Fashion
US’ Dollar General Q2 sales up 5.1%, raises full-year forecast

Dollar General Corporation has reported financial results for its second quarter (Q2) of fiscal 2025 (FY25), ended August 1, 2025, with solid growth across key metrics. Net sales rose 5.1 per cent to $10.7 billion from $10.2 billion in the same quarter last year, driven by contributions from new stores and same-store sales growth of 2.8 per cent. The same-store performance reflected a 1.5 per cent increase in customer traffic and a 1.2 per cent rise in average transaction size, with gains recorded in consumables, seasonal items, home products, and apparel.
Dollar General has posted strong Q2 FY25 results with net sales up 5.1 per cent to $10.7 billion and same-store sales rising 2.8 per cent.
Gross margin improved to 31.3 per cent, operating profit climbed 8.3 per cent to $595.4 million, and EPS rose 9.4 per cent to $1.86.
The retailer lifted full-year guidance, expecting sales growth of 4.3–4.8 per cent and EPS of $5.8–6.3.
Gross profit as a percentage of sales improved to 31.3 per cent from 30 per cent, supported by lower shrink, higher inventory markups, and reduced damages, though partially offset by higher markdowns, distribution costs, and LIFO provision, the company said in a release.
Selling, general and administrative expenses increased to 25.8 per cent of sales compared to 24.6 per cent a year earlier, largely due to higher incentive compensation, maintenance, and employee benefits.
Operating profit increased 8.3 per cent to $595.4 million, while net income rose 10 per cent to $411.4 million. Diluted EPS climbed 9.4 per cent to $1.86 from $1.7 last year. Interest expense declined 15.3 per cent to $57.7 million, while the effective tax rate stood at 23.5 per cent compared with 22.3 per cent last year.
The company’s board declared a quarterly cash dividend of $0.59 per share. Merchandise inventories at cost fell 7.4 per cent on a per-store basis to $6.6 billion, compared with $7 billion last year. Year-to-date cash flow from operations increased 9.8 per cent to $1.8 billion.
Capital expenditures totalled $694 million in the first half of fiscal 2025, including $365 million for remodels, relocations, and upgrades, $151 million for distribution and transport projects, $143 million for new store facilities, and $32 million for IT and technology upgrades. During Q2 alone, Dollar General opened 204 new stores, remodelled 729 stores under Project Elevate, 592 under Project Renovate, and relocated 15 stores.
“We are pleased with our strong second-quarter results, including earnings growth that significantly exceeded our expectations. Our improved execution, along with our progress advancing key initiatives, is resonating with both existing and new customers as we further enhance our value and convenience proposition. I want to thank our team for their ongoing commitment and dedication to fulfilling our mission of Serving Others every day in more than 20,000 stores across the country,” said Todd Vasos, Dollar General’s chief executive officer.
Looking ahead, the company has raised its full-year guidance to reflect its second quarter outperformance and stronger outlook for the remainder of the year. It now expects net sales growth of 4.3–4.8 per cent, up from 3.7–4.7 per cent previously. Same-store sales growth is forecast at 2.1–2.6 per cent, compared with earlier guidance of 1.5–2.5 per cent.
Diluted EPS is expected in the range of $5.8 to $6.3, higher than the prior $5.2–$5.8 outlook, based on a tax rate assumption of 23.5 per cent. Capital expenditures remain forecast at $1.3–$1.4 billion. For fiscal 2025, the company plans to execute around 4,885 real estate projects, including 575 new US stores, up to 15 in Mexico, approximately 2,000 remodels under Project Renovate, 2,250 remodels under Project Elevate, and 45 relocations.
“Looking ahead, we believe we have ample opportunity to drive growth and further improve our operating and financial performance, as we continue to work toward achieving the goals laid out in our long-term financial framework. We are proud of our progress, confident in the future of this resilient business model, and excited about the opportunity to further create sustainable long-term value for our customers, associates, and shareholders,” Vasos added.
Fibre2Fashion News Desk (HU)
Fashion
New US port-fee regime targeting China fails to achieve targets: AAFA

The stated objective of this new port-fee-regime is to address unfair practices that led to China’s dominance in global shipbuilding and strengthen the US shipbuilding industry. China produced 53 per cent of the world’s ships in 2024.
As the US unveiled a new port fee regime targeting China, AAFA said these fees “fail to achieve their stated objectives”.
These fees are set to rise each April, raising the risk that the costs will turn too high for some carriers and begin to be passed along to shippers.
Carriers have deployed non-Chinese-built ships on US routes, while continuing to expand orders at Chinese shipyards, it noted.
These fees are set to increase each April, raising the risk that the costs will become too high for some carriers to absorb and begin to be passed along to shippers, AAFA noted.
“Rather than reducing reliance on Chinese shipbuilding, carriers have simply reshuffled their fleets by deploying non-Chinese-built ships on US routes, while continuing to expand orders at Chinese shipyards. China’s global market share in shipbuilding continues to rise, climbing above 65 per cent in June and reaching 84 per cent in August,” said AAFA executive vice president Nate Herman said in a release.
“At the same time, Chinese carriers are shifting calls from US ports to Canada and Mexico to maintain North American service while avoiding the fees. This diverts business away from US ports and reduces work opportunities for American longshoremen,” he added.
“We urge the Trump administration to reconsider this policy. Instead of imposing punitive port fees that create inefficiencies and divert business away from US ports, the focus should be on creating strong domestic incentives and providing sustained support to revitalise American shipbuilding,” said AAFA trade and transportation specialist Audrey Clark.
Fibre2Fashion News Desk (DS)
Fashion
Expanding British luxury brand Sunspel puts down roots in Paris

Published
October 20, 2025
Step by step, Sunspel is steadily expanding its footprint. In Paris, the English specialist in timeless luxury has set up shop at 38, rue Sainte-Croix de la Bretonnerie, in one of fashion’s favourite districts: the Marais. The label inaugurated a 60-square-metre boutique there on October 8, marking its third opening of 2025.
Located on one of the oldest streets in the Marais, dating back to the 13th century, the space is run by a team of three. The brand, founded in 1860 by Thomas Arthur Hill, presents its classic, tightly edited wardrobe of T-shirts, polos, jumpers, coats and trousers. In the centre of the boutique, customers can explore a number of accessories and other items, including fragrances developed since 2019 in partnership with British perfumer Lyn Harris.
Harris Tweed and Sea Island cotton
From the outset, Sunspel has been known for the refinement of its materials. The brand uses Sea Island cotton, a Caribbean variety that requires abundant water and sunshine, developed in the 17th century by European settlers in the British West Indies. Sunspel T-shirts are also made from Supima cotton, sourced from a Californian farm. For other pieces, the label uses cashmere from Mongolia, spun in Switzerland.

Sunspel’s storytelling is full of such anecdotes. Pointing to a woollen coat, Nicholas Brooke, the brand’s owner since 2005, explains, as an accompanying video shows, that the piece is made from Harris Tweed, a fabric produced by the inhabitants of an archipelago in the north-west of Scotland, in their own homes.
The Riviera polo shirt was created in the 1950s for the climate of southern France by the founder’s grandson. Today, it is produced in Portugal on lace-making machines, in a factory with 25 units. The brand’s enduring classic remains the T-shirt, a line of which was created especially for Daniel Craig in “Casino Royale”. They are made in Nottingham, England, and the seamstresses stitch their first names into them — a way of highlighting these often-unseen workers.
“We want to continue investing in France”
A frequent collaborator, Sunspel has signed co-creations with Lemaire, Comme des Garçons, JW Anderson, Paul Smith and Thom Browne. In these collaborations, the brand primarily contributes its technical expertise, leaving the creative side to its partners. On its own pieces, there is no logo, and the colours are restrained, partly inspired by the paintings of British artist Richard Whadcock. At the same time, the brand continues to build on past innovations and is working on new technical projects. It recently unveiled a blend of Sea Island cotton and cashmere.

Sunspel CEO Raul Verdicchi joined the brand in 2023 after stints at AlphaTauri and the Zegna Group.
“Sunspel is unique because it combines several factors: it is an English brand, with quality products and heritage,” he explains. “It works very well for us — we even grew during Covid. Today, this boutique marks a new milestone. And in the future, we want to continue investing in France.”
For the time being, the Marais space attracts both French customers and international tourists, who account for 55% of its clientele.
A boutique in Tokyo in early 2026
Sunspel already has eight shops across London, and two more in the rest of the UK – in Edinburgh, and a stone’s throw from Liverpool, in the Cheshire Oaks Designer Outlet. In the United States, the label has five standalone boutiques, in Los Angeles, San Francisco, Santa Barbara and New York, in SoHo and on the Upper East Side. In the midst of its international expansion, Sunspel will open a boutique in Tokyo in early 2026. The brand is also present at numerous retailers such as Beams, Saks, Harrods, Selfridges & Co, La Samaritaine and Printemps, giving it a physical presence in 34 countries.

To support this expansion, the brand needs to refresh its customer base. Brooke explains: “We have 60-year-old customers who have been buying from us for 30 years, but also customers who are in their twenties. To retain a customer base, we do not focus on age, but on the quality of our products.”
He goes on to point out that in the UK, the brand enjoys a certain renown, thanks in particular to its first creative director, Northern Irish designer, Jonathan Anderson. Other channels, such as the press and cinema, also help to renew the brand’s customer base.
For 2025, Sunspel posted revenue of £36 million, or almost €41.5 million. Since 2020, the brand has achieved annual growth of 20%.
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Fashion
Kering workers in Italy to strike over ‘unilateral decisions’ by the company

By
Reuters
Published
October 20, 2025
Workers at Italian units of French luxury group Kering will stage a four-hour strike on Tuesday, unions said, citing what they said was the company’s unwillingness to engage in dialogue over issues such as remote working.
The action will affect staff at Kering brands including Gucci, Balenciaga and Yves Saint Laurent, with demonstrations planned in Milan and Scandicci, a town close to Florence.
Kering is dealing with a slump in sales and high debt and it agreed on Monday to sell its beauty business to L’Oreal .
Italian unions Filctem Cgil, Femca Cisl and Uiltec Uil said recent talks with Kering’s representatives showed a “preconceived closure to dialogue”, accusing the group of unilateral decisions that risk weakening labour relations and workers’ rights.
One example was the company’s decision to limit remote work, according to Filctem Cgil union representative Massimo Bollini.
“But beyond this specific case, what’s changing is the approach – decisions are presented as final and non-negotiable,” he told Reuters.
Kering Italia said it informed unions last November of its plan to halve monthly remote work days from eight to four, in line with the group’s global strategy.
The previous agreement was extended until September to allow for dialogue and the new policy took effect in October.
© Thomson Reuters 2025 All rights reserved.
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