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Many teens say social cachet these days involves waving the latest hand-held technology not wearing the latest fashions, the NYT reports.
Aug 28- Teen apparel retailer Abercrombie& Fitch Co's same-store sales declined for the tenth straight quarter as it struggled to attract customers who held back discretionary spending amid wage cuts and fewer jobs.
Aug 28- Teen apparel retailer Abercrombie& Fitch Co's quarterly sales fell 6 percent as customers cut back on discretionary spending amid wage cuts and fewer jobs. The company's shares were down 8 percent in premarket trading on Thursday.
Aug 28- Private equity firm Lion Capital LLP has told American Apparel Inc that it is exercising its right to fill one of the two vacant board seats it controls at the apparel retailer, the Wall Street Journal reported, citing people familiar with the matter.
NEW YORK, Aug 27- U.S. stocks were little changed on Wednesday, holding near record highs on a day of light volume, though a number of retail stocks traded heavily after reporting results. Both Tiffany& Co and apparel retailer Express Inc rose after posting quarterly revenue that topped expectations and raising their full-year profit views.
Aug 25- An activist investor urged women's apparel retailer Ann Inc to sell itself, saying it could fetch as much as $2.52 billion, failing which each of the company's board members should buy back stock as a "sign of confidence".
Aug 25- Activist Investor Engine Capital LP wants women's apparel retailer Ann Inc to sell itself, which it believes could fetch around $2.5 billion, the Wall Street Journal reported, citing people familiar with the matter.
Short sellers are upping their bets on retailers closely tied to the back-to-school season—despite the companies' positive forecasts.
Gap raised its full-year profit forecast, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.
Aug 21- Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets. Gap said it is partnering with Arvind Lifestyle Brand Ltd, a unit of textile manufacturer Arvind Ltd, for opening the stores in India.
SAN FRANCISCO— Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. The San Francisco- based company also said it plans to open Gap stores in India next year. The performance reflected a 5 percent decline at Gap, flat sales at Banana Republic, and growth of 4 percent at Old Navy.
Aug 21- Teen apparel retailer Gap Inc reported a better-than-expected quarterly profit and sales and raised its full-year profit forecast, helped by strong sales of its low-priced Old Navy clothes. Comparable sales at Old Navy stores, which cater to a slightly older customer base, rose 4 percent in the second quarter ended Aug 2.
The Little League Baseball World Series, which holds its championship this weekend, has become a big-money sports event.
Swiss watch exports to China saw a bumper 49 percent rise in July from the same time last year, industry figures show, a remarkable return to growth.
Christopher Finazzo was also ordered to forfeit more than $25 million and pay the company $13.7 million in restitution.
NEW YORK, Aug 20- A former merchandising executive at teen apparel retailer Aeropostale Inc was sentenced to eight years in prison on Wednesday after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.
Bain's investment will be used to accelerate TOMS' business program and support its philanthropic activities, a source said.
FMHR traders Pete Najarian and Josh Brown discuss declining golf sales in Dick's Sporting Goods, and their play on the stock.
Aug 18- Teen apparel retailer Aeropostale Inc said it had reappointed Julian Geiger as chief executive as it seeks to win back customers and stanch six quarters of losses.
Aug 18- Teen apparel retailer Aeropostale Inc said it had reappointed Julian Geiger as chief executive with immediate effect. Geiger, who was CEO of the retailer from 1996 to 2009, will replace Thomas Johnson, who has held the position since 2010..