Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Somerset, United Kingdom
Retail
Clarks to Cut 900 Office Jobs as Covid-19 Strains Cash Flow
The high-street shoe retailer had been struggling in an increasingly competitive market even before the coronavirus hit, reporting a loss of almost £83 million ($101 million) in the year ended February 2, 2019
Clarks to Cut 900 Office Jobs as Covid-19 Strains Cash Flow
The high-street shoe retailer had been struggling in an increasingly competitive market even before the coronavirus hit, reporting a loss of almost £83 million ($101 million) in the year ended February 2, 2019
Retail
Mulberry Sales Improve After Tough Year
Mulberry Group Plc said sales have improved since November as a new management team tries to restore the fortunes of the struggling UK handbag maker.
Mulberry Sales Improve After Tough Year
Mulberry Group Plc said sales have improved since November as a new management team tries to restore the fortunes of the struggling UK handbag maker.
Financial Markets
Mulberry Signals Worst May Be Behind It as Profit Drop Eases
Mulberry Group Plc said careful cost control meant annual earnings were better than estimated, as a new management team tries to restore the fortunes of the struggling UK handbag maker.
Mulberry Signals Worst May Be Behind It as Profit Drop Eases
Mulberry Group Plc said careful cost control meant annual earnings were better than estimated, as a new management team tries to restore the fortunes of the struggling UK handbag maker.
Financial Markets
Mulberry Reports First-Half Loss After Abandoning Move Up-Market
Mulberry Group Plc, the troubled luxury handbag maker, reported a first-half loss as a failed attempt to move upmarket continued to weigh on the company’s performance.
Mulberry Reports First-Half Loss After Abandoning Move Up-Market
Mulberry Group Plc, the troubled luxury handbag maker, reported a first-half loss as a failed attempt to move upmarket continued to weigh on the company’s performance.
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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.