22 October 2024
Highlights
World
UK Retail: good signs for the run-up to Christmas
Oct 22, 2024 / United Kingdom
The cold weather in July did not bring good news for the UK retail sector, but the following two months spiced things up again. Fashion retail sales appear to be back on track with the wider economy, as continued falling inflation has led to lower prices. Consumers are still reluctant to spend given the difficulties of recent years, but the challenge for retailers is now to keep up and not fall behind again in order to boost demand in the months leading to Christmas
Trade
German leather goods and luggage industry expects challenging second half
Oct 17, 2024 / Germany
Falling sales and imports in the first half of 2024 show the difficult moment the German leather goods industry is experiencing, with little hope of a turnaround in the second half of the year
Companies
adidas exceeds expectations with third quarter results
Oct 17, 2024 / Germany
Preliminary results for the third quarter of 2024 show adidas with increased revenue and higher gross and operating margins. As a result, the company raised its full year guidance for the third time in 2023
World
Portugal aims to double its exports of technical footwear
Oct 22, 2024 / Portugal
The Portuguese footwear industry aims to double its exports of technical footwear to 100 million euros by the end of the decade. The FAIST project will be instrumental in achieving this goal
Companies
LVMH reports drop in third quarter revenue
Oct 16, 2024 / France
The luxury group has reported a 3% decline in organic revenue in the third quarter of the year, as compared to the same period of last year, including a 5% year-on-year decline in its fashion and leather goods division
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