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

Current minority partner TA Associates will be exiting its investment in the Parisian label.

Current minority partner TA Associates will be exiting its investment in the Parisian label.

This week, Karla Otto is succeeded at her eponymous PR label by co-CEOs, while Valentino appoints its first chief brand officer.

This week, Karla Otto is succeeded at her eponymous PR label by co-CEOs, while Valentino appoints its first chief brand officer.

In this week's Power Moves, Condé Nast has promoted Elaine Welteroth to editor-in-chief of Teen Vogue, and Safilo Group has appointed Eugenio Razelli as chairman for its board of directors.

In this week's Power Moves, Condé Nast has promoted Elaine Welteroth to editor-in-chief of Teen Vogue, and Safilo Group has appointed Eugenio Razelli as chairman for its board of directors.

BoF compiles the most important professional moves of the week.

BoF compiles the most important professional moves of the week.
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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.