Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
business-slowdown
News & Analysis
Distressed Retailers Scour Loan Fine Print for Debt Strategies
Heavily indebted retailers J. Crew Group Inc. and Claire’s Stores Inc. are delving into their loan agreements to find creative ways to raise or reconfigure their debt.
Distressed Retailers Scour Loan Fine Print for Debt Strategies
Heavily indebted retailers J. Crew Group Inc. and Claire’s Stores Inc. are delving into their loan agreements to find creative ways to raise or reconfigure their debt.
Luxury
Is Melania Trumping Trade Concerns?
Designers seem fixated on whether or not to dress Melania Trump, but the fashion industry should pay more attention to the protectionist trade policies espoused by her husband, the President-elect.
Is Melania Trumping Trade Concerns?
Designers seem fixated on whether or not to dress Melania Trump, but the fashion industry should pay more attention to the protectionist trade policies espoused by her husband, the President-elect.
Financial Markets
Chow Tai Fook Profit Slump Eases as Jeweller Gets Rental Cuts
Chow Tai Fook Jewellery Group Ltd. reported first-half profit fell 22 percent.
Chow Tai Fook Profit Slump Eases as Jeweller Gets Rental Cuts
Chow Tai Fook Jewellery Group Ltd. reported first-half profit fell 22 percent.
Retail
J. Crew’s Net Loss Narrows to $7.9 Million as Writedowns Abate
J. Crew Group Inc. posted a narrower third-quarter loss as the preppy-apparel chain moved past writedowns that dramatically reduced its value.
J. Crew’s Net Loss Narrows to $7.9 Million as Writedowns Abate
J. Crew Group Inc. posted a narrower third-quarter loss as the preppy-apparel chain moved past writedowns that dramatically reduced its value.
News & Analysis
Swiss Watch Exports Have Biggest Monthly Drop in Seven Years
Swiss watch exports plunged 16 percent in October, as demand weakened in almost every major market for Rolex and Omega timepieces.
Swiss Watch Exports Have Biggest Monthly Drop in Seven Years
Swiss watch exports plunged 16 percent in October, as demand weakened in almost every major market for Rolex and Omega timepieces.
Financial Markets
Abercrombie & Fitch Quarterly Sales Miss Estimates, Shares Skid
Abercrombie's net sales fell 6.5 percent to $821.73 million, down for the 15th straight quarter.
Abercrombie & Fitch Quarterly Sales Miss Estimates, Shares Skid
Abercrombie's net sales fell 6.5 percent to $821.73 million, down for the 15th straight quarter.
Financial Markets
Gap Underwhelms Investors With In-Line Third-Quarter Earnings
The company will close all eight Banana Republic stores in the country as well.
Gap Underwhelms Investors With In-Line Third-Quarter Earnings
The company will close all eight Banana Republic stores in the country as well.
Financial Markets
Gap's Third-Quarter Profit Drops Nearly 18 Percent
The brand earned $204 million in the three-month period that ended Oct. 29, compared with $248 million a year earlier.
Gap's Third-Quarter Profit Drops Nearly 18 Percent
The brand earned $204 million in the three-month period that ended Oct. 29, compared with $248 million a year earlier.
News & Analysis
Hugo Boss to Reduce Brands, Limit Store Expansion in Revamp
The company will only produce clothes under the Hugo and Boss brands, narrowing its focus to casualwear and business clothes with womenswear becoming a lower priority.
Hugo Boss to Reduce Brands, Limit Store Expansion in Revamp
The company will only produce clothes under the Hugo and Boss brands, narrowing its focus to casualwear and business clothes with womenswear becoming a lower priority.
Luxury
Bracing for President Trump
‘America’s Brexit’ raises the spectre of more nativist Trump-style victories across the West, spelling tough times for the emotionally-driven luxury sector.
Bracing for President Trump
‘America’s Brexit’ raises the spectre of more nativist Trump-style victories across the West, spelling tough times for the emotionally-driven luxury sector.
Financial Markets
Nordstrom Reports Third-Quarter Loss
Nordstrom Inc. on Thursday reported a fiscal third-quarter loss of $10 million.
Nordstrom Reports Third-Quarter Loss
Nordstrom Inc. on Thursday reported a fiscal third-quarter loss of $10 million.
Financial Markets
Crocs Reports Third-Quarter Loss
Crocs Inc. on Wednesday reported a loss of $1.5 million in its third quarter.
Crocs Reports Third-Quarter Loss
Crocs Inc. on Wednesday reported a loss of $1.5 million in its third quarter.
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.