March 4- Teen apparel retailer Abercrombie& Fitch Co said the factors that led to a drop in sales in the fourth quarter- a strong dollar and weak demand for clothing featuring its name and logo- would persist in the first half of its fiscal year. Abercrombie& Fitch shares fell as much as 15 percent to a six-year low of $20.37 in morning trading on Wednesday.» Read More
These 13 stocks have beat the growth of Berkshire Hathaway in the years since 1985. USA Today reports.
When it comes to paying better wages and keeping employees happy, Zappos isn't waiting for the other shoe to drop.
Johnny Manglani, founder and president of Uomo Group, says business confidence in Russia saw a "rapid deterioration" since the annexation of Crimea and discusses the impact from a slowdown in Russian and Chinese tourists.
Feb 26- Apparel retailer Gap Inc forecast a drop in full-year profit, citing a strong dollar, shipment delays due to disruptions at U.S. West Coast ports and declining sales at its flagship Gap brand. The company named Wendi Goldman as executive vice president of Gap's product design and development team, a month after it eliminated the role of brand creative...
J.C. Penney reported break-even results on Thursday, missing estimates for profit of 11 cents a share, while same-store-sales grew more than expected.
Feb 26- Apparel retailer Gap Inc forecast a drop in profit for its year ending January 2016, citing a strong dollar and merchandise delays due to labor issues at U.S. West Coast ports. The company said it expects to earn $2.75- $2.80 per share for the year ending January 2016. The company has also been struggling with a slump in sales at its pricier Banana Republic and...
Gap warned that the slowdown at the West Coast ports would negatively affect its 2015 earnings.
Feb 26- Women's apparel retailer Chico's FAS Inc said it would shut about 120 stores by 2017, two days after the Wall Street Journal reported that private equity firm Sycamore Partners had dropped its attempt to buy the struggling company. The Fort Myers, Florida- based company operates 1,547 stores in the United States and Canada, selling private-label...
Feb 26- Women's apparel retailer Chico's FAS Inc said it had cut jobs and would shut about 120 stores by 2017 to save costs. Chico's net loss widened to $31.8 million, or 21 cents per share, in the fourth quarter ended Jan. 31 from $348,000, or breakeven per share, a year earlier. Revenue rose 7.6 percent to $656.9 million.
Feb 25- Discount apparel retailer TJX Cos Inc forecast current-quarter and full-year profit below analysts' expectations, citing a strong dollar and wage hikes. TJX said on Wednesday it would raise wages in the United States to a minimum of $9 per hour from June, a move that matches Wal-Mart Stores Inc's hike announced last week. TJX forecast a profit of 64- 66 cents...
Feb 25- Discount apparel retailer TJX Cos Inc reported an 11.3 percent rise in quarterly profit and said it would raise wages in the United States to a minimum of $9 per hour from June. TJX also said it would buy back up to $1.8 billion- $1.9 billion of shares this fiscal year, $100 million- $200 million more than last year. TJX said net income rose to $648.2 million, or 93...
WASHINGTON, Feb 24- A Muslim woman denied a sales job at an Abercrombie& Fitch Co clothing store in Oklahoma because she wears a head scarf has won the support of Christians, Jews, Sikhs and fellow Muslims as the U.S. Supreme Court prepares to hear her case. The Supreme Court is due to hear a one-hour oral argument in the case on Wednesday, with a ruling due by the end of...
Enrico Ziglio, founder of Sister Jane says fashion week is still important, but trends are changing faster than ever, due to the consumer and social media's impact.
Berkshire Hathaway signed a 400-million euro deal to acquire a Hamburg-based retailer of motorcycle apparel and accessories.
Rose Thomas, author of The Londoner Blog, says social media platforms like Instagram are driving growth for fashion designers.
Erika Nilsson-Humphrey, founder of Dappad, says menswear fashion could overtake womenswear by 2018.
Under Armour and the boxing legend are collaborating on an apparel collection launching next month that will revolve around Ali's likeness.
Bjoern Gulden, CEO of Puma SE says "we want to be the fastest sports brand in the world," while discussing its 2015 marketing costs and hiring of superstar, Rihanna.
Bjoern Gulden, CEO of Puma, discusses its recent earnings results, adding that the volatility in currency has had a huge impact on business.
For a day swaddled in romantic imagery and love, Valentine's Day has a history literally drenched in blood.