Fitch said it’s become dramatically more expensive to insure Gap’s debt from default.
Government and Trade
Overall apparel and textile imports to the U.S. from the world increased 13.3 percent in August compared with a year earlier.
Mergers and Acquisitions
The Italian group will appoint a new creative director to design the first collection debuting next fall.
A Los Angeles-area manufacturer is seeking more than $55,000 in an outstanding bill it says it is owed by the retailer.
Forecasts and Analysis
While the majority of consumers plan to keep their holiday spending at the same level as a year ago, a higher percentage plan to spend more this year.
Marketing and Promotion
The French group has been confirmed as the industry leader in textiles, apparel and luxury goods.
The appointment is effective Oct. 5.
Retailers are spending big money on mobile shopping sites, but the shopping is slow to follow.
Francesco Trapani and Renato Semerari said the focus is on product and international distribution
Ten Hudson Yards is 85 percent committed, according to the developers.