Tag: Apparel and Textile Products

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.

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.