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Adidas records 27% growth in first-quarter revenues

Adidas' direct-to-consumer (DTC) revenues and e-commerce sales primarily contributed to this growth, with e-commerce sales rising by 43%. The revenue growth was strongest in terms of worldwide footwear sales, which…

JCPenney new owners cut 650 jobs

The move, first reported by The Dallas Morning News, is part of efforts by JCPenney to streamline its structure to achieve its strategic priorities. It follows an operational review by…

Steinhoff to list Pepco in Poland

The initial public offering (IPO) will include up to 101,343,568 existing Pepco shares, which represents up to 17.5% of Pepco’s total issued share capital. The amount of offered shares may…