Latest in Financial
What Poshmark’s $1.2 Billion Buyout Says About Fashion Dealmaking
The company's short stint on Wall Street shows just how quickly fashion fell out of favor after last year's…
Poshmark Going Private in $1.2 Billion Deal With South Korea’s Naver
The social selling platform was the first in a wave of fashion IPOs last year.
Tapestry CEO Joanne Crevoiserat’s Pay Revealed
The parent company to Coach, Kate Spade and Stuart Weitzman revealed executive compensation in its annual…
The Dire Message in Nike and VF’s Warnings
If Nike and VF are struggling into the fall, there are a host of others about to feel the pinch.
Manolo Blahnik Group Swings to Profit, Notches Record Sales in 2021
The luxury footwear and accessories brand made significant gains despite lockdown-related closures in its key…
Nike Stock Hit as Margins Weaken, Inventory Builds and China Declines
The active leader touted its brand strength, but investors zeroed in on concerns that flow out of the…
H&M Launches Cost-cutting Drive After Q3 Profit Hit
Weak sales in many of its major markets also impacted the retailer in the three months to Aug. 31.
VF Warns on ’23, Sets Five-year Plan, Plots Supreme Expansion
The active giant, which cut its outlook for this year, is resetting at Vans and going into growth mode at…
Burberry Shares Surge After Daniel Lee Named Chief Creative Officer
The financial markets, luxury and retail analysts, gave CEO Jonathan Akeroyd's first big hire a thumb's up on…
Target Plans to Hire 100,000 Workers for Holidays — the Same Number as Last Year
The news comes just one day after competitor Walmart said it would hire less than half of the previous year's…
Walmart Plans to Hire Just 40,000 Workers This Holiday
In better days last year, the mega retailer looked to bring 150,000 employees on board.
Ralph Lauren Accelerates, Sets Strategic Plan to Build on ‘Fortress Foundation’
Ralph Lauren rang the opening bell at the New York Stock Exchange on Monday, celebrating 25 years as a public…
Off the Rails, Retail’s Other Second-half Risk
With a tentative deal between railways and their unions, retailers can turn back to wondering just what…
Kanye West and Gap Terminate Partnership
Kanye West, who has grown increasingly frustrated with his partnerships, is trying to walk away from Gap.
Mytheresa Notches Double-digit GMV Gains, Strong Profits in Q4, and Full Fiscal 2022
The online luxury retailer sees itself as "one of the few winners in the clearly consolidating luxury…