Physical stores and the malls that house them are aiming to bring the ease of online shopping to the real world.» Read More
Some of the biggest names in Corporate America, including Coca-Cola Co, General Motors Co, United Technologies Corp and McDonald's Corp all in the past week reported strong results from their China operations.
NEW YORK, April 16- Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped up competition from rival yoga retailers, department stores and hot new brands.
April 16- Gap Inc expects its sales in China to triple in the next three years to $1 billion, making the country its second largest market, the retailer said on Wednesday. "We can push Old Navy deep into China," said Jeff Kirwan, president of Gap Inc's greater China business, speaking at the retailer's investor day, which was webcast.
NEW YORK— Gap Inc. announced Wednesday it plans to more than triple sales in China in three years as it seeks to grab a bigger piece of the overall $1.4 trillion global clothing market.
April 16- Gap Inc expects its sales in China to hit $1 billion in three years and become its second largest market, the retailer said on Wednesday at its analyst day. Last year, Gap opened 34 namesake stores in China, bringing its total there to 81. The retailer will open another 30 this year. The company recently opened its first Old Navy stores in China.
*Less money for safety work demanded after Rana Plaza. DHAKA, April 14- Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money for safety improvements urged by apparel chains after last year's Rana Plaza disaster.
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. JPMorgan Chase& Co., down $2.10 to $55.30. The Gap Inc., down 89 cents to $38.40.
Same-store sales fell 6 percent in March for Gap. CNBC's Courtney Reagan provides insight on the stumble for the retailer, and what Macy's Lundgren said about the industry.
A number of brands have turned the tables, first developing their virtual presence, and later moving into the physical space.
*JPMorgan falls, Wells Fargo gains after results. NEW YORK, April 11- U.S. stocks were little changed on Friday, as biotech stocks staged a rebound from a selloff in the prior session, but disappointing earnings from JPMorgan curbed gains.
Retailer Gap Inc said same-store sales in the most recent period fell 6 percent, with the biggest declines at its namesake chain and at Old Navy.
Companies making headlines Friday.
Weaker earnings at JPMorgan Chase dragged bank stocks lower. Stocks fell from the open on news that JPMorgan had missed analysts' earnings estimates. Facebook fell 1.1 percent, after a 5 percent drop on Thursday.
*JPMorgan falls, Wells Fargo flat after results. NEW YORK, April 11- U.S. stocks were set for a lower open on Friday after earnings from JP Morgan Chase, putting the S&P 500 on track to continue its selloff after suffering its biggest drop in two months.
*JPMorgan falls after results, Wells Fargo due. NEW YORK, April 11- U.S. stock index futures fell on Friday after earnings from JP Morgan Chase, putting the S&P 500 on track to continue its decline after suffering its biggest drop in two months.
PARIS/ BERLIN, April 11- Japanese casual wear chain Uniqlo opens its first store in Germany on Friday, as it accelerates expansion in Europe in a bid by its parent company Fast Retailing Co Ltd to become the world's top fashion retailer by 2020.. "We have big goals in Europe- we would like to have the same business in Europe as in the U.S."
SAN FRANCISCO— Gap Inc. said Thursday that a key sales measure fell more in March than the market had expected, partly because of bad winter weather. Shares of the San Francisco- based company, which owns the Gap, Banana Republic and Old Navy brands, fell nearly 3 percent in after-hours trading following the announcement.
A change in the executive suite at Zynga is among the headlines after the bell Thursday.
April 10- Family Dollar Stores Inc, seeking to reverse declining sales and profit, said on Thursday it is slashing prices to win shoppers, cutting jobs, and shutting hundreds of stores. Family Dollar Chief Executive Howard Levine, on a call with investors, pointed to "a more financially constrained consumer," echoing recent comments from rivals.
*Gap Inc and American Apparel are yet to report same-store sales.