Latest news with #clothing
Yahoo
41 minutes ago
- Business
- Yahoo
Australian retail turnover sees 1.2% growth in June 2025
The Australian Bureau of Statistics (ABS) has reported a 1.2% increase in retail turnover for June 2025, seasonally adjusted. This rise follows a 0.5% increase in May and a stable April. ABS business statistics head Robert Ewing attributed the strong June rise in retail turnover to discounts from sales events and new product launches, noting that mid-year sales events spurred spending on discretionary items such as furniture, electrical goods and clothing. Non-food related spending was the primary driver, with household goods retailing increasing 2.3% and other retailing 1.9%. Ewing stated: "Consumers are targeting sales events with a focus on value for big ticket items like household furniture, bedding, electronic devices and TVs. 'Turnover for electrical and gaming retailers was lifted further by the much-anticipated launch of the Nintendo Switch 2, which delivered record sales.' Department stores and clothing, footwear and personal accessory retailing also saw increases, buoyed by end-of-financial year sales and winter clothing purchases. Although food retailing recovered with a 0.9% rise, spending in cafés, restaurants, and takeaway food services declined 0.4%. The June quarter also saw a modest 0.3% growth in retail sales volumes, continuing a trend of volume growth from previous quarters. However, retail volumes per capita decreased 0.1%, indicating that consumer spending is still cautious. Retail prices increased 0.6% for the quarter, a slight deceleration from the 0.7% rise in the March quarter of 2025. The release is the final publication of Retail Trade Australia. Australian statistician Dr David Gruen stated: 'Final publication comes 74 years after Sir Roland Wilson, chief statistician at the time, released the results of the first retail trade survey in 1951. Sir Roland noted that total Australian retail sales in the September quarter 1950 amounted to £383.2m – around $20.5bn in today's dollars.' "Australian retail turnover sees 1.2% growth in June 2025" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
7 hours ago
- Entertainment
- Yahoo
Big 3 Basketball League Trolls Sydney Sweeney, American Eagle Ad
As the old saying goes, any publicity is good publicity. And for the popular clothing store American Eagle, their latest ad starring fan-favorite celebrity Sydney Sweeney is drawing plenty of attention. The latest social media play off the popular ad comes from the Big 3 basketball league, which used its own remake of the photos to promote the upcoming weekend of hoops action. Sydney Sweeney's American Eagle Ad Quickly Went Viral The great debate over Sweeney's ad swept the internet, with some pushing back on its punchline. Others saw nothing wrong with the advertisement and pushed back on the narrative. As one investor highlighted, when the ad dropped, it also increased the share's stock by 5 percent on Thursday, July 24. Regardless of thoughts on the ad, the attention it drew was a major pull for American Eagle. Even pushback from the likes of Doja Cat, who mocked the American Eagle commercial, went viral. Big 3 Basketball League Trolls Sydney Sweeney's American Eagle Ad The latest play off the "in our genes" line from Sweeney's ad came from the Big 3 basketball league, a 3v3 focus that is televised by CBS Sports and has grown in popularity since its inception in 2017. The league, created by Ice Cube and Jeff Kwatinetz, features 12 teams with rosters filled with both former NBA and international players. Their social media team posted a clip of the league to X on Thursday, July 31, that read: "Basketball is in our genes. Tune in Saturday at 1 PM ET on @CBSSports" Although the responses were mixed in the comment section, the post drew plenty of attention from fans and those who simply came across it in passing. Big 3 Basketball Is Drawing Noteworthy Names Putting the ad aside, the Big 3 basketball league continues to provide impressive performances from names longtime basketball fans know and love. Among the most popular names in the league are Joe Johnson, a member of the Triplets, who's a two-time league MVP and two-time Big 3 champion. So far this season, the league is led in scoring by Glen Rice Jr., son of former NBA star Glen Rice, followed closely by ex-NBA standout Michael Beasley, Jonathon Simmons, Jordan Crawford and Earl Clark. All five players spent time in the NBA, while names like Greg Monroe and Jeremy Pargo, leading the league in rebounds and assists, respectively, are also former NBA 3 Basketball League Trolls Sydney Sweeney, American Eagle Ad first appeared on Men's Journal on Jul 31, 2025 Solve the daily Crossword
CTV News
19 hours ago
- Business
- CTV News
Gildan Activewear Inc. reports US$137.9 million profit for second quarter
Signage is seen at Gildan Activewear Inc.'s annual meeting in Montreal, Tuesday, May 28, 2024. THE CANADIAN PRESS/Christinne Muschi MONTREAL — Gildan Activewear Inc. says its earnings rose in the second quarter as it reaffirmed its full-year guidance after considering the impact of tariffs. The clothing manufacturer, which reports in U.S. dollars, says it earned US$137.9 million in the quarter ending June 29, up from US$58.4 million in the same quarter last year. The Montreal-based company says its adjusted earnings worked out to US$145.9 million, up from US$124.7 million last year. It says adjusted earnings were 97 cents per diluted share, up from 74 cents per diluted share last year. Net sales totalled US$918.5 million in the quarter, up from US$862.2 million in the period last year. Gildan says in reaffirming its guidance after weighing the impact of tariffs along with the options available to it to mitigate the effects, including pricing and its flexible business model. This report by The Canadian Press was first published July 31, 2025.
