Apparel, Accessories & Luxury Goods

HUMAN MADE extended its gains sharply for a fifth consecutive session. On the 17th, the company announced that it will open its first flagship store, HUMAN MADE TOKYO, in Harajuku, Tokyo, on September 26. HUMAN MADE TOKYO will be the brand's largest flagship store by floor area and is positioned as a new base for broadcasting to the world from Tokyo.

Duangdao Mahanavanont, Chief Executive Officer of Sabina Public Company Limited, or SABINA, disclosed that sales in the third quarter of 2026, from July through the present, have begun to recover in the retail channel, which is the main channel with the largest share of sales, covering both sales through Sabina shops and Sabina counters in department stores. She expects the key factor to be the launch of new product collections across both the lingerie and non-lingerie groups, which have been well received by consumers. Earlier, SABINA reported second-quarter 2026 results showing that the retail channel, which accounts for 56% of revenue, saw sales fall 9.4% compared with the same period a year earlier, while the no-store retail channel, or NSR, which accounts for 35%, saw sales drop 13.5%, and the original equipment manufacturing channel, or OEM, which accounts for 9%, saw sales rise 1.5%. Duangdao said the return of sales in the retail channel in the third quarter is starting to be a clearer positive signal, even though overall purchasing power may be lower because of household debt problems and the shift into an ageing society. The company will turn these obstacles into opportunities by offering good-quality products at prices that are not too high, while managing costs efficiently in both sourcing and raw material cost management, and she is confident it can maintain profitability, especially the net profit margin, or NPM, this year in line with the target set. In dealing with Chinese goods in the online channel, SABINA is focusing on research and development of new innovations such as SMART STRETCH lingerie, and stated that it has not been significantly affected by online platforms raising their gross profit, or GP, fees, because it is one of the leading brands in the online market and still maintains good margins from the platforms. As for its strategy going forward, it will add new product lines, especially activewear in line with the exercise trend, such as HYROX competitions and running, which is expanding the non-lingerie product portfolio, and it is expected to rise to 5% of the total portfolio this year in line with the target.

Amer Sports reported second-quarter results on August 18 that beat its own guidance and then raised its full-year outlook. Revenue climbed 32% to $1.63 billion, adjusted operating profit nearly tripled, and diluted earnings per share reached $0.18, with every region and segment posting double-digit growth. Technical Apparel grew 32% to $674 million, Outdoor Performance rose 37% to $569 million, and Ball & Racquet Sports increased 24% to $390 million. The company raised full-year 2026 guidance to roughly 24% reported revenue growth, a gross margin of 60.5% to 61.0%, an operating margin of 14.2% to 14.5%, and diluted EPS of $1.27 to $1.30. Gross margin expanded 710 basis points to 65.6%, but 390 of those points came from net tariff refunds, and third-quarter revenue growth is guided at 18% to 20%, well below the 32% just reported.

Tapestry has enabled in-app shopping for Coach and Kate Spade through Google's Gemini app and Google Search. The rollout connects Tapestry's product catalog to Google's AI shopping tools, letting users browse and buy without visiting brand websites. Transactions use Universal Commerce Protocol to support direct, secure checkout for Coach and Kate Spade inside Google's platforms. The company runs global luxury brands across accessories and lifestyle products, so the move plugs its Coach and Kate Spade labels into one of the largest AI-enabled shopping funnels available to US consumer companies. Rivals such as LVMH and Capri Holdings are also pushing harder into AI-driven discovery, leaving open whether Tapestry's brands can convert that traffic into full-price, high-margin demand.

CUBE, the AI-native regulatory intelligence company, announced a collaboration with IBM to add a new Regulatory Horizon Scanning capability within IBM watsonx.governance. The integration embeds CUBE's global regulatory intelligence directly into watsonx.governance, giving enterprises continuous visibility into regulatory developments affecting their AI systems worldwide. The capability continuously monitors AI-related regulatory developments from authoritative sources, automatically capturing updates from regulators, legislative bodies, standards organisations and industry associations, and making them available within existing AI governance workflows. The collaboration follows partnerships CUBE announced earlier this year with Microsoft and ServiceNow, and comes as requirements emerge across jurisdictions ranging from the EU's AI Act to the NIST AI Risk Management Framework. Ben Richmond, Founder and CEO of CUBE, said regulatory intelligence is becoming a foundational layer of how AI itself is governed, while Maryam Ashoori, VP of watsonx.governance Product and Engineering at IBM, said CUBE brings a depth of regulatory expertise and global reach few providers can match.

