Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.

The Team USA Olympic store in Rio’s ritzy Ipanema was planned to turn Team USA into a year-round retailer, though in a country with a business culture that can leave even seasoned entrepreneurs fuming, the venture never gained traction.

The Team USA Olympic store in Rio’s ritzy Ipanema was planned to turn Team USA into a year-round retailer, though in a country with a business culture that can leave even seasoned entrepreneurs fuming, the venture never gained traction.

Nike has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to Adidas and Under Armour.

Nike has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to Adidas and Under Armour.

Nike will stop selling golf equipment, striking another blow to a pastime hurt by slowing participation rates.

Nike will stop selling golf equipment, striking another blow to a pastime hurt by slowing participation rates.

Adidas signed an agreement with billionaire Wang Jianlin’s Dalian Wanda Group to help develop soccer and basketball in China, as the German company seeks to capitalise on increasing interest in sports and fitness in the world’s most populous nation.

Adidas signed an agreement with billionaire Wang Jianlin’s Dalian Wanda Group to help develop soccer and basketball in China, as the German company seeks to capitalise on increasing interest in sports and fitness in the world’s most populous nation.

Adidas has partnered with Kate Moss and bessnyc4 to launch its re-issued Gazelle sneakers, which some have called 'the new Stan Smiths.'

Adidas has partnered with Kate Moss and bessnyc4 to launch its re-issued Gazelle sneakers, which some have called 'the new Stan Smiths.'

Michael Kors is set to partner with the McLaren-Honda Formula 1 racing team, as part of a broader plan to combat decelerating growth by winning new customers outside its base of female handbag aficionados.

Michael Kors is set to partner with the McLaren-Honda Formula 1 racing team, as part of a broader plan to combat decelerating growth by winning new customers outside its base of female handbag aficionados.

Adidas extended its sponsorship of the German Football Association until 2022, paying about twice the amount of its previous agreement.

Adidas extended its sponsorship of the German Football Association until 2022, paying about twice the amount of its previous agreement.

Getting soccer idols to recommend a brand’s cleats directly on Twitter and Instagram can grant more bang for the marketing buck than spiralling team sponsorships, which can top $1 billion.

Getting soccer idols to recommend a brand’s cleats directly on Twitter and Instagram can grant more bang for the marketing buck than spiralling team sponsorships, which can top $1 billion.

Nike is sticking with star Maria Sharapova after the International Tennis Federation suspended her for two years for using a performance-enhancing substance.

Nike is sticking with star Maria Sharapova after the International Tennis Federation suspended her for two years for using a performance-enhancing substance.

The sportswear company that outfits Stephen Curry, Tom Brady and Notre Dame athletics is preparing its debut bond offering as a global hunt for yield pushes borrowing costs for investment-grade corporates to their lowest in more than a year.

The sportswear company that outfits Stephen Curry, Tom Brady and Notre Dame athletics is preparing its debut bond offering as a global hunt for yield pushes borrowing costs for investment-grade corporates to their lowest in more than a year.

With at least one in four adults either overweight or obese, more upwardly mobile Chinese are beginning to value a healthy lifestyle over branded luxury goods.

With at least one in four adults either overweight or obese, more upwardly mobile Chinese are beginning to value a healthy lifestyle over branded luxury goods.

UCLA and Under Armour have agreed to an athletic shoe and apparel deal that will pay the school a record $280 million over 15 years.

UCLA and Under Armour have agreed to an athletic shoe and apparel deal that will pay the school a record $280 million over 15 years.
The brands Gap and Banana Republic beat comparable sales estimates.
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
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.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
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.
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
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.
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.