Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Greenwich, United States
Financial Markets
LVMH-Backed Private Equity Fund Sees More US Job Growth Coming in June
L Catterton Co-Chief Executive Michael Chu said he expects job growth this month will outpace the rise in May.
LVMH-Backed Private Equity Fund Sees More US Job Growth Coming in June
L Catterton Co-Chief Executive Michael Chu said he expects job growth this month will outpace the rise in May.
Financial Markets
Jessica Alba's Honest Co. Gets Investment From L Catterton
The $200 million investment from the private equity firm, which is for a minority stake in the business, will help Honest Co. bolster its supply chain and global reach
Jessica Alba's Honest Co. Gets Investment From L Catterton
The $200 million investment from the private equity firm, which is for a minority stake in the business, will help Honest Co. bolster its supply chain and global reach
Financial Markets
Starwood Said to Offer $1.2 Billion US Shopping Malls for Sale
Starwood is selling malls it had acquired from Westfield Corp. including assets in Chicago, San Francisco and Cleveland.
Starwood Said to Offer $1.2 Billion US Shopping Malls for Sale
Starwood is selling malls it had acquired from Westfield Corp. including assets in Chicago, San Francisco and Cleveland.
Global Markets
Yoga Wars: Start-up Yogasmoga Shakes Up Activewear Market
In a little more than two years, Yogasmoga has made a case for itself as Lululemon 2.0. The company shares many attributes with the latest crop of nascent e-commerce darlings: a slick and colour-saturated web store, high-end US manufacturing, and opulent products with price points in the sweet spot between the Gap and Prada.
Yoga Wars: Start-up Yogasmoga Shakes Up Activewear Market
In a little more than two years, Yogasmoga has made a case for itself as Lululemon 2.0. The company shares many attributes with the latest crop of nascent e-commerce darlings: a slick and colour-saturated web store, high-end US manufacturing, and opulent products with price points in the sweet spot between the Gap and Prada.
ADVERTISEMENT
ADVERTISEMENT
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.