Tag: Apparel and Textile Products

Nike results top estimates even as China sales drop 12%; retailer expects $986 million tariff refund

Nike on Tuesday posted quarterly earnings and revenue that topped Wall Street expectations, despite another sales decline in its key China market.

Hugo Boss pops 8% after top shareholder Frasers launches $2 billion takeover offer

Hugo Boss shares popped around 8% Thursday after its biggest shareholder, Frasers Group announced a 2-billion-euro takeover offer for the German fashion company.

Lululemon cuts annual outlook, citing ‘negative’ media commentary and disappointing product launches

Lululemon’s troubles are far from over. The athletic apparel retailer lowered its full-year guidance and issued a weak current-quarter outlook on Thursday as interim CEO Meghan Frank blamed “negative commentary in the media” and recent product launches that failed to wow shoppers.

PVH Shares Sink as Weaker Outlook Overshadows Better-Than-Expected First-Quarter Performance (PVH)

PVH Corp came under heavy selling pressure in premarket trading on Thursday, with shares dropping around 22% after investors focused on a more cautious full-year outlook despite a solid first-quarter performance that met or exceeded market expectations.

Zara owner Inditex defies consumer gloom with strong early summer sales

Zara owner Inditex reported a strong start to summer ‌trading on Wednesday as currency-adjusted sales grew 11.5% in May, handily beating analyst expectations, even as Iran war inflation worries dent consumer confidence.

Victoria Secret shares spike 40% after big earnings beat, raised sales outlook

Shoppers may be feeling gloomy about high prices at the pump, but they’re still shelling out for new bras and underwear at Victoria’s Secret

American Eagle’s Aerie is booming, but its namesake brand is lagging despite Sydney Sweeney ads

American Eagle’s two key brands are moving in different directions.

GAP Q1 CY2026 Deep Dive: Margin Expansion Amid Channel Shifts and Mixed Brand Performance

Clothing and accessories retailer Gap missed Wall Street’s revenue expectations in Q1 CY2026, with sales flat year on year at $3.50 billion. Its non-GAAP profit of $0.38 per share was in line with analysts’ consensus estimates.

Foot Locker returns to growth but weighs on Dick’s Sporting Goods as earnings miss

Foot Locker is slowly getting back to growth, but the costly turnaround of the legacy sneaker store is still weighing on the bottom line of its parent, Dick’s Sporting Goods, as the company posted an earnings miss on Wednesday.

Abercrombie & Fitch beats quarterly profit estimates on strong apparel demand

Abercrombie & Fitch beat quarterly profit estimates, ​helped by demand in the U.S., ‌but flagged some weakness in its Europe, the Middle East and Africa segment due to the ongoing conflict ​with Iran.

Lululemon settles proxy battle with founder Chip Wilson, agrees to two board nominees

Lululemon is ending its feud with founder Chip Wilson.  The athletic apparel company entered into an agreement with Wilson on Wednesday that ended a messy proxy contest the founder started late last year as its largest individual shareholder. 

Hoka-owner Deckers provides upbeat annual outlook on resilient demand

Deckers Outdoor (DECK.N), forecast annual sales and profit above Wall Street estimates on ​Thursday, banking on resilient demand for its ‌UGG boots and Hoka running shoes

Ross Stores Stock Jumps as Sales Pop With Help From Tax Refunds

Ross Stores, the discount apparel and home accessories retailer, reported first-quarter sales and earnings that sailed over Wall Street’s expectations.

Richemont shines as demand booms for high-end jewellery

Richemont defied a broader luxury slowdown as demand for the Swiss luxury group’s high-end jewellery helped it shrug off a sales hit in the Middle East and outpace rivals including LVMH and Kering.

Ralph Lauren beats quarterly revenue estimates on resilient luxury apparel demand

Ralph Lauren (RL.N),  beat ​Wall Street estimates ‌for fourth-quarter revenue on Thursday, helped by ​resilient demand ​for its high-priced Polo ⁠shirts and cotton ​cable-knit jumpers among affluent shoppers, ​sending its shares up about 9% before the bell.

TJX raises annual sales, profit forecasts

TJX ​raised its annual comparable sales and profit ‌forecasts on Wednesday, banking on resilient demand at its off-price retail stores as budget-conscious ​consumers increasingly shop for ​deals amid economic uncertainties.

Swatch’s Royal Pop launch triggers consumer frenzy as resale prices soar

Royal Pop is a collaboration between Swatch and Audemars Piguet
Swatch reports 11 billion social media views since launch
Company says launch chaos affected about 20 of 220 global stores

Burberry stock drops even as Americas and China demand boost turnaround efforts

Burberry’s full-year results marked a “meaningful inflection point,” the company said Thursday, as the luxury group reported sales growth boosted by strong demand from its key Americas and China markets.

Birkenstock Disappoints With Unchanged Target as Tariffs Hit

Birkenstock Holding Plc kept its full-year forecast unchanged, disappointing investors after US tariffs and currency swings weighed on the German sandalmaker’s profit.

On Holding beats first-quarter expectations, sees double-digit growth in China as Nike lags

Swiss sneaker company On saw more strong growth during its first quarter, beating Wall Street’s expectations on the top and bottom lines even as direct-to-consumer revenue fell short of forecasts.