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Shares: Adidas recovers following positive Citigroup outlook

Adidas shares benefited from a positive outlook from Citigroup on the reporting season on Friday morning. Shares in the Herzogenaurach-based company climbed by up to 1.4 percent on the Tradegate trading platform to almost 139 euros (162.4 dollars), above their previous day's closing price on Xetra. Technical chart resistance is expected at the...

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Hugo Boss expects business recovery only in 2027

Shareholders of fashion group Hugo Boss will need to remain patient as the company continues to navigate a challenging market environment. After feeling the impact of weak consumer sentiment in recent months, Hugo Boss has signaled that 2026 will serve as a transition year, with significant adjustments planned across its assortment and...

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Kering shares rise after third-quarter sales beat expectations

Shares in the French luxury group Kering rose sharply on the Paris Stock Exchange on Thursday. This followed the release of its third-quarter sales, which, despite a 10 percent decline, surpassed market expectations. The stock was up sharply by 8.12 percent to 332.35 euros at around 9:25 am CET, in a market that rose by 0.27 percent. “Kering has...

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Kering shares jump on sale of beauty division to L'Oreal

The share price of Kering, the French luxury group that owns Gucci and other brands, jumped sharply Monday after it announced the $4.6 billion sale of its beauty products division to L'Oreal. Its shares soared more than five percent at the opening of Paris trading, following its announcement Sunday of the deal that would also give L'Oreal...

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Analysis: Victoria’s Secret & Co. navigates market volatility with strategic pivot and focus on core strengths

Victoria's Secret & Co., the US-based specialty retailer, operates primarily in the apparel sector, focusing on intimate apparel, loungewear, and beauty products. Its core activities revolve around the design, marketing, and sale of its merchandise under the Victoria's Secret and PINK brand names. The recent analysis of the company's financial...

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Puma share price falls

Recent takeover speculation surrounding sportswear manufacturer Puma SE cooled somewhat on Thursday. Puma's share price fell 4.3 percent to 22.28 euros. This made its shares among the biggest losers on the MDAX by midday. The share price had jumped by almost 17 percent to 23.28 euros midweek. One month ago, the share price hit a low of 17.045...

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Puma share price boosted by Adidas merger speculation

Puma's shares, which have struggled this year, received a further boost on Tuesday from speculation about a possible merger with Adidas. The shares had already gained some ground the previous day after an investor suggested a merger in an interview on Friday. Now the debate has widened. Puma's share price rose by 4.2 percent, reaching its...

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Adidas and Puma shares defy Lululemon disappointment

Looming high share losses at competitor Lululemon did not affect Adidas and Puma on Friday. While Adidas shares ended up 0.8 percent higher after a subdued start, Puma's share price was moderately above breakeven, at 0.4 percent. Meanwhile, Lululemon's share price was heading for a 17 percent slump in pre-market US trading due to a disappointing...

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Analysis: Tapestry reaches new peak as stock soars in August

New York-based Tapestry, Inc. is a leading American multinational holding company specializing in luxury fashion accessories and lifestyle products. The company's portfolio includes two brands: Coach and Kate Spade New York. This analysis comes at a pivotal time for Tapestry, following its recent fiscal year results and the strategic decision to...

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Swatch's US business strength boosts luxury goods sector

Swatch shares rose sharply on Wednesday afternoon. After jumping to 151 francs, they were last up 4.4 percent at 147.55 francs. Several traders cited reassuring statements in a conference call on US business. The watch group assured that the market was developing strongly. They also stated that tariffs were manageable. There was no official...

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Puma share price analysis: Factors influencing performance and investor perspective

Puma SE: navigating a dynamic sportswear landscape Puma SE, a German multinational corporation, operates within the athletic and lifestyle apparel, footwear, and accessories sector. The company's core activities encompass the design, development, manufacturing, and marketing of a comprehensive range of products for professional athletes and...

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Nordstrom Profit Tops Street, Lifts Outlook; Shares Up 11 percent

Shares of Nordstrom Inc. (JWN) jumped 11 percent in extended hours on Thursday after the department store chain reported a second-quarter profit that trumped Wall Street estimates and lifted its full-year earnings outlook. Seattle-based Nordstrom's second-quarter profit plunged to 117 million dollar or 0.67 dollar per share from 211 million...