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Apparel Retail

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  • Guess profit beats on improving traffic, online business Wednesday, 18 Mar 2015 | 4:46 PM ET

    March 18- Apparel retailer Guess Inc reported a better-than-expected quarterly profit as traffic improved and the company's online business grew. Net income attributable to Guess fell to $53.9 million, or 63 cents per share, for the fourth quarter ended Jan. 31 from $69.6 million, or 82 cents per share, a year earlier. Analysts on average had expected a profit of 57...

  • March 12- Teen apparel retailer Aeropostale Inc forecast a bigger quarterly loss than analysts were expecting, citing low demand due to weak customer traffic at malls. Aeropostale has been struggling to attract young shoppers, who are increasingly shifting to fast-fashion retailers such as H&M, Forever 21 and Inditex's Zara. Aeropostale forecast a loss of 53-...

  • March 12- Teen apparel retailer Aeropostale Inc reported an adjusted profit after two years of losses as cost cuts helped boost margins in the holiday shopping quarter. Aeropostale's net loss narrowed to $13.5 million, or 17 cents per share, in the fourth quarter ended Jan. 31 from $70.3 million, or 90 cents per share, a year earlier. Analysts on average had expected...

  • Get your own life-size Avenger for $40K Tuesday, 10 Mar 2015 | 12:21 PM ET

    For only $39,929, one company is giving Avengers fans the chance to own a life-size Iron Man statue, including the latest uniform, the Mark 43.

  • Style trends in wearable tech   Tuesday, 10 Mar 2015 | 6:42 AM ET
    Style trends in wearable tech

    Rebecca Minkoff, fashion designer, and Uri Minkoff, Rebecca Minkoff CEO, discuss tech opportunities in retail, including the ability to provide an interactive, customizable shopping experience for consumers.

  • March 9- Apparel retailer Urban Outfitters Inc reported a better-than-expected quarterly profit as comparable sales rose for the first time in a year, helped by a recovery at the company's namesake brand and strong demand for its Free People line of clothes. Total comparable sales rose 6 percent in the fourth quarter ended Jan. 31, with same-store sales...

  • Is Asos heading to the high street?   Friday, 6 Mar 2015 | 11:10 AM ET
    Is Asos heading to the high street?

    Guy Grainger, UK CEO of Jones Lang LaSalle, explains why online clothing brand ASOS has done better this year, and why it could move to the high street.

  • 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.

  • Mar 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. Teen apparel retailers such as Abercrombie, American Eagle Outfitters Inc and Aeropostale Inc have suffered as young...

  • Abercrombie & Fitch profit falls by a third Wednesday, 4 Mar 2015 | 7:44 AM ET

    Mar 4- Teen apparel retailer Abercrombie& Fitch Co said its quarterly profit fell by a third, hurt by low demand for its Hollister and namesake brands, discounts and a strong dollar. The company's net income fell to $44.4 million, or 63 cents per share, in the fourth quarter ended Jan. 31, from $66.1 million, or 85 cents per share, a year earlier. Net sales fell 14 percent to...

  • JOHANNESBURG, March 3- South African retailer The Foschini Group aims to almost triple the number of its stores across the rest of Africa over the next five years, its chief executive said on Tuesday. Foschini is the biggest reseller of Adidas and Nike products in South Africa where it is the No.3 clothes retailer by market value and operates more than 2,000...

  • 13 stocks that beat Warren Buffett Tuesday, 3 Mar 2015 | 8:16 AM ET
    Cleveland Cavaliers' LeBron James sits on the base line in front of Warren Buffett, left, in an NBA basketball game against the Charlotte Hornets Monday, Dec. 15, 2014, in Cleveland.

    These 13 stocks have beat the growth of Berkshire Hathaway in the years since 1985. USA Today reports.

  • Zappos takes a page from Uber, tries surge wages Sunday, 1 Mar 2015 | 9:00 AM ET
    Zappos

    When it comes to paying better wages and keeping employees happy, Zappos isn't waiting for the other shoe to drop.

  • How this luxury brand copes with Russia, China woes   Thursday, 26 Feb 2015 | 10:45 PM ET
    How this luxury brand copes with Russia, China woes

    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...

  • JC Penney misses Street estimate; stock drops 9% Thursday, 26 Feb 2015 | 4:53 PM ET
    J.C. Penney store is viewed at the Gateway Center Mall in Brooklyn.

    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 warns of ports impact for 2015 Thursday, 26 Feb 2015 | 4:01 PM ET
    GAP store

    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.