Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
travel-retail
China
The China Edit | Millennial Spending Poses Debt Risk, Michael Jordan Scores Legal Win
Spending and borrowing by Chinese millennials poses a risk to China's fast-growing debt, and basketball player Michael Jordan scores a legal win for his Chinese name.
The China Edit | Millennial Spending Poses Debt Risk, Michael Jordan Scores Legal Win
Spending and borrowing by Chinese millennials poses a risk to China's fast-growing debt, and basketball player Michael Jordan scores a legal win for his Chinese name.
Luxury
Tag Heuer CEO Say New Models Helping to Buck Downturn
Tag's new models are helping it offset the wider challenges of a downturn in the Swiss watch industry.
Tag Heuer CEO Say New Models Helping to Buck Downturn
Tag's new models are helping it offset the wider challenges of a downturn in the Swiss watch industry.
China
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
The China Edit | Hong Kong's Homegrown Talent, Rise of Domestic Shopper
This week, China looks to its homegrown talent in Hong Kong to drive the future growth of its fashion industry, and the owners of outlet park Bicester Village take a bet on growing demand from domestic Chinese consumers by opening a second outlet park.
News & Analysis
Luxury For Less: Tourists Are Winners in Pound's Drop
The pound has lost almost a fifth of its value against the dollar since the June 23 referendum on EU membership because of uncertainty about Britain's economic prospects.
Luxury For Less: Tourists Are Winners in Pound's Drop
The pound has lost almost a fifth of its value against the dollar since the June 23 referendum on EU membership because of uncertainty about Britain's economic prospects.
Global Markets
After Death of Thai King, Luxury Market Wavers
With a year-long mourning period and a possibly less-than-smooth transition planned, what does the future hold for Thailand's luxury sector?
After Death of Thai King, Luxury Market Wavers
With a year-long mourning period and a possibly less-than-smooth transition planned, what does the future hold for Thailand's luxury sector?
China
The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding
This week, logistics company ZTO Express set terms for what could be the largest US initial public offering this year and Alibaba introduced a new payment system that allows shoppers to make a payment by nodding.
The China Edit | ZTO Express Eyes IPO, Alibaba's Payment By Nodding
This week, logistics company ZTO Express set terms for what could be the largest US initial public offering this year and Alibaba introduced a new payment system that allows shoppers to make a payment by nodding.
News & Analysis
Chinese Shoppers to Make Asia Surpass Europe for Duty-Free Market Share by 2020
"As more Chinese consumers embark on international trips, their effect on the global duty-free retail market is becoming more apparent."
Chinese Shoppers to Make Asia Surpass Europe for Duty-Free Market Share by 2020
"As more Chinese consumers embark on international trips, their effect on the global duty-free retail market is becoming more apparent."
News & Analysis
In Venice, Duty-Free Shopping Takes on a Whole New Look
"The Fondaco is being rechristened T Fondaco dei Tedeschi and turned into a 72,355-square-foot luxury emporium for the Hong Kong-based DFS
In Venice, Duty-Free Shopping Takes on a Whole New Look
"The Fondaco is being rechristened T Fondaco dei Tedeschi and turned into a 72,355-square-foot luxury emporium for the Hong Kong-based DFS
News & Analysis
Chinese Tourists in Asia are Spending Less But Travelling More
"Average spending dropped by a whole 30 percent across all nationalities in August, with lower spending among Chinese travellers."
Chinese Tourists in Asia are Spending Less But Travelling More
"Average spending dropped by a whole 30 percent across all nationalities in August, with lower spending among Chinese travellers."
Retail
The Potential of Pilgrim Retail
New retail developments in Jeddah and Mecca are evidence of the opportunity presented by increasing numbers of pilgrims travelling to Saudi Arabia.
The Potential of Pilgrim Retail
New retail developments in Jeddah and Mecca are evidence of the opportunity presented by increasing numbers of pilgrims travelling to Saudi Arabia.
Luxury
224-Year-Old Goyard Seduces Luxury Giants
Goyard is among the last of its kind not swallowed up by a larger peer, however Kering chief executive officer Francois-Henri Pinault would not be averse to adding it to his company’s stable of brands, a person familiar with the matter said.
224-Year-Old Goyard Seduces Luxury Giants
Goyard is among the last of its kind not swallowed up by a larger peer, however Kering chief executive officer Francois-Henri Pinault would not be averse to adding it to his company’s stable of brands, a person familiar with the matter said.
News & Analysis
Tapping Travel Retail Amidst Terror
In an increasingly volatile world, retailers must build a global footprint, be flexible and tap travelling consumers at their point of departure.
Tapping Travel Retail Amidst Terror
In an increasingly volatile world, retailers must build a global footprint, be flexible and tap travelling consumers at their point of departure.
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.