Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
restructure
Latest News & Analysis
Retail
Philip Green's Arcadia Secures £310 Million Loan Refinancing on Flagship Store
Apollo Management International LLP provided the loan.
Philip Green's Arcadia Secures £310 Million Loan Refinancing on Flagship Store
Apollo Management International LLP provided the loan.
Retail
Mothercare Hopeful for Future After Completing Store Closures
The baby products retailer slashed its outstanding net debt to just under £7 million after closing a third of its UK stores in the past 12 months, and is now hoping for a more solid financial footing.
Mothercare Hopeful for Future After Completing Store Closures
The baby products retailer slashed its outstanding net debt to just under £7 million after closing a third of its UK stores in the past 12 months, and is now hoping for a more solid financial footing.
News & Analysis
Under Armour Cuts 400 More Jobs in Turnaround Push
The sportswear maker will let go of 3 percent of its global workforce to cut costs in its struggle to compete with Nike and Adidas in North America.
Under Armour Cuts 400 More Jobs in Turnaround Push
The sportswear maker will let go of 3 percent of its global workforce to cut costs in its struggle to compete with Nike and Adidas in North America.
Retail
BCBG Max Azria to Close Stores and Restructure as Online Shift Takes Toll
The chain plans to reduce its focus on brick-and-mortar shops, concentrating instead on licensing, e-commerce and selling through other retailers.
BCBG Max Azria to Close Stores and Restructure as Online Shift Takes Toll
The chain plans to reduce its focus on brick-and-mortar shops, concentrating instead on licensing, e-commerce and selling through other retailers.
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News & Analysis
Wal-Mart Is Said to Be Cutting Hundreds of Workers This Month
Wal-Mart has been looking for ways to slim down its operations at a time of increasing e-commerce spending and rising wages for employees.
Wal-Mart Is Said to Be Cutting Hundreds of Workers This Month
Wal-Mart has been looking for ways to slim down its operations at a time of increasing e-commerce spending and rising wages for employees.
Retail
Michael Kors, Prada Skimp on New Designs in Face of Handbag Woes
Michael Kors Holdings Ltd., Prada SpA, LVMH’s Louis Vuitton and Burberry Group Plc all reduced the number of styles introduced last quarter.
Michael Kors, Prada Skimp on New Designs in Face of Handbag Woes
Michael Kors Holdings Ltd., Prada SpA, LVMH’s Louis Vuitton and Burberry Group Plc all reduced the number of styles introduced last quarter.
News & Analysis
J. Crew’s Debt Looms as Retailer Seeks to Regain First-Lady Glow
Some of the company’s $2 billion in debt becomes current in 2018, and J. Crew needs to revive its flagging business to stave off rising odds of default.
J. Crew’s Debt Looms as Retailer Seeks to Regain First-Lady Glow
Some of the company’s $2 billion in debt becomes current in 2018, and J. Crew needs to revive its flagging business to stave off rising odds of default.
News & Analysis
Former Tumi Boss Named New Lands' End CEO
The casual clothing company Lands' End is naming the one-time chief executive of the high-end luggage maker Tumi as its next chief executive officer.
Former Tumi Boss Named New Lands' End CEO
The casual clothing company Lands' End is naming the one-time chief executive of the high-end luggage maker Tumi as its next chief executive officer.
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Luxury
Richemont CEO, CFO to Retire As Profit Plunges
Chief executive officer Richard Lepeu and chief financial officer Gary Saage will both retire next year, as the company reported a decline in first-half profit.
Richemont CEO, CFO to Retire As Profit Plunges
Chief executive officer Richard Lepeu and chief financial officer Gary Saage will both retire next year, as the company reported a decline in first-half profit.
Retail
Wal-Mart’s China Revival Strategy Calls in JD.com and Its Drones
The world’s largest retailer is making an ambitious push into e-commerce in China and aims to deliver goods from its stores around the world to Chinese consumers within hours.
Wal-Mart’s China Revival Strategy Calls in JD.com and Its Drones
The world’s largest retailer is making an ambitious push into e-commerce in China and aims to deliver goods from its stores around the world to Chinese consumers within hours.
News & Analysis
House of Fraser's Chinese Owner Hires Weiss to Lead Overseas M&A
Sanpower Group, the Chinese owner of Britain’s House of Fraser department store chain, hired former Sailing Capital Management Co. managing director Michael Weiss to head its overseas dealmaking.
House of Fraser's Chinese Owner Hires Weiss to Lead Overseas M&A
Sanpower Group, the Chinese owner of Britain’s House of Fraser department store chain, hired former Sailing Capital Management Co. managing director Michael Weiss to head its overseas dealmaking.
News & Analysis
Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival
Hugo Boss said the head of its ailing US business, Gerrit Ruetzel, will be replaced at the end of the month after less than two years in the job.
Hugo Boss US Chief to Be Replaced as Clothier Seeks Revival
Hugo Boss said the head of its ailing US business, Gerrit Ruetzel, will be replaced at the end of the month after less than two years in the job.
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.