Yahoo
20 hours ago
- Business
- Yahoo
Gildan Activewear Inc. reports US$137.9 million profit for second quarter
MONTREAL — Gildan Activewear Inc. says its earnings rose in the second quarter as it reaffirmed its full-year guidance after considering the impact of tariffs. The clothing manufacturer, which reports in U.S. dollars, says it earned US$137.9 million in the quarter ending June 29, up from US$58.4 million in the same quarter last year. The Montreal-based company says its adjusted earnings worked out to US$145.9 million, up from US$124.7 million last year. It says adjusted earnings were 97 cents per diluted share, up from 74 cents per diluted share last year. Net sales totalled US$918.5 million in the quarter, up from US$862.2 million in the period last year. Gildan says in reaffirming its guidance after weighing the impact of tariffs along with the options available to it to mitigate the effects, including pricing and its flexible business model. This report by The Canadian Press was first published July 31, 2025. Companies in this story: (TSX:GIL) The Canadian Press Sign in to access your portfolio
The Sun
20 hours ago
- Business
- The Sun
Outdoor clothing chain with 67 branches launches huge clearance sale after closing six high street stores
AN outdoor clothing retailer is shutting one of its stores and has launched a huge clearance sale. Millets is expected to close its store on Middlesbrough 's Linthorpe Road in September. Signs posted outside the shop say there is a closing down sale now on. The clothing chain announced in October that it would be shutting six stores early in 2025. However four of the locations were set to be reopened and rebranded as GO Outdoors, a sister brand to Millets. These included the sites in Lowestoft, Douglas, York and Grimsby. It's not clear whether the upcoming store closure in Middlesbrough is among the six originally earmarked for closure. The Sun has reached out to Millets for comment. Some stores have already closed so far this year. The store in Burgess Hill, West Sussex, closed in January but was not rebranded. Another store in Bracknell is also set to close down and has launched a 30% off closing down sale, but it still appears to be open for now. Meanwhile the Worthing location is also expected to close. The store, which has been there since 2016, will be replaced by a GO Outdoors Express. Millets sells outdoor clothing and equipment, including big-name brands like Berghaus, The North Face and Jack Wolfskin. It's currently owned by JD Sports, which had rescued its previous owner Blacks from administration in 2012 by buying the brand. More store closure news The latest Millets closures come as retailers struggle on the high street. They've faced issues such as reduced customer spending, higher staff costs and increasing bills. They're also having to contend with the rise of online shopping. Clothing brand Monki, which is owned by H&M, is closing its Glasgow store in Buchanan Galleries in August. New Look has also launched a wave of store closures, with 11 branches shutting already in 2025. Its branch in Neath, Wales, is set to close imminently on August 6. Plus Poundland is closing 37 stores in August as part of a wider restructuring plan following its £1 sale to Gordon Brothers earlier this year. You can see the full list of Poundland stores shutting in August here. WhSmith is set to disappear from the high street in the coming months. Its high street arm has been bought by Hobbycraft owner Modella Capital, which is rebranding all the stores to TGJones.
