Swiss sports shoe manufacturer announced. Floor-to-ceiling windows, sculptural elements and a natural clay floor installation are intended to create the right ambience for the products at the new location. The store, which was previously rented by…
