Tag: Apparel and Textile Products

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.

Nike has reported weakening sales in China in quarterly results that unnerved investors as the company attempts to pull out of a slump.

Activist investor Elliott Management has amassed a stake of more than $1 billion in Lululemon Athletica (LULU) and is lining up a potential CEO candidate as it pushes to revive the struggling athletic apparel retailer, a source told Reuters on Wednesday.

Kering (PRTP), the owner of luxury brand Gucci, said on Tuesday it had agreed to sell a 60% stake in a prime New York property to private equity firm Ardian, raising $690 million in cash.

Lululemon shares jumped more than 9% in pre-market trade on Friday, after the company announced its CEO Calvin McDonald will step down.

 Facebook-owner Meta (META.O), holds at least a 3% stake in EssilorLuxottica (ESLX.PA), a board director at the European firm behind Ray-Ban glasses said on Tuesday.

Victoria’s Secret Co  reported fourth quarter EPS of $-0.27, $0.32 better than the analyst estimate of $-0.59. Revenue for the quarter came in at $1.47B versus the consensus estimate of $1.41B.

Zara owner Inditex beat analysts’ expectations for the start of its fourth quarter on Wednesday, reporting currency-adjusted sales growth of 10.6% in November, a period that includes the crucial Black Friday weekend.

American Eagle Outfitters’ high-profile marketing campaigns featuring celebrities like Sydney Sweeney and Travis Kelce helped improve the retailer’s sales and boost shares by more than 20% this year.

 Hugo Boss shares dropped 11% on Wednesday after it warned that its sales and profit would fall next year, as the struggling German fashion brand embarks on a strategic reset.

Puma shares jumped as much as 16% early Thursday following a report that China’s Anta Sports is among a number of firms looking to buy the struggling German athletic brand.

Gap stock jumped ahead of the open Friday following a stronger-than-expected earnings report for the apparel retailer’s fiscal third quarter.