Tag: Apparel Retail
Gap GPS Q1 earnings report 2023
The Gap logo is displayed at a Gap store on April 25, 2023 in Los Angeles, California.Mario Tama | Getty ImagesGap reported another quarter of net los [...]
Abercrombie & Fitch ANF Q1 earnings report 2023
Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco.David Paul Morris | Bloomberg | Getty ImagesShares of Abercrombie & [...]
Companies face margin pressure due to promotions
Shoppers are at the Citadel Outlets in Los Angeles.Jonathan Alcorn | ReutersAffordability is the number one concern for consumers globally, new data r [...]
ThredUp to list on alternative stock exchange LTSE
ThredUp, the clothing-consignment company, announced Tuesday that it's dual listing its stock on the Long Term Stock Exchange, or LTSE, a national sec [...]
Gap to lay off 1,800 workers
Gap will lay off about 1,800 employees, more than three times as many as the 500 layoffs it announced in September, as part of a broad effort to cut c [...]
Walmart sells plus-size clothing brand Eloquii to FullBeauty Brands
Fashions featured on Eloquii Source: EloquiiWalmart is selling online apparel brand Eloquii to FullBeauty Brands, marking the retailer's third divesti [...]
Lululemon explores sale of Mirror to Hydrow
A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022.Mike Blake | ReutersLululemon is looking to sell its at-home [...]
Audemars Piguet CEO says luxury watch demand shows no sign of fading
The luxury watch market is well-positioned to avoid a crash as tight supply and a new generation of young collectors drive demand, according to the CE [...]
Lululemon shares jump as holiday-quarter sales surge
A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022.Mike Blake | ReutersLululemon on Tuesday reported strong holi [...]
Millennials plan to spend more online this year, new survey finds
People walk by empty retail space in lower Manhattan on April 17, 2017 in New York City. Spencer Platt | Getty ImagesMillennials have big plans for th [...]
Depop, Poshmark secondhand resale gets cutthroat
The Depop application on a smartphone arranged on Wednesday, June 2, 2021.Gabby Jones | Bloomberg | Getty ImagesSix months after launching his secondh [...]
Nike (NKE) Q3 earnings 2023
Nike easily beat Wall Street's estimates for its holiday quarter earnings and revenue, although its bloated inventory continued to weigh on its margin [...]
Foot Locker touts renewed Nike relationship, posts earnings
Foot Locker CEO Mary Dillon on Monday touted a "renewed" and revitalized relationship with Nike, including an emphasis on what she called "sneaker cul [...]
Adidas warns of first annual loss in three decades and cuts dividend after Ye split
"The numbers speak for themselves. We are currently not performing the way we should", Adidas CEO Bjørn Gulden said in a press release.Jeremy Moeller [...]
North Face owner VF Corp. falls 10% after guidance cut, CEO steps down
Igor Goloniov | Sopa Images | Getty ImagesVF Corporation, owner of The North Face and Timberland, on Monday lowered its revenue and earnings expectati [...]