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The News In Brief

Sports

Nike Hires Walmart Veteran Ewing as Chief Commercial Officer

Jane Ewing, who was most recently interim chief executive officer for Sam’s Club in China, will join Nike on Sept. 7.

Sports

Nike Hires Walmart Veteran Ewing as Chief Commercial Officer

Jane Ewing, who was most recently interim chief executive officer for Sam’s Club in China, will join Nike on Sept. 7.


Retail

Gap Replaces Old Navy CEO After Bigger-Than-Expected Sales Drop

Former Target and Walmart veteran Michael Francis, known in the industry as a marketing guru, will succeed current Old Navy CEO Horacio Barbeito on Nov. 2.

Retail

Gap Replaces Old Navy CEO After Bigger-Than-Expected Sales Drop

Former Target and Walmart veteran Michael Francis, known in the industry as a marketing guru, will succeed current Old Navy CEO Horacio Barbeito on Nov. 2.


Retail

Inditex’s Primark Competitor Lefties Lands in the UK

The low-cost clothing brand opened its first UK store in Liverpool on Thursday, with shops in Newcastle and Essex due to follow later this year.

Retail

Inditex’s Primark Competitor Lefties Lands in the UK

The low-cost clothing brand opened its first UK store in Liverpool on Thursday, with shops in Newcastle and Essex due to follow later this year.


Luxury

David Pemsel to Step Down as British Fashion Council Chairman

The UK fashion trade body has yet to name a successor.

Luxury

David Pemsel to Step Down as British Fashion Council Chairman

The UK fashion trade body has yet to name a successor.


Technology

Samsung Ordered to Pay Swatch $11.6 Million Over Copied Smartwatch Apps

The Swiss watchmaker initially sought about $170 million from the Korean technology giant for failing to prevent apps that mimicked its luxury brands on its smartwatch displays.

Technology

Samsung Ordered to Pay Swatch $11.6 Million Over Copied Smartwatch Apps

The Swiss watchmaker initially sought about $170 million from the Korean technology giant for failing to prevent apps that mimicked its luxury brands on its smartwatch displays.


Retail

Kohl’s Turnaround Stalls as Sales Growth Stagnates

Kohl’s turnaround attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year.

Retail

Kohl’s Turnaround Stalls as Sales Growth Stagnates

Kohl’s turnaround attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year.


Retail

Abercrombie Sees Record Shares Jump After Guidance Lift

Abercrombie & Fitch Co. shares rallied after revenue topped estimates and the retailer raised its annual earnings guidance, suggesting the preppy apparel company is regaining momentum.

Retail

Abercrombie Sees Record Shares Jump After Guidance Lift

Abercrombie & Fitch Co. shares rallied after revenue topped estimates and the retailer raised its annual earnings guidance, suggesting the preppy apparel company is regaining momentum.


Luxury

Dolce & Gabbana Seeks to Raise Cash in Exchange for Debt Waiver

Dolce & Gabbana is seeking to raise cash using transactions outside the Italian fashion house’s day-to-day business after banks agreed to waive terms governing its debt as demand for luxury goods stays weak.

Luxury

Dolce & Gabbana Seeks to Raise Cash in Exchange for Debt Waiver

Dolce & Gabbana is seeking to raise cash using transactions outside the Italian fashion house’s day-to-day business after banks agreed to waive terms governing its debt as demand for luxury goods stays weak.


Beauty

Mexican Makeup Label Sarelly Raises $3 Million

The funding will be used to power the brand’s expansion into the US, including a nationwide rollout in Target’s Beauty Studio.

Beauty

Mexican Makeup Label Sarelly Raises $3 Million

The funding will be used to power the brand’s expansion into the US, including a nationwide rollout in Target’s Beauty Studio.


Beauty

Bath & Body Works Lifts Annual Profit Forecast on Digital Demand

The US fragrance giant raised its full-year profit forecast and beat estimates for second-quarter results, ​benefiting from demand for its products on digital channels, despite a decline in store traffic.

Beauty

Bath & Body Works Lifts Annual Profit Forecast on Digital Demand

The US fragrance giant raised its full-year profit forecast and beat estimates for second-quarter results, ​benefiting from demand for its products on digital channels, despite a decline in store traffic.


Global Markets

Indian Fashion Retailer Purple Style Labs Plans IPO

The Bollywood star-backed company behind multi-brand retailer Pernia’s Pop-Up Shop will launch its share sale next week as it taps demand for luxury wedding and occasion wear.

Global Markets

Indian Fashion Retailer Purple Style Labs Plans IPO

The Bollywood star-backed company behind multi-brand retailer Pernia’s Pop-Up Shop will launch its share sale next week as it taps demand for luxury wedding and occasion wear.


Beauty

India Investigates Fragrance Giants Over Price Collusion, Document Shows

Global fragrance makers Givaudan, ​Firmenich and International Flavors & Fragrances face a second antitrust investigation by Indian authorities, ‌according to a regulatory document seen by Reuters.

Beauty

India Investigates Fragrance Giants Over Price Collusion, Document Shows

Global fragrance makers Givaudan, ​Firmenich and International Flavors & Fragrances face a second antitrust investigation by Indian authorities, ‌according to a regulatory document seen by Reuters.