Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Turkey
Global Markets
How Turkish Brands Conquered the ‘Rest of the World’
Turkish fast-fashion giants LC Waikiki, Koton and DeFacto have rolled out hundreds of stores in high-growth, high-risk frontier markets like Albania, Uganda and Mongolia where rivals H&M and Zara have little or no presence.
How Turkish Brands Conquered the ‘Rest of the World’
Turkish fast-fashion giants LC Waikiki, Koton and DeFacto have rolled out hundreds of stores in high-growth, high-risk frontier markets like Albania, Uganda and Mongolia where rivals H&M and Zara have little or no presence.
Global Markets
Inside Turkey’s Powerful Fashion Factories
Turkish manufacturers like Kipas are harnessing vertical integration, innovation and speed-to-market to help Asos and other brands ‘nearshore’ their supply chains and diversify away from China.
Inside Turkey’s Powerful Fashion Factories
Turkish manufacturers like Kipas are harnessing vertical integration, innovation and speed-to-market to help Asos and other brands ‘nearshore’ their supply chains and diversify away from China.
Global Markets
Turkey’s Apparel Industry Outlines Post-Election Priorities for President
The country’s runoff election came to an end on May 28 with the incumbent Recep Tayyip Erdogan securing another term, prompting calls for economic stability from sector leaders in the fashion manufacturing hub.
Turkey’s Apparel Industry Outlines Post-Election Priorities for President
The country’s runoff election came to an end on May 28 with the incumbent Recep Tayyip Erdogan securing another term, prompting calls for economic stability from sector leaders in the fashion manufacturing hub.
Global Markets
Turkey’s FLO in Talks to Take Over Reebok’s Stores in Russia
FLO chairman Mehmet Ziylan said a deal had not been finalised, denying a report in Russian daily Kommersant that the company had already taken over the business.
Turkey’s FLO in Talks to Take Over Reebok’s Stores in Russia
FLO chairman Mehmet Ziylan said a deal had not been finalised, denying a report in Russian daily Kommersant that the company had already taken over the business.
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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.