Tag: Apparel and Textile Products

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.

Japan’s Fast Retailing (9983.T), owner of the Uniqlo clothing brand, said on Thursday higher U.S. tariffs would start impacting its U.S. operation significantly from later this year and it planned to raise prices to mitigate the blow.

Nike’s fiscal fourth quarter was a rough one, albeit better than feared. Sales slid more than 10% from a year ago and the company warned that tariffs would increase operating costs by more than $1 billion in the current fiscal year.

Swedish clothing giant H&M on Thursday pointed to an uptick in demand to kick-start the summer season, sending shares higher.

Burberry (LON:BRBY) shares rose more than 5% in London trading on Wednesday as Wall Street analysts adopted a more positive stance ahead of the company’s first-quarter trading update due July 18.

Shares of French fashion house Kering popped as much as 10% on Monday on reports that it has appointed industry outsider Luca de Meo as group CEO.

Zara owner Inditex on Wednesday posted weaker-than-expected quarterly sales and flagged a slower start to the summer season than last year amid broader economic uncertainty.

Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a “dynamic macroenvironment.”

Victoria’s Secret on Tuesday disclosed that it detected a security incident relating to information technology systems, which led to the lingerie maker temporarily shutting down its website for roughly three days in late May.

GAP beat expectations for its fiscal first quarter, but the stock tumbled ahead of the open Friday after the retailer warned tariffs could dent full-year profit by more than $100 million.

Abercrombie & Fitch (ANF) shares surged 25% in premarket trading on Wednesday after it posted better-than-expected first-quarter results and forecast strong annual sales as the apparel retailer’s move to introduce fresh styles such as printed jeans and dresses helped draw more shoppers.

Deckers Outdoor Corporation (NYSE:DECK) shares plummeted sharply after the footwear company issued weaker-than-expected guidance for the current quarter, overshadowing better-than-anticipated fourth-quarter results.