GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
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News & Analysis
Gap Raises Fourth-Quarter Earnings Outlook on Better Sales
By division, Gap's namesake stores saw the key measure unchanged, while Old Navy enjoyed a 5 percent gain. Banana Republic posted a 3 percent decline.
Gap Raises Fourth-Quarter Earnