Fashion Business Daily

Kering Strikes a Cautious Tone and Analysts Cut Targets Ahead of Its October 22 Sales

Saturday, October 3, 2026 · 9 min

Fashion Business Daily cover art

Kering's pre-close analyst call left Barclays, Citi, Jefferies and others cutting targets, while Goldman Sachs bought $220 million of Shein stock to steady its listing. Plus Galeria's fourth insolvency in six years and ChatGPT's new virtual try-on.

Listen

Listen to the audio episode

Read the episode transcript

Show notes

Kering's pre-close analyst call left Barclays, Citi, Jefferies and others cutting targets, while Goldman Sachs bought $220 million of Shein stock to steady its listing. Plus Galeria's fourth insolvency in six years and ChatGPT's new virtual try-on.

In this episode

  1. Kering confirms a challenging end to summer for luxury | MarketScreener — Thomas Barnet

    Kering confirms a challenging end to summer for luxury | MarketScreener # Kering confirms a challenging end to summer for luxury Overnight, numerous analysts cut their price targets on Kering. Generally, that is a sign of a significant event. In this case, it reflects the consequences of the conference call held by the group to frame research firms' expectations ahead of the quarterly…

  2. Goldman Sachs Shein IPO $220mn Greenshoe Purchase — Headlinesbriefing

    Goldman Sachs stabilisation purchase in Shein reaches $220mn after weak Hong Kong IPO Igor Krasulya 19 hours ago # Goldman Sachs stabilisation purchase in Shein reaches $220mn after weak Hong Kong IPO Goldman backs Shein IPO Shein's post-listing slide in Hong Kong is forcing its underwriting banks to support trading after the fast-fashion group's long-awaited market debut disappointed…

  3. Galeria files for insolvency proceedings once again - FashionNetwork — FashionNetwork

    Galeria files for insolvency proceedings once again - FashionNetwork By DPA Published October 2, 2026 # Galeria files for insolvency proceedings once again By DPA Published October 2, 2026 The struggling department store chain Galeria has filed for insolvency with the Düsseldorf Local Court. Operations at its 83 stores will continue for the time being, the company told the German Press…

  4. ChatGPT Adds Virtual Try-on, Upping Its Online Shopping Offering — Evan Clark

    OpenAI Puts ChatGPT In The Fitting Room With New Virtual Try-On Tool - Web And IT News # OpenAI Puts ChatGPT in the Fitting Room With New Virtual Try-On Tool Leave a Comment / By Web & IT News Editor / October 2, 2026 OpenAI just handed ChatGPT a new role. The AI chatbot can now generate images of clothes and accessories on a user’s own body. The feature rolled out globally on Oct. 1,…