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Nike and 3 More Companies Raising the Alarm About Tariff Costs
Barrons· 2025-10-16 20:20
Core Insights - Companies are expected to increase prices to safeguard their profit margins [1] Group 1 - The trend of price increases is likely to be widespread across various sectors [1] - Protecting margins is becoming a critical strategy for companies facing rising costs [1]
Fossil Group Announces Notice of Plan Meeting
Globenewswire· 2025-10-16 20:05
Core Points - Fossil (UK) Global Services Ltd is undergoing a restructuring plan under Part 26A of the Companies Act 2006, with a meeting scheduled for creditors to consider the plan [2][4][7] - The restructuring plan involves US $150 million in 7.00% Senior Notes due 30 November 2026 issued by Fossil Group, Inc. [2][7] - The Plan Meeting is set for 6 November 2025, where creditors will vote on the proposed restructuring plan [2][4] Meeting Details - The Plan Meeting will take place at Weil, Gotshal & Manges LLP in London and via video conference, starting at 2:00 p.m. London time [4] - The Record Date for creditors to be eligible to vote is 27 October 2025 [4] - Creditors are encouraged to appoint a proxy to attend the meeting if they cannot be present [5][8] Documentation and Communication - The terms of the Restructuring Plan and the Explanatory Statement are available on the Plan Website [3][7] - Creditors are urged to read the Prospectus and other documents filed with the SEC for important information regarding the restructuring [7][8] - Epiq Corporate Restructuring, LLC is acting as the Information Agent for the Restructuring Plan [9]
Class Action Filed Against V.F. Corporation (VFC) - November 12, 2025 Deadline to Join – Contact The Gross Law Firm
Globenewswire· 2025-10-16 20:00
Core Viewpoint - V.F. Corporation (NYSE: VFC) is facing a class action lawsuit due to allegations of disseminating materially false and misleading statements regarding its turnaround plans for the Vans brand, which has resulted in significant revenue setbacks [3][4]. Summary by Sections Class Period and Allegations - The class period for the lawsuit is from October 30, 2023, to May 20, 2025 [3]. - Allegations include that VFC concealed material adverse facts about the necessity for additional significant reset actions to return the Vans brand to growth, leading to a decline in revenue growth trajectory [3]. Financial Impact - VFC reported a significant decline in Vans' growth trajectory, with losses worsening from an 8% loss in the previous quarter to a 20% loss in the fourth quarter of fiscal 2025 [3]. - The company attributed its disappointing results and below-expectation guidance to "deliberately reduced revenue to eliminate unprofitable or unproductive businesses" and other unannounced actions [3]. - Even without these deliberate actions, Vans would have shown a "high single digit" revenue decline, indicating a slowdown in growth compared to prior years [3]. - Following the announcement, VFC's stock price dropped from $14.43 per share on May 20, 2025, to $12.15 per share on May 21, 2025, marking a decline of approximately 15.8% in one day [3]. Next Steps for Shareholders - Shareholders who purchased VFC shares during the specified timeframe are encouraged to register for the class action, with a deadline of November 12, 2025, to seek lead plaintiff status [4]. - Registered shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [4]. Law Firm Information - The Gross Law Firm is leading the class action, focusing on protecting investors' rights against deceit and fraud [5].
Snap-on's Q3 Earnings Beat Estimates, Organic Sales Rise 3%
ZACKS· 2025-10-16 17:41
Core Insights - Snap-on Inc. reported strong third-quarter 2025 results, with both top and bottom lines exceeding Zacks Consensus Estimates and showing year-over-year growth [1][11] Financial Performance - Adjusted earnings per share reached $4.71, surpassing the Zacks Consensus Estimate of $4.59 and slightly increasing from $4.70 in the same quarter last year [1][11] - Net sales amounted to $1.191 billion, reflecting a 3.8% increase from the previous year and exceeding the Zacks Consensus Estimate of $1.151 billion [2][11] - Gross profit was $605.9 million, up 3.1% year over year, while gross margin contracted by 30 basis points to 50.9% [3] - Operating earnings before financial services totaled $278.5 million, a 10.3% increase year over year, with operating earnings as a percentage of sales rising 140 basis points to 23.4% [4] - Consolidated operating earnings, including financial services, were $347.4 million, up 7.2% year over year, with operating earnings as a percentage of revenues expanding 90 basis points to 26.9% [5] Segment Performance - Sales in the Commercial & Industrial Group increased by 0.5% to $367.7 million, impacted by a slight organic sales decline [6] - The Tools Group segment saw sales rise by 1.1% to $506 million, driven by higher international activity and slight increases in the U.S. [7] - The Repair Systems & Information Group experienced a 10% year-over-year sales improvement to $464.8 million, with organic sales growth of 8.9% [8] - Financial Services revenues rose by 0.7% to $101.1 million [9] Financial Position - As of the end of Q3 2025, Snap-on had cash and cash equivalents of $1.53 billion and shareholders' equity of $5.82 billion [12] - The company anticipates capital expenditures of $100 million for 2025, with $62.5 million already spent in the first nine months [12] Future Outlook - Management expects resilience in markets and operations amid uncertainties, planning to advance core growth strategies and expand into new markets and critical industries [13]
Ray-Ban maker EssilorLuxottica beats quarterly revenue estimates on strong wearables demand
Reuters· 2025-10-16 16:10
Ray-Ban maker EssilorLuxottica reported better than expected third-quarter revenue on Thursday, boosted by strong sales of wearable products and steady growth in North America, its biggest market. ...
