Capri Holdings (UK) reported Q3 revenue decreased 11.6% to $1.26 billion. Loss from operations was $590 million, compared to income of $122 million a year ago. Net loss was $547 million, compared to net income of $105 million last year. Revenue fell for all brands.

• Michael Kors, which accounts for about 72% of Capri’s revenue, saw sales fall 12% in Q3.
• Capri estimates total revenue for fiscal 2025 of approximately $4.4 billion. For fiscal 2026, total revenue is estimated to fall to $4.1 billion.

Ralph Lauren (USA) reported Q3 sales rose 11% to $2.14 billion, beating analysts’ expectations.  Comparable store sales rose 12%.  Net income rose 7.8% to $307.9 million.

• For Q4, Ralph Lauren said it expects revenue to grow by about 6% to 7%, up from previous estimates of 3% to 4%.

Under Armour (USA) reported Q3 revenue fell 6% to $1.40 billion, but was above analysts’ expectations. North American revenue was down 8%, while international revenue fell 1%.  Operating income was $13.5 million, down from $71 million a year ago.

• E-commerce sales fell 20% as the company reduced promotions.  Wholesale fell 1%.
• For the full year, revenue is expected to fall by 10%, with an operating loss of $179 to $189 million.

Tapestry (USA) reported Q2 2025 revenue rose 5% to $2.20 billion, driven by sales of Coach which rose 11% to $1.71 billion.  In the quarter ended Dec 28, sales of Kate Spade fell 10%, while Stuart Weitzman sales were down 15%.

• Tapestry anticipates fiscal 2025 revenue at $6.85 billion, about 3% above 2024.

Amazon (USA) reported Q4 net sales increased 10% to $187.8 billion, with North American sales up 10% and international sales up 8%.  Operating income rose 61% to $21 billion, from $13 billion a year ago. Net income doubled to $20 billion year-on-year.

• In Q4 Amazon surpassed Walmart as the world’s largest company by quarterly revenue.

Liberated Brands (USA) has filed for Chapter 11 bankruptcy protection, due in part to losing part of the license for the Boardriders brand portfolio.  It has held the license for retail and ecommerce for Billabong, Roxy, Quiksilver, RVCA, Honolua and Boardriders, which are owned by Authentic Brands Group (USA).

• Liberated’s listed creditors hold unsecured claims ranging from $566 million to $3.2 billion.