Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Manchester, United Kingdom
Retail
UK Consumer Spending Disappointed in November, Surveys Show
With card spending falling and retail sales growth at its weakest since May, retailers reported disappointing Black Friday results.
UK Consumer Spending Disappointed in November, Surveys Show
With card spending falling and retail sales growth at its weakest since May, retailers reported disappointing Black Friday results.
Retail
Report: Top Audit Firms Decline to Work With Boohoo
Four accounting companies, including Deloitte and Grant Thornton, have already ruled out working with Boohoo, the Telegraph reported on Tuesday.
Report: Top Audit Firms Decline to Work With Boohoo
Four accounting companies, including Deloitte and Grant Thornton, have already ruled out working with Boohoo, the Telegraph reported on Tuesday.
Retail
Boohoo Review Finds ‘Unacceptable Issues’ in Leicester Supply Chain
The review found that some workers had not always been properly compensated for their work and that many were not fully aware of their rights.
Boohoo Review Finds ‘Unacceptable Issues’ in Leicester Supply Chain
The review found that some workers had not always been properly compensated for their work and that many were not fully aware of their rights.
Retail
Boohoo Shares Plunge After Suspending Business With Suppliers
Shares dropped as much as 17 percent in afternoon trading in London after the Guardian cited auditors’ findings that more than a dozen UK suppliers may be paying substandard wages.
Boohoo Shares Plunge After Suspending Business With Suppliers
Shares dropped as much as 17 percent in afternoon trading in London after the Guardian cited auditors’ findings that more than a dozen UK suppliers may be paying substandard wages.
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Beauty
Report: The Hut Group Poised to Launch $5.9 Billion London IPO
The deal could be priced by mid-September and is likely to raise around £1 billion through the sale of new and existing shares, according to sources familiar with the matter.
Report: The Hut Group Poised to Launch $5.9 Billion London IPO
The deal could be priced by mid-September and is likely to raise around £1 billion through the sale of new and existing shares, according to sources familiar with the matter.
Retail
Boohoo Tells UK Home Secretary It's Probing Charges of Malpractice
The fast fashion retailer said it supports proposals for a licensing scheme that would ensure all garment factories are meeting legal obligations.
Boohoo Tells UK Home Secretary It's Probing Charges of Malpractice
The fast fashion retailer said it supports proposals for a licensing scheme that would ensure all garment factories are meeting legal obligations.
Retail
Boohoo to Stop Working With Suppliers That Don't Meet Standards
An early investigation revealed the factory in Leicester, which came under fire for paying workers as little as $4.38 an hour, was not a declared supplier and was no longer trading as a garment manufacturer.
Boohoo to Stop Working With Suppliers That Don't Meet Standards
An early investigation revealed the factory in Leicester, which came under fire for paying workers as little as $4.38 an hour, was not a declared supplier and was no longer trading as a garment manufacturer.
Retail
Boohoo to Investigate Supply Chain Practices After Health Report
A garment workers' rights group accused the fast fashion e-tailer of putting workers at Leicester factories at risk of coronavirus infection.
Boohoo to Investigate Supply Chain Practices After Health Report
A garment workers' rights group accused the fast fashion e-tailer of putting workers at Leicester factories at risk of coronavirus infection.
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Retail
Boohoo Acquires Warehouse and Oasis Brands
The Manchester Based Group, which also owns Nasty Gal and prettylittlething, paid £5 million for the struggling British apparel companies.
Boohoo Acquires Warehouse and Oasis Brands
The Manchester Based Group, which also owns Nasty Gal and prettylittlething, paid £5 million for the struggling British apparel companies.
Retail
Boohoo Buys Out PrettyLittleThing Shareholders for $331 Million
After the purchase Boohoo will retain over £350 million, leaving it in a strong position for future acquisitions.
Boohoo Buys Out PrettyLittleThing Shareholders for $331 Million
After the purchase Boohoo will retain over £350 million, leaving it in a strong position for future acquisitions.
Retail
JD Sports Suspends Final Dividend to Save Cash Amid the Covid-19 Crisis
The British sportswear retailer further delayed the publication of its full-year results and announced Chairman Peter Cowgill will forgo 75 percent of his salary.
JD Sports Suspends Final Dividend to Save Cash Amid the Covid-19 Crisis
The British sportswear retailer further delayed the publication of its full-year results and announced Chairman Peter Cowgill will forgo 75 percent of his salary.
Retail
Boohoo Sales Growth Declines Amid the Coronavirus Outbreak
The online clothing retailer said its performance has recovered in recent weeks with improved year-on-year growth in group sales during April.
Boohoo Sales Growth Declines Amid the Coronavirus Outbreak
The online clothing retailer said its performance has recovered in recent weeks with improved year-on-year growth in group sales during April.
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.