Ascena Retail Group, noting soft performances at its Dress Barn and Justice divisions, reported $24.4 million in net income for its fiscal third quarter ended April, compared to last year's $33.2 million.
The FTSE 100 in London was flat as the U.K.’s service sector saw a slowdown in growth in May.
Government and Trade
TPP will level playing field for U.S. apparel, textile, footwear exports, U.S. report says.
Mergers and Acquisitions
KSGB has has acquired One-Distribution.
A shareholders seeking class-action status has filed a lawsuit against Sears Holdings and Edward Lampert over the proposed REIT transaction.
Forecasts and Analysis
When it comes to retail opportunities in emerging markets, Asia is tops and China is its crown jewel.
Marketing and Promotion
The growing bevy of beauty apps offers everything from online scheduling for an at-home blowout to determining if a brand tests on animals.
Stornant, 49, is a 19-year veteran of Wolverine, most recently serving as vice president of corporate finance.
Industry experts are impressed by the technology but question what it will need to produce "must-have" clothing.
The Italian luxury group has signed a joint venture with a local partner.
Brands have submitted bids for a five-story retail spot inside the landmark Galleria Vittorio Emanuele II.