Business News

The exterior and entrance of a Guess store.


Retail Apparel Stocks Gain, Sector Fueled by PVH Results

Retail and apparel stocks posted gains for a second day in a row following a slump last week as investors gambled that consumers have a lot of pent-up spending to unleash.


Ascena Sees Net Decline in Quarter

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.


G-III Delivers Robust Q1 Sales and Earnings

G-III Apparel Group Ltd. posted robust sales and earnings for its first quarter, which prompted the company to raise its full-year sales and earnings guidance.

Government and Trade

USTR: TPP to Lower Tariffs on U.S. Exports

TPP will level playing field for U.S. apparel, textile, footwear exports, U.S. report says.

Government and Trade

Survey Shows Positive View of Free Trade, Amid Some Concerns

The results come as the U.S. aims to conclude and implement free trade agreements with a dozen nations around the Pacific Rim and with the European Union.


Brait’s New Buy New Look Posts Big Profit Rise

British budget clothes retailer New Look posted a big jump in full-year profit on Tuesday.

Justin Bieber and Lara Stone for Calvin Klein.

Government and Trade

China Trade Agreement Seen as Boon for Korean Brands

The agreement, signed Monday, will remove tariffs on 90 percent of all products traded between the two countries.


Europe’s Markets Lose Ground

The debt situation in Greece continued to weigh on investors in morning trading on Tuesday.