Tag: Apparel and Textile Products

 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.

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.