Tag: Apparel and Textile Products

On Holding, on Tuesday authorized its first share repurchase programme, ​worth up to $1 billion through the end of 2029

Swiss sportswear brand On has said it will expand into football, signing Kylian Mbappé to spearhead its entry into the sport in a blow to rival Nike, which has sponsored the France star since he was a child.

Hugo Boss supervisory board chair Stephan Sturm is stepping down after little more than a year in the role amid pressure from Mike Ashley’s Frasers Group, which has become the largest shareholder in the German fashion house.

While American Eagle Outfitters’ namesake brand has continued to struggle, its powerhouse label Aerie has become the crown jewel driving growth for the retailer.

Inditex SA’s strong sales growth wasn’t enough to allow the Zara owner to meet operating profit expectations as expenses mounted.

The boss of EssilorLuxottica has overhauled the eyewear group’s senior management after a bitter public clash with its founder’s son and as the company steps up its push into North America.

 Lululemon Athletica Inc. reported second-quarter results that topped earnings expectations but missed on revenue, while issuing another guidance cut that fell drastically short of Wall Street estimates, sending shares tumbling more than 17% in premarket trading Friday.

Victoria’s Secret shares slumped more than 16% in premarket trading Thursday after the company issued a soft third-quarter operating income outlook, overshadowing a second-quarter earnings beat and raised full-year revenue guidance.

Gap stock is jumping in the Friday premarket, as investors react positively to its upbeat earnings, outlook and a new CEO for its lagging Old Navy division.

Shares of Dick’s Sporting Goods  dropped sharply Tuesday after the sports retailer cut its fiscal-year profit outlook as second-quarter earnings came in below expectations.

Off-price retailer Ross Stores lifted its full-year earnings outlook on Thursday after reporting stronger-than-expected second-quarter sales and profit, helped by robust customer traffic and a refund of tariffs.

Σε περαιτέρω περιορισμό της παραγωγικής της δραστηριότητας προχωρά η Μουζάκης, αναζητώντας παράλληλα εναλλακτικές λύσεις μέσω υφιστάμενων συνεργατών και προμηθευτών στο εξωτερικό, ενώ εξετάζει τρόπους αξιοποίησης των χώρων που απελευθερώνονται από τη συρρίκνωση της παραγωγής.

Birkenstock shares jumped more than 5% in premarket trading Thursday after the German footwear maker raised its full-year guidance alongside third-quarter revenue that topped revenue expectations.

Tapestry said its Coach brand led sales growth for another quarter, while giving a soft outlook for its new fiscal year.

On Holding shares fell sharply after the Swiss sportswear maker’s second-quarter revenue fell short of expectations.

Under Armour on Friday forecast a steeper annual revenue decline, underscoring the challenge ​of reviving growth as cautious consumers rein in spending on athletic apparel ‌amid economic uncertainty in its key North American market.

Shares in French luxury group Hermès International fell over 10% on Wednesday after the company reported first-half diluted earnings per share below analyst expectations, overshadowing a beat in recurring operating income as foreign exchange headwinds weighed on results despite a stronger gross margin.

Shares ‌in Kering surged as much as 11% after flagship brand Gucci delivered better-than-expected quarterly sales, lifting hopes that CEO Luca de Meo’s turnaround efforts are gaining traction even as results from rivals left the market cold.

Deckers Outdoor reported second quarter EPS of $0.94, $0.07 better than the analyst estimate of $0.87. Revenue for the quarter came in at $1.02B versus the consensus estimate of $1.02B.

 Burberry (BRBY.L), said ‌conflict in the Middle East was hurting tourist spending in Europe, sending the British luxury brand’s shares down more than 6% on Friday even though sales in its April-June quarter were strong in the U.S. and China.