Fashion
US’ Carter’s Q3 FY25 sales edge down 0.1% to $757.8 mn
The operating income fell 62.2 per cent to $29.1 million, reflecting higher tariffs, increased investment in product quality and store expansion. Adjusted operating income dropped 48.9 per cent to $39.4 million, with an adjusted operating margin of 5.2 per cent versus 10.2 per cent in the previous year.
American apparel company Carter’s, Inc, has reported flat Q3 FY25 sales at $757.8 million, while profit fell sharply due to higher tariffs and restructuring costs.
Net income dropped to $11.6 million from $58.3 million, with adjusted EPS down to $0.74.
The company plans 300 job cuts and 150 store closures to save $35 million annually, while tariffs are expected to impact Q4 earnings by $25–35 million.
Net income plunged to $11.6 million, or $0.32 per diluted share, from $58.3 million, or $1.62 per diluted share, a year earlier. On an adjusted basis, net income was $26.8 million, or $0.74 per diluted share, compared to $59 million, or $1.64 per diluted share, in Q3 FY24, Carter’s said in a press release.
“Our third quarter performance reflected continued improvement in US retail business demand as we achieved positive comparable sales and improved pricing for the second consecutive quarter,” said Douglas C Palladini, chief executive officer (CEO) and president. “However, elevated product costs, in part due to the impact of higher tariffs, as well as additional investment, weighed meaningfully on our profitability.”
For the first nine months (9M) of FY25, Carter’s has reported net sales of $1.97 billion, down 0.6 per cent YoY. Adjusted operating income declined nearly half to $86.5 million, with adjusted earnings per share (EPS) at $1.57, compared with $3.43 a year earlier. Net cash used in operations totalled $136.3 million, compared to net cash inflow of $11.3 million in FY24.
The company has initiated a productivity drive, including the reduction of 300 office-based roles (around 15 per cent of its workforce) and the closure of 150 stores across North America by 2026, measures expected to generate annual savings of about $35 million beginning in 2026, added the release.
Looking ahead, the company warned that new US import tariffs could have a pre-tax earnings impact of $200–250 million annually. Vietnam, Cambodia, Bangladesh, and India now account for about 75 per cent of Carter’s sourcing, with China contributing less than 3 per cent. The company expects a $25–35 million hit to pre-tax income in Q4 FY25 due to tariff pressures.
Carter’s has also secured commitments for a new five-year $750 million asset-based revolving credit facility to strengthen liquidity and is evaluating refinancing options for its $500 million senior notes maturing in 2027.
Fibre2Fashion News Desk (SG)
Published
October 30, 2025
We already knew Topshop would be coming back to the high street in a deal with John Lewis, but we didn’t know how fast it would happen.
When the partnership was announced a little while ago, the two flagged a February debut but now ASOS (which still part-owns and fully manages Topshop) has said it’s launching pop-ups in John Lewis as early as 3 November.
Why the rush? Well, ASOS said Topshop is “responding to demand from eager fans” ahead of the full launch later in 32 John Lewis stores.
The pop-ups won’t be in all 32 branches, however. Instead, Topshop will be available in four stores across the country with pop-ups taking centre stage on the womenswear floor of John Lewis’s London Oxford Street flagship, plus the Bristol, Leeds, and Liverpool stores.
Each pop-up will feature a curated selection of around 30 “fashion-forward pieces, changing weekly. Expect statement outerwear, iconic denim, cult knits and must-have partywear”. For those who can’t get to the stores, it will all be available via the John Lewis app too.
The company said that to celebrate its residency, the first 100 customers in each store will receive a Topshop tote bag, with further giveaways planned throughout the six-week takeover.
And fitting with Topshop’s Oxford Circus flagship history, the John Lewis Oxford Street Topshop pop-up will host weekly DJ Sessions every Thursday evening from 13 November. Each week, a guest DJ will be “bringing live music and energy to shoppers in-store”.
ASOS certainly can’t be accused of going low-key with this Topshop revival having already staged a runway takeover of Trafalgar Square and opened in a space in upmarket department store Liberty. And it seems to be paying off so far.
Michelle Wilson, MD of Topshop, said: “We’ve seen an incredible response to Topshop’s return, and we know our customers are excited to shop the brand in person again. By taking our Winter and Party collections beyond London, the Topshop pop-ups bring our signature energy and style to locations across the UK, just in time for the festive season.”
