Under Armour Inc on Friday warned that higher transportation costs would squeeze its earnings in the current quarter, as the sportswear maker wrestles with COVID-19-led disruptions to its supply chain.
Asics EMEA is bouncing back from the pandemic year and said consolidated net revenues rose 13.7% in 2021.Operating income rose 121.8% to €83.1 million and it saw profitable growth across all categories and channels.
Urban Outfitters on Thursday reported a 14.2% uptick in fiscal 2022 net sales for the year ended January 31, compared to pre-pandemic levels in fiscal 2020, driven by double-digit comp growth during the 12 months.
Canada Goose Holdings Inc, cut its full-year revenue and profit forecasts on Thursday, as Omicron-related restrictions dampen demand for the company's luxury parkas and footwear, sending its shares down nearly 20%.
Tapestry Inc raised its full-year revenue and profit forecast on Thursday as consumers splurge on luxury handbags and apparel in the United States and Europe, boosting the Kate Spade owner's shares 3% in premarket trade.
Pittards is recovering, the high-end leather and leather goods producer/retailer said Thursday, reflected in a stronger set of trading figures for the year ended 31 December, boosted by a good second half performance.
Watches of Switzerland continued to prosper in Q3 — the 13 weeks to the end of January — and the company’s strong trading means it now expects its full-year figures to be near the top end of its earlier forecast.