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Fibre2Fashion
20 hours ago
- Business
- Fibre2Fashion
Global fashion falters in Q1 FY25 amid tariff pressures
Pic: Helen89 / Insights Global fashion ended Q * FY * * on a weak note, with only * companies reporting strong results, * moderate and * weak in the below list. FY on a weak note, with only companies reporting strong results, moderate and weak in the below list. While Delta Galil, Azzas and Burlington posted solid growth, others like Ross and M&S saw mixed outcomes. Dillard's, American Eagle, Carter's, Kohl's and Macy's reported sales and/or profit declines, reflecting cautious consumer spending and tariff uncertainty. To read the full story, become a PRIME member today. All Corporate Members and TexPro Subscribers are eligible to access F2F PRIME CONTENT using the same login credentials. Latest News Insights Latest News Insights Exclusive Industry Articles & Features Exclusive Industry Articles & Features Detailed Article Analytics & Insights Digital Edition of Fibre2Fashion Magazine Digital Edition of Fibre2Fashion Magazine Get notified in your mailbox
Yahoo
5 days ago
- Business
- Yahoo
These 14 corporations have stopped or scaled back sponsorship of LGBTQ+ Pride events
Denys_UA / Rukuta Project / calimedia / Pamela Brick / Garnier micellar water bottle; Stack of Mastercard credit cards; Skyy Vodka bottle; Target store When corporations got rid of their diversity, equity, and inclusion initiatives, many also axed their commitments to LGBTQ+ Pride Month. Even before Donald Trump's executive orders terminating all DEI positions in the federal government, dozens of major companies had already abandoned their practices. Many made their decisions after conservatives online specifically targeted them for their policies and threatened boycotts, with failed filmmaker turned failed congressional candidate Robby Starbuck taking credit for spearheading the movement. This withdrawal didn't just encompass inclusive work environments and hiring practices, or participation in the Human Rights Campaign's Corporate Equality Index — in abandoning DEI, companies also ceased many of their community partnerships. This included small businesses, minority- and women-owned businesses, and organizations supporting underserved groups: veterans, people of color, and LGBTQ+ people. As a result, many of the companies abandoning DEI have stopped sponsoring Pride Month events. Here are the companies that have walked back their support, some of them after decades of allyship. ImagineerInc / Anheuser-Busch products in store fridge The brewer behind brands such as Bud Light, Budweiser, Corona, and Stella Artois declined to sponsor Pride in its home city of St. Louis after a partnership of over 30 years. DEI and outreach director, Jordan Braxton, told NBC News that St. Louis Pride was left $150,000 short of its goal, until donations from the community made up the difference within days. The company also withdrew from San Francisco Pride and Columbus Pride. Anheuser-Busch, which was the target of a conservative boycott after simply sending a free beer to a transgender influencer, has not yet commented publicly on its backing out of Pride events. DCStockPhotography / Booz Allen Hamilton building in Washington D.C. U.S. government defense contractor Booz Allen Hamilton Holding Corp. dropped its sponsorship of WorldPride, which is being hosted in Washington, D.C. from May 17 to June 8., shortly after it ended its DEI programs. Chief People Officer Aimee George Leary said during a virtual company town hall first viewed by Bloomberg : 'While our existing people programs comply with law, it is clear from [Trump's] executive orders and other public statements, that the definition of what's allowed is changing, so we must make changes. If we don't, we could be ineligible for contracts with the federal government. This would put our ability to operate and our company at risk.' Below the Sky / Citi building in Warsaw, Poland Banking giant Citi was one of the low-level donors that withdrew or scaled back its sponsorship of NYC Pride. Spokesperson Kevin Kilbride told The New York Times that 'the vast majority of what we have heard is that folks are treading carefully from an economic perspective." Tada Images / Comcast Xfinity car in neighborhood Comcast was another major company that withdrew from San Francisco Pride, according to Ford. A spokesperson for the corporation would not comment on why it backed out, but noted to NBC that it is