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.
restructure
News & Analysis
YNAP Loses Another Executive as Human Resources Chief Quits
Naomi Hewitt, who was promoted to director of people and organisation in October, resigned in April, a company official confirmed.
YNAP Loses Another Executive as Human Resources Chief Quits
Naomi Hewitt, who was promoted to director of people and organisation in October, resigned in April, a company official confirmed.
News & Analysis
Burberry COO John Smith to Resign After Seven Years
Smith is leaving to pursue new interests and will step down from the board by summer next year.
Burberry COO John Smith to Resign After Seven Years
Smith is leaving to pursue new interests and will step down from the board by summer next year.
Beauty
Birchbox Finds Cute Boxes Filled With Makeup Are Not Enough
As it seeks a bigger slice of America's $16 billion prestige beauty industry, Birchbox is struggling to become a full-spectrum retailer rather than just a precious peddler of monthly subscription boxes.
Birchbox Finds Cute Boxes Filled With Makeup Are Not Enough
As it seeks a bigger slice of America's $16 billion prestige beauty industry, Birchbox is struggling to become a full-spectrum retailer rather than just a precious peddler of monthly subscription boxes.
News & Analysis
Lululemon Founder Says Company 'Has Lost its Way'
Founder Chip Wilson has blasted Lululemon's management, saying that the yoga clothing company 'has lost its way' and that 'a call to action is needed.'
Lululemon Founder Says Company 'Has Lost its Way'
Founder Chip Wilson has blasted Lululemon's management, saying that the yoga clothing company 'has lost its way' and that 'a call to action is needed.'
News & Analysis
Dior Says New Designer 'Work in Progress'
Six months after the departure of Raf Simons, appointing a new creative director is a "work in progress," says Dior's chief executive Sidney Toledano.
Dior Says New Designer 'Work in Progress'
Six months after the departure of Raf Simons, appointing a new creative director is a "work in progress," says Dior's chief executive Sidney Toledano.
Retail
Investors Unimpressed by Marks & Spencer Clothing Revival Plan
Marks & Spencer will reduce styles to de-clutter its stores, cut prices on up to a third of its items by more than 10 percent and dial back promotions, it has announced after conducting a six-week strategy review.
Investors Unimpressed by Marks & Spencer Clothing Revival Plan
Marks & Spencer will reduce styles to de-clutter its stores, cut prices on up to a third of its items by more than 10 percent and dial back promotions, it has announced after conducting a six-week strategy review.
Retail
M&S Boss to Map Out Rocky Road to Recovery
Turning around Marks & Spencer's clothing business will require yet more costly change and could squeeze short-term profits.
M&S Boss to Map Out Rocky Road to Recovery
Turning around Marks & Spencer's clothing business will require yet more costly change and could squeeze short-term profits.
News & Analysis
Sales in China, Europe Drive Handbag Maker Coach's Profit
Coach Inc, which has been trying to regain its cachet in the luxury handbag market, reported better-than-expected quarterly sales, spurred by demand in China and Europe.
Sales in China, Europe Drive Handbag Maker Coach's Profit
Coach Inc, which has been trying to regain its cachet in the luxury handbag market, reported better-than-expected quarterly sales, spurred by demand in China and Europe.
News & Analysis
Ferragamo Says CEO Norsa to Leave Post by End of 2016
Salvatore Ferragamo's chief executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the company.
Ferragamo Says CEO Norsa to Leave Post by End of 2016
Salvatore Ferragamo's chief executive Michele Norsa will leave his post by the end of the year after a decade at the helm of the company.
The News in Brief
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.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.