Tag: Apparel and Textile Products

Nike will be the exclusive uniform and apparel provider for the National Basketball Association and Women’s National Basketball Association for another 12 years after they renewed their partnership with the sneaker giant, the leagues announced Monday.

Shares of Vista Outdoor rose after the company reached a deal to sell its two business lines for $3.35 billion, potentially concluding a lengthy back-and-forth with potential bidders this year.

Denim-crazed consumers are turning to Levi Strauss & Co for new jeans, but the company’s overall business is being dragged down by its Dockers brand, which the company is now considering selling off, it announced Wednesday.

Nike on Tuesday said it was withdrawing its full-year guidance and postponing its investor day as it gears up for a new CEO to take the helm.

Shares of H&M tumbled as much as 8% on Thursday after the world’s second-largest listed fashion retailer posted a miss on operating profit and abandoned its earnings margin target.

Levi Strauss’ target of hitting $9 billion to $10 billion in revenue by 2027 would be pushed back as rising costs of living hits Western consumers, even as the company expands store openings, the Financial Times reported on Tuesday.

Nike on Thursday announced that its CEO, John Donahoe, is stepping down and company veteran Elliott Hill is coming out of retirement to take the helm of the sneaker giant.

Hugo Boss’s shares rose Friday amid widespread losses for European stocks after Chief Executive Daniel Grieder purchased a stake in the company valued at $1.1 million.

Zara owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday, boosting its share price as the world’s largest listed fashion retailer recovered from a summer marred by poor weather.

Expectations of bumper second quarter sales growth at Zara owner Inditex have been dashed by a wet and cold June in its biggest market of Spain, analysts and investors said ahead of earnings due on Wednesday.

The company now expects full-year net revenue to be between $10.38 billion and $10.48 billion, down from a previous range of between $10.7 billion and $10.8 billion. Lululemon anticipates earnings per share will be in a range of $13.95 to $14.15, down from previous guidance of $14.27 to $14.47.

American Eagle missed Wall Street’s sales targets for a second quarter in a row on Thursday, but profits grew by nearly 60% thanks in part to lower product costs.

Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins, sending its shares down 12% in premarket trading.

The beleaguered sneaker company’s same-store sales grew 2.6% during its fiscal second quarter, far better than the 0.7% uptick that analysts had expected, according to StreetAccount. Its gross margin also expanded for the first time in more than two years.

Shares of PVH Corp. fell nearly 8% in the extended session Tuesday after the parent company of Calvin Klein and Tommy Hilfiger reported a better-than-expected second quarter, but said that its business environment in the all-important Asia Pacific region has faced challenges.

Hugo Boss’ second-biggest shareholder, British sports and fashion retailer Frasers has filed a request to acquire more shares in the German company, according to a filing with the German competition authority seen by Reuters on Friday.

UK sportswear retailer’s quarterly results boosted by the opening of 85 stores this year

Same-store sales rise in Q2 at Free People and Anthropologie, but sink 9.3% at Urban Outfitters locations

Tapestry stock was rising early Thursday after the fashion company beat earnings expectations.

Victoria’s Secret stock was climbing Wednesday after the lingerie maker announced the appointment of a new chief executive.