U.S. stocks climbed on Friday, but closed lower for the week, as investors weighed Wells Fargo results and readied for a slew earnings ahead.» Read More
Marissa Webb will become the Gap-owned brand's creative director and executive vice president of design, effective April 28.
Asian equities were mostly lower on Monday following declines on Wall Street and as tensions between Ukraine and Russia weighed on sentiment.
*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.
U.S. stocks declined sharply for a second session Friday.
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.
*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."
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.
As discounting shows little sign of abating, it's the stores with on-trend merchandise that will emerge as the season's winners.
*Tencent, banks and regulators stand in Alibaba's way. HONG KONG/ BEIJING, April 3- Alibaba, the world's biggest e-commerce company, changed how China shops. Joe Tsai, executive vice chairman of Alibaba Group Holding Ltd, sees an Alibaba future that stretches from banking to education, travel to entertainment.
*First European store to open next week in London. *2014 seen as "investment year," aims to speed growth in Europe, Asia. Chief Executive Laurent Potdevin, most recently president of trendy footwear brand TOMS Shoes, was brought in last year with the expectation he would lead Lululemon's push into Europe and Asia.
Lululemon CEO Laurent Potdevin told CNBC that the activewear company "let down our guest a little" by failing to innovate the product.
March 24- Data storage provider Box Inc aims to raise about $250 million in an initial public offering, becoming the latest contender from a wave of "cloud-based" companies to test the frothy market for technology listings.