Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Richardson, United States
Technology
Fossil Soars as Wearables, E-Commerce Fuels Sales
Sales of wearable devices nearly doubled last year to more than $300 million and now account for 14 percent of Fossil's watch revenue.
Fossil Soars as Wearables, E-Commerce Fuels Sales
Sales of wearable devices nearly doubled last year to more than $300 million and now account for 14 percent of Fossil's watch revenue.
News & Analysis
Fossil Plunges as 'Unprecedented Disruption' Rocks Watch Company
The watchmaker plans to release 300 new products and shutter underperforming stores, after predictions that sales will decline more than eight percent this year.
Fossil Plunges as 'Unprecedented Disruption' Rocks Watch Company
The watchmaker plans to release 300 new products and shutter underperforming stores, after predictions that sales will decline more than eight percent this year.
Financial Markets
Fossil Group Beats Q1 Profit Forecasts
Fossil Group Inc. has reported first-quarter profit of $5.8 million.
Fossil Group Beats Q1 Profit Forecasts
Fossil Group Inc. has reported first-quarter profit of $5.8 million.
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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.