Fast Fashion Garments Pile Up in South Asia as Middle East Conflict Grounds Planes
Shipments of garments for major retailers are stranded at airports in Bangladesh and India as the conflict in the Middle East forces airlines cancel flights.
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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
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.
Financial Markets
Vera Bradley Beats 1Q Profit Forecasts
Vera Bradley Inc. has reported fiscal first-quarter net income of $2.4 million, after reporting a loss in the same period a year earlier.
Vera Bradley Beats 1Q Profit Forecasts
Vera Bradley Inc. has reported fiscal first-quarter net income of $2.4 million, after reporting a loss in the same period a year earlier.
Financial Markets
G-III Apparel Beats 1Q Profit Forecasts
G-III Apparel Group Ltd. has reported fiscal first-quarter earnings of $2.8 million.
G-III Apparel Beats 1Q Profit Forecasts
G-III Apparel Group Ltd. has reported fiscal first-quarter earnings of $2.8 million.
Financial Markets
Ascena Retail Beats 3Q Profit Forecasts
Ascena Retail Group Inc. has reported fiscal third-quarter earnings of $15 million.
Ascena Retail Beats 3Q Profit Forecasts
Ascena Retail Group Inc. has reported fiscal third-quarter earnings of $15 million.
Financial Markets
PVH Jumps After Raising Full-Year Profit Forecast
PVH Corp., owner of the Calvin Klein and Tommy Hilfiger brands, jumped in late trading after raising its full-year profit forecast and reporting first-quarter earnings that beat analysts’ estimates.
PVH Jumps After Raising Full-Year Profit Forecast
PVH Corp., owner of the Calvin Klein and Tommy Hilfiger brands, jumped in late trading after raising its full-year profit forecast and reporting first-quarter earnings that beat analysts’ estimates.
Financial Markets
J. Crew’s Sales Fall as Chain Faces ‘Challenging’ Retail Climate
J. Crew Group Inc.’s same-store sales declined 7 percent last quarter, a sign the preppy-apparel chain is still struggling to win back shoppers.
J. Crew’s Sales Fall as Chain Faces ‘Challenging’ Retail Climate
J. Crew Group Inc.’s same-store sales declined 7 percent last quarter, a sign the preppy-apparel chain is still struggling to win back shoppers.
Financial Markets
Guess Reports 1Q Loss
Guess Inc. has reported a fiscal first-quarter loss of $25.2 million, after reporting a profit in the same period a year earlier.
Guess Reports 1Q Loss
Guess Inc. has reported a fiscal first-quarter loss of $25.2 million, after reporting a profit in the same period a year earlier.
Financial Markets
Tiffany Reports 1Q Profit Drop on Soft Jewellery Market
Tiffany's first-quarter profit slid as consumers cut spending and the jeweller issued a pessimistic outlook, sending shares down sharply.
Tiffany Reports 1Q Profit Drop on Soft Jewellery Market
Tiffany's first-quarter profit slid as consumers cut spending and the jeweller issued a pessimistic outlook, sending shares down sharply.
Financial Markets
Wal-Mart Surges After First-Quarter Profit Beats Estimates
The chain's US same-store sales rose faster than expected.
Wal-Mart Surges After First-Quarter Profit Beats Estimates
The chain's US same-store sales rose faster than expected.
Financial Markets
American Eagle, Urban Outfitters Surge After Topping Estimates
American Eagle Outfitters Inc. and Urban Outfitters Inc. both surged in late trading after topping first-quarter earnings estimates, bucking a trend of apparel companies posting weak results.
American Eagle, Urban Outfitters Surge After Topping Estimates
American Eagle Outfitters Inc. and Urban Outfitters Inc. both surged in late trading after topping first-quarter earnings estimates, bucking a trend of apparel companies posting weak results.
Financial Markets
Mothercare Full-Year Profit Jumps on Turnaround Plan
Baby goods retailer Mothercare said full-year profit jumped 51 percent as the turnaround plan for its troubled British business made progress, sending its shares up as much as 9 percent.
Mothercare Full-Year Profit Jumps on Turnaround Plan
Baby goods retailer Mothercare said full-year profit jumped 51 percent as the turnaround plan for its troubled British business made progress, sending its shares up as much as 9 percent.
The News in Brief
Saks Global to Shut 15 More Stores as Part of Restructuring
The luxury retailer, which filed for bankruptcy earlier this year, will close more stores as it tries to cut losses and focus on more profitable, higher-end locations.
Nike’s Latest SEC Filing Revives Converse Sale Speculation
In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
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.
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.