Running through to Christmas, the pop-ups offer a seasonal snapshot of Topshop’s collection, and include “elevated essentials”, as well as “directional denim and statement pieces that channel the brand’s unmistakable attitude”.
Rachel Morgans, director of fashion at John Lewis, added that the retailer has been “listening to how excited [customers] are for Topshop’s return, so as their sole nationwide partner, this felt like the perfect moment for a ‘teaser’ pop-up. It’s an exciting glimpse of what’s to come next year”.
As mentioned, in February, the brand will launch in 32 John lewis stores, with Topman being available in six of them.
Copyright © 2025 FashionNetwork.com All rights reserved.
Translated by
Nazia BIBI KEENOO
Published
October 30, 2025
Gucci, the Kering Group fashion house, is venturing into the world of technical winter sportswear with an exceptional athlete who began his journey as a young ski champion before rising to the top of global tennis. Fittingly, Jannik Sinner will serve as the global brand ambassador for Gucci’s first technical mountainwear collection, titled “Altitude,” launching worldwide for Autumn/Winter 2025/26.
Drawing inspiration from the precision of technical snowwear and the Maison’s long-standing heritage in leisurewear, the men’s and women’s collection spans ready-to-wear, accessories, footwear, and a curated selection of high-performance equipment developed in partnership with HEAD. The range includes skis, poles, snowboards, sports bags, and helmets adorned with Gucci’s iconic Web stripe.
Blending advanced performance with the Maison’s signature design codes, the collection features innovative technical materials and cutting-edge construction. The pieces are crafted from breathable three-layer fabrics, feature water-repellent finishes, and include functional details such as ski pass pockets and touchscreen-compatible inner panels. Completing the range is a line of eyewear — including ski goggles and wraparound sunglasses — both prominently displaying the Gucci logo.
The result is a collection defined not by spectacle, but by precision, power, and poise — traits embodied by athlete Jannik Sinner, who has been aptly chosen as the global brand ambassador. “I have always loved the mountains, and this shoot took place in an absolutely incredible setting,” said Sinner. “Gucci always comes up with extraordinary ideas, but this one was truly magical and an experience I will never forget,” he added, speaking about the campaign set against striking alpine scenery.
The campaign positions “Altitude” as the perfect balance between performance and sophistication. Alpine wear is reimagined through a modern lens, with each piece designed to move seamlessly with its environment — marrying form, function, and elegance.
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Copyright © 2025 FashionNetwork.com All rights reserved.
By
AFP
Published
October 30, 2025
Demand for gold hit a record high in the third quarter as the the precious metal’s price hit all-time highs on geopolitical unrest, industry data showed Thursday.
Total demand grew three percent year-on-year in the July-September period to 1,313 tonnes, the World Gold Council said, as the metal perceived as a safe haven investment benefitted from the Russia-Ukraine war and the Israel-Gaza conflict.
That was the highest level of demand by volume since the WGC began compiling such records around 25 years ago.
“Various regional conflicts, the increasing rhetoric around trade conflicts, all of that combines really to just create this atmosphere of heightened uncertainty” and boost demand for gold, WGC analyst Louise Street told AFP.
A surge in buying, driven by central banks, coincided with gold’s price striking record after record this year.
However since the metal struck an all-time peak in October of $4,381.52 an ounce, it has fallen heavily on profit taking.
Gold demand by value surged 44 percent year-on-year to a record $146 billion in the third quarter, the WGC added in its report.
The US government shutdown and expectations of more cuts to Federal Reserve interest rates, which is weighing on the dollar, have lent additional support to gold’s price in recent months according to analysts.
There has been strong demand for gold via Exchange-Traded Funds on stock markets. ETFs allow investment without trading on the gold futures market.
The high-price environment has, however, dampened jewellery demand, according to the WGC.
It dropped 23 percent to 419.2 tonnes in the July-September period, the lowest third quarter since 2020 when the Covid pandemic took hold around the world.
Street called gold’s recent retreat to around $4,000 an ounce “a healthy correction… that helps to wash out some of that more frothy, perhaps short-term speculative positioning”.
Copyright © 2025 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.
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