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The Business of Fashion

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Financial Markets

Weak Victoria's Secret Sales Has L Brands Deeper in the Red

L Brands’ attempts to use promotions to bolster its sales numbers have failed, and have caused the April merchandise margin rate to be “down significantly” versus last year.

Retail

Macy's to Hire 7,000 More Workers on Brisk Seasonal Demand

The company — challenged by the rise of e-commerce and rapidly changing consumer preferences — is betting that a strong performance during the year-end shopping season will help spark a turnaround.

News & Analysis

Victoria's Secret Woes Shift to Panty Business as Holidays Near

The lingerie seller, which has struggled to pull out of a sales slump, just posted its second straight quarter of declines in its panties business.

News & Analysis

Abercrombie & Fitch Draws on Legacy for New Look

After years of declining sales, Abercrombie & Fitch is reinventing its namesake brand, shunning the exclusionary preppy stereotypes that made it a powerhouse of teen clothing.

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News & Analysis

Amazon Is Lifeline for Retail Workers — If They Live in Right City

While the e-commerce giant’s fulfilment centres may be providing employment for ex-retail workers, a concentration of warehouse job growth is clustered around Amazon facilities while retail's losses are more evenly distributed.

Financial Markets

Abercrombie & Fitch Looks to Hollister for Lessons in Tapping Gen-Z

While the struggling mall retailer has been bolstered by good results from teen friendly Hollister, its namesake brand is still working to find its footing. CEO Fran Horowitz outlines the plan for BoF.

Retail

Abercrombie & Fitch Posts First Quarter Loss of $62 Million

The struggling teen retailer reported a loss of nearly $62 million in its first quarter. Earlier this month, it confirmed it was in talks with several parties about a potential deal.

Retail

Hollister Turnaround Finally Paying Off

Abercrombie & Fitch has been remodelling its Hollister stores and hiring top designers and executives to help it keep up with competitors.

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Financial Markets

Abercrombie & Fitch Shares Jump After Earnings Beat Estimates

Abercrombie & Fitch Co. jumped as much as 19 percent in early trading after the teen-clothing chain posted a surprise profit, fueling optimism that it can recover from years of slumping sales.

Financial Markets

Abercrombie Posts Wider Loss as Currency Hampers Turnaround

Abercrombie & Fitch Co. posted a wider first-quarter loss after currency fluctuations hampered attempts to turn around the business.

News & Analysis

Abercrombie CEO Search Pits Operations Chief Against Brand Heads

Abercrombie & Fitch Co., which hasn’t had a CEO in five months, has set up a contest for the job that pits its operations chief against each of its brand presidents.

Beauty

Procter & Gamble Mulls Sale or IPO of Beauty Brands

Procter & Gamble Co is exploring a sale or initial public offering of some of its beauty brands in a single deal.