Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
restructure
Beauty
UK Cosmetics Group Lush Relocates Staff to Germany Post-Brexit
Lush is relocating European staff from Britain to Germany and has expanded production at its German factory in the wake of Britain's vote to leave the European Union.
UK Cosmetics Group Lush Relocates Staff to Germany Post-Brexit
Lush is relocating European staff from Britain to Germany and has expanded production at its German factory in the wake of Britain's vote to leave the European Union.
News & Analysis
David's Bridal Says Its CEO Has Stepped Down
David's Bridal says its chief executive officer Pam Wallack has left the company and chairman Paul Pressler will replace her.
David's Bridal Says Its CEO Has Stepped Down
David's Bridal says its chief executive officer Pam Wallack has left the company and chairman Paul Pressler will replace her.
News & Analysis
Dramatic Flipkart Townhall Highlights Indian Startup Trauma
Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal.
Dramatic Flipkart Townhall Highlights Indian Startup Trauma
Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal.
News & Analysis
Report: Berluti to Hire Haider Ackermann
Berluti is currently in talks to hire Haider Ackermann to replace Alessandro Sartori who returned to Ermenegildo Zegna in February, two sources close to the matter told Reuters.
Report: Berluti to Hire Haider Ackermann
Berluti is currently in talks to hire Haider Ackermann to replace Alessandro Sartori who returned to Ermenegildo Zegna in February, two sources close to the matter told Reuters.
News & Analysis
Roberto Cavalli Names Former Versace Head as New CEO
Roberto Cavalli has named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch under a new owner.
Roberto Cavalli Names Former Versace Head as New CEO
Roberto Cavalli has named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch under a new owner.
News & Analysis
Coach Inc Names Valentino Executive as CEO of Stuart Weitzman
Coach Inc. has named Valentino executive Wendy Kahn as chief executive and brand president of Stuart Weitzman, the shoe business it bought in May last year.
Coach Inc Names Valentino Executive as CEO of Stuart Weitzman
Coach Inc. has named Valentino executive Wendy Kahn as chief executive and brand president of Stuart Weitzman, the shoe business it bought in May last year.
Retail
Burberry Sales Beat Estimates on Recent Boost in UK Demand
Comparable sales fell 3 percent, beating the 5 percent drop expected by analysts.
Burberry Sales Beat Estimates on Recent Boost in UK Demand
Comparable sales fell 3 percent, beating the 5 percent drop expected by analysts.
News & Analysis
Co-Founder Phil Knight Retires From Nike Board
Nike chief executive Mark Parker is the new chairman, while Apple chief executive Tim Cook, on the board since 2005, becomes the lead independent director.
Co-Founder Phil Knight Retires From Nike Board
Nike chief executive Mark Parker is the new chairman, while Apple chief executive Tim Cook, on the board since 2005, becomes the lead independent director.
News & Analysis
Nike Shakeup Creates Three-Man Race to Succeed Parker as CEO
An April shakeup in the executive ranks has set off speculation that an internal battle is brewing for the opportunity to succeed Mark Parker.
Nike Shakeup Creates Three-Man Race to Succeed Parker as CEO
An April shakeup in the executive ranks has set off speculation that an internal battle is brewing for the opportunity to succeed Mark Parker.
Retail
Macy’s New CEO Brings Decades of Inside Experience to Top Post
Macy’s has picked career insider to be its next chief executive officer, betting that a manager with a background in merchandising can figure out a way to reinvent the struggling department-store chain.
Macy’s New CEO Brings Decades of Inside Experience to Top Post
Macy’s has picked career insider to be its next chief executive officer, betting that a manager with a background in merchandising can figure out a way to reinvent the struggling department-store chain.
News & Analysis
Macy’s CEO Terry Lundgren to Pass Reins to Deputy Jeff Gennette
Macy’s chief executive officer Terry Lundgren is set to pass the job to president Jeff Gennette in the first quarter of 2017.
Macy’s CEO Terry Lundgren to Pass Reins to Deputy Jeff Gennette
Macy’s chief executive officer Terry Lundgren is set to pass the job to president Jeff Gennette in the first quarter of 2017.
News & Analysis
Macy's Reaches Tentative Deal with Workers to Avert Strike
A union representing workers of Macy's Inc in New York has said it reached a tentative agreement with the department store operator for a new four-year contract, averting a strike that was set to begin.
Macy's Reaches Tentative Deal with Workers to Avert Strike
A union representing workers of Macy's Inc in New York has said it reached a tentative agreement with the department store operator for a new four-year contract, averting a strike that was set to begin.
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.