Victoria's Secret analysts lift target price on second half 2025 momentum
Proactiveinvestors NA· 2025-10-16 16:09
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs, focusing on medium and small-cap markets, as well as blue-chip companies and broader investment stories [2][3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows, utilizing decades of expertise from its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Kering: Monthly statement on the total number of shares and voting rights (October 2025)
Globenewswire· 2025-10-16 12:14
Kering - Statement Number of Shares and voting rights - 15.10.2025 KeringSociété anonyme with a share capital of €493,683,112Head office: 40, rue de Sèvres – 75007 PARIS552 075 020 RCS PARIS October 16, 2025 Monthly statement on the total number of shares and voting rights(articles L.233-8 of the French Commercial Code and 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers) Date Total number ofshares Total number of voting rights theoreti ...
Bombas CEO Jason LaRose on brick-and-mortar expansion, tariff impact and state of the consumer
CNBC Television· 2025-10-16 11:47
Business Strategy & Expansion - Bombas is opening its first physical retail store in New York City, followed by two more in Florida and Texas [1] - The company's expansion into brick-and-mortar retail is driven by the fact that 65% of sales in the category still occur in physical stores [2] - Bombas has broadened its product line beyond socks to include intimates, t-shirts, slippers, and other footwear [3] Supply Chain & Tariffs - Bombas has a flexible and diversified supply chain, manufacturing products in about nine different countries [4][9] - The company's largest manufacturing countries are Vietnam and Cambodia [9] - The company estimates that over 20% of its supply chain has shifted in the last 6 months due to changing rules and tariffs [10] - Manufacturing in the US is currently not feasible due to a lack of capabilities and yarn production [11] Financial Performance & Consumer Behavior - Bombas' business has been up more than 20% year-over-year [12] - The company's basket size is 10% higher year-over-year, with every business up double digits [13] - Customers are showing trust in the brand, leading to continued success even when the macro environment is uncertain [14] Product Innovation - Bombas' sport socks are moisture-wicking [15] - Marino wool socks are highlighted for their sweat-wicking capabilities [16]
Nike's Comeback: Strong Turnaround Signals Overpower Near-Term Tariff Risks
Seeking Alpha· 2025-10-16 11:00
After the analysis of NIKE's (NYSE: NKE ) (NEOE: NKE:CA ) stock fundamentals and technicals, I am observing that its current valuation is building an investment opportunity for the long term, and with that, I am marking a ‘Buy’ onAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for ...
东北证券:维持361度“买入”评级 品牌影响力持续强化
Zhi Tong Cai Jing· 2025-10-16 08:23
Core Viewpoint - Northeast Securities maintains a "Buy" rating for 361 Degrees (01361), projecting revenue growth of 13.8%/11.1%/10.1% from 2025 to 2027, reaching 11.47 billion/12.74 billion/14.03 billion yuan, and net profit growth of 11.6%/15%/10.3% to 1.28 billion/1.47 billion/1.62 billion yuan [1] Group 1: Sales Performance - The main brand and children's clothing brand of 361 Degrees saw offline retail sales grow approximately 10% year-on-year in Q3, maintaining the same growth rate as Q2 [1] - E-commerce channel revenue outpaced offline growth, with a year-on-year increase of about 20% in Q3, demonstrating strong performance in a fluctuating consumer environment [1] Group 2: Product Innovation - The company has upgraded its product matrix, introducing new models such as the "Flying Burn 4.5" marathon racing shoes and the lightweight "Frenzy 2PRO" basketball shoes, while also expanding outdoor product offerings [2] - Collaboration with Stand Robot Company is underway to enhance the company's involvement in the smart technology sector [2] Group 3: Brand Development - The company showcased its racing family at the Berlin Marathon Expo, debuting the "Flying Burn 5" and "Flying Burn 5 FUTURE" [3] - Continued sponsorship of domestic marathons, including partnerships for the 2025 Tangshan Marathon and 2025 Taishan Marathon, along with hosting its own event, the "2025 No. 3 Track 10KM Racing Series" [3] - The launch of the "JOKER1GT" China colorway and "Teacher Joker China Tour Set" coincided with the first visit of player Jokic to China, aiding in business conversion [3] Group 4: Channel Expansion - The company has partnered with Meituan for rapid delivery services, enabling product delivery within 30 minutes, which enhances offline retail through online traffic [4] - As of the report's end, the total number of stores reached 93, with successful expansion efforts [4] - The first women's sports concept store was opened in Shijiazhuang, enriching the brand's channel image [4]