Tag: Apparel and Textile Products

Sales at French luxury group Kering have been weighed down by weak performance at its biggest brand Gucci, as investors wait for a new designer to be named to lead a stalled turnaround.

Shares of Coach parent Tapestry rose about 12% on Thursday after the company beat holiday-quarter sales expectations and boosted its full-year forecast.

Ralph Lauren raised its annual revenue forecast on Thursday, betting on more younger shoppers picking up its spring collection of dresses, skinny cuffed trousers and floral dinner jackets.

Capri Holdings forecast revenue for the year as well as fiscal 2026 below Wall Street estimates on Wednesday, as the Michael Kors owner grapples with slowing demand for luxury goods, especially in the Americas and Asia.

Shares of H&M dropped more than 5% on Thursday after the world’s second-largest retailer missed sales forecasts in the fourth quarter.

Apparel and footwear maker VF Corp beat third-quarter revenue and profit estimates on Wednesday, helped by efforts to revive demand and refresh the product lineup of its Vans, North Face and Timberland brands.

Adidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to CNBC on Thursday.

Puma lost a fifth of its market value on Thursday after the German sportswear brand reported lower than expected fourth-quarter sales and a drop in annual profit, raising questions about its ability to compete with bigger rivals Adidas and Nike.

Adidas reported what it said were better than expected preliminary fourth-quarter results on Tuesday, with strong sales and profitability for the important holiday shopping period, sealing a successful turnaround year.

German shoemaker Birkenstock said on Tuesday Chief Financial Officer Erik Massmann will step down after nearly two years in the role, and will be succeeded by Ivica Krolo.

British sportswear retailer JD Sports Fashion downgraded its profit forecast after weaker trading in Britain and the United States and promotional activity at competitors hurt sales, and it warned the outlook was “cautious”.

Brunello Cucinelli said it expects to grow strongly in the coming years after it reported better-than-expected revenue for the fourth quarter despite a slowdown in demand for luxury goods that is hurting most of its rivals.

Lululemon Athletica and Abercrombie & Fitch raised their current-quarter sales targets on Monday, helped by demand for heavily discounted apparel during the holiday season, even as steep promotions took a bite out of some retailers’ margins.

The German company’s stock, listed on the New York Stock Exchange last year, has struggled to conserve its gains this year

Zara owner Inditex posted a rare miss on quarterly sales and profit on Wednesday, although the world’s biggest listed fast-fashion retailer said the holiday shopping season had got off to a good start.

Shares of Foot Locker were trading sharply lower Wednesday after the shoe retailer posted a weak quarter and slashed its financial outlook.

Lululemon facing its slowest quarterly growth in more than four years, will have to deal with Wall Street questions on whether it has made significant strides toward fast-tracking trendier styles to its stores to better compete with athleisure upstarts.

Foot Locker Inc. is planning to expand its Home Court basketball serious developed with Nike Inc. in stores worldwide, part of an effort for the longtime partners to mend their frayed relationship. 

Even as its namesake stores struggle while inflation and a range of other anxieties endure, Urban Outfitters Inc. on Tuesday said its shoppers hung in there during the third quarter, giving them more confidence about the key holiday-shopping period.

Gap shares soared 15% premarket on Friday, as a return to growth at all four of its brands after nearly two years encouraged the apparel retailer to lift its annual sales forecast in a robust start to the holiday shopping season.