Fast Retailing is expanding globally, targeting the U.S. and China and potentially acquiring J.Crew, but is the Uniqlo brand owner moving too quickly?» Read More
Jan 28- Teen apparel retailer Abercrombie& Fitch Co said it separated the roles of chairman and chief executive officer and abandoned a plan aimed at blocking hostile buyout bids. The move comes more than a month after shareholder Engaged Capital LLC urged the retailer to replace current Chief Executive Mike Jeffries or sell itself.
TOKYO/ HONG KONG, Jan 27- Japan's Fast Retailing Co Ltd will list in Hong Kong as the operator of the Uniqlo casual clothing chain seeks to raise its Asian profile en route to becoming the world's top apparel retailer by 2020..
CNBC's Courtney Reagan reports upscale retailer Neiman Marcus was the victim of a data breach that could have compromised 1.1 million cards. Hackers installed malware on the stores' payments systems.
Jan 22- American Eagle Outfitters Inc's said its chief executive of two years, Robert Hanson, would leave the company in a surprising move at a time when U.S. teen apparel retailers are struggling to attract shoppers and boost sales.
Teen apparel retailer American Eagle Outfitters Inc said its chief executive of two years, Robert Hanson, would leave the company.
Jan 22- Teen apparel retailer American Eagle Outfitters Inc said its chief executive of two years, Robert Hanson, would leave the company, effective immediately. American Eagle's shares fell 5 percent after the bell. The company named Chairman Jay Schottenstein as interim CEO.
*Expects fourth-qtr net revenue $513 mln- $518 mln, down from $535 mln- $540 mln. *Forecasts earnings of 71- 73 cents/ share, down from 78- 80 cents. Several U.S. apparel retailers including American Eagle Outfitters Inc and Zumiez Inc lowered their forecasts last week as reluctant shoppers forced them to offer steep discounts during the holiday shopping season.
*Raises 2013 earnings/share view to $1.55- $1.65 vs est $1.47. Jan 9- Teen apparel retailer Abercrombie& Fitch Co raised its full-year earnings forecast, citing higher-than-expected sales in the fourth quarter to date.
*Fast Retailing Q1 operating profit up 13 pct at 64 bln yen. TOKYO, Jan 9- Asia's biggest clothing retailer Fast Retailing Co Ltd posted a higher-than-expected first-quarter profit, helped by strong Japan sales at its flagship casual Uniqlo brand which lured thrifty customers with affordable luxury items.
ShopperTrak released its first wide-scale read on the holiday shopping season. CNBC's Courtney Reagan reports the data.
The gifts are all unwrapped. Returns and exchanges have been made. Now it's time to see what really happened during the holiday shopping season.
HONG KONG, Jan 8- Hong Kong shares posted their biggest daily gain in more than seven weeks on Wednesday, with Daphne International leading strong gains for China- focused shoe retailers. The Hang Seng Index ended up 1.3 percent at 22,996.6 points after its biggest one-day rise since Nov. 18.
HONG KONG, Jan 8- Shares of China-focused footwear retailers had strong gains again on Wednesday, helping lift Hong Kong's main benchmark indexes, but mainland Chinese markets slipped close to five-month lows.
*Li& Fung spikes after it says 2013 performance' solid'. HONG KONG, Jan 7- Strength in the shares of exporter Li& Fung and China- focused footwear retailers helped secure a slim gain for Hong Kong's benchmark index early on Tuesday, while mainland Chinese markets moved off five-month lows in muted volumes.
Apparel retailer Men's Wearhouse mounted a hostile bid for rival Jos. A. Bank, days after the smaller rival upped its buyout defenses.
Jan 6- Apparel retailer Men's Wearhouse Inc mounted a hostile bid for rival Jos. A. Bank Clothiers Inc with a raised offer, days after the smaller rival upped its buyout defenses. Men's Wearhouse said it offered to acquire all outstanding shares of Jos.
Davide Vigano, Heapsylon CEO, discusses the quickly evolving market of wearable technology. His product line includes everything from smart socks to a smart bra. CNBC's Jon Fort weighs in.
80 percent of shoppers say they will continue to shop for post-Christmas sales, conversely, $60 billion in returns are expected as the mad rush to return unwanted gifts has begun. CNBC's Julia Boorstin "wraps" up the holiday shopping season.
Jaime Katz, Morningstar equity analyst, explains how the shortened spending season and mobile devices contributed to the online holiday shopping surge. CNBC's Jon Fortt provides insight.
Apparel wasn't the hot gift under Christmas trees this year, but an analyst singled out one retailer as a holiday winner.