Adidas lifts full-year guidance as Q3 sales rise

Adidas has raised its full-year guidance after reporting a “better-than-expected” third quarter, with sales up 7% to £5.39 billion (€6.44 billion). It comes as the sportswear giant continues to drive newness across its popular Samba, Gazelle and Spezial footwear lines. The company’s operating profit increased to £500 million (€598 million), including a £41.8 million (€50…

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‘Changing retail environment’ leaves Fenwick in the red

Fenwick has published its financial statement for the 52 weeks ending 26 January 2024. The retailer blamed the “cost-of-living crisis and a changing retail environment” for its pre-tax loss of £28.4 million. The year prior, Fenwick’s pre-tax profit sat a £57.1 million, thanks to the sale of its iconic New Bond Street store for £430…

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