Abercrombie & Fitch same-store sales crater
Abercrombie & Fitch on Friday reported a steeper-than-expected drop in quarterly comparable sales, in part because of inventory shortages, and the teen clothing retailer's shares fell...
Retail
Gap first quarter profit rises 43 percent
Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia.
A wave of departures at Marks & Spencer
The retailer has been hit with another wave of departures as head of store environment and executive director of marketing both step down. Jeremy Darroch will also step down from the...
TJ Maxx parent TJX's profit forecast may miss Street estimate
TJX Cos Inc, owner of the low-price T.J. Maxx and Marshalls chains, reported a higher first-quarter profit, and forecast more sales growth in the current quarter.
Target cuts full-year forecast after weak first quarter
Target Corp cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal...
Fab.com’s $300 million fundraiser
The U.S. website for designer furniture and fashion could raise at least $250 million in funds by June, according to the American press.
Saks sees sales rising and speeds up e-commerce launch
Saks Inc reported higher-than-expected first-quarter sales on Tuesday and said it would speed up the launch of an e-commerce site for its outlet chain as it tries to catch rivals.Its...
France’s MenLook buys Oki-Ni.com
MenInvest, the parent company of France’s MenLook, has increased its online retailing presence with the acquisition of British e-retailer Oki-Ni.com, a site that specializes in premium...
Galeries Lafayette Haussmann unveils new lingerie and swimwear section
Galeries Lafayette on Boulevard Haussmann in Paris opened its new lingerie department May 6, a complete makeover that will be celebrated with a party for clients on May 21.
Marks & Spencer posts second straight fall in year profit
British retailer Marks & Spencer posted its lowest annual profit since 2009 on Tuesday as a struggling clothing and homewares division dragged on growth in food sales.
Lower income shoppers still feeling pinched, US retailers say
Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to...
H&M mulling production in South America and Africa
Swedish fashion giant H&M is considering starting production in South America and Africa, chief executive Karl-Johan Persson told the Financial Times in an interview published on Monday.
Marks & Spencer to post second straight fall in year profit
British retailer Marks & Spencer is expected to report its lowest annual profit in four years on Tuesday as a struggling general merchandise division drags on the growth in food sales.
Nordstrom lowers sales forecast as first quarter sales miss
Nordstrom reported lower-than-expected sales and profit for the first quarter, citing weak business in early winter, and lowered its full-year sales forecast, sending shares down 3.9...
Penney CEO says company needs time to climb out of 'abyss'
J.C. Penney Chief Executive Myron Ullman told Wall Street on Thursday that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues...
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