Apparel Retail


  • *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.

  • Nov 18- Apparel retailer Perry Ellis International Inc's shareholders, Legion Partners LLC and the California State Teachers' Retirement System, have urged the company to explore strategic alternatives. Legion Partners said it released the letter, sent on Oct. 16, as the Perry Ellis board refused to form a special committee. Doral, Florida- based Perry Ellis...

  • UA vs. NKE: Which has better growth story?  Tuesday, 18 Nov 2014 | 5:33 PM ET

    Corinna Freedman, BB&T senior analyst, explains why she has a buy rating on Under Armour versus a hold rating on Nike.

  • Nov 18- Apparel retailer Perry Ellis international Inc's shareholders, Legion Partners LLC and the California State Teachers' Retirement System, have asked the company to explore strategic alternatives.

  • Design it, 3-D print it, put it on your body Tuesday, 18 Nov 2014 | 1:29 PM ET
    Dita Von Teese models Bitonti’s 3D printed dress with over 12,000 Swarovski crystals and  3,000 moving parts specifically designed for her.

    Architect-turned-designer Francis Bitonti wants to find out what happens when cutting-edge technology meets fashion.

  • Kohl's profit and revenue fall short of estimates Thursday, 13 Nov 2014 | 7:11 AM ET
    A woman shops at a Kohl's department store on Thursday in Alhambra, Calif.

    Kohl's third quarter earnings and revenue fell short of analyst expectations on Thursday.

  • Why Cyber Monday may soon be a thing of the past Thursday, 13 Nov 2014 | 5:52 AM ET
    Ad on Macys.com

    Shoppers beware: The massive discounts and promotions after Thanksgiving and Christmas may soon be history, according to a retail report.

  • JC Penney revenue misses expectations Wednesday, 12 Nov 2014 | 4:05 PM ET
    File photo: A customer shopping for apparel at a J.C. Penney Co. store inside the Glendale Galleria shopping center in Glendale, California,

    J.C. Penney's third-quarter sales fell shy of analyst estimates on Wednesday.

  • Macy's revenue misses; retailer lowers guidance Wednesday, 12 Nov 2014 | 12:14 PM ET
    A customer carries a shopping bag while walking through the Macy's Inc. flagship store in New York.

    Same-store sales, a key metric in the retail business, fell 1.4 percent. Analysts polled by Consensus Metrix had forecast same-store sales would rise.

  • US department store pulls offensive holiday decor Tuesday, 11 Nov 2014 | 8:01 PM ET
    Dillard's department store.

    A Florida Dillards faced backlash after placing an inapporpriate holiday decoration sign in its children's department.

  • Wanted in global markets: The 'Made in USA' label Monday, 10 Nov 2014 | 1:09 PM ET

    A "Made in the USA" label is desirable in global markets, and start-up Maker's Row is helping more entrepreneurs find domestic manufacturing options.

  • How to play the holidays  Monday, 10 Nov 2014 | 10:24 AM ET

    Discussing retail sales expectations ahead of the holiday season, with CNBC retail analyst Stacey Widlitz.

  • Nov 7- Abercrombie& Fitch Co estimated quarterly profit and sales below analysts' expectations as fewer visitors to malls hurt traffic to its stores, at a time the company is struggling to shed its image of being a logo-centric apparel retailer. Shares of the company, which sells teen apparel under brands such as Abercrombie& Fitch and Hollister, fell as much as...

  • BUDAPEST/ WARSAW, Nov 5- The global financial crisis hit hard in central and eastern Europe, but one industry has thrived: second-hand clothing stores. Second-hand clothes retailers in Hungary, Poland, Bulgaria and Croatia have grown rapidly and, as the pace of income convergence between the West and Eastern Europe slows, they are investing millions of euros to...

  • Michael Kors holiday-quarter forecast disappoints Tuesday, 4 Nov 2014 | 11:06 AM ET
    A shopper looks at Michael Kors handbags at Macy's flagship store in New York.

    Michael Kors forecast sales and profit for the holiday season largely below analysts' estimates, sending its shares lower in premarket trading.

  • Music and retail: Shop (and dance?) 'til you drop Saturday, 1 Nov 2014 | 8:15 AM ET

    The music inside stores can have an impact on how long we stay in a store and how much we buy. "The Sonic Boom" author Joel Beckerman explains.

  • LONDON, Oct 29- Britain's No.2 clothing retailer Next Plc cut its profit guidance after an unusually warm autumn left its coats, scarves and jumpers stuck on shop shelves, sending an ominous sign to rivals ahead of the Christmas season. Shares in Next fell as much as 4.4 percent, dragging down rivals Marks& Spencer and Debenhams as the company spelt out the impact on...