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The Weekly Closeout: Adidas bets on safety footwear, Helen of Troy swings to a loss
Yahoo Financeยท 2025-10-10 11:13
Retail Developments - RH has opened a new showroom in Americana Manhasset, New York, which spans 19,000 square feet and showcases furniture, rare art, antiques, and global artifacts [2][3] - The showroom aims to provide an immersive retail experience that cannot be replicated online, as stated by RH Chairman and CEO Gary Friedman [3] New Product Launches - Adidas has partnered with Glo Brands BV to enter the safety footwear market, launching a new line called Adidas Pro Work, targeted at construction, maintenance, and logistics professionals, with the first models expected in Q2 2026 [4] - Crocs has introduced a new line of vegan leopard-print fur knee-high boots, celebrating "Croctober," with a release date set for October 23, featuring 17 Jibbitz charms and embellishments [5][6] Financial Performance - Helen of Troy reported a net loss of $308.6 million for the second quarter, a significant decline from a net profit of $17 million in the same period last year [7] - The company's consolidated net sales fell nearly 9% year over year to $431.8 million, primarily due to a 16% decline in its organic business, affected by lower sales in various segments including beauty and wellness, as well as home and outdoor products [8]