US Economy Unexpectedly Loses Jobs in February; Unemployment Rate Rises to 4.4%
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.
business-slowdown
News & Analysis
Ralph Lauren to Cut Jobs, Shops and Real Estate
Ralph Lauren Corp said it would cut jobs, close stores and reduce its real estate as part of a sweeping plan to lower costs and revive sales growth.
Ralph Lauren to Cut Jobs, Shops and Real Estate
Ralph Lauren Corp said it would cut jobs, close stores and reduce its real estate as part of a sweeping plan to lower costs and revive sales growth.
News & Analysis
Burberry CEO Gets 75 Percent Pay Cut Amid Struggle for Growth
Christopher Bailey’s remuneration fell to £1.9 million in the year through March from £7.5 million a year earlier.
Burberry CEO Gets 75 Percent Pay Cut Amid Struggle for Growth
Christopher Bailey’s remuneration fell to £1.9 million in the year through March from £7.5 million a year earlier.
Retail
Gap Says Key Sales Measure Slides 6 Percent in May
Gap says sales at established stores fell 6 percent in May. That was better than the 7 percent decline forecast by Thomson Reuters.
Gap Says Key Sales Measure Slides 6 Percent in May
Gap says sales at established stores fell 6 percent in May. That was better than the 7 percent decline forecast by Thomson Reuters.
Financial Markets
Zumiez Reports 1Q Loss
Zumiez Inc. has reported a fiscal first-quarter loss of $2.1 million, after reporting a profit in the same period a year earlier.
Zumiez Reports 1Q Loss
Zumiez Inc. has reported a fiscal first-quarter loss of $2.1 million, after reporting a profit in the same period a year earlier.
News & Analysis
Under Armour Cuts Outlook, Cites Sports Authority Closing
Under Armour is cutting its full-year revenue guidance, saying that the closure of Sports Authority stores will hurt its sales.
Under Armour Cuts Outlook, Cites Sports Authority Closing
Under Armour is cutting its full-year revenue guidance, saying that the closure of Sports Authority stores will hurt its sales.
News & Analysis
UK Fashion Retailer Austin Reed to Wind Down
British fashion retailer Austin Reed Ltd will start winding down as no viable offer was received for the company over a five-week sale process, its joint administrators has announced.
UK Fashion Retailer Austin Reed to Wind Down
British fashion retailer Austin Reed Ltd will start winding down as no viable offer was received for the company over a five-week sale process, its joint administrators has announced.
News & Analysis
Tiffany's 'Old-World Luxury' Fails to Charm Millennials
Tiffany's jewellery, long considered a status symbol and synonymous with weddings and anniversaries, is failing to charm millennials.
Tiffany's 'Old-World Luxury' Fails to Charm Millennials
Tiffany's jewellery, long considered a status symbol and synonymous with weddings and anniversaries, is failing to charm millennials.
Retail
Gap to Close 75 Old Navy, Banana Republic Stores Outside North America
Gap Inc said it would shut 75 Old Navy and Banana Republic stores overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes.
Gap to Close 75 Old Navy, Banana Republic Stores Outside North America
Gap Inc said it would shut 75 Old Navy and Banana Republic stores overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes.
Retail
Middle East Luxury Sales Fading as Oil Falls and Tourism Slows
Falling crude prices have crimped the spending power of luxury-goods consumers in the Middle East, while a weak ruble means fewer free-spending Russians have visited the region.
Middle East Luxury Sales Fading as Oil Falls and Tourism Slows
Falling crude prices have crimped the spending power of luxury-goods consumers in the Middle East, while a weak ruble means fewer free-spending Russians have visited the region.
The News in Brief
Asics Buys Marathon Registration Platforms to Boost Running-Shoe Sales
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
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.