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On slips into the red in second quarter despite sales increase
Swiss sportswear supplier On Holding AG set another sales record in the second quarter of the 2025 financial year. Negative currency effects resulted in a substantial loss. Despite this, the trainer specialist raised its annual forecasts on Tuesday due to the unexpectedly strong growth in its operating business. Asiapacific sales more than...
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FatFace confirms US store closures as digital pivot comes into focus
British brand FatFace has shuttered its 23 stores across the US as it moves towards a digitally-focused approach amid a challenging market. Rising costs were said to be the driving force behind the closures, as the physical store model was deemed to no longer be viable in the US. Despite this, the brand has confirmed an intention to move to an...
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