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US retail sales decline

US retail sales weakened at the start of the year. They fell by 0.2 percent month-on-month in January, as the Department of Commerce announced in Washington on Friday. The retail sector is of great importance to the US economy. Economists had, on average, anticipated a slightly stronger sales decline of 0.3 percent. In the previous month,...

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European competition plan overlooks textiles

The European Commission unveiled the Industrial Accelerator Act (IAA) on Wednesday, March 4, 2026. In the presence of leaders from the Committee of the Regions (CoR), executive vice president Stéphane Séjourné presented an initiative designed to fundamentally strengthen the EU's competitive position against major powers such as China. Strategic...

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Greenpeace accuses Shein of selling contaminated products in EU

The environmental organisation Greenpeace has accused Chinese fashion retailer Shein of continuing to sell harmful products in the EU despite warnings. “Shein's audacity is shocking. The company promises to protect consumers before the EU Parliament, yet in reality, it continues to sell heavily contaminated products,” said Moritz Jäger-Roschko,...

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Frasers Group secures almost 6 percent stake in Puma

Investors snapped up shares in Adidas and Puma on Thursday. With share price gains of 4.1 percent and 6.9 percent, the two sportswear manufacturers led the list of gainers on the Dax and MDax respectively. A transaction by British billionaire and investor Michael Ashley provided a boost for Puma. Specifically, it involves the sale of financial...

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Victoria's Secret exceeds expectations in fiscal year 2025/26

US lingerie group Victoria’s Secret & Co. reported surprisingly positive results for the 2025/26 fiscal year on Thursday. Thanks in large part to a strong final quarter, the parent company of the Victoria's Secret, Pink and Adore Me brands exceeded its own forecasts. In the most recent fiscal year, which ended on January 31, group sales reached...

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Prada Group boosts annual revenue and profit

The Italian fashion group Prada SpA (Prada Group) remained on a growth trajectory in the 2025 financial year, despite difficult market conditions. This was primarily due to the continued appeal of its Miu Miu brand. In addition to the current results, the group also announced its strategic plans on Thursday for the fashion house Versace, which...

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Mango reports another historic year with record sales and 13 percent growth

Spanish fashion multinational Mango reported this morning the company's results at the close of its latest fiscal year, 2025. The period concluded with another historic turnover. The company achieved a turnover of 3.77 billion euros, up 13 percent on 2024. This previous year had already set a historic record, although with more moderate growth....

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Sales volume of watches and precious jewellery in France struggles in 2025

The French watch and fine jewellery sector reported a decline in sales volume for watches and precious jewellery last year. This occurred even though turnover climbed due to rising metal prices. “The creative industries of French watchmaking and jewellery-making have not been spared by either general economic uncertainties or the somewhat...

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Business|Interview

Zalando's Eloisa Siclari: “We play in a different league to the Asian platforms”

Madrid – On March 12, Zalando will present its 2025 annual results and its outlook for the new 2026 financial year. Ahead of this announcement, FashionUnited interviewed Eloisa Siclari, Zalando's general manager for the entire Southern Europe region, discussing the online fashion giant's performance over the past year and its plans for evolution...

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Missoni remains Italian: FSI fund becomes majority shareholder

Missoni is changing its corporate structure but remains Italian. The brand is losing the Missoni family as shareholders but is continuing its Italian story with Fondo Strategico Italiano (FSI). The fund has chosen to strengthen its commitment by becoming the majority shareholder. FSI first invested in the company's capital in 2018. The...

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Allbirds secures final dismissal in long-running securities fraud battle

On February 26, Allbirds Inc. secured a definitive victory. A federal court in California dismissed a shareholder lawsuit accusing the company and its executives of financial fraud in connection with its November 2021 IPO and subsequent public statements. The court denied the plaintiffs another chance to amend their complaint. The ruling, as...

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Abercrombie & Fitch reports lower profit despite record sales

US apparel group Abercrombie & Fitch Co. set a new sales record in the 2025/26 financial year as expected. Its profit, however, fell short of the previous year's level. The company forecasted a further increase in sales for the current year on Wednesday. Hollister brand remains growth driver In the most recent financial year, which ended on...