Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.

Join us on Wednesday, October 23 at 16:00 BST / 11:00 EDT for our next #BoFLIVE.

Join us on Wednesday, October 23 at 16:00 BST / 11:00 EDT for our next #BoFLIVE.

While Chinese people demonstrated a strong desire to travel domestically during the National Day Golden Week holiday period which ended Monday, they were less keen to spend while travelling.

While Chinese people demonstrated a strong desire to travel domestically during the National Day Golden Week holiday period which ended Monday, they were less keen to spend while travelling.

This week’s round-up of global markets fashion business news also features China’s National Day Golden Week, Japanese lingerie M&A and Australia’s Mosaic Brands.

This week’s round-up of global markets fashion business news also features China’s National Day Golden Week, Japanese lingerie M&A and Australia’s Mosaic Brands.

This week’s round-up of global markets fashion business news also features Indian gem exports, Thailand’s Central Group and more garment worker protests in Bangladesh.

This week’s round-up of global markets fashion business news also features Indian gem exports, Thailand’s Central Group and more garment worker protests in Bangladesh.

This week’s round-up of global markets fashion business news also features the new boss of Amazon India, avant-gardists in Brazil and China’s luxury e-commerce market.

This week’s round-up of global markets fashion business news also features the new boss of Amazon India, avant-gardists in Brazil and China’s luxury e-commerce market.

Local fashion designers and jewellers benefit most from India’s elaborate wedding customs, but global luxury brands like Versace and Bulgari are also capitalising on this opportunity through imaginative marketing, design tweaks and collaborations.

Local fashion designers and jewellers benefit most from India’s elaborate wedding customs, but global luxury brands like Versace and Bulgari are also capitalising on this opportunity through imaginative marketing, design tweaks and collaborations.

This week’s round-up of global markets fashion business news also features India’s beauty M&A activity, Uzbekistan’s cotton reforms and Typhoon Bebinca’s disruption of Chinese ports.

This week’s round-up of global markets fashion business news also features India’s beauty M&A activity, Uzbekistan’s cotton reforms and Typhoon Bebinca’s disruption of Chinese ports.

This week’s round-up of global markets fashion business news also features China’s luxury slump, India’s knitwear hub and the Tokyo Fashion Award.

This week’s round-up of global markets fashion business news also features China’s luxury slump, India’s knitwear hub and the Tokyo Fashion Award.

From Kenya to Nigeria and Angola to Morocco, multi-brand retailers across Africa are helping global brands access high-growth emerging markets still untapped by major chains like Sephora.

From Kenya to Nigeria and Angola to Morocco, multi-brand retailers across Africa are helping global brands access high-growth emerging markets still untapped by major chains like Sephora.

This week’s round-up of global markets fashion business news also features China maintains ‘problematic’ policies against Uighurs and Bangladesh central bank orders fresh loans for exporters to pay wages.

This week’s round-up of global markets fashion business news also features China maintains ‘problematic’ policies against Uighurs and Bangladesh central bank orders fresh loans for exporters to pay wages.

Banks and fast food restaurants have taken over spaces once leased to the likes of Omega and Burberry in the iconic shopping destination.

Banks and fast food restaurants have taken over spaces once leased to the likes of Omega and Burberry in the iconic shopping destination.

This week’s round-up of global markets fashion business news also features Shein reveals child labour cases as it steps up supplier audits, Asos debuts in India via Reliance’s Ajio and Walmart sells $3.74 billion JD.com stake.

This week’s round-up of global markets fashion business news also features Shein reveals child labour cases as it steps up supplier audits, Asos debuts in India via Reliance’s Ajio and Walmart sells $3.74 billion JD.com stake.
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Two small businesses, backed by the group that successfully sued over previous tariffs, say the new policy similarly exceeds the president’s authority to tax imports.
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Suppliers to retailers including Gap and Walmart are beating the broader market as investors bet India’s new trade agreements and shifting sourcing patterns will boost exports.
The Trump administration has formally appealed the order directing customs authorities to refund the global tariffs declared unlawful by the US Supreme Court earlier this year.
The levies would affect imports from 60 trading partners, with rates ranging from 10% for Mexico, Canada and the UK to 12.5% for China, India and Brazil, as the Trump administration seeks to rebuild its tariff wall.
US Customs and Border Protection validated over 80,000 applications for refunds covering an undisclosed number of shipments or entries.