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Financial

PacSun Hires Controller After CFO Departure

The company said today in a filing with the Securities and Exchange Commission it hired a full-time controller, who joins the company Aug. 8.

Gap Inc.'s comp sales fell across the board in May, but rose in June.

Wall Street Warming Up to Gap Inc.

Wall Street is feeling more positive about the Gap as Wolfe Research upgrades the stock and funds increase their positions.

Aeropostale

Aéropostale and Sycamore Partners Headed to Trial Aug. 15

Aéropostale is trying to prevent Sycamore from taking over the company through credit bidding.

Aeropostale

No Reorg for Aéropostale, but Battle With Sycamore Looms Again

Aéropostale said a “reorganization on a stand-alone basis is not feasible.”

Masterpass contactless payments in physical retail.

Mastercard Brings Masterpass to Physical Retail

This makes the Masterpass digital payment service available online, in mobile applications and in physical retail.

Aeropostale

Aéropostale Posts Wider Q1 Loss

The company has until Aug. 26 to conclude a sale or reorganize its operations.

True Fit Secures $25M in Series B Round

The aggregate raised is $40 million.

Chico's store

Glass Lewis Also Favors Chico’s Proxy Slate

The two leading proxy advisory firms have recommended voting the Chico’s slate of board nominees.

The memorial to the shooting victims in the window of the Neiman Marcus store in downtown Dallas.

Downtown Dallas Stores Reopen, but City Remains on Edge After Shooting

Neiman Marcus reopened its downtown flagship but put memorials for the shooting victims in the windows there and at its NorthPark store.