Friday, November 08, 2019

Gap says still planning Old Navy spin-off as CEO departs

(Reuters) - Gap Inc (GPS.N) said on Friday it was sticking with plans to spin off its Old Navy brand into a separate company, as Wall Street analysts questioned its commitment to the project following the surprise exit of Chief Executive Officer Art Peck.

Thursday, November 07, 2019

Gap Inc. Chief Executive Art Peck Exits

Robert J. Fisher, Gap Inc.'s non-executive chairman of the board, will replace Peck as interim CEO and president.

Wednesday, November 06, 2019

Will Barneys’ Liquidation Sales Impact Rival Retailers This Holiday Season?

As Barneys New York ushers in a new chapter with Authentic Brands Group’s acquisition of its intellectual property, the chain’s department stores have already begun the process of offloading its luxury goods at a discount.

Tuesday, November 05, 2019

Despite resale’s unprofitability, investors aren’t deterred

Resale company The RealReal has yet to turn a profit — but for investors, the company and the resale market as a whole are still promising.

Tuesday, November 05, 2019

The RealReal’s 55% sales spike shows promise, challenges of resale

The RealReal is gaining traction and seeing growth as shoppers increasingly prioritise sustainability when making fashion choices, blunting the stigma of buying secondhand goods. But even as the company inks new brand partnerships and attracts new customers, profitability remains out of reach.

Tuesday, November 05, 2019

Tapestry holds steady amid department store woes

Tapestry on Tuesday reported that first quarter net sales fell 2% to $1.36 billion. By brand, Coach net sales rose 1% year over year to $966 million, gaining some 100 basis points through global e-commerce; Kate Spade net sales fell 6% to $306 million; and Stuart Weitzman net sales fell 9% to $87 million.

Tuesday, November 05, 2019

Coach powers Tapestry profit beat, tariffs to weigh on Kate Spade brand

(Reuters) - Tapestry Inc (TPR.N) reported quarterly profit above market expectations on Tuesday, but warned of weakness at its Kate Spade business due to tariffs on apparel and jewelry imported from China.

Tuesday, November 05, 2019

Facing Federal Probes, Under Armour Needs to Fix its Footwear Business—and Fast

Trouble is mounting at Under Armour. 

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The Baltimore-based maker of athletic footwear, apparel and equipment is facing a federal accounting probe though sluggish sales—which forced the firm to lower its FY 2019 revenue guidance—could be an even bigger concern.

Thursday, October 31, 2019

Wayfair's net loss widens nearly 80%

Wayfair on Thursday announced third quarter direct retail net revenue, which includes sales from the company's sites, increased 35.9%, or $607.2 million, to $2.3 billion. 

Thursday, October 31, 2019

Barneys Inches Closer To Liquidation As Bankruptcy Court Approves Authentic Brands Bid

Bye bye, Barneys. At least as we now know it.

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A bankruptcy court judge today approved a $271 million bid from Authentic Brands for Barneys’ intellectual property. The licensing company—which owns Aéropostale, Juicy Couture, Nine West and, after its purchase in May, Sports Illustrated—emerged as the leading bidder last week.