Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Monaco
Global Markets
Bally Back on Growth Path, Says CEO
Bally, the long-struggling Swiss leather goods maker, is back in growth mode after years of stagnant sales, buoyed by more contemporary designs and solid demand from Japanese and US buyers, its chief executive said.
Bally Back on Growth Path, Says CEO
Bally, the long-struggling Swiss leather goods maker, is back in growth mode after years of stagnant sales, buoyed by more contemporary designs and solid demand from Japanese and US buyers, its chief executive said.
Technology
Cartier Owner Sees Wealth Gap Fueling Social Unrest
Johann Rupert, the founder and chairman of Richemont, said tension between the rich and poor is set to escalate as robots and artificial intelligence fuel mass unemployment.
Cartier Owner Sees Wealth Gap Fueling Social Unrest
Johann Rupert, the founder and chairman of Richemont, said tension between the rich and poor is set to escalate as robots and artificial intelligence fuel mass unemployment.
News & Analysis
Louis Vuitton and the Business of Globe-Trotting Cruise Collections
BoF sits down with chief executive Michael Burke and artistic director Nicolas Ghesquière to understand the thinking behind Louis Vuitton’s push into the ready-to-wear market.
Louis Vuitton and the Business of Globe-Trotting Cruise Collections
BoF sits down with chief executive Michael Burke and artistic director Nicolas Ghesquière to understand the thinking behind Louis Vuitton’s push into the ready-to-wear market.
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The News in Brief
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.