sponsoring other Pride celebrations in its home state of California, including Silicon Valley Pride, Oakland Pride, and some events at San Francisco Pride that are hosted by other nonprofits. Patcharaporn Puttipon4289 / Smirnoff vodka bottles in ice Diageo, the company behind alcohol brands such as Baileys, Captain Morgan, Crown Royal, and Smirnoff among others also withdrew from San Francisco Pride. A spokesperson told NBC that the company backed out due to some changes in the sponsorships budget for California, but that it would still be active in the city during June, and would be involved in Pride events around the country through its Smirnoff vodka brand. darksoul72 / Garnier body wash bottle Heritage of Pride, the organization that produces New York City's annual Pride events, previously had five "Platinum" donors — those who had donated $175,000. This year, it has just one. Hair care company Garnier was one of the four "Platinum" donors that has withdrawn its support in 2025 after several years of sponsorship. refrina / Lowe's Home Improvement store Lowe's Home Improvement withdrew its support for Pride Month events this year in Columbus, Ohio. Stonewall Columbus Executive Director Densil Porteous told The Columbus Dispatch that the $125,000 in lost donations was made up for by the community and their other partners. "Those [companies] who probably only saw this opportunity as a marketing moment have backed down, and we are sorry to see them go," Porteous said. "But we are thankful for those partners who continue to support us." hodim / Mastercard logo on card Mastercard was another one of NYC Pride's four "Platinum" donors that withdrew support after several years of sponsoring the celebration. However, the company will still be participating in the march and other events. 'Mastercard is a longstanding supporter of the many communities of which our employees are members, including the LGBTQIA+ community globally,' a spokesperson told The Wall Street Journal. Jonathan Weiss / Nissan car at dealership Automaker Nissan was another one of the low-level donors that withdrew or scaled back its sponsorship of NYC Pride, while also withdrawing from San Francisco Pride and Columbus Pride. A spokesperson told NBC that the company is 'currently reviewing all marketing and sales spending, including auto shows, sports properties and other entertainment activations, to maximize both efficiency and breakthrough effectiveness," adding, 'Nissan remains committed to promoting an inclusive culture for employees, consumers, dealers and other key stakeholders.' MeSamong / Pepsi bottles on store shelf PepsiCo — which makes Aquafina, Cap'n Crunch, Cheetos, Doritos, Frito's, Gatorade, Lay's, Life, cereal, Lipton, Mountain Dew, Tostitos, and Quaker Oats among other snacks and drinks — was another one of the low-level donors that withdrew or scaled back its sponsorship of NYC Pride. William Barton / PricewaterhouseCoopers building Consulting firm PricewaterhouseCoopers was another one of the low-level donors that withdrew or scaled back its sponsorship of NYC Pride, as first reported by WSJ. calimedia / Skyy Vodka bottles and cases Skyy Vodka was another one of the four "Platinum" donors that either stopped or scaled back support, or asked for their involvement to go unpublicized, as first reported by The Times. ZikG / Target shopping cart in parking lot Target is the fourth "Platinum" donor to alter its commitment to Heritage of Pride. While the company is still "sponsoring NYC Pride at a level consistent with last year,' according to spokesperson Joe Unger, Kilbride told The Times that it is contributing as a 'silent partner' and requested not to be listed as a Platinum donor to avoid 'the publicity." Conversely, after Target made the decision to drop DEI initiatives, the largest Pride festival in the company's home state of Minnesota decided to drop them as a sponsor. Twin Cities Pride raised over twice the amount pledged by Target in less than 24 hours. Related: Target dropped DEI, so Minnesota's largest Pride festival dropped Target's sponsorship — and raised even more Framalicious / Walmart store Walmart withdrew its sponsorship from Stonewall Columbus' Pride Month Events. The company said that store employees in the Columbus area will still be volunteering with community organizations, including LGBTQ+ organizations. Spokesperson Jimmy Carter told The Dispatch that the company is focused on 'creating an environment where our associates and customers feel they belong.'
