Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
employees
Retail
Wal-Mart Eliminates More Corporate Jobs
The company confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.
Wal-Mart Eliminates More Corporate Jobs
The company confirmed the latest round of job cuts, which will involve "hundreds" of positions in its international and technology businesses, along with its Sam's Club warehouse chain.
Retail
Amazon Plans to Hire 30,000 Part-Time Workers
The positions are in addition to the 100,000 full-time jobs with benefits Amazon said in January that it would create in the US over the next 18 months.
Amazon Plans to Hire 30,000 Part-Time Workers
The positions are in addition to the 100,000 full-time jobs with benefits Amazon said in January that it would create in the US over the next 18 months.
News & Analysis
India's Snapdeal to Cut 600 Staff, Founders Forego Salary
Snapdeal was valued at $6.5 billion after a fund-raising last year but its valuation is under threat like its bigger rival Flipkart.
India's Snapdeal to Cut 600 Staff, Founders Forego Salary
Snapdeal was valued at $6.5 billion after a fund-raising last year but its valuation is under threat like its bigger rival Flipkart.
Retail
Abercrombie & Fitch Names Merchandising Head as CEO
Fran Horowitz replaces Michael Jeffries, who stepped down in 2014 after over two decades at the helm.
Abercrombie & Fitch Names Merchandising Head as CEO
Fran Horowitz replaces Michael Jeffries, who stepped down in 2014 after over two decades at the helm.
News & Analysis
Amazon Plans $1.5 Billion Air Hub For Faster Orders
Amazon will employ 2,000 workers at the new facility when it opens at Cincinnati/Northern Kentucky International Airport.
Amazon Plans $1.5 Billion Air Hub For Faster Orders
Amazon will employ 2,000 workers at the new facility when it opens at Cincinnati/Northern Kentucky International Airport.
News & Analysis
The Changing Faces of Vogue
Alexandra Shulman's departure from British Vogue comes after new appointments at several international editions of the magazine, presenting a unique opportunity for Condé Nast to reboot the brand for today’s media reality.
The Changing Faces of Vogue
Alexandra Shulman's departure from British Vogue comes after new appointments at several international editions of the magazine, presenting a unique opportunity for Condé Nast to reboot the brand for today’s media reality.
News & Analysis
UK Workers Paid Just £3 an Hour to Make Clothes for River Island and New Look
The investigation found Leicester-based Fashion Square Ltd and United Creations Ltd, where the clothes were made, paid their employees between £3 and £3.50 per hour.
UK Workers Paid Just £3 an Hour to Make Clothes for River Island and New Look
The investigation found Leicester-based Fashion Square Ltd and United Creations Ltd, where the clothes were made, paid their employees between £3 and £3.50 per hour.
Retail
Target Names Rick Gomez as Chief Marketing Officer
He replacing Jeff Jones, who had left the retail chain to join Uber Technologies Inc.
Target Names Rick Gomez as Chief Marketing Officer
He replacing Jeff Jones, who had left the retail chain to join Uber Technologies Inc.
Luxury
Incoming CEO Marco Gobbetti Joins Burberry
Incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 as executive chairman, Asia Pacific and Middle East.
Incoming CEO Marco Gobbetti Joins Burberry
Incoming chief executive Marco Gobbetti will initially join the company on Jan. 27 as executive chairman, Asia Pacific and Middle East.
Luxury
Is Lanvin Entering a Downward Spiral?
Controlling shareholder, 75-year-old Chinese media magnate Shaw-Lan Wang who is based in Taiwan, has been reluctant to invest in the brand for many years.
Is Lanvin Entering a Downward Spiral?
Controlling shareholder, 75-year-old Chinese media magnate Shaw-Lan Wang who is based in Taiwan, has been reluctant to invest in the brand for many years.
Technology
Amazon to Create 100,000 New Jobs in US in Next 18 Months
The hiring could appease Trump, who has prioritised job creation and tangled with Amazon chief executive officer Jeff Bezos during the election campaign.
Amazon to Create 100,000 New Jobs in US in Next 18 Months
The hiring could appease Trump, who has prioritised job creation and tangled with Amazon chief executive officer Jeff Bezos during the election campaign.
Technology
Flipkart Names New CEO, Binny Bansal to Become Group CEO
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
Flipkart Names New CEO, Binny Bansal to Become Group CEO
Krishnamurthy, a former Tiger Global executive, joined Flipkart in June last year as head of its commerce unit.
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.