Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
bankruptcy
Retail
Men's Wearhouse Owner Files for Bankruptcy
Tailored Brands announced it has entered into a restructuring agreement with more than 75 percent of its senior lenders, which could reduce the company's debt by at least $630 million.
Men's Wearhouse Owner Files for Bankruptcy
Tailored Brands announced it has entered into a restructuring agreement with more than 75 percent of its senior lenders, which could reduce the company's debt by at least $630 million.
Retail
Lord & Taylor Files for Bankruptcy
Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.
Lord & Taylor Files for Bankruptcy
Fashion start-up Le Tote Inc., which also filed for Chapter 11, bought the rights to the company’s stores, brand and e-commerce site from Hudson’s Bay Co. for $71 million last year.
Retail
Men's Wearhouse Owner Likely to File for Bankruptcy in Third Quarter
Tailored Brands Inc. also announced plans earlier this month to close up to 500 stores and cut 20 percent of its corporate workforce.
Men's Wearhouse Owner Likely to File for Bankruptcy in Third Quarter
Tailored Brands Inc. also announced plans earlier this month to close up to 500 stores and cut 20 percent of its corporate workforce.
Retail
Report: Authentic Brands and Sycamore Partners Weigh Bids for Ann Taylor Owner
Ascena Retail Group had been struggling to contend with dated brands and merchandise and a shift to online shopping despite a string of acquisitions over the years.
Report: Authentic Brands and Sycamore Partners Weigh Bids for Ann Taylor Owner
Ascena Retail Group had been struggling to contend with dated brands and merchandise and a shift to online shopping despite a string of acquisitions over the years.
Retail
Brooks Brothers Enters Purchase Deal With Authentic Brands and Simon Property Group
The move could preserve the apparel brand as a going concern and help its operations in at least 125 stores.
Brooks Brothers Enters Purchase Deal With Authentic Brands and Simon Property Group
The move could preserve the apparel brand as a going concern and help its operations in at least 125 stores.
Retail
Ann Taylor Owner Files for Bankruptcy
Ascena Retail Group, which listed about $12.5 billion of debts, has entered into a restructuring support agreement with over 68 percent of its secured term lenders.
Ann Taylor Owner Files for Bankruptcy
Ascena Retail Group, which listed about $12.5 billion of debts, has entered into a restructuring support agreement with over 68 percent of its secured term lenders.
Retail
Muji USA Files for Chapter 11 Bankruptcy
Even before the pandemic hit, the Japanese retailer's US unit had been operating at a loss for the past three fiscal years.
Muji USA Files for Chapter 11 Bankruptcy
Even before the pandemic hit, the Japanese retailer's US unit had been operating at a loss for the past three fiscal years.
Retail
Report: Ann Taylor Owner Prepares for Potential Bankruptcy Filing
Ascena Retail Group could enter Chapter 11 as soon as this week with a creditor agreement in place that eliminates around $700 million of its $1.1 billion debt load.
Report: Ann Taylor Owner Prepares for Potential Bankruptcy Filing
Ascena Retail Group could enter Chapter 11 as soon as this week with a creditor agreement in place that eliminates around $700 million of its $1.1 billion debt load.
Retail
Sycamore Partners in Talks to Buy J.C.Penney, Sources Say
J.C.Penney is also reportedly in touch with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions.
Sycamore Partners in Talks to Buy J.C.Penney, Sources Say
J.C.Penney is also reportedly in touch with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions.
Retail
Is This the End of the American Mall as We Know It?
Too many stores are chasing a customer who no longer exists. As the pandemic wipes out these retailers, the malls they occupy will also become obsolete.
Is This the End of the American Mall as We Know It?
Too many stores are chasing a customer who no longer exists. As the pandemic wipes out these retailers, the malls they occupy will also become obsolete.
Financial Markets
What the Bankruptcy Onslaught Means for the Future of Retail
Filing for Chapter 11 looks different now. Here's what retailers and their partners need to know.
What the Bankruptcy Onslaught Means for the Future of Retail
Filing for Chapter 11 looks different now. Here's what retailers and their partners need to know.
Financial Markets
Bankruptcy Court Approves Neiman Marcus' Plea to Access Financing
The luxury department store arranged $675 million of debtor-in-possession financing to aid operations while it attempts to reorganise.
Bankruptcy Court Approves Neiman Marcus' Plea to Access Financing
The luxury department store arranged $675 million of debtor-in-possession financing to aid operations while it attempts to reorganise.
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.