Yahoo
29-05-2025
- Business
- Yahoo
Udemy Launches AI-Powered Learning Tool for Professional Skills Development
On May 28, Udemy, Inc. (NASDAQ:UDMY) introduced a new learning tool dubbed Role Play. It is a learning aide that supports professionals in developing essential business and communication skills. Even better, the feature leverages artificial intelligence (AI) to enhance the learning experience. NakoPhotography/ The new platform enables organizations to create customized practice environments based on their specific business needs. Learners can rehearse various workplace-related conversations, including pitching ideas, resolving conflicts, negotiating agreements, providing feedback, coaching, and preparing for interviews. According to Eren Bali, the company's founder and CTO, Role Play is Udemy's latest strategy to help learners master soft skills. He said: 'At Udemy, we understand that the most effective way to master soft skills is through practice and feedback. Role Play is a great example of the power of bringing together human expertise (through Udemy creators) and AI.' Role Play provides immediate feedback to help learners develop skills that drive career advancement and organizational success. Frank Kane, a top-rated Udemy tech instructor, commented, 'I've created three Role Play exercises already, and I have to say – this borders on magic! Learners are now able to practice what they learn through real-time conversations, receiving immediate feedback.' The AI-powered learning tool Role Play builds on Udemy's Innovation Studio, launched earlier this month on May 7. The Innovation Studio aims to accelerate experimentation in learning experience development. It also focuses on developing multi-modal learning experiences and personalized AI pathways to transform how skills are taught and learned. Udemy, Inc. (NASDAQ:UDMY) is an online learning platform that connects students, professionals, and businesses with expert instructors worldwide. It offers over 180,000 courses in 75 languages and covers a wide range of topics, including technology, business, personal development, and creative skills. While we acknowledge the potential of Udemy, Inc. (NASDAQ:UDMY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UDMY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Udemy Launches AI-Powered Learning Tool for Professional Skills Development
On May 28, Udemy, Inc. (NASDAQ:UDMY) introduced a new learning tool dubbed Role Play. It is a learning aide that supports professionals in developing essential business and communication skills. Even better, the feature leverages artificial intelligence (AI) to enhance the learning experience. NakoPhotography/ The new platform enables organizations to create customized practice environments based on their specific business needs. Learners can rehearse various workplace-related conversations, including pitching ideas, resolving conflicts, negotiating agreements, providing feedback, coaching, and preparing for interviews. According to Eren Bali, the company's founder and CTO, Role Play is Udemy's latest strategy to help learners master soft skills. He said: 'At Udemy, we understand that the most effective way to master soft skills is through practice and feedback. Role Play is a great example of the power of bringing together human expertise (through Udemy creators) and AI.' Role Play provides immediate feedback to help learners develop skills that drive career advancement and organizational success. Frank Kane, a top-rated Udemy tech instructor, commented, 'I've created three Role Play exercises already, and I have to say – this borders on magic! Learners are now able to practice what they learn through real-time conversations, receiving immediate feedback.' The AI-powered learning tool Role Play builds on Udemy's Innovation Studio, launched earlier this month on May 7. The Innovation Studio aims to accelerate experimentation in learning experience development. It also focuses on developing multi-modal learning experiences and personalized AI pathways to transform how skills are taught and learned. Udemy, Inc. (NASDAQ:UDMY) is an online learning platform that connects students, professionals, and businesses with expert instructors worldwide. It offers over 180,000 courses in 75 languages and covers a wide range of topics, including technology, business, personal development, and creative skills. While we acknowledge the potential of Udemy, Inc. (NASDAQ:UDMY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than UDMY and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Fibre2Fashion
27-05-2025
- Business
- Fibre2Fashion
German sportswear company Adidas reports data security breach
Pic: UladzimirZuyeu / German sportswear brand Adidas has reported a data security breach involving an unauthorised external party accessing limited consumer data through a third-party customer service provider. The company promptly launched an investigation with the support of cybersecurity experts to contain the breach. The compromised data does not include passwords or payment information but comprises contact details of consumers who previously interacted with Adidas's customer service help desk, the company said in a note on its website. Adidas has disclosed a data breach involving unauthorised access to limited consumer information via a third-party customer service provider. The exposed data includes only contact detailsâ€'no passwords or payment data were compromised. The company has launched an investigation with cybersecurity experts and is informing affected users and authorities. Adidas has begun notifying potentially affected individuals and is cooperating with data protection and law enforcement authorities, in line with legal requirements. 'We remain fully committed to protecting the privacy and security of our consumers, and sincerely regret any inconvenience or concern caused by this incident,' the company said. Fibre2Fashion News Desk (KD)
