Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
tax
Financial Markets
Report: Italian Financial Police Visit Gucci Offices in Tax Probe
Milan prosecutors suspected the Kering-owned brand may have paid taxes on profits generated by sales in Italy in another country with a more favourable tax regime, according to a source.
Report: Italian Financial Police Visit Gucci Offices in Tax Probe
Milan prosecutors suspected the Kering-owned brand may have paid taxes on profits generated by sales in Italy in another country with a more favourable tax regime, according to a source.
China
Cuts to China’s Import Tariffs to Buoy Fashion and Cosmetics
Import taxes on almost 200 consumer goods categories, including fashion and cosmetics, are to be slashed in a bid to encourage more domestic spending.
Cuts to China’s Import Tariffs to Buoy Fashion and Cosmetics
Import taxes on almost 200 consumer goods categories, including fashion and cosmetics, are to be slashed in a bid to encourage more domestic spending.
Financial Markets
Nike Knocked by Unions for Company's Tax Avoidance Strategies
Following Nike's appearance in the 'Paradise Papers' earlier this month, the sports giant is now facing a push by organised labour to stop the practice.
Nike Knocked by Unions for Company's Tax Avoidance Strategies
Following Nike's appearance in the 'Paradise Papers' earlier this month, the sports giant is now facing a push by organised labour to stop the practice.
Financial Markets
Prada Signs Italian Tax Cooperation Agreement
The scheme involves an exchange of information between the Italian fashion house and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Prada Signs Italian Tax Cooperation Agreement
The scheme involves an exchange of information between the Italian fashion house and authorities to avoid disputes and help the business to avoid unexpected tax demands.
Financial Markets
Bernard Arnault Responds to 'Paradise Papers'
Assets referred to by Le Monde newspaper in the 'Paradise Papers' leaks were known to tax authorities, said the LVMH chief executive in a statement.
Bernard Arnault Responds to 'Paradise Papers'
Assets referred to by Le Monde newspaper in the 'Paradise Papers' leaks were known to tax authorities, said the LVMH chief executive in a statement.
Retail
US Retailers Boost Lobbying Spend Amid Border-Tax Battle
Target, Best Buy and Gap almost quadrupled their combined spending on lobbying in Washington as they work to defeat a corporate-tax proposal that some have said threatens their industry.
US Retailers Boost Lobbying Spend Amid Border-Tax Battle
Target, Best Buy and Gap almost quadrupled their combined spending on lobbying in Washington as they work to defeat a corporate-tax proposal that some have said threatens their industry.
Financial Markets
Why Vetements is Moving to Zürich
The cult fashion collective is leaving Paris for a ‘clean slate’ — and a favourable tax regime — in Switzerland’s largest city.
Why Vetements is Moving to Zürich
The cult fashion collective is leaving Paris for a ‘clean slate’ — and a favourable tax regime — in Switzerland’s largest city.
Financial Markets
A Swinging Birkin Bag Can Swat Away US Border Tax Plan
The mooted US Border Adjustment Tax would penalise companies that manufacture overseas and is intended to promote American jobs.
A Swinging Birkin Bag Can Swat Away US Border Tax Plan
The mooted US Border Adjustment Tax would penalise companies that manufacture overseas and is intended to promote American jobs.
Financial Markets
Trump Tells Retail Executives Tax Overhaul Plan Is Coming Soon
The proposed overhaul of the corporate tax code would reward companies that sell products outside the US while punishing ones that rely on low-cost overseas suppliers.
Trump Tells Retail Executives Tax Overhaul Plan Is Coming Soon
The proposed overhaul of the corporate tax code would reward companies that sell products outside the US while punishing ones that rely on low-cost overseas suppliers.
Financial Markets
Report: Retail CEOs Head to Washington to Try to Kill US Border Tax
Their input has more urgency as US President Donald Trump is finalising his own tax plan that he plans to unveil in the coming weeks.
Report: Retail CEOs Head to Washington to Try to Kill US Border Tax
Their input has more urgency as US President Donald Trump is finalising his own tax plan that he plans to unveil in the coming weeks.
Financial Markets
The Real Dangers of Border Adjusted Tax for Fashion
The proposed reforms could cripple any American fashion brand reliant upon importing goods and services from abroad.
The Real Dangers of Border Adjusted Tax for Fashion
The proposed reforms could cripple any American fashion brand reliant upon importing goods and services from abroad.
Financial Markets
Italian Fashion Industry Hopes to Avert Additional US Tax
Carlo Capasa said that Italian luxury imports to the United States are currently taxed at an average rate of 20 percent.
Italian Fashion Industry Hopes to Avert Additional US Tax
Carlo Capasa said that Italian luxury imports to the United States are currently taxed at an average rate of 20 percent.
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.