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
L Brands Beats Street 4Q Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $636 million. The results surpassed Wall Street expectations.
L Brands Beats Street 4Q Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $636 million. The results surpassed Wall Street expectations.
Financial Markets
Target Trades Profit for Sales Growth in Holiday-Season Gambit
Target Corp. posted holiday sales growth that topped analysts’ estimates, boosted by a surge in online orders, though the retailer’s heavy reliance on discounts took a toll on profit during the season.
Target Trades Profit for Sales Growth in Holiday-Season Gambit
Target Corp. posted holiday sales growth that topped analysts’ estimates, boosted by a surge in online orders, though the retailer’s heavy reliance on discounts took a toll on profit during the season.
Financial Markets
Hugo Boss Plunges as Retailer Cuts Profit Outlook on US, China
Hugo Boss AG’s shares plunged after saying its profit will decline by at least 10 percent this year due to weaker-than-expected sales in the US and China.
Hugo Boss Plunges as Retailer Cuts Profit Outlook on US, China
Hugo Boss AG’s shares plunged after saying its profit will decline by at least 10 percent this year due to weaker-than-expected sales in the US and China.
Financial Markets
Macy’s Tops Estimates as Holiday Sales Fall Less Than Predicted
Macy’s Inc. posted fourth-quarter results that topped analysts’ estimates after sales declined less than projected.
Macy’s Tops Estimates as Holiday Sales Fall Less Than Predicted
Macy’s Inc. posted fourth-quarter results that topped analysts’ estimates after sales declined less than projected.
Financial Markets
Fitbit Forecasts Sales Below Estimates on Slow Rollout of Models
Fitbit Inc. forecast revenue in the current quarter that fell short of analysts’ estimates, saying the global introduction of their newest watches may push sales later into the year.
Fitbit Forecasts Sales Below Estimates on Slow Rollout of Models
Fitbit Inc. forecast revenue in the current quarter that fell short of analysts’ estimates, saying the global introduction of their newest watches may push sales later into the year.
Financial Markets
VF Corp. Falls After Fourth-Quarter Results Trail Estimates
VF Corp. slid in early trading after fourth-quarter profit and sales trailed analysts’ estimates, hurt by the sluggish consumer demand that’s taken a toll on retailers and apparel companies.
VF Corp. Falls After Fourth-Quarter Results Trail Estimates
VF Corp. slid in early trading after fourth-quarter profit and sales trailed analysts’ estimates, hurt by the sluggish consumer demand that’s taken a toll on retailers and apparel companies.
Financial Markets
Wal-Mart Cuts Growth Forecast as Currency Hampers Overseas Sales
Wal-Mart Stores Inc. lowered its annual sales forecast after the strong dollar pulled down the value of overseas revenue.
Wal-Mart Cuts Growth Forecast as Currency Hampers Overseas Sales
Wal-Mart Stores Inc. lowered its annual sales forecast after the strong dollar pulled down the value of overseas revenue.
Financial Markets
Puma Profit Tops Estimates as Rihanna-Designed Shoes Boost Sales
Puma SE reported fourth-quarter earnings that topped estimates as singer Rihanna helped sharpen the German sportswear brand’s focus on performance wear and women’s gear.
Puma Profit Tops Estimates as Rihanna-Designed Shoes Boost Sales
Puma SE reported fourth-quarter earnings that topped estimates as singer Rihanna helped sharpen the German sportswear brand’s focus on performance wear and women’s gear.
Financial Markets
Fossil Rises After Fourth-Quarter Sales Beat Analyst Estimates
Fossil Group Inc. rose as much as 18 percent in late trading after the watchmaker’s fourth-quarter sales topped analysts’ estimates, helped by new brands and investments in its digital operations.
Fossil Rises After Fourth-Quarter Sales Beat Analyst Estimates
Fossil Group Inc. rose as much as 18 percent in late trading after the watchmaker’s fourth-quarter sales topped analysts’ estimates, helped by new brands and investments in its digital operations.
Financial Markets
L’Oreal Sales Beat Estimates on Accelerating Growth in Luxury
L’Oreal SA reported revenue that beat analysts’ estimates as sales growth accelerated at its luxury division and in North America.
L’Oreal Sales Beat Estimates on Accelerating Growth in Luxury
L’Oreal SA reported revenue that beat analysts’ estimates as sales growth accelerated at its luxury division and in North America.
Financial Markets
Avon Reports 4Q Loss
Avon Products Inc. on Thursday reported a loss of $333.4 million in its fourth quarter.
Avon Reports 4Q Loss
Avon Products Inc. on Thursday reported a loss of $333.4 million in its fourth quarter.
Financial Markets
Adidas Sees Higher Profit After 2015 Earnings Beat Estimates
Adidas AG raised its outlook for 2016 amid growth at its Reebok brand and a stronger order book.
Adidas Sees Higher Profit After 2015 Earnings Beat Estimates
Adidas AG raised its outlook for 2016 amid growth at its Reebok brand and a stronger order book.
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.