Tag: Apparel and Textile Products

H&M’s quarterly sales stagnate as it feels heat of competition

H&M  reported on Friday flat sales for its most recent quarter, lagging expectations as the world’s second-biggest fashion retailer struggled in the face of intense competition from Zara-owner Inditex and others.

Μουζάκης: «Στο τραπέζι» η έκδοση μετατρέψιμου ομολογιακού

Η «κακή νοοτροπία του παρελθόντος» και η αισιοδοξία για τη βιωσιμότητα της εισηγμένης. Στόχος η επιστροφή στην κερδοφορία από το 2024. Τι ειπώθηκε στη γενική συνέλευση.

Lululemon ups guidance after ‘strong’ growth in China boosts quarterly sales

Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, boosted by a 61% revenue spike in China.

Calvin Klein parent PVH sees ‘solid’ revenue growth in Asia

PVH Corp. shares rose more than 2% in the extended session Tuesday after the parent of Calvin Klein and Tommy Hilfiger brands reported second-quarter earnings and sales above Wall Street expectations, saying it saw solid growth in sales in Asia.

Gap reports another period of declining sales across all brands, warns of ‘uncertain consumer’

Gap reported mixed results on Thursday and underwhelming current-quarter guidance as the longtime mall retailer saw another quarter of declining sales across all four of its brands.

Watches of Switzerland shares plunge by a quarter after Rolex buys retailer Bucherer

“This move reflects the Geneva-based brand’s desire to perpetuate the success of Bucherer and preserve the close partnership ties that have linked both companies since 1924,” Rolex said.

Guess’ stock jumps 14% as retailer’s sales in Europe and Asia grow

Shares of Guess Inc. rallied 14% in the extended session Wednesday after the retailer’s fiscal second-quarter sales topped Wall Street estimates. Guess earned $39 million, or 59 cents a share, in the quarter, compared with $24 million, or 35 cents a share, in the year-ago period.

Dechra, Hikma, M&S and Diploma set to join FTSE 100

 Drugmakers Dechra and Hikma along with retailer Marks & Spencer  and technical products provider Diploma are set to join the UK’s blue-chip FTSE 100 index in September, indicative changes announced by FTSE Russell show.

Abercrombie & Fitch shares soar 15% as retailer blows past earnings estimates, raises guidance

Shares of Abercrombie & Fitch soared in premarket trading, after the retailer crushed Wall Street’s earnings and sales expectations.

Foot Locker shares plunge 30% as it slashes guidance and blames ‘consumer softness’

Foot Locker’s sales fell 9.9% during its fiscal second quarter, and it attributed the decline to ongoing “consumer softness.”

Dick’s shares fall 20% as retailer slashes outlook over theft concerns

Dick’s Sporting Goods reported a profit drop and cut its earnings outlook for the year after seeing an uptick in retail theft and slow sales in its outdoor category.

Tapestry sees weak fiscal 2024 after missing qtrly estimates on soft U.S. demand

Tapestry which agreed to buy Capri last week, forecast fiscal 2024 profit and sales below estimates and reported lower-than-expected quarterly results on Thursday, as demand for its luxury handbags and accessories slows down in the United States.

Ralph Lauren forecasts muted Q2 sales as tough U.S. market weighs

Ralph Lauren (RL.N) on Thursday forecast current-quarter sales largely below Wall Street estimates, in a sign that demand for its pricey sweaters, shirts and outdoor clothing was losing steam amid a broader slowdown in U.S. luxury spending.

Puma sales beat estimates but U.S. market drags

July 26 (Reuters) – German sportswear brand Puma’s (PUMG.DE) second-quarter sales grew by 11%, the company reported on Wednesday, slightly ahead of market expectations thanks to stronger revenues from Asia and Europe, while the U.S. dragged.


Adidas shares up 6% after trimming 2023 loss forecast on strong Yeezy inventory sales

Adidas said Monday initial sales of Yeezy stock following the termination of its partnership with rapper Ye have led it to cut its 2023 loss forecast to €450 million from €700 million.


Calvin Klein Owner PVH to Cut More Jobs as It Ramps Up Cost-Saving Drive

PVH , the parent of the Calvin Klein and Tommy Hilfiger brands, said on Tuesday it is cutting more jobs—adding to those announced last year.

Levi Strauss shares drop after retailer slashes guidance on weak wholesale revenue

Levi Strauss on Thursday drastically cut its profit outlook for the year after the apparel retailer reported a steep drop off in wholesale revenues and soft sales in the U.S., its largest market.

Nike Beats on Sales but Misses Earnings. The Stock Falls.

Nike beat revenue expectations but the stock fell in after-hours trading amid concerns that North American consumers are poised to slow spending in the coming months.

Λανακάμ: Στο +30% οι πωλήσεις εξαμήνου

Με άνοδο της τάξεως του 30% έκλεισε το πρώτο φετινό εξάμηνο ο κύκλος εργασιών της Λανακάμ, όπως ανέφερε ο πρόεδρος της εταιρείας Γιάννης Δαμίγος στα πλαίσια της χθεσινής ετήσιας τακτικής γενικής συνέλευσης των μετόχων της εισηγμένης.

Hugo Boss shrugs off weaker U.S. sentiment

German fashion house Hugo Boss on Thursday raised its 2025 sales target, betting on strong demand across its markets as it proved immune to weaker U.S. consumer sentiment.