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The lawsuit was filed by the City of Birmingham Firemen’s and Policemen’s Supplemental Pension System. Its law firm Robbins Geller Rudman & Dowd specializes in securities fraud. It is common for shareholders to sue companies in the United States after what they consider unexpected share price declines. The case is City of Birmingham Firemen’s and Policemen’s Supplemental Pension System v Ryanair Holdings Plc, U.S. District Court, Southern District of New York, No. 18-10330.

(Reuters) - Michael Kors KORS.N shares slumped 16 percent on Wednesday as the fashion group missed Wall Street estimates for quarterly revenue, hurt by lower sales at its stores in Europe, where it is struggling to create a stronger luxury identity, 3d hogwarts crest cufflinks Kors has been stocking fewer of its signature handbags in its European stores, a move it says is aimed at creating scarcity and driving more full-price sales of its label in a region where fashion consumers have long sought products from Louis Vuitton owner LVMH (LVMH.PA) or Gucci parent Kering (PRTP.PA)..

But revenue from Kors’ stores in France, Germany and other parts of Europe fell nearly 10 percent during the quarter ended September, causing overall retail revenue of $643.9 million to fall short of analysts’ estimates by roughly $17 million. Kors cut overall inventories by 11 percent, which Chief Executive Officer John Idol said was “a little aggressive” given stronger than anticipated demand for its new line of designer handbags. “We need to get in a better inventory position,” Idol said on a conference call with analysts. “We believe we’re going to be there for (the quarter ending December), but it will be more toward the tail end.”.

Still, consumer interest in the Michael Kors brand among European consumers is lacking, Bernstein analyst Jamie Merriman said, citing social 3d hogwarts crest cufflinks media and Google trends data, “You’re still seeing pressure from a little bit of over exposure of the brand and you haven’t seen a bounce back in consumer interest yet,” Merriman said, Kors is trying to target rich Europeans by acquiring smaller but established labels as consumer passion for its eponymous brand cools, It is spending over $2 billion to buy Italian luxury designer Versace in a deal announced September..

Revenue from Jimmy Choo, the British luxury shoe brand bought by Kors last year, also missed expectations. It underscored concerns that Kors was still facing trouble attracting younger consumers to Jimmy Choo, a brand made popular in the 1990s by Princess Diana and “Sex and the City.”. Kors’ overall revenue rose 9.3 percent to $1.25 billion in the quarter ended September, missing analysts’ expectations of $1.26 billion, according to IBES data from Refinitiv. The miss was the first since the quarter that ended December 2016.

BERLIN (Reuters) - Adidas (ADSGn.DE) cut its 2018 revenue forecast on Wednesday after third quarter sales fell in western Europe, where 3d hogwarts crest cufflinks it was hit by changing fashions and Nike’s (NKE.N) gains in soccer, While the German sportswear firm has been taking market share in North America, its U.S, rival has been powering ahead in Europe, helped by a strong showing by Nike-sponsored teams at the soccer World Cup and its Phantom range launch, Adidas shares, which have gained 12 percent in the last year, were down 2.3 percent by 0954 GMT after it cut its 2018 target for currency-neutral sales growth to between 8 to 9 percent from “around 10 percent”..

Chief Executive Kasper Rorsted has focused on improving profitability at Adidas since he took over in 2016, by focusing on growing in North America and Asia and pushing ecommerce, where margins are higher than in stores. Adidas said it now expects 2018 net income from continuing operations to grow 16 to 20 percent, compared with previous guidance of 13 to 17 percent. After an earlier warning that western European sale were likely to be flat in the second half, Adidas said the region’s currency-adjusted sales fell 1 percent in the third quarter.

Rorsted said Adidas had relied too much on shoes like its retro Stan 3d hogwarts crest cufflinks Smith and Superstar that have fallen out of fashion, and not enough on sports performance gear, “We are a sports company, We should have done a better job in the sports channel,” he told journalists, Adidas had also failed to react quickly enough to demand for its new styles like Continental shoes, and had overpriced some goods, all factors it is now addressing, Rorsted added, Adidas continued to grow fast elsewhere, with sales up 16 percent in North America and by 15 percent in Asia-Pacific..

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