These are the stories making headlines in fashion on Wednesday.
Estée Lauder Posts Strong Q4 Sales
Estée Lauder projected fiscal 2027 adjusted earnings per share of $3.10 to $3.35, topping analysts’ average estimate. The company credited strong spending by younger shoppers on trending brands like Le Labo and Balmain Beauty. “For fiscal 2027, we are affirming our confidence to accelerate organic sales growth. In addition, we are raising our outlook for an even stronger adjusted operating margin, as we double down on our strengths to further diversify growth across product categories and geographies, including accelerating growth in North America,” Stéphane de La Faverie, president and CEO, said in a statement. {Estée Lauder}
Target Shows Signs of Recovery in Q2
Target reported its second straight quarter of gains, with net sales up 5.3% and net earnings rising to $1.8 billion, or $4.11 per share. CEO Michael Fiddelke noted strength across most categories, though he said apparel and home sales remained “barely positive.” The company raised its full-year sales growth forecast to around 5%, with earnings per share now projected between $9.90 and $10.90. {Target}
Outerwear Brands Embrace Warm Weather
Canada Goose, Moncler and other winter-focused outerwear brands are expanding into warm-weather lines, with campaigns like Canada Goose’s “We do summer, too” signaling the shift. Executives cite a slowing luxury market and hotter climates as key drivers, with Canada Goose noting non-outerwear sales have grown from 5% to nearly 40% of revenue in five years. Rather than simply lightening winter designs, brands apply the same technical construction — waterproofing and breathability — to summer-ready pieces. {Vogue Business/paywalled}
TJX Lifts Outlook Amid Shift to Discounts
TJX raised its full-year profit guidance despite a slowdown at its Marmaxx division, home to T.J. Maxx and Marshalls, where same-store sales rose just 1%, down from 3% a year earlier. CEO Ernie Herrman points to growth at HomeGoods and the company’s international operations for offsetting the decline. Second-quarter sales climbed to $15.18 billion, exceeding estimates, with net income rising to $1.52 billion, or $1.36 per share. {TJX}
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