Financial

Shoppers wait in line Costco South San Francisco

Financial

Consumer Confidence Stabilizes in May After Sharp Fall

The Conference Board’s reading of sentiment, however, also indicated a tough road ahead.

clock May 26, 2020Evan Clark

The logo for Macy's appears above posts on the floor of the New York Stock Exchange, . Macy's rose 2.9 percent after the department store giant said it will cut 2,000 corporate jobs and close 125 of its least productive storesFinancial Markets Wall Street Macy's, New York, USA - 05 Feb 2020

Financial

Macy’s Refinancing Coming Into Focus

The company will sell bonds backed by stores and shift its inventory to a new subsidiary.

clock May 26, 2020Evan Clark

A man buys a copy of Paris Match news magazine, in a Paris newsstand, with a photo of Valerie Trierweiler on the cover and the lead "My life with Francois". Former French first lady Valerie Trierweiler's book "Merci pour ce moment" (Thanks for this moment) relates her life at the presidential palace and will go on sale ThursdayFrance President Sex Life, Paris, France

Financial

Groupe Arnault Takes Stake in Lagardère

The media company, focused on books and travel retail, had been fending off an activist investor.

clock May 25, 2020Miles Socha

Asics' MetaRide running shoe.

Financial

Asics Profits Fall Sharply in First Quarter

Online sales increased but overall results were down sharply due to the coronavirus.

clock May 22, 2020Jean E. Palmieri

Alibaba founder Jack Ma dressed in a cheongsam in 2019 Ali Day

Financial

Alibaba Expects Growth to Decelerate in Fiscal Year 2021

It aims to achieve more than 650 billion renminbi in revenue this year, indicating the speed of growth will slow down from 35 to 27.5 percent.

clock May 22, 2020Tianwei Zhang

Backstage at Burberry RTW Fall 2020

Financial

Burberry Sales, Profits Slide in Fiscal 2019-20, and Q1 Will Be Tough

Sales fell 3.2 percent in the year while operating profit was down 57 percent due to the COVID-19 crisis.

clock May 22, 2020Samantha Conti

loft store

Financial

Fashion’s Cash Crunch Lingers

Moody’s said fashion retail earnings in 2021 could still be 35 percent below 2019 levels.

clock May 21, 2020Evan Clark

TJ Maxx logo on a store

Financial

TJX Preparing for Better Days

The off-pricer’s first-quarter sales were cut in half, but conditions are ripe for the retailer to gain ground.

clock May 21, 2020Evan Clark

Jeff Gennette

Financial

Beyond Macy’s 45 Percent Sales Drop

Despite the massive hit, ceo Jeff Gennette said there is a $10 billion opportunity opening up as competitors slip.

clock May 21, 2020Evan Clark

woman walks closed JC Penney mask coronavirusl

Financial

Unemployment Rush Continues With 2.4 Million Jobless Claims

The economic ramifications of joblessness will linger for retail and fashion.

clock May 21, 2020Evan Clark

Items are displayed at an Abercrombie and Fitch retail outlet in New York. Abercrombie and Fitch reports earnings on Friday, June 1Earns Abercrombie and Fitch, New York, USA - 24 May 2018

Financial

Abercrombie & Fitch Declines to Give Business Update at Investor Meeting

Even with stores reopening in at least 17 states, the company did not address the impact of the coronavirus.

clock May 20, 2020Kali Hays

Target

Financial

Target’s Digital Sales Surge During the Coronavirus Pandemic

But the sudden surge in e-commerce proves to be expensive.

clock May 20, 2020Kellie Ell

Marks and Spencer

Financial

Marks & Spencer Chief Looks to Seize the Moment, Learn From COVID-19

M&S may have seen sales and profits fall in fiscal 2019-20, but the ceo said the business is learning valuable lessons and has already been running a tighter operation since lockdown.

clock May 20, 2020Samantha Conti

shopper in mask at mall coronavirus signrecautions in place as Phase 1 of retail reopening begins in Broward and Dade County amid the Coronavirus outbreakCoronavirus outbreak business reopening, Sunrise, Florida, USA - 18 May 2020

Financial

The Long Road Back for Retail

Updates from Walmart, Kohl’s, Gap and Urban Outfitters show just how far fashion still has to go to come back from the COVID-19 crisis.

clock May 20, 2020Evan Clark and Sindhu Sundar

The Urban Outfitters Paris store.

Financial

Urban Outfitters Loses $138 Million in First Quarter

Revenues fall across all three major brands with stores closed during the pandemic.

clock May 19, 2020Kellie Ell

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Business

Daniel Grieder Steps Down as CEO, Tommy Hilfiger Global and PVH Europe

clock 8hLisa Lockwood

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