Compagnie Financiere Richemont SA announced a total dividend of $0.54 per share, consisting of a $0.12 per share special dividend and a $0.41 per share cash dividend, with an ex-dividend date of 2026-09-17 and payment on 2026-10-13. The luxury goods conglomerate, whose Jewellery Maisons including Cartier and Van Cleef & Arpels account for over 70% of revenue, carries a 12-month trailing dividend yield of 1.76% and a forward yield of 1.91%. Its annual dividend growth rate was 7.90% over three years, 20.30% over five years, and 5.90% over the past decade, giving a five-year yield on cost of approximately 4.43%. As of 2026-03-31, the payout ratio stood at 0.53, with a profitability rank of 10 out of 10 and a growth rank of 10 out of 10, though three-year earnings per share declined about 5.20% annually and revenue grew roughly 0.30% per year.

Sabina Public Company Limited, or SABINA, disclosed that sales in the third quarter of 2026, from July to date, have begun to recover, particularly through retail channels, which are the main channel accounting for the largest share of sales, including sales through Sabina shops and Sabina counters in department stores. Chief Executive Officer Duangdao Mahanavanont stated that a key factor was the launch of new product collections in both the lingerie and non-lingerie groups, which were well received by consumers. Although overall purchasing power may be lower due to household debt problems and the transition into an aging society, the company has shifted to focus on efficient cost management and is confident it can maintain profitability, especially the net profit margin this year, in line with its target. As for coping with Chinese products in online channels, the company has continuously monitored and assessed the impact, focusing on research and development of new innovations. Regarding the increase in online platform fees, the company has not been significantly affected, since SABINA is one of the leading brands in the online market and continues to maintain good margins from online platforms. In addition, the company aims to increase its portfolio of non-lingerie products to 5% of the total portfolio within this year, in line with its plan.

Duangdao Mahanavanont, Chief Executive Officer of Sabina Public Company Limited, or SABINA, disclosed that sales in the third quarter of 2026, starting from July, have begun to show a recovery in the retail channel, which is the company's main channel with the largest share of sales, covering both sales through Sabina shops and Sabina counters in department stores. She expects the key factor to be the launch of new collections in both the lingerie and non-lingerie product groups, which have been well received by consumers. Earlier, SABINA reported its second-quarter 2026 results, with the retail channel, which accounts for 56% of revenue, seeing sales fall 9.4% compared with the same period a year earlier. The non-store retail channel, or NSR, which accounts for 35%, saw sales drop 13.5%, while the original equipment manufacturing channel, or OEM, which accounts for 9%, posted sales growth of 1.5%. The company said it remains on track to maintain its net profit margin target for this year as planned, and expects its portfolio of non-lingerie products to expand to 5% of the total portfolio within this year, in line with its target.

Amer Sports, Inc. updated its long-term financial algorithm and raised third quarter 2026 guidance ahead of its Investor Day in Annecy, France. The company now expects third quarter 2026 year-over-year revenue growth of 20 to 22 percent, up from its previous guidance range of 18 to 20 percent, with adjusted operating margin slightly above the high end of its prior 13.5 to 14 percent range. For the long term, Amer Sports Group reiterated an annual revenue CAGR of low-double digits to mid-teens and annual adjusted operating margin expansion of 30 to 70-plus basis points, with an effective tax rate approaching 25 percent. Within the group, the Technical Apparel and Outdoor Performance segments are each expected to grow revenue at a mid-teens annual CAGR with adjusted operating margin expansion of 20 to 60-plus basis points, while the Ball & Racquet segment is guided to mid-to-high single digit annual revenue growth with the same 20 to 60-plus basis point margin expansion. CEO James Zheng credited strong growth across all three segments, and CFO Andrew Page pointed to Arc'teryx, Salomon Softgoods, and Wilson Tennis 360 as the company's three key growth engines.

Wrangler has unveiled the Blue Bell Collection, its most premium men's line to date, a limited-run capsule debuting September 16 that pairs archival silhouettes with raw Japanese selvedge denim, full-grain suede, plush shearling, and copper hardware. The collection takes its name from Blue Bell Inc., the early 20th-century workwear company that acquired the Wrangler brand in 1943. "While Wrangler has a celebrated history of high-profile partnerships, the Blue Bell Collection marks our first standalone entry into the premium space," said Holly Wheeler, Vice President of Global Brand Marketing. Defining pieces include a Cowboy Cut Raw Selvedge Jean cut from raw Japanese selvedge with a "Wrangler Blue" cast, a hand-crafted leather Leather Aviator Jacket with sherpa collar lining, a full-grain suede Cowboy Cut Suede Jean in deep cognac, and a Suede Shearling Wrangle Coat modeled after the brand's 1950s range coat. The Fall26 Blue Bell collection ranges in price from $399.99 to $1,399.99 and launches on Wrangler.com, with the brand planning to expand availability to select retailers for future collections as it pushes into top-tier boutiques and premium retail environments globally.

