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...» Read More
What impact will New York Fashion Week have on the industry's stocks? We look at the best and worst performers over the past year.
Thomas, 61, was Wet Seal's CEO from 2007 to 2011 and the company's chief operating officer from 1992 to 2000. He was most recently a partner at private investment firm KarpReilly LLC and is on the board of women's apparel retailer New York& Co Inc.
Sept 3- Struggling apparel retailer Wet Seal Inc brought back former Chief Executive Edmond Thomas at the helm to replace John Goodman amid mounting losses and declining same-store sales.
Jennifer Hyman, Rent the Runway CEO, discusses the company's rental platform that is now testing a Netflix style unlimited service for accessories and handbags.
Oklahoma City Thunder's Kevin Durant signed a major new shoe deal with Nike, rejecting an offer from Under Armour.
Italy's Luxottica overhauled its top management structure on Monday after Chief Executive Andrea Guerra left due to rifts with Chairman Leonardo Del Vecchio.
Julie Sygiel, the founder and CEO of underwear start-up Dear Kate, didn't expect the backlash over her latest ad campaign.
Eric Beder, Wunderlich Securities analyst, discusses teen retail trends and the sales results of Abercrombie & Fitch.
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.
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.