Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
watches
Financial Markets
Swatch to Start Selling Mobile Payment Watch in US in 2016
Swatch Group AG plans to start selling a timepiece that can make contactless payments in the US, Switzerland and Brazil early next year through an agreement with Visa Inc.
Swatch to Start Selling Mobile Payment Watch in US in 2016
Swatch Group AG plans to start selling a timepiece that can make contactless payments in the US, Switzerland and Brazil early next year through an agreement with Visa Inc.
Luxury
Watch Brands Find Growth in the Women's Market
As the global demand for timepieces slows, companies are eager to draw from the relatively untapped well that is the ladies watch segment.
Watch Brands Find Growth in the Women's Market
As the global demand for timepieces slows, companies are eager to draw from the relatively untapped well that is the ladies watch segment.
Technology
Fossil to Buy Wearable Maker Misfit for $260 Million
Fossil agreed to acquire Misfit, a maker of wearable devices, for $260 million to shore up its technology as it pushes into smartwatches.
Fossil to Buy Wearable Maker Misfit for $260 Million
Fossil agreed to acquire Misfit, a maker of wearable devices, for $260 million to shore up its technology as it pushes into smartwatches.
Technology
Tag Heuer Launches Smartwatch Co-Developed with Google and Intel
LVMH's Tag Heuer has become the first Swiss watchmaker to offer a "smartwatch" to customers, as it seeks to tap a growing market for wearable devices amid flagging sales of traditional watches.
Tag Heuer Launches Smartwatch Co-Developed with Google and Intel
LVMH's Tag Heuer has become the first Swiss watchmaker to offer a "smartwatch" to customers, as it seeks to tap a growing market for wearable devices amid flagging sales of traditional watches.
News & Analysis
Swatch CEO Sees 2016 Swiss Launch for Pay Watch
Swatch Group expects to launch a smartwatch that can be used to make payments in Switzerland next spring, chief executive Nick Hayek said in an interview.
Swatch CEO Sees 2016 Swiss Launch for Pay Watch
Swatch Group expects to launch a smartwatch that can be used to make payments in Switzerland next spring, chief executive Nick Hayek said in an interview.
News & Analysis
Swatch CEO Hayek Says Full-Year Sales May Be Near Last Year’s
Swatch Group AG chief executive officer Nick Hayek said full-year sales may be near last year’s level as the strong franc weighs on exports of Swiss watchmakers.
Swatch CEO Hayek Says Full-Year Sales May Be Near Last Year’s
Swatch Group AG chief executive officer Nick Hayek said full-year sales may be near last year’s level as the strong franc weighs on exports of Swiss watchmakers.
Technology
Swiss Watch Exports Have Biggest Quarterly Decline Since 2009
Swiss watch exports had their biggest quarterly decline since 2009, as the industry struggles with the strong franc and concern that competition from Apple Inc.’s smartwatch may be denting demand for low-end timepieces.
Swiss Watch Exports Have Biggest Quarterly Decline Since 2009
Swiss watch exports had their biggest quarterly decline since 2009, as the industry struggles with the strong franc and concern that competition from Apple Inc.’s smartwatch may be denting demand for low-end timepieces.
News & Analysis
James Bond’s Favourite Watch Tackles $6,000 Mission: Millennials
Omega is putting more than 140 million Swiss francs ($146 million) of James Bond watches up for sale this year, based on the number being sold and their recommended retail price.
James Bond’s Favourite Watch Tackles $6,000 Mission: Millennials
Omega is putting more than 140 million Swiss francs ($146 million) of James Bond watches up for sale this year, based on the number being sold and their recommended retail price.
China
Swatch Links With China Bank Giants for Payment Watch
Swatch Group AG is linking up with China Unionpay and Bank of Communications to sell a watch that can be used to make payments.
Swatch Links With China Bank Giants for Payment Watch
Swatch Group AG is linking up with China Unionpay and Bank of Communications to sell a watch that can be used to make payments.
News & Analysis
Swatch Group’s Tissot Becomes First Official NBA Timekeeper
Tissot SA will become the first official timekeeper of the National Basketball Association in a six-year sponsorship valued at $200 million, according to a person familiar with terms of the deal.
Swatch Group’s Tissot Becomes First Official NBA Timekeeper
Tissot SA will become the first official timekeeper of the National Basketball Association in a six-year sponsorship valued at $200 million, according to a person familiar with terms of the deal.
News & Analysis
Sotheby’s to Sell Rare Swatch Collection in Geneva Auction
Sotheby’s will sell a collection of almost 1,000 Swatch timepieces dating back to the early days of the brand in the 1980s.
Sotheby’s to Sell Rare Swatch Collection in Geneva Auction
Sotheby’s will sell a collection of almost 1,000 Swatch timepieces dating back to the early days of the brand in the 1980s.
China
LVMH’s Biver Sees Tougher 2016 for Swiss Watch Industry
LVMH watch chief Jean-Claude Biver said 2016 is set to be a tougher year for the Swiss watch industry because of the economic slowdown in China.
LVMH’s Biver Sees Tougher 2016 for Swiss Watch Industry
LVMH watch chief Jean-Claude Biver said 2016 is set to be a tougher year for the Swiss watch industry because of the economic slowdown in China.
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.