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.
Bury, United Kingdom
Retail
JD Sports Restores Outlook as Sales Start To Recover
The sportswear retailer predicted full-year profit would be at least £265 million ($349 million).
JD Sports Restores Outlook as Sales Start To Recover
The sportswear retailer predicted full-year profit would be at least £265 million ($349 million).
Retail
JD Sports Full-Year Profit Beats Expectations
The British sportswear chain has weathered the retail storm thanks to its international footprint.
JD Sports Full-Year Profit Beats Expectations
The British sportswear chain has weathered the retail storm thanks to its international footprint.
News & Analysis
JD Sports to Buy Smaller Rival Footasylum
The sports retailer, which raised its stake in Footasylum to over 18 percent last month, has agreed to buy the smaller rival in a deal valued at up to £90.1 million.
JD Sports to Buy Smaller Rival Footasylum
The sports retailer, which raised its stake in Footasylum to over 18 percent last month, has agreed to buy the smaller rival in a deal valued at up to £90.1 million.
Financial Markets
UK Retailer JD Sports' Full-Year Profit Beats Expectations
British retailer JD Sports Fashion Plc reported a 57 percent jump in full-year headline profit before tax and exceptional items, as sales of sports and fashion products continued to surge on the UK high street.
UK Retailer JD Sports' Full-Year Profit Beats Expectations
British retailer JD Sports Fashion Plc reported a 57 percent jump in full-year headline profit before tax and exceptional items, as sales of sports and fashion products continued to surge on the UK high street.
ADVERTISEMENT
Financial Markets
JD Sports Shares Hit Record High as Profit Set to Beat Estimates
JD Sports Fashion Plc, one of the UK’s leading sportswear retailers, rose to the highest since the company’s 1996 initial public offering after saying profit will be ahead of analysts’ projections.
JD Sports Shares Hit Record High as Profit Set to Beat Estimates
JD Sports Fashion Plc, one of the UK’s leading sportswear retailers, rose to the highest since the company’s 1996 initial public offering after saying profit will be ahead of analysts’ projections.
ADVERTISEMENT
The News in Brief
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.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.