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Apparel Retail

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  • LL Bean struggles to meet demand for iconic boot Thursday, 4 Dec 2014 | 10:44 AM ET
    Giant boot in front of a L.L. Bean store in Freeport Maine.

    Sales of the iconic boot have grown from fewer than 100,000 a decade ago to about 450,000 this year.

  • Dec 3- Teen apparel retailer Aeropostale Inc reported its eight straight quarterly loss, hurt by higher discounts and falling demand, and said it would close about 75 stores in the current quarter. The closure of 75 Aeropostale stores in the fourth quarter will take the company's total US and Canada closures to about 120 stores in 2014, well ahead of its guidance...

  • Dec 3- Teen apparel retailer Aeropostale Inc reported its eight straight quarterly loss, hurt by an 11 percent fall in same-store sales as lower mall traffic, higher discounts and falling demand continued to weigh on results. Apart from failing to address its weakness in the online arena, Aeropostale is struggling to keep pace with changing trends and attract...

  • Aeropostale posts loss for eighth straight quarter Wednesday, 3 Dec 2014 | 4:20 PM ET

    Dec 3- Teen apparel retailer Aeropostale Inc reported its eight straight quarterly loss, hurt by slower mall traffic, higher discounts and lower demand for its clothing. The company's net loss widened to $52.3 million, or 66 cents per share, in the third quarter ended Nov. 1, from $25.6 million, or 33 cents per share, a year earlier. Revenue fell to $452.9 million from...

  • *Cuts full-year adjusted profit forecast. Dec 3- Struggling teen apparel retailer Abercrombie& Fitch Co said it expected its turnaround efforts to bear fruit next year, but warned of a tough holiday quarter as it discounts heavily. "...we view Abercrombie as a turnaround story that remains largely on track despite the third quarter setback," Suntrust Robinson...

  • Earnings: Bourbon is in, apparel is out Wednesday, 3 Dec 2014 | 10:31 AM ET
    Bottles of Jack Daniel's whiskey

    Brown-Forman's soft earnings were about forex headwinds, not flagging demand. The same can't be said for Abercrombie & Fitch.

  • Abercrombie cuts forecast on higher discounts Wednesday, 3 Dec 2014 | 10:00 AM ET
    Pedestrians are reflected in the window of an Abercrombie & Fitch store in San Francisco.

    Abercrombie & Fitch cut its full-year profit forecast as higher discounts and efforts to refresh its merchandise failed to attract young customers.

  • Dec 3- Struggling apparel retailer Abercrombie& Fitch Co cut its full-year profit forecast as higher discounts and efforts to refresh its merchandise by dropping the logo-centric approach failed to attract young customers. Abercrombie, which has most of its stores in malls, has been hurt also as fewer people visit malls in North America and Europe and prefer...

  • Dec 3- Struggling apparel retailer Abercrombie& Fitch Co reported a 25 percent fall in adjusted quarterly profit due to lower mall traffic, higher discounts and weak demand. The company said adjusted net income fell to $30.4 million, or 42 cents per share, in the third quarter ended Nov. 1 from $40.5 million, or 52 cents per share, a year earlier. Revenue fell 12 percent...

  • L Capital Asia invests in Seafolly  Tuesday, 2 Dec 2014 | 10:32 PM ET

    Ravi Thakran, Chairman & Managing Partner of L Capital Asia, and Anthony Halas, CEO of Seafolly, discuss plans to turn the Australian swimwear line into a lifestyle brand.

  • NEW YORK, Dec 2- Footwear retailer Brown Shoe Company Inc is trying to acquire women's luxury shoe retailer Stuart Weitzman Holdings LLC, which could fetch close to $1 billion, three people familiar with the matter said on Tuesday. Brown Shoe is competing against other potential suitors, that include private equity firms and financial investors, the sources...

  • Reebok looks to capture UFC fans—including women Tuesday, 2 Dec 2014 | 3:12 PM ET
    Dana White, Lorenzo Fertitta and Matt O'Toole appear on stage at Reebok and UFC Announce Long-Term Partnership at Industria Studios on December 2, 2014 in New York City.

    Reebok struck a deal to provide apparel to UFC athletes at a time when more women are watching the sport.

  • Zappos' pop-up message: Retailer sells clothes, too Monday, 1 Dec 2014 | 5:33 PM ET

    Zappos opened its first pop-up store in Las Vegas for the holidays. Its CEO explains why he made the move.

  • Cyber Monday: Super Bowl of e-commerce  Monday, 1 Dec 2014 | 10:52 AM ET

    "We think the top malls are as strong as ever," says Andy Dunn, Bonobos CEO, discussing Cyber Monday discounts and strength of the malls.

  • Saturday, 29 Nov 2014 | 2:00 PM ET
    Macy's flagship store in New York.
  • Consumers 'starting to feel better': Macy's CEO Saturday, 29 Nov 2014 | 1:16 PM ET
    Macy's flagship store in New York.

    Macy's is cautiously optimistic about the possibility of a bullish holiday shopping season, CEO Terry Lundgren said in an interview.

  • *Deal gives Steinhoff exposure to African clothing market. JOHANNESBURG, Nov 25- South Africa's Steinhoff International will buy clothing retailer Pepkor in a $5.7 billion deal that gives the budget furniture firm exposure to Africa's fast-growing apparel market and strengthens its business in eastern Europe. The 62.8 billion rand cash and share deal will...

  • Nov 20- Apparel retailer Gap Inc cut its full-year earnings forecast as sales at the Gap brand continued to fall and demand for the cheaper Old Navy clothing slowed. Comparable sales growth at Old Navy stores slowed to 1 percent from 4 percent in the preceding quarter. The company cut its earnings forecast to $2.73- $2.78 per share from $2.95- $3.00 per share for the...

  • Gap revenue misses estimate Thursday, 20 Nov 2014 | 4:30 PM ET

    Nov 20- Apparel retailer Gap Inc reported lower-than-expected quarterly revenue, hurt by a 5.5 percent fall in the U.S. sales of its namesake brand. The company, which also owns the Banana Republic and Old Navy brands, said net sales fell slightly to $3.97 billion in the third quarter from $3.98 billion from a year earlier. Net income rose to $351 million, or 80 cents...

  • Know a fitness freak? Check out these hot gifts  Wednesday, 19 Nov 2014 | 10:00 AM ET

    CNBC.com's Krystina Gustafson details the hottest holiday tech gifts for the fitness buff in your life.