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The Weekly Closeout: Adidas bets on safety footwear, Helen of Troy swings to a loss
Yahoo Finance· 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]
Adidas to Enter Safety Footwear in 2026 With New ‘Pro Work’ Line
Yahoo Finance· 2025-10-08 18:16
Adidas is getting into the safety footwear category via a new partnership with protective equipment company GLO Brands B.V. According to GLO, a unit of Bunzl plc, the new high-performance safety footwear range is “designed to support working professionals who perform under pressure in the toughest environments.” More from WWD Dubbed “Adidas Pro Work,” the first collection is expected to debut in the second quarter of 2026 through select distribution partners and channels. The collection will combine “fun ...