Tag: Apparel and Textile Products

TJX Cos raised annual profit forecast on Wednesday, anticipating that broad sourcing strategy and seasonal inventory will attract bargain-hunting shoppers to its off-price stores.

Cartier-owner Richemont reported quarterly sales well ahead of market expectations on Friday, driven by improved demand in China and a robust North American market which helped it weather the hit from U.S. tariffs and high gold prices.

On raised its full-year guidance for the third quarter in a row on Wednesday after the Swiss sportswear company posted another three months of double-digit growth, bucking a slowdown in the sneaker market.

 Levi’s (LEVI.N), will sell its new line of $300 jeans in more stores next year as it looks to boost growth by tapping into strong demand for premium denim, Chief Financial and Growth Officer Harmit Singh told Reuters.

Vans parent VF Corp (VFC.N), posted better-than-expected results for the second quarter on Tuesday, helped by strong demand for its footwear, bags and lifestyle apparel, even as economic uncertainty looms.

Lululemon Athletica Inc. (NASDAQ:LULU) stock rose 2.5% following a Bloomberg report that the athletic apparel retailer has partnered with the National Football League and Fanatics Inc. to create NFL team-branded merchandise.

Soft sales of Ugg Boots direct to the consumer could weigh on Deckers Outdoor DECK shares, warned Jefferies analyst Ashley Helgans in a note late Thursday.

Germany’s Adidas (ADSGn.DE), on Tuesday raised its operating profit guidance for the full year, saying it successfully mitigated part of the extra costs caused by higher U.S. tariffs.

Gucci owner Kering (PRTP.PA), has agreed to sell its beauty business to L’Oreal (OREP.PA), for 4 billion euros ($4.66 billion), in a major shift in strategy by new CEO Luca de Meo as he moves to tackle the luxury group’s high debt and refocus on its core fashion business.

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.