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.» Read More
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.
The country celebrates Valentine's Day differently, by type of gift and amount of spending across regions and top cities, according to data.
Feb 9- U.S. apparel retailers Urban Outfitters Inc and Aeropostale Inc reported better-than-expected quarterly sales after holiday sales in the United States rose the most since 2011.. Urban Outfitters shares rose 7.5 percent in extended trading, while Aeropostale's stock jumped 21.2 percent. Aeropostale's net sales fell 11 percent to $594.5 million in...
Feb 9- Apparel retailers Urban Outfitters Inc and Aeropostale Inc reported better-than-expected quarterly sales as holiday season sales in the United States increased the most since 2011.. Urban Outfitters shares were up 7 percent in extended trading, while Aeropostale's stock rose 23 percent. Net sales increased to $1.01 billion for the fourth quarter...
How does a stronger U.S. dollar affect retail sales? Stacey Widlitz, retail analyst at CNBC, discusses currency moves and consumers.
Nick Hayek Jr, CEO of Swatch Group, says the company's share price isn't as important as their sales.
CNBC's "Fast Money" traders looked at how to play Wednesday's retail developments.