The business is cutting about 80 positions in the first quarter.
Despite slumping sales and impatient investors, Gap executives say the $6.8 billion business is poised for revival through a major overhaul.
A brief look at some of the day’s stories.
Few things are as anticipated in fashion circles on these muggy July days than the Council of Fashion Designers of America meeting next Monday.
Denim brands at Bread & Butter Barcelona reined in the over-the-top looks, going with slim, clean styles and dark washes.
L’Oreal’s second-quarter 2006 sales rose 6 percent, to 3.84 billion euros, or $4.78 billion at average exchange, year-on-year.
With quotas filling up more slowly than expected, Chinese apparel and textile imports grew 1.9 percent in May to 1.5 billion SME, worth $1.9 billion.
Dorothea Towles Church, who paved the way for women of color to model, died Friday at the age of 83.