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X @The Economist
The Economist· 2025-09-12 17:00
Gone are the days when fashionistas worth their Vogue subscription wore Lululemon leggings for the coffee run, school run or just to run. Hotter rivals are gaining ground https://t.co/2UjpAqdJlSPhoto: Getty Images https://t.co/tPqv8X1c1x ...
X @Bloomberg
Bloomberg· 2025-09-12 11:34
Anta will ramp up expansion in Southeast Asia, aiming for 1,000 stores in three years after sales nearly doubled in the first half of 2025 https://t.co/nasGcypKYB ...
Majestic Ideal Holdings Ltd Announces Approval of Name Change to "Ping An Biomedical Co., Ltd." at Extraordinary General Meeting
Globenewswire· 2025-09-12 09:55
Group 1 - The Company has officially approved a proposal to change its name from "Majestic Ideal Holdings Ltd" to "Ping An Biomedical Co., Ltd" during an Extraordinary General Meeting of Shareholders [1][3] - The name change will take effect upon the approval of the Registrar of Companies in the Cayman Islands and the issuance of the certificate of incorporation [4] - The Meeting authorized directors and the secretary to notify the Cayman Islands Registrar of Companies and complete necessary filings for the name change [5] Group 2 - The Board of Directors believes the name change will enhance the Company's corporate image and align with its strategic focus on biomedical and healthcare technologies [6] - The Company is committed to driving innovation and positioning itself as a leader in the biomedical and healthcare industry [6] - Majestic Ideal Holdings Ltd is a one-stop SCM service provider in the apparel industry, also dedicated to delivering innovative solutions in healthcare and biomedical technology [7]
Oxford Industries Surges 24% As Q2 Earnings Beat Estimates
Financial Modeling Prep· 2025-09-11 18:50
Core Insights - Oxford Industries shares surged over 24% following the release of better-than-expected second-quarter earnings despite the impact of tariffs on sales [1] - The company reported adjusted earnings of $1.26 per share, exceeding the expected $1.18, while revenue decreased by 4% year-over-year to $403.1 million, slightly below the consensus of $406.14 million but within guidance [1][2] Financial Performance - Gross margin was recorded at 61.7%, a decline from 63.3% the previous year, but still better than anticipated, with tariffs contributing approximately $9 million in additional costs [2] - Sales by brand showed a decline: Tommy Bahama down 6.6% to $229 million, Lilly Pulitzer down 1.5% to $90.3 million, and Johnny Was down 9.7% to $45.4 million, while the Emerging Brands segment grew by 17% to $38.5 million [2] Future Outlook - The company reaffirmed its full-year guidance, projecting revenue between $1.475 billion and $1.515 billion, and adjusted EPS ranging from $2.80 to $3.20 [3] - Management indicated that they have mitigated about half of their $80 million tariff exposure through accelerated receipts and changes in sourcing [3]
Oxford Industries Q2 Earnings: Not Much To Celebrate
Seeking Alpha· 2025-09-11 18:33
Group 1 - Oxford Industries, Inc. reported fiscal Q2 results that led to a 20% surge in stock price [1] - The company continues to post weak financials, but a bottom line beat contributed to the positive market reaction [1] Group 2 - The company operates in the lifestyle apparel sector, which has been facing challenges [1]
Vince Stock Soars After Strong Q2 Report
Yahoo Finance· 2025-09-11 18:32
Vince shares soared more than 100 percent Thursday after the contemporary brand reported second-quarter results that beat expectations. Vince is known for its California-inspired laid-back contemporary styling, but there was certainly nothing laid-back about Wall Street’s reaction to the report, as investors propelled the stock up more than 100 percent to $3.57 by midday Thursday. More from WWD The brand indicated that it benefited from greater full-price selling, less discounting and healthy levels of pr ...
