U.S. stock market midday update: Lanvin down 10.29%, market worries about intensified competition and the impact of investment agreements on stock prices

U.S. Stock Market Midday Update Lanvin fell 10.29%, with increased trading volume. Based on recent news, On January 23, the world's largest consumer goods investment company, L Catterton, announced an investment agreement with the French high-end salon perfume brand EXNIHILO, initiating a strategic partnership. This news raised market concerns about Lanvin's future competitiveness, leading to a drop in its stock price. On January 23, the French haute couture luxury brand Schiaparelli announced the opening of its first permanent store in Asia at Prince's Building in Central, Hong Kong. This move was interpreted by the market as a potential threat to Lanvin's position in the Asian market, further depressing its stock price. The competition in the luxury goods industry is intensifying, and market sentiment is cautious. Stocks with High Trading Volume in the Industry Lululemon fell 1.49%. Based on recent news, On January 20, Lululemon paused online sales of its new "Get Low" series due to overly transparent fabric, raising market concerns about its quality control, and the stock price dropped 6.49%. On January 21, Lululemon founder Chip Wilson publicly criticized the company's management for poor strategy, further exacerbating market uncertainty about the company's future development. On January 22, activist investment firm Elliott Management announced it holds over $1 billion in Lululemon shares and plans to exert influence over the company, causing stock price volatility. The athletic apparel market is highly competitive, and Lululemon faces challenges. Tapestry rose 0.67%. Based on recent news, On January 21, Citigroup raised Tapestry's target price from $124 to $152. This move reflects market confidence in the company's future growth, driving the stock price up. On January 22, Tapestry's annualized return over the past five years was 32.17%, significantly outperforming the market. The company's market capitalization reached $27.37 billion, and investors are confident in its long-term performance, further supporting the stock price. On January 22, Tapestry announced it will hold a conference call on February 5 to discuss its second-quarter results for fiscal year 2026. The market expects the company to release strong financial results, boosting investor sentiment. The market is confident in Tapestry's future growth. Yamamoto Sports rose 2.71%. Based on recent news, On January 23, Truist analyst Joseph Civello raised Yamamoto Sports' target price to $46 and reiterated a buy rating. The analyst believes the company's business has lasting growth momentum, and this news boosted market confidence, driving the stock price up On January 21, Citigroup released a report indicating that Anta Sports' retail sales performance in the fourth quarter of 2025 met market expectations, with growth from the Fila brand and other brands slightly exceeding expectations. Citigroup reiterated its buy rating on Anta and set a target price of 112.7 yuan, believing the company's current valuation is attractive. Although the main brand of Anta performed slightly below expectations, the overall performance still exceeded market expectations, boosting market sentiment in the related sector. There are no other significant news recently. The overall market performance is stable, and the retail industry is performing strongly. Stocks ranked at the top of the industry by market capitalization Ralph Lauren rose by 0.78%. Based on recent news, On January 21, Ralph Lauren Corporation submitted a preliminary beneficial ownership statement to the U.S. Securities and Exchange Commission. The document listed Cesar Conde as a director and beneficial owner. This news may have enhanced market confidence in the company's governance structure, driving the stock price up. On January 20, a news brief released by 1stdibs.com Inc. mentioned Ralph Lauren, although specific details are unclear, it may have sparked market interest and increased trading activity. There are no other significant news recently. Market trading is active, with noticeable capital inflow