Tag: Apparel and Textile Products

German sportswear maker Adidas expects operating profit to nearly double to about 500 million euros ($542.3 million) this year after the company’s break-up with Kanye West and the discontinuation of its Yeezy business.

Shares of Swedish retailer H&M were down 9.8% at 11:20 a.m. London time on Wednesday, after the company announced weaker sales and the surprise departure of its chief executive.

 Adidas shares rose over 4% on Thursday with traders citing good news from a call with analysts ahead of the German sportswear maker’s full-year results due in March.

Puma shares fell Wednesday after the German apparel company’s 2023 net profit and 2024 guidance came in below analyst expectations.

Watches of Switzerland shares plummeted on Thursday morning, after the luxury watch retailer cut its guidance for the 2024 fiscal year.

Shares of Hugo Boss fell as much as 11% on Tuesday after the iconic German clothing company said its fourth-quarter earnings would fall short of analyst expectations.

Britain’s Burberry blamed a worsening slowdown in demand for luxury goods for its second downgrade in three months, and warned of a tough challenge ahead as it launches a strategy to move upmarket, in a blow to its shares.

Βίαιη ανοδική αντίδραση για τις μετοχές των δύο εισηγμένων παρά τα πολλά «μαύρα σύννεφα» που συγκεντρώθηκαν πάνω από τον κλάδο. Οι εκτιμήσεις για ζημιογόνα αποτελέσματα και οι προσδοκίες.

Shares of Lululemon Athletica were trading lower after the maker of exercise apparel raised its financial forecasts for the fourth quarter but the earnings guidance at the low end was just shy of analysts’ estimates.

Abercrombie & Fitch on Monday raised its forecast for fourth-quarter and annual net sales, after strong demand for its apparel brands during the key holiday shopping period.

Nike lowered its revenue outlook and said it plans to cut $2bn in costs over the next three years as the world’s largest sportswear maker warned of softening consumer demand, particularly in China and Europe.

The owner of Zara clothing stores lifted its outlook for profitability after earnings increased in the first nine months, though sales growth has slowed in the most recent quarter.

Fast fashion firm Shein has held talks with the London Stock Exchange about the possibility of a public listing in the United Kingdom, Sky News reported on Monday, citing sources.

Lululemon Athletica Inc. late Thursday called for lower-than-expected holiday-quarter figures, saying that it has navigated an “uncertain” economy.

Ralph Lauren Corp.’s stock rose about 5% before surrendering those gains to trade down slightly early Wednesday, after the luxury apparel company posted a profit and revenue beat for its fiscal second quarter. 

Singapore-based fashion retailer Shein has filed confidentially with the Securities and Exchange Commission for an initial public offering, according to The Wall Street Journal.

Abercrombie & Fitch on Tuesday blew past estimates as it posted a 20% jump in sales thanks to a strong back-to-school shopping season and growth at both its namesake brand and Hollister

Gap Inc. beat expectations in the third quarter, including a smaller-than-estimated drop in same-store sales, marking a strong opening quarter for new CEO Richard Dickson.

Ralph Lauren Corp.’s stock rose about 5% before surrendering those gains to trade down slightly early Wednesday, after the luxury apparel company posted a profit and revenue beat for its fiscal second quarter.

Adidas shares climbed 4% during early trade in Europe on Wednesday.