EssilorLuxottica: Disclosure of Share Capital and Voting Rights Outstanding as of August 31, 2025
Globenewswire· 2025-09-11 16:00
Core Points - As of August 31, 2025, EssilorLuxottica has a total of 463,145,529 shares outstanding [3] - The number of real voting rights, excluding treasury shares, is 461,157,737 [3] - The theoretical number of voting rights, including treasury shares, remains the same at 463,145,529 [3] - Voting rights for any shareholder are capped at 31%, as per the company's by-laws [3][2]
Top Stock Movers Now: Centene, Micron Technology, Oracle, and More
Yahoo Finance· 2025-09-11 15:36
Company Highlights - Centene (CNC) shares increased after the company reaffirmed its guidance, which was above analysts' estimates [2][4] - Micron Technology (MU) saw its shares rise following Citi's price target increase from $150 to $175, driven by rising demand for DRAM chips and AI products [2] - Opendoor Technologies (OPEN) shares surged after announcing a new CEO, reinstating co-founders on the board, and securing a $40 million investment [2] - Oxford Industries (OXM) shares advanced as the parent company of Tommy Bahama, Lilly Pulitzer, and Johnny Was exceeded earnings estimates and expressed optimism about current-quarter sales despite new U.S. tariffs [3] - Netflix (NFLX) shares declined following the resignation of Chief Product Officer Eunice Kim, who played a key role in combating password sharing [4] - Oracle (ORCL) shares experienced a sell-off after a significant 36% increase the previous day, making it the worst-performing stock in the S&P 500 [3][4] Market Overview - U.S. equities showed gains at midday, with the S&P 500 and Nasdaq reaching record highs, supported by positive inflation and unemployment reports that bolstered confidence in a potential Federal Reserve interest rate cut [1][4] - The Dow Jones Industrial Average rose by more than 1% [1]
Why Oxford Industries Stock Jumped 23% Today
Yahoo Finance· 2025-09-11 15:14
Group 1 - Oxford Industries reported mixed second-quarter results, with a 4.1% year-over-year sales decline to $403 million and adjusted earnings dropping from $2.77 to $1.26 per diluted share [2][3] - Despite the disappointing financials, the stock surged by 23.3% in early trading, as the earnings exceeded analyst expectations of approximately $1.18 per share and sales near $406 million [3][9] - The stock remains down 39% over the past year, trading at low valuations of 13.7 times earnings and 0.5 times sales, indicating ongoing challenges for the company [5][9] Group 2 - The company reiterated its sales and earnings guidance for fiscal year 2025, reflecting a cautious outlook amid lower analyst projections [6] - Oxford Industries is taking on debt to finance dividends and store openings, which raises concerns about its turnaround strategy given the declining store traffic [7] - The recent stock price increase is viewed as a recovery from a significant decline rather than a sign of a genuine business recovery [5][9]
Retail Challenges Hit Vera Bradley As Sales Drop Across All Channels
Yahoo Finance· 2025-09-11 14:24
Core Viewpoint - Vera Bradley reported a significant decline in fiscal Q2 2026 revenue, missing analyst expectations, which led to a drop in stock price [1][6]. Revenue Performance - Consolidated net revenues from continuing operations decreased by 24.6% to $70.9 million, falling short of Wall Street's forecast of $78.5 million [1]. - Direct segment revenue fell by 16.2% to $60.5 million compared to $72.2 million a year earlier, with comparable sales dropping by 17.3% [3]. - Indirect segment revenue saw a substantial decline of 52.5%, down to $10.3 million from $21.8 million, attributed to lower orders from key accounts and reduced liquidation activity [4]. Loss and Sales Trends - The company managed to narrow its adjusted net loss to 2 cents per share, outperforming the expected loss of 15 cents [2]. - Comparable sales experienced a 17.3% decline, indicating lower conversion rates across various sales channels [2][3]. Strategic Initiatives - The company is undergoing a product design revamp, reintroducing iconic styles while balancing fabrics, silhouettes, and prints [5]. - A comprehensive strategy involving merchandising, innovation, marketing, and multi-channel engagement is being implemented to reconnect with loyal customers and attract new audiences [5]. - The company closed seven underperforming full-line stores and one outlet as part of its footprint rationalization efforts [3].