Tag: Apparel and Textile Products

Levi Strauss’s profits are growing more than Wall Street expected despite higher costs from tariffs, thanks to targeted price increases and a shift away from wholesalers, the company said Thursday as it reported fiscal third quarter results.

Armani representatives have approached potential buyers over a minority stake in the renowned Italian fashion group, three sources told Reuters, starting a de facto auction, for a slice of one of the world’s best-known fashion empires weeks after the designer’s death.

Nike on Tuesday posted surprise sales growth in its fiscal first quarter but said it still has work ahead to execute its turnaround as it warned it expects sales to fall again during most of the holiday shopping season.

Shares of H&M jumped on Thursday after the high street retailer posted better-than-expected results in the fiscal third quarter, and its turnaround strategy showed signs of gaining pace.

Η είσοδος στο διοικητικό συμβούλιο της Κλωστοϋφαντουργίας Ναυπάκτου του γνωστού επιχειρηματία-επενδυτή Μάνου Ξιώνη μετά την κίνηση του τελευταίου να αποκτήσει το 9,99% της εταιρείας και να συμφωνήσει την από κοινού επένδυση στο μέτωπο της ενέργειας ήταν το σπουδαιότερο νέο της χθεσινής ετήσιας τακτικής γενικής συνέλευσης των μετόχων της εισηγμένης.

Lululemon(LULU) Athletica handily topped second-quarter earnings estimates, but the stock tanked on a narrow sales miss and the company’s second consecutive cut to full-year guidance.

American Eagle Outfitters (AEO.N), shares surged 26% in premarket trading on Thursday, fueled by renewed shopper interest in the retailer following a controversial jeans ad campaign featuring actor Sydney Sweeney.

Abercrombie & Fitch (ANF.N), raised its annual sales forecast on Wednesday, betting on robust demand for its Hollister brand of dresses and jeans as shoppers prioritize spending on trendy apparel undeterred by price hikes.

Tapestry (TPR.N), forecast annual profit below estimates on Thursday, as the Coach handbag maker grapples with higher tariff costs, sending the company’s shares down 8% in premarket trading.

Birkenstock (NYSE:BIRK) has posted better-than-anticipated profit in its fiscal third quarter and backed its full-year outlook, as the legacy German shoemaker said it is in a good spot despite the impact of elevated U.S. tariffs on the European Union.

On sales rose 32% in the Swiss sportswear company’s second quarter, leading it to raise its full-year revenue guidance even as it contends with new tariffs on imports from Vietnam.

Under Armour (UAA.N), forecast second-quarter revenue below estimates on Friday as still-high inflation and tariff uncertainty weigh on demand in North America, sending the sportswear maker’s shares down 13% in premarket trading.

Ralph Lauren raised its annual revenue forecast on Thursday, signaling robust demand from affluent shoppers for its Polo shirts and cable-knit sweaters in North America, Europe and Asia.

Gucci owner Kering (PRTP.PA), reported on Tuesday a 15% drop in quarterly revenues, falling short of market expectations, with its finance chief flagging further price hikes in the United States to counter tariffs.

Shares of Adidas fell Wednesday after the German sportswear giant flagged a double-digit million euro hit from U.S. tariffs in the second quarter and warned that current import levies will push up the cost of its U.S. goods.

The extremely bullish growth forecasts for this market, estimated to be worth $166 billion by 2030, explains why last month Meta reportedly took a 3% stake in EssilorLuxottica, with an option to up it to 5%.

Deckers Brands (NYSE: DECK), a global leader in designing, marketing, and distributing innovative footwear, apparel, and accessories, today announced financial results for the first fiscal quarter ended June 30, 2025.

Shares of Puma (ETR:PUMG) sank 16% on Friday after it sharply lowered its full-year 2025 forecast after posting a second-quarter loss and missing internal and market expectations on both revenue and earnings.

American shoppers are buying into the allure of British heritage fashion, providing a glimmer of hope for beleaguered Burberry’s turnaround even as U.S. headwinds loom.

Levi Strauss raised its full-year guidance Thursday and said it’s working to absorb some of the costs it’s facing from higher tariffs, but that could change as President Donald Trump’s trade policy evolves.