Hugo Boss has appointed Michael Murray, the chief executive of Frasers, as its new chairman, tightening Mike Ashley's grip on the German fashion brand. Mr Murray, who is Mr Ashley's son-in-law, was elected head of the supervisory board on Tuesday morning, just 24 hours after Stephan Sturm stepped down amid pressure from Frasers. The appointment marks a victory for Mr Ashley's retail giant, which has built a stake of about 48pc in Hugo Boss after launching a takeover attempt earlier this year, and Frasers has said it intends to increase its holding beyond 50pc, which would give it majority control of the German retailer. Hugo Boss also said Robert Palmer, a former company secretary at Frasers and one of Mr Ashley's senior lieutenants, would join its supervisory board, subject to appointment by the local court. Mr Sturm had been chairman for just 16 months, having been elected in May 2025, and Hugo Boss terminated its share buyback programme earlier this month after Frasers said it intended to take its stake above 50pc.

Vera Bradley delivered total revenue growth of 1.1% in its second quarter, the second consecutive quarter of expansion as the Project Sunshine transformation gains traction. Direct segment revenue grew 8% with comparable sales up 9.2%, while indirect channel revenue contracted 39% due to intentional shifts in marketplace strategy and a strategic reduction in liquidation sales to protect brand equity. Gross margin expanded by more than 40 basis points excluding tariff refunds, and inventory levels were reduced by 28% year-over-year. The company received $8 million in net tariff refunds during the quarter, providing a non-recurring 980 basis point benefit to the reported gross profit rate, and ended the quarter with $34.2 million in cash and zero debt, doubling its prior year cash position. Vera Bradley reiterated fiscal 2027 guidance with expected sales between $255 million and $270 million and at least a 50% improvement in non-GAAP operating profit.

Ralph Lauren Corporation increased marketing spending to 8.2% of sales in the first quarter of fiscal 2027, up from 7.5% a year earlier, as the company continues to treat brand investment as a driver of long-term desirability, customer acquisition and lifetime value. The higher spend funded key brand-building activations worldwide, including the spring global campaign and the men's fashion show, along with evergreen platforms such as Wimbledon and the recently created Grass Court in Central Park. Management said it remains comfortable with its approximately 8% marketing investment guide for fiscal 2027 and noted that marketing is not viewed as having a fixed ceiling, citing strong returns on the spending. Looking ahead, as Ralph Lauren expands operating margins, it expects to further invest in marketing to strengthen brand desirability and consumer engagement. The company's shares have lost 16% in the past three months compared with the industry's 3% decline, and RL trades at a forward price-to-earnings ratio of 17.33 versus the industry's average of 14.55, while carrying a Zacks Rank #3 (Hold).

Carter's unveiled a new brand identity and marketing campaign on Tuesday, as the children's clothing company works to attract a younger generation of parents and build on a recent business turnaround. The rebrand centers on a new brand promise, "Let every child's light shine," and a refreshed logo in which a shooting star replaces the apostrophe in the Carter's wordmark, with a new 60-second film called "Watch Them Glow" debuting across connected television as the first major marketing expression of the new direction. Chief Marketing Officer Sarah Crockett told CNBC that the company sees a significant shift in its core customer base, with Gen Z expected to account for a large share of new parents over the next several years. The new identity will begin rolling out across Carter's channels in 2026, with additional retail, product, and packaging elements to follow in 2027, alongside a creator program called Light Makers and expanded partnerships with organizations including Outward Bound and Boys & Girls Clubs of America. The rebrand comes as Carter's works to recover from a difficult stretch: over the past three years its stock has lost more than half its value, leaving a market capitalization of roughly $1 billion, and in fiscal year 2025 it posted adjusted net income of $126.1 million, down from $210.7 million the year prior. Since cutting 15% of corporate staff and closing 150 stores across North America, Carter's has pointed to a 10.5% rise in U.S. comparable sales during the first quarter of 2026 and a mid-teens percentage increase in Gen Z customers in the second quarter, and Sharon Price John, formerly the CEO of Build-A-Bear Workshop, told CNBC the generational change in who is buying children's clothing represents the most significant shift in the parent demographic the company has encountered in a quarter century.

