Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
bankruptcy
Financial Markets
J.C. Penney Talks With KKR, Ares, Lenders on Bankruptcy Loan
The plan would be included in a Chapter 11 court filing that could come next week, according to people with knowledge of the matter.
J.C. Penney Talks With KKR, Ares, Lenders on Bankruptcy Loan
The plan would be included in a Chapter 11 court filing that could come next week, according to people with knowledge of the matter.
Retail
J.Crew Says Bankruptcy Is the Reset it Needs. But There Actually Has to Be a Reset.
Just because consumers love the brand doesn't mean they want to buy the clothes.
J.Crew Says Bankruptcy Is the Reset it Needs. But There Actually Has to Be a Reset.
Just because consumers love the brand doesn't mean they want to buy the clothes.
Marketing
The Met Gala That Wasn't
This week, everyone will be talking about the Met Gala that wasn't, big brands on bankruptcy watch and China's sluggish retail sector. Get your BoF Professional Cheat Sheet.
The Met Gala That Wasn't
This week, everyone will be talking about the Met Gala that wasn't, big brands on bankruptcy watch and China's sluggish retail sector. Get your BoF Professional Cheat Sheet.
Retail
J. Crew Mulls Bankruptcy Under Pressure From Debt and Pandemic
A Chapter 11 bankruptcy would allow J. Crew to stay in business, cut its borrowings and close weak stores to minimize costs.
J. Crew Mulls Bankruptcy Under Pressure From Debt and Pandemic
A Chapter 11 bankruptcy would allow J. Crew to stay in business, cut its borrowings and close weak stores to minimize costs.
Retail
The American Department Store's Real-Time Reckoning
This week, everyone will be talking about the impending bankruptcies of several American department store chains, financial results from Tapestry and the success of "essential" retailers. Get your BoF Professional Cheat Sheet.
The American Department Store's Real-Time Reckoning
This week, everyone will be talking about the impending bankruptcies of several American department store chains, financial results from Tapestry and the success of "essential" retailers. Get your BoF Professional Cheat Sheet.
Retail
Lord & Taylor Explores Bankruptcy
It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from creditors and finding additional financing, sources said.
Lord & Taylor Explores Bankruptcy
It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from creditors and finding additional financing, sources said.
Retail
Report: J.C. Penney to Hire Advisors as It Mulls Debt Management Options
Brick-and-mortar retailers are struggling to keep up with the shift to online shopping, and the crisis has been exacerbated by the coronavirus outbreak.
Report: J.C. Penney to Hire Advisors as It Mulls Debt Management Options
Brick-and-mortar retailers are struggling to keep up with the shift to online shopping, and the crisis has been exacerbated by the coronavirus outbreak.
Retail
Report: Neiman Marcus Advances Bankruptcy Preparations
The department store began holding confidential discussions this week with bondholders about possible financing that would help the company continue operating while under bankruptcy protection, sources said.
Report: Neiman Marcus Advances Bankruptcy Preparations
The department store began holding confidential discussions this week with bondholders about possible financing that would help the company continue operating while under bankruptcy protection, sources said.
Retail
Barneys Ends Online Sales as It Prepares for New Ownership
The retailer suspended closeout sales on its websites and is transferring the remaining goods to Barneys stores slated to close.
Barneys Ends Online Sales as It Prepares for New Ownership
The retailer suspended closeout sales on its websites and is transferring the remaining goods to Barneys stores slated to close.
Retail
Debt-Laden Merchants Face Reckoning Amid Retail Apocalypse
Some of the most familiar names have already collapsed into bankruptcy or liquidated this year. Among the survivors, fates have diverged.
Debt-Laden Merchants Face Reckoning Amid Retail Apocalypse
Some of the most familiar names have already collapsed into bankruptcy or liquidated this year. Among the survivors, fates have diverged.
Retail
Despite the End of Barneys Itself, a Happy Holidays for Its Retail Workers
Some of the bankrupt store’s still-employed sales associates are determined to stick it out until the end of liquidation, thanks to high commissions and market demand for their skill set.
Despite the End of Barneys Itself, a Happy Holidays for Its Retail Workers
Some of the bankrupt store’s still-employed sales associates are determined to stick it out until the end of liquidation, thanks to high commissions and market demand for their skill set.
Retail
Barneys Bankruptcy Leads to Rare Black Friday Deals
The luxury retailer is offering store-wide discounts of up to 35 percent on brands such as Prada and Bottega Veneta, in a bid to jettison remaining merchandise.
Barneys Bankruptcy Leads to Rare Black Friday Deals
The luxury retailer is offering store-wide discounts of up to 35 percent on brands such as Prada and Bottega Veneta, in a bid to jettison remaining merchandise.
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.