Tag: Apparel and Textile Products

Foot Locker’s turnaround is starting to bear some fruit.The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop-off that analysts expected, according to StreetAccount. 

American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak operations. Still, its fiscal first-quarter sales came in weaker than Wall Street expected. 

Luxury sneaker brand Golden Goose, whose shoes sell for around 500 euros ($540) a pair, aims to list on the Milan stock exchange in June, it said on Thursday, in the biggest initial public offering in Italy in at least a year.

Shares of Ross Stores Inc. rallied in extended trading Thursday after the discount clothing chain raised its full-year profit forecast, even as higher prices continue to hit its low- to middle-income shoppers.

Deckers Outdoor stock was rising Friday after the maker of Hoka sneakers and Ugg boots reported fiscal fourth-quarter earnings that easily beat Wall Street estimates.

 Ralph Lauren on Thursday forecast annual revenue growth below market expectations and named Justin Picicci as its chief financial officer succeeding Jane Nielsen.

VF Corp posted a fourth-quarter loss and reported revenue below analysts’ estimates on Wednesday as sales declined across its brands, reflecting choppy demand for its apparel and footwear amid strained consumer spending.

Shares of Urban Outfitters Inc. gained hours on Tuesday, as the clothing retailer’s first-quarter results topped expectations, marking another three months during which high-end women’s clothing chains Anthropologie and Free People did the heavy lifting.

Lululemon athletica on Tuesday said it was implementing an new integrated design structure and announced the departure of Chief Product Officer Sun Choe. The apparel company said Choe resigned to pursue another opportunity and will leave the company later this month. Lululemon also said it doesn’t plan to replace the chief product officer role.

Under Armour forecast a surprise drop in annual sales and projected profit below analysts’ estimates on Thursday, as the apparel maker laid out a plan to simplify its business in the face of weak demand for its sportswear in the United States.

Burberry on Wednesday said the slowdown in the luxury goods market hit its sales in the final quarter of 2024 and led to a sharp 34% drop in its full-year profits.  

Fast-fashion giant Shein is stepping up preparations for a London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from U.S. lawmakers, two people with knowledge of the matter said.

Revenues at Italian luxury group Salvatore Ferragamo  fell 16.6% at constant exchange rates in the first quarter, with China proving difficult and amid a general slowdown in sales in all geographies and channels.

Coach handbag maker Tapestry cut its annual sales forecast and missed third-quarter revenue estimates on Thursday, signaling that demand for its handbags and accessories would remain weak in North America and China.

 Kering’s shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit.

The Federal Trade Commission is seeking to block luxury retailer Tapestry from purchasing Capri Holdings for $8.5 billion, arguing that the acquisition would curb competition in the market for less expensive luxury handbags.

Shares of Adidas jumped 8.2% on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter.

Levi Strauss beat earnings expectations and raised guidance for fiscal 2024, giving the stock a boost in after-hours trading.

Shares of PVH were trading sharply lower after the apparel company issued a sales warning.

Shares of H&M leapt 14% in early deals on Wednesday, after the Swedish retailer significantly beat profit expectations for its fiscal first quarter.