Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.

Missteps by previous management has led the British retailer's CEO to caution that a turnaround will take up to three years.

Missteps by previous management has led the British retailer's CEO to caution that a turnaround will take up to three years.

Julian Dunkerton won a bitter battle to rejoin the board in April, prompting the resignation of all its directors.

Julian Dunkerton won a bitter battle to rejoin the board in April, prompting the resignation of all its directors.

The reshuffle comes two months after the return of Superdry founder Julian Dunkerton sparked the resignation of most of the board.

The reshuffle comes two months after the return of Superdry founder Julian Dunkerton sparked the resignation of most of the board.

The warning comes just over a month after Julian Dunkerton returned to lead a turnaround.

The warning comes just over a month after Julian Dunkerton returned to lead a turnaround.
ADVERTISEMENT

The return of Julian Dunkerton sparked the exit of most of its board members, including top executives.

The return of Julian Dunkerton sparked the exit of most of its board members, including top executives.

The apparel retailer's board had opposed founder Julian Dunkerton's return, saying it would be highly disruptive and could trigger resignations.

The apparel retailer's board had opposed founder Julian Dunkerton's return, saying it would be highly disruptive and could trigger resignations.

Superdry, shares in which slumped 68 percent over the last year, has already said that it does not want founder Julian Dunkerton back, asking shareholders to vote against him

Superdry, shares in which slumped 68 percent over the last year, has already said that it does not want founder Julian Dunkerton back, asking shareholders to vote against him
ADVERTISEMENT
The brands Gap and Banana Republic beat comparable sales estimates.
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
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.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
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.
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
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.
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.