Tag: Apparel and Textile Products

Kering CEO Luca de Meo pledged to more than double the luxury group’s operating profit ​margin and boost the appeal of its flagship brand Gucci as he sought to reassure investors unnerved by economic uncertainty and war in the ‌Middle East.

Levi Strauss’ (LEVI) shares jumped about 12% on Wednesday as investors cheered its strongest quarterly revenue growth in nearly four years with confidence growing in the denim maker’s ​ability to stave off tariff hits with more full-price sales.

Nike’s (NKE)  efforts to steady its business face a fresh setback, with executives cautioning that unrest in the Middle East could further complicate the turnaround, while the sportswear ​giant still struggles to regain traction in China.

Meta Platforms launched two new Ray-Ban prescription smart ​glasses on Tuesday, expanding ‌its offerings in an area that has become one of ​the few breakthrough ​successes in the race for ⁠artificial intelligence-powered gadgets.

Shares in Swedish-headquartered retailer H&M fell as much as 7% on Thursday after the group said it expects to lose more profit to markdowns in the current quarter.

Gap is partnering with Google’s Gemini to allow shoppers to check out directly within the AI platform, making it the first major fashion company to work directly with the tech company to fuel agentic commerce.

Lululemon offered a weak 2026 outlook on Tuesday as tariffs, higher expenses and a dramatic proxy battle with its founder weigh on its bottom line.

Inditex posted a 6% rise in full-year net income to €6.2 billion on Wednesday, beat fourth-quarter profit expectations and said spring trading accelerated to 9% growth in constant currency, sending shares in the Zara owner up more than 2%.

Historic winter storms and subsequent store closures weighed on Gap’s performance during its holiday quarter and contributed to worse-than-expected results at its portfolio of brands, the retailer said Thursday.

The TJX Companies Inc. (TJX) reported fourth quarter results that exceeded Wall Street expectations, though shares edged lower as investors weighed the company’s outlook for the coming year.

Saks Global Enterprises said hundreds of brands, including Burberry and those owned by luxury powerhouses LVMH and Kering, have either resumed or continued shipping to the troubled retailer as it tries to emerge from bankruptcy.

EssilorLuxottica’s more than tripled its Meta artificial intelligence glasses sales last year, the Ray-Ban maker said on Wednesday in its fourth-quarter results.

Hermes, whose handbags sell for $10,000 and more, on Thursday reported stronger than expected fourth-quarter revenue growth, lifted by strong sales in the United States and Japan.

Ralph Lauren Corp Class A (RL) beat Wall Street estimates for quarterly profit and revenue, helped by a healthy holiday season and steady demand from higher-income shoppers. But shares of the luxury retailer dropped 8% before the opening bell on Thursday. Company said it expects margin contraction in Q4 due to tariffs.

Adidas AG reported stronger-than-expected fourth-quarter profits and announced a fresh share buyback as the German brand looks to maintain its momentum with retro sneakers and new running and football products.

Shares of Puma surged Tuesday after China’s Anta Sports said it would acquire a 29% stake from the French billionaire Pinault family, as the German sportswear company works to turn itself around amid struggling sales and brand momentum.

Birkenstock (BIRK) on Monday reported first-quarter preliminary revenue below Wall Street expectations as consumers turned more cautious on non-essential spending amid rising economic uncertainty.

Lululemon Athletica (LULU) stock traded flat Monday after the company updated its fiscal fourth-quarter guidance to reflect a strong holiday season.

Lululemon Athletica’s (LULU) founder Chip Wilson has launched a proxy fight for a board shakeup, days after the apparel maker announced the exit of CEO Calvin McDonald, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Nike shares ticked up 2% in premarket trading on Wednesday after Apple CEO Tim Cook bought nearly $3 million worth of the sportswear maker’s stock.