Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
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Retail
Gap Shares Drop as Dismal Store Traffic Drags Down July Sales
Gap fell in late trading after posting July comparable sales that missed analysts’ estimates and indicated that foot traffic at its stores might not improve as much as expected later in the year.
Gap Shares Drop as Dismal Store Traffic Drags Down July Sales
Gap fell in late trading after posting July comparable sales that missed analysts’ estimates and indicated that foot traffic at its stores might not improve as much as expected later in the year.
News & Analysis
Shiseido Cuts Forecasts as Stronger Yen and Acquisition Costs Drag Profit
Shiseido lowered its full-year net income forecast 13 percent, missing analysts estimates, as a stronger yen and the costs of its recent acquisitions dragged on profit.
Shiseido Cuts Forecasts as Stronger Yen and Acquisition Costs Drag Profit
Shiseido lowered its full-year net income forecast 13 percent, missing analysts estimates, as a stronger yen and the costs of its recent acquisitions dragged on profit.
News & Analysis
Hugo Boss Lowers Profit Outlook as Sales Slow
Hugo Boss lowered its profit forecast for 2016 as it reported a fall in second-quarter sales, highlighting the challenge facing new chief executive officer Mark Langer.
Hugo Boss Lowers Profit Outlook as Sales Slow
Hugo Boss lowered its profit forecast for 2016 as it reported a fall in second-quarter sales, highlighting the challenge facing new chief executive officer Mark Langer.
Financial Markets
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Financial Markets
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Financial Markets
Adidas Raises Full-Year Forecast Amid Boost From Chelsea Payment
Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.
Adidas Raises Full-Year Forecast Amid Boost From Chelsea Payment
Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.
Retail
Fast Retailing Cuts Profit Forecast 3rd Time This Year
Fast Retailing cut its full-year profit forecast for the third time in six months as billionaire chairman Tadashi Yanai seeks to win back budget-minded Japanese shoppers with a low-price strategy.
Fast Retailing Cuts Profit Forecast 3rd Time This Year
Fast Retailing cut its full-year profit forecast for the third time in six months as billionaire chairman Tadashi Yanai seeks to win back budget-minded Japanese shoppers with a low-price strategy.
Financial Markets
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
Financial Markets
Lululemon Sales Beat Estimates as New Products Draw Customers
Lululemon Athletica posted first-quarter sales that topped analysts’ estimates, helped by new products like an expanded selection of women’s tops.
Lululemon Sales Beat Estimates as New Products Draw Customers
Lululemon Athletica posted first-quarter sales that topped analysts’ estimates, helped by new products like an expanded selection of women’s tops.
Financial Markets
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Financial Markets
Oxford Industries Misses Street 1Q Forecasts
The owner of the Tommy Bahama, Lilly Pulitzer, Ben Sherman, Lanier Clothes and Ben Sherman clothing lines posted revenue of $256.2 million falling short of Street forecasts.
Oxford Industries Misses Street 1Q Forecasts
The owner of the Tommy Bahama, Lilly Pulitzer, Ben Sherman, Lanier Clothes and Ben Sherman clothing lines posted revenue of $256.2 million falling short of Street forecasts.
Financial Markets
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
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.