Vince Holding Corp. shares rose more than 36% in Monday trading as investors began factoring in the company's recent OVO acquisition. The New York City-based apparel company acquired OVO's operating business last month, including its stores, e-commerce platform, wholesale relationships, operating companies, assets and liabilities in Canada, the U.S., and the United Kingdom. As part of the transaction, Authentic Brands Group separately acquired the majority of OVO's intellectual property; Vince paid a nominal amount for the operating business and $6M for a 5% equity interest in the new IP-owning entity, with Authentic owning 51% and rapper Drake owning 44%. Vince also secured an exclusive 10-year license to use the OVO brand IP to manufacture and sell licensed apparel globally, paying royalties to Authentic, a structure expected to let Vince control the commercial execution of OVO without purchasing majority ownership of the brand itself. Shares were up 36.9% at 12:37 p.m. and traded as high as $7.28 earlier in the session.

Ralph Lauren declared a quarterly dividend of $1.00 per share, in line with its previous payout. The dividend carries a forward yield of 1.18%. It is payable Oct. 9 to shareholders of record as of Sept. 25, with the ex-dividend date also set for Sept. 25.

Peacebird held its 2026 semi-annual results briefing online on the afternoon of September 11, attended by chairman and general manager Zhang Jiangping, chief financial officer and board secretary Wang Qinglin, and independent director Chen Lingguo. In the first half of 2026, the company achieved operating revenue of 2.878 billion yuan, a slight year-on-year decline of 0.72 percent; net profit attributable to the parent was 102 million yuan, a sharp year-on-year increase of 30.89 percent; non-GAAP net profit was 50.71 million yuan, surging 269.91 percent year on year; and net cash flow from operating activities was 241 million yuan, compared with minus 262 million yuan in the same period last year. By channel, direct retail revenue was 1.442 billion yuan, up 2.73 percent year on year; online channel revenue was 771 million yuan, up 3.06 percent year on year; and franchise channel revenue was 640 million yuan, down 10.32 percent year on year, making it the only negative-growth segment dragging down overall revenue. In terms of stores, the total number of stores at the end of the first half of 2026 was 2,861, with a net closure of 137 stores, including a net reduction of 54 directly operated stores and 83 franchise stores. Notably, non-recurring gains and losses in the 102 million yuan net profit attributable to the parent reached as high as 51.0091 million yuan, of which government subsidies recognized in current profit and loss amounted to 35.9782 million yuan.

Jim Cramer said lululemon athletica inc. is executing really poorly and flagged a possible fall to roughly $85 from $103.19, where the stock closed on September 8, more than 50% below its 52-week high of $225.98. The warning follows a weak second quarter in which revenue fell 4% to $2.4 billion, comparable sales declined 9%, and Americas revenue fell 8% with comparable sales down 12%. Lululemon cut its fiscal 2026 revenue forecast to $10.35 billion-$10.50 billion from $11 billion-$11.15 billion and reduced EPS guidance to $9.48-$9.73 from $10.95-$11.15, while leggings sales fell approximately 20% in the quarter and its athleisure market share slipped to 43.9% in August as Alo Yoga and Vuori gained share. Interim Co-CEO Meghan Frank said the company expected a better response than it is seeing entering the second half of the year, and the company guided third-quarter revenue to $2.29 billion-$2.32 billion, a 10%-11% decline from a year earlier. Insider Monkey's tracking of more than 1,000 hedge funds shows 51 hedge funds held Lululemon in the second quarter, down from 61 in the first quarter, with Citadel Investment Group the largest holder after increasing its stake by 84% to 1.07 million shares, while short interest stood at approximately 9%-11% of the float.

Jiansheng Group announced on the evening of September 11 that as of September 10, the company had repurchased a cumulative 20.0886 million shares through centralized bidding, accounting for 5.86 percent of its current total share capital. The highest transaction price was 14.55 yuan per share and the lowest was 10.27 yuan per share, with cumulative funds paid totaling approximately 234 million yuan including transaction fees. The announcement showed that the company held the twenty-first meeting of the sixth board of directors on September 18, 2025, and convened the fifth extraordinary shareholders' meeting of 2025 on October 10 of the same year, at which the repurchase plan was reviewed and approved. The plan agreed to use its own funds and a special stock repurchase loan from China CITIC Bank to repurchase shares through centralized bidding, with total repurchase funds not exceeding 300 million yuan and not less than 150 million yuan, a repurchase price not exceeding 14.69 yuan per share, and a repurchase period from October 10, 2025 to October 9, 2026. The company carried out its first repurchase on October 15, 2025. The company stated that it will strictly implement repurchases within the repurchase period based on market conditions in accordance with relevant regulations, and fulfill its information disclosure obligations in a timely manner.

Vince Holding Corp. raised its fiscal 2026 outlook for its Vince business to net sales growth of approximately 8% to 10%, with adjusted EBITDA of approximately 9% to 9.5% of net sales, while outlining a path for its newly acquired OVO brand to reach $100 million-plus in revenue by fiscal 2030. The raised guidance covers only the Vince business and excludes OVO, and also excludes transaction and integration costs related to the acquisition while including the benefit of tariff refunds, CFO Yuji Okumura said on the company's second-quarter fiscal 2026 earnings call. For the third quarter, Vince expects net sales to increase approximately 5% to 8% and adjusted EBITDA of approximately 8.5% to 9.5% of net sales. Total company net sales rose 11.7% to $81.8 million in the second quarter, including a $10.4 million benefit from tariff refunds, with net income of $10.6 million, or $0.80 per diluted share, and adjusted net income of $13.5 million, or $1.02 per diluted share. CEO Brendan Hoffman said the August 27 acquisition of the operating business of OVO is the next chapter of the company's multi-brand platform strategy beyond Vince in partnership with Authentic, and that the company plans to expand OVO's store and e-commerce footprint in the U.S., launch OVO wholesale through national department store relationships, and open 5 to 6 Vince stores in Canada. Okumura said OVO earnings net of transaction costs are expected to be neutral to the business in fiscal 2026 and accretive in fiscal 2027, with calendar 2026 sales relatively flat to calendar 2025 on a pro forma basis as the company reinvests in inventory and marketing.

Vince Holding Corp. acquired OVO's operating business to enter the global streetwear market, deepening its partnership with Authentic Brands Group through a 5% stake in OVO's intellectual property and a long-term license to manufacture and sell product. The company delivered 12% sales growth in the quarter, driven by full-price transactions in core categories like woven tops and seasonal knits, and raised its full-year fiscal 2026 sales growth outlook to 8%-10% for the Vince brand. Vince is targeting OVO revenue of $100 million+ by fiscal 2030, expanding OVO's retail footprint from 12 to approximately 20 doors and launching U.S. wholesale in the second half of next year; OVO is expected to be earnings neutral in fiscal 2026 and accretive in fiscal 2027. Second-quarter results included $10.4 million in tariff refunds, which significantly boosted gross margin and adjusted EBITDA, alongside $2.9 million in transaction costs related to the OVO acquisition, while guidance for the second half of fiscal 2026 assumes $2.6 million in remaining tariff refunds offset by incremental freight and product cost pressures. The acquisition structure involves a 44% IP stake held by Drake, who remains committed to the brand's creative direction, and management said the OVO deal serves as a blueprint for future multi-brand acquisitions in continued partnership with ABG.

Vince reported second-quarter net sales rose 11.7 percent to $81.8 million from $73.2 million a year earlier, with gains across all channels, and raised its full-year sales and earnings per share outlook. The increase was driven by a 13.7 percent rise in the direct-to-consumer segment and a 10.4 percent rise in wholesaling. Income from operations was $13.6 million, while adjusted income from operations, including a benefit from tariff refunds, was $16.4 million versus $5.5 million a year earlier. Gross profit was $49.8 million, or 60.9 percent of net sales, including a favorable $10.4 million impact from tariff refunds; excluding that benefit, the gross margin rate was 48.2 percent. Net income was $10.6 million, or 80 cents per diluted share, compared with $12.1 million, or 93 cents per diluted share, a year earlier. Chief executive officer Brendan Hoffman said the recent completion of the OVO acquisition marks a pivotal moment for the company, and Vince, which owns 5 percent of OVO after Authentic Brands Group acquired a 51 percent stake, becomes OVO's core apparel and retail licensee, with plans to open three OVO stores in the U.S. over the next 12 months and as many as five or six Vince stores in Canada.

G-III Apparel Group reported second-quarter fiscal 2027 earnings that beat guidance and raised its full-year non-GAAP earnings per diluted share guidance to $2.20 to $2.30, while reiterating net sales guidance of approximately $2.71 billion. The company also completed the acquisition of Marc Jacobs, which it expects to be slightly dilutive for the remainder of fiscal 2027 but accretive thereafter. Second-quarter net sales were $554 million, down from $613 million a year earlier, reflecting the exit of Calvin Klein and Tommy Hilfiger licenses, partially offset by high single-digit growth in the go-forward portfolio. Gross margin expanded 440 basis points to 45.2%, and non-GAAP EPS was $0.26, above the guidance range of $0.15 to $0.25. The company ended the quarter with nearly $530 million in cash and approximately $1 billion in available liquidity, and it expects Marc Jacobs to generate approximately $360 million in global sales this year, with a long-term goal of $1 billion in annual revenue.