financial results

Levi Strauss announced its financial results for the first quarter, with reported net revenues up 3%, organic net revenues up 9% and the Levi’s brand up 8% globally, exceeding previous estimates.

The shopping malls managed by SES Spar European Shopping Centers (SES) once again exceeded the excellent performance of the previous year in 2024: The retailers, restaurants and service providers in the SES malls generated gross sales revenue of 3.54 billion euros in 2024. This corresponds to an increase of 6.5% compared to 2023, meaning that the SES centers in Austria and Slovenia outperformed the market as a whole.

Following non-food discounter Action’s positive results in net sales growth and successful expansion strategy last year, the retailer is aiming for further market entries in 2025.

Expecting a sharp fall in profits in the current year, Puma is planning to close unprofitable retail stores, affecting 500 jobs worldwide, as part of its cost-reduction program, shared the company after the sportswear group gave bleak forecasts for 2025 and the first quarter.

The Prada Group reports another year of remarkable results and solid progress, as high brand desirability and disciplined execution drove a positive trajectory on both revenue and margins. The Group’s net revenues grew by 17% to 5.4 billion euros at constant exchange rates compared to 2023, a well above-market performance marking four consecutive years of double-digit, like-for-like growth.

adidas announced preliminary results for the fourth quarter of 2024. In Q4, currency-neutral revenues increased 19%, while in euro terms, the company’s revenues grew 24% to 5,965 million euros (2023: 4,812 million euros).