Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Sri Lanka
Sustainability
Cyclone in Sri Lanka Impacts Multiple Garment Factories
A week after devastating floods, the industry association in Sri Lanka says multiple large facilities have been impacted, as recovery efforts for affected workers are underway.
Cyclone in Sri Lanka Impacts Multiple Garment Factories
A week after devastating floods, the industry association in Sri Lanka says multiple large facilities have been impacted, as recovery efforts for affected workers are underway.
Global Markets
Sri Lankan Apparel and Textile Exports Rise Almost 23% in 2021
The value of the sector reached $5.42 billion after fashion exports rose 22.93 percent year-on-year in 2021, according to provisional data released by the Sri Lanka Export Development Board.
Sri Lankan Apparel and Textile Exports Rise Almost 23% in 2021
The value of the sector reached $5.42 billion after fashion exports rose 22.93 percent year-on-year in 2021, according to provisional data released by the Sri Lanka Export Development Board.
News & Analysis
Three Children of Asos Billionaire Killed in Sri Lanka Attacks
"All but one of Anders Holch Povlsen’s four children have died after series of explosions"
Three Children of Asos Billionaire Killed in Sri Lanka Attacks
"All but one of Anders Holch Povlsen’s four children have died after series of explosions"
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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.