Adidas on Tuesday cut its 2022 earnings target, citing a slower-than-expected recovery in China from pandemic restrictions.

The thermal insulation material specialist and supplier of outdoor clothing and equipment was acquired for $530 million this month by American holding company Compass Diversified.

The world's top luxury group LVMH said Tuesday that sales and profits jumped in the first half of the year despite the uncertain economic environment.

Concerns that eco purchases will suffer in the cost-of-living crisis could be overplayed, research suggests. Shopping with a conscience is “so important” to 65% of consumers who think about sustainability before buying.

With UK inflation rising and costs spiralling, consumer spending power continues to decline. Household disposable income fell by a record £44 a week in June, the eighth consecutive month of decline, a report shows.

​Retailers are among thousands of UK businesses that have been forced to close down while awaiting rebates for property taxes, according to new data.

​JD Sports Fashion’s search for a CEO is over and it has chosen a seasoned retail executive with experience in a wide range of categories, both in the UK and abroad, it was claimed on Tuesday.

​There’s been speculation for some time and it’s finally been confirmed — e-tail giant THG has ended its deal with Japan’s Softbank and the latter’s massive investment in THG’s Ingenuity arm won’t now go ahead.

​Budget footwear retailer Shoe Zone issued a trading update less than a month ago, but it delivered another on Tuesday and unlike some updates that come in quick succession, this one didn’t contain any bad news.

​Unilever’s first-half report on Tuesday showed rising sales, with inflation a big factor in that as the company was largely able to pass on price rises to consumers.

​Italy’s Benetton has named Andrea Incontri as Creative Director of its women's, men's and children's collections. The SS23 collection, the first to be designed by him, will be shown in September at Milan Fashion Week.

Alibaba will apply for a primary listing in Hong Kong and keep its U.S. listing, the first big company to take advantage of a rule change allowing Chinese firms with dual class shares to seek dual primary listings. 

​Heritage British sailing brand Henri-Lloyd has been acquired by performance sports specialist Odlo, several months after it also acquired merino wool clothing manufacturer Janus.

Balancing supply with demand could become a critical factor in the months ahead. And online fashion retail giant ASOS is said to be delaying some autumn orders as customers are expected to cut back in a spending squeeze.

Singer Halsey announced this month the upcoming launch of her second beauty brand, set for retail release in Walmart July 25.