Tag: Apparel and Textile Products

Zara owner Inditex reported a jump in sales of its autumn/winter collection on Wednesday, boosting its share price as the world’s largest listed fashion retailer recovered from a summer marred by poor weather.

Expectations of bumper second quarter sales growth at Zara owner Inditex have been dashed by a wet and cold June in its biggest market of Spain, analysts and investors said ahead of earnings due on Wednesday.

The company now expects full-year net revenue to be between $10.38 billion and $10.48 billion, down from a previous range of between $10.7 billion and $10.8 billion. Lululemon anticipates earnings per share will be in a range of $13.95 to $14.15, down from previous guidance of $14.27 to $14.47.

American Eagle missed Wall Street’s sales targets for a second quarter in a row on Thursday, but profits grew by nearly 60% thanks in part to lower product costs.

Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins, sending its shares down 12% in premarket trading.

The beleaguered sneaker company’s same-store sales grew 2.6% during its fiscal second quarter, far better than the 0.7% uptick that analysts had expected, according to StreetAccount. Its gross margin also expanded for the first time in more than two years.

Shares of PVH Corp. fell nearly 8% in the extended session Tuesday after the parent company of Calvin Klein and Tommy Hilfiger reported a better-than-expected second quarter, but said that its business environment in the all-important Asia Pacific region has faced challenges.

Hugo Boss’ second-biggest shareholder, British sports and fashion retailer Frasers has filed a request to acquire more shares in the German company, according to a filing with the German competition authority seen by Reuters on Friday.

UK sportswear retailer’s quarterly results boosted by the opening of 85 stores this year

Same-store sales rise in Q2 at Free People and Anthropologie, but sink 9.3% at Urban Outfitters locations

Tapestry stock was rising early Thursday after the fashion company beat earnings expectations.

Victoria’s Secret stock was climbing Wednesday after the lingerie maker announced the appointment of a new chief executive.

Shares of On Holding were trading sharply lower after the Swiss sneaker company topped sales estimates but earnings were a bit light.

Total revenue fell 13.2% year-over-year to $1.07 billion for the fiscal quarter that ended on June 29. On a constant currency basis, total revenue decreased by 12.1% during the quarter. Total company retail sales declined in the low-double-digits, with trends being impacted by softening demand globally for fashion luxury goods.

Under Armour posted a surprise first-quarter profit on Thursday, benefiting from its efforts to cut inventory and promotions at a time when consumers are picky with what they spend their dollars on.

Ralph Lauren Corp posted a rise in quarterly revenue on Wednesday, benefiting from steady demand for its pricey denims and polo shirts in Europe and Asia.

Deckers Outdoor lifted guidance after reporting Thursday better-than-expected fiscal first quarter results, driven by “robust” demand for Hoka and Ugg brands. 

Kering shares tumbled on Thursday after the Gucci owner reported a sharp drop in second-quarter sales and said it could see a 30% slump in firm-wide profits in the second half of 2024.

Eyewear giant EssilorLuxottica has agreed to buy US streetwear brand Supreme for $1.5bn, expanding its brand portfolio beyond eyewear and lenses for the first time.

German sportswear maker Adidas is increasing its full-year earnings guidance after a better than expected second quarter, it said on Tuesday, in its second upgrade this year.