Aug 27- Teen apparel retailer Aeropostale Inc reported a loss for the 11th straight quarter as it discounted heavily to clear older inventory and closed many unprofitable stores. Aeropostale, like some other teen apparel retailers, has been losing customers to "fast-fashion" chains such as H&M, Forever 21 and Inditex's Zara and sportswear makers such as Nike...» Read More
Aug 26- Apparel retailer Gap Inc said it would end on-call shifts at all of its stores and improve scheduling policies to provide employees with at least 10-14 days' notice. The decision follows an inquiry by New York State attorney general Eric Schneiderman's office into the legality of on-call shifts at 13 retailers, including Gap, Target Corp, JC Penney Co Inc,...
Aug 26- Teen apparel retailer Abercrombie& Fitch Co reported a surprise adjusted quarterly profit, helped by demand for Hollister and Abercrombie Kids brands. Net loss attributable to the company was $810,000, or 1 cent per share, in the second quarter ended Aug. 1, compared with a net profit of $12.9 million, or 17 cents per share, a year earlier.
Aug 26- Teen apparel retailer Abercrombie& Fitch Co reported better-than-expected quarterly sales, helped by demand for Hollister and Abercrombie Kids brands. Net loss attributable to the company was $810 million, or 1 cent per share, in the second quarter ended August 1, compared with a net profit of $12.9 million, or 17 cents per share, a year earlier.
This ensemble is on track to be named the most controversial Halloween costume of 2015.
CNBC's Courtney Reagan takes a look at whether the turnaround plan at Gap is working.
This small business uses the newest knitting tech to crank out its apparel.
Aug 19- Teen apparel retailer American Eagle Outfitters Inc said it expected third-quarter comparable store sales growth to be sharply lower than the big jump it reported in the second quarter, sending its shares down as much as 10.5 percent. The same-store sales forecast implies a down tick to the recent improvement in comps, ITG Investment Research analyst...
Aug 19- Teen apparel retailer American Eagle Outfitters Inc reported its strongest comparable sales growth in 13 quarters, helped by a wider range of trendy merchandise and fewer discounts. American Eagle, unlike rivals Aeropostale Inc and Abercrombie& Fitch Co, has managed to win back shoppers by improving its merchandise to reflect trends such as festival-...
Aug 19- Teen apparel retailer American Eagle Outfitters Inc reported a 12.2 percent rise in quarterly sales, helped by fewer discounts and a broader offering of trendy merchandise. The company said its net income rose to $33.3 million, or 17 cents per share, in the second quarter ended Aug. 1, from $5.8 million, or 3 cents per share, a year earlier.
CNBC's Courtney Reagan takes a look at the changes taking place in the way American consumers are spending their money with clothing showing the biggest decline in years.
*Hires designer Aaron Levine from Ralph Lauren. Aug 18- Struggling teen apparel retailer Abercrombie& Fitch Co has hired designers and executives from top brands such as Ralph Lauren, Karl Lagerfeld and Tommy Hilfiger as it looks to turn around its business. Abercrombie said on Tuesday it hired designers Aaron Levine from Ralph Lauren Corp and Kristina Szasz...
Brands are stepping up apparel functionality to meet public demand. At the same time, women still want fashionable items.
Aug 18- Struggling teen apparel retailer Abercrombie& Fitch Co said it created six senior positions as it looks to turn around its Abercrombie& Fitch and abercrombie kids brands. Abercrombie said on Tuesday it had hired designers Aaron Levine from Ralph Lauren Corp and Kristina Szasz from PVH Corp to head design at its A&F mens and womens units, respectively.
Wal-Mart Stores reported quarterly earnings that fell short of analysts' expectations on Tuesday, and the retailer cut its full-year guidance.
Aug 17- Apparel retailer Urban Outfitters Inc reported a better-than-expected quarterly profit, helped by strong demand for its Free People line of bohemian and vintage clothing and recovering sales at its flagship brand. Trendy, fashionable clothing, tight inventory controls and investments in e-commerce have helped Urban Outfitters return its...
Aug 17- Apparel retailer Urban Outfitters Inc reported a 7 percent rise in quarterly sales, helped by recovering sales at its namesake brand and strong demand for its Free People line of clothes. Revenue rose to $867.5 million from $811.3 million, while comparable sales rose 4 percent. The company said net income fell to $66.8 million in the second quarter ended...
Jan Kniffen, J. Rogers Kniffen CEO, shares his outlook on the retail sector as lower gas prices put more money in the pockets of consumers.
Amazon is experimenting with how far it can push white-collar workers, to get them to achieve its ever-expanding ambitions, The NY Times reports.
Upstart online retailer jet.com appeared to be suffering some website trouble early Saturday.
Shares of Kohl's dipped nearly 9 percent on Thursday after the retailer reported an earnings miss and posted a sharp profit decline.