Retail & Luxury Fashion — Thursday, October 29, 2026

Retail & Luxury Fashion · Thursday, October 29, 2026

Play with this page: every chart carries hover readouts and a table view; compare views on 1 chart · range windows on 1 · 3 your-arithmetic sliders — dial in your own figure against the desk's printed lines · 1 sortable table. Everything you can reach shows only the edition’s own figures — the sliders show yours, labelled as yours.

Policy rates — the ranges as printed

Canada raised its rate; the United States held its range — the edition's own reading.

Table view — the same figures as text

Series	As printed
Canada — before the rise → after	2.25% → 2.50%
United States — the held range	3.75% → 4.00%

Source: Retail & Luxury Fashion edition, Oct 29 — “What Needs Your Attention Today” and the scoreboard table as printed.

Borrowing costs — policy and market rates

Even when the central bank stands still, markets can tighten for it — the edition's own reading.

YOUR ARITHMETIC — the two rates above are the desk's, as printed. Dial in YOUR OWN borrowing rate and see where it would stand between them; the figure you choose is your hypothetical, not the desk's call.

Table view — the same figures as text

Series	As printed
Canada	2.50%
US 10-year market rate	5.05%

Source: Retail & Luxury Fashion edition, Oct 29 — “The 60-Second Scoreboard: Two Banks, No Relief” table as printed.

The survey context — confidence and outlook

Below 80 on the forward-looking part is the line linked to recession risk — the edition's own reading, on the chart's face.

Compare note: in the Against the line view, bars that fall short of 80 — the line linked to recession risk are dimmed; every figure is unchanged.

YOUR ARITHMETIC — the survey readings above are the desk's, as printed. Dial in YOUR OWN forward-looking reading and stand it against the printed recession-risk line; the reading you choose is your hypothetical, not the desk's.

Table view — the same figures as text

Series	As printed
American confidence	91.7
Forward-looking part	72.6

Source: Retail & Luxury Fashion edition, Oct 29 — “The Bigger Picture” section as printed.

Adidas — the record quarter, as printed

The highest quarterly sales in its history and a record operating profit — the edition's own reading.

Table view — the same figures as text

Series	As printed
Sales	€7,252 million
Operating profit	€1,008 million
Net income	€711 million

Source: Retail & Luxury Fashion edition, Oct 29 — “Where It Split” as printed.

Adidas — what grew in the quarter

Healthy full-price sales lifted the result — the edition's own reading.

Table view — the same figures as text

Series	As printed
Sales	9%
Operating profit	37%
Net income	48%
Sales through its own shops and website	17%
Clothing sales, currency swings removed	19%
Wholesale overall	2%

Source: Retail & Luxury Fashion edition, Oct 29 — “Where It Split” as printed.

Adidas — sales growth by market

On the currency-free basis the edition prints, with Europe held back most — the edition's own reading.

YOUR ARITHMETIC — the regional growth readings above are the desk's, as printed. Dial in YOUR OWN regional growth figure and see where it would stand between them; the figure you choose is your hypothetical, not the desk's call.

Table view — the same figures as text

Series	As printed
Greater China	13%
North America	12%
Latin America	16%
Japan and South Korea	19%

Source: Retail & Luxury Fashion edition, Oct 29 — “Where It Split” as printed.

Adidas — the margins

Healthy full-price sales are credited by the company itself for lifting its gross margin — the edition's own reading.

Table view — the same figures as text

Series	As printed
Profit margin	13.9%
Gross margin	54.3%

Source: Retail & Luxury Fashion edition, Oct 29 — “Where It Split” as printed.

The three houses, side by side

Luxury's quarter, already reported and not re-reported today — the edition's own wording. Units as printed per house: Kering reports in millions, Hermès and LVMH in billions.

Tap a column heading to reorder the houses by that column. Every figure is the edition's own, as printed.
House
Hermès	€4.10 billion	€1.91 billion
LVMH	€18.5 billion	€8.25 billion
Kering	€3,345 million	€1,291 million

Source: Retail & Luxury Fashion edition, Oct 29 — “Where It Split” as printed.

In the words, not the charts: this view charts the edition’s bound figures only. The edition’s sections — What Needs Your Attention Today · The 60-Second Scoreboard: Two Banks, No Relief · The Bigger Picture: Expensive Money Meets a Choosier Shopper · Where It Split: Adidas at Full Price. Logos on Discount Watch. · What to Watch: A Day Split in Three · Value Creation vs Value Capture — include stories whose substance is narrative or conditional; those are told in the Newsletter state.