Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
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Retail
Report: Simon Property Group to Transform Some Stores Into Amazon Fulfilment Centres
The two companies were in talks before the pandemic about converting retail space that was formerly occupied by J.C. Penney and Sears Holdings Corp.
Report: Simon Property Group to Transform Some Stores Into Amazon Fulfilment Centres
The two companies were in talks before the pandemic about converting retail space that was formerly occupied by J.C. Penney and Sears Holdings Corp.
Retail
Shoe Carnival Reports Fourth Quarter Loss
Shoe Carnival shares have declined 8 percent since the beginning of the year.
Shoe Carnival Reports Fourth Quarter Loss
Shoe Carnival shares have declined 8 percent since the beginning of the year.
Financial Markets
Finish Line Reports Third-Quarter Loss
The Finish Line Inc. on Wednesday reported a loss of $40.4 million in its fiscal third quarter.
Finish Line Reports Third-Quarter Loss
The Finish Line Inc. on Wednesday reported a loss of $40.4 million in its fiscal third quarter.
Retail
Finish Line Surges After Adidas Sales Help Results Top Estimates
Finish Line Inc. surged the most in more than seven years after beating first-quarter expectations in a weak retail environment, helped by strong sales of Adidas brand shoes.
Finish Line Surges After Adidas Sales Help Results Top Estimates
Finish Line Inc. surged the most in more than seven years after beating first-quarter expectations in a weak retail environment, helped by strong sales of Adidas brand shoes.
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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.