Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
bankruptcy
Retail
For Barneys' Brands, It's All About Damage Control
Under the owner Authentic Brands Group, vendors will not only lose a long-term buyer but also endure deep discounts in Barneys liquidation sales.
For Barneys' Brands, It's All About Damage Control
Under the owner Authentic Brands Group, vendors will not only lose a long-term buyer but also endure deep discounts in Barneys liquidation sales.
Retail
It’s Official: Barneys New York's New Owner Is Authentic Brands Group
The licensing firm’s $271.4 million acquisition of the bankrupt luxury department store has closed, but there are plans to keep a physical footprint.
It’s Official: Barneys New York's New Owner Is Authentic Brands Group
The licensing firm’s $271.4 million acquisition of the bankrupt luxury department store has closed, but there are plans to keep a physical footprint.
Retail
Forever 21 Avoids Store Closures After Rent Cuts
The fast-fashion retailer will retain 60 of its US stores that were previously planned for closure after filing for bankruptcy in September.
Forever 21 Avoids Store Closures After Rent Cuts
The fast-fashion retailer will retain 60 of its US stores that were previously planned for closure after filing for bankruptcy in September.
News & Analysis
‘Retail Mayhem’: The Fight for Barneys Goes to Court
"It will affect everyone, even online."
‘Retail Mayhem’: The Fight for Barneys Goes to Court
"It will affect everyone, even online."
Financial Markets
Authentic Brands Declares Victory in Barneys Bid, But It's Not a Done Deal
Authentic Brands Group said it had succeeded in its bid for the luxury retailer, but two competing bidders say they are still in the running.
Authentic Brands Declares Victory in Barneys Bid, But It's Not a Done Deal
Authentic Brands Group said it had succeeded in its bid for the luxury retailer, but two competing bidders say they are still in the running.
Retail
Why Kith's First Investor Hasn't Given Up on Saving Barneys
With support from retail industry veterans including Andrew Rosen and billionaire Ron Burkle, Sam Ben-Avraham has raised $300 million for a competing bid against ABG and has his sight set on restoring Barneys to its former glory as New York’s coolest retailer.
Why Kith's First Investor Hasn't Given Up on Saving Barneys
With support from retail industry veterans including Andrew Rosen and billionaire Ron Burkle, Sam Ben-Avraham has raised $300 million for a competing bid against ABG and has his sight set on restoring Barneys to its former glory as New York’s coolest retailer.
Financial Markets
Authentic Brands Group Bids $271 Million For Barneys, Plans to Close All 7 Stores
The licensing group is the preferred bidder in an auction that runs through Oct. 22. If the bid succeeds, liquidation could start soon after.
Authentic Brands Group Bids $271 Million For Barneys, Plans to Close All 7 Stores
The licensing group is the preferred bidder in an auction that runs through Oct. 22. If the bid succeeds, liquidation could start soon after.
Retail
The Business of Saving Barneys
Reviving the upscale department store chain will take more than a Kith-like remake.
The Business of Saving Barneys
Reviving the upscale department store chain will take more than a Kith-like remake.
Financial Markets
Barneys Considers Buyout Proposal From Retail Investor Group
The effort is being led by Sam Ben-Avraham, known for his roles in starting New York retail store Atrium and streetwear brand Kith, said people familiar with the matter.
Barneys Considers Buyout Proposal From Retail Investor Group
The effort is being led by Sam Ben-Avraham, known for his roles in starting New York retail store Atrium and streetwear brand Kith, said people familiar with the matter.
Retail
Forever 21 Needs Older Shoppers to Come Back From Bankruptcy
The retailer filed for bankruptcy protection on Sunday, and its turnaround plan relies on luring in shoppers who are actually willing to buy clothes at full price.
Forever 21 Needs Older Shoppers to Come Back From Bankruptcy
The retailer filed for bankruptcy protection on Sunday, and its turnaround plan relies on luring in shoppers who are actually willing to buy clothes at full price.
Retail
Forever 21 Founders Borrowed $10 Million From Their Daughters
The offspring are now named as unsecured creditors of their parents’ company in the bankruptcy filings.
Forever 21 Founders Borrowed $10 Million From Their Daughters
The offspring are now named as unsecured creditors of their parents’ company in the bankruptcy filings.
News & Analysis
Forever 21 Files for Bankruptcy
The fast-fashion apparel retailer joins a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition.
Forever 21 Files for Bankruptcy
The fast-fashion apparel retailer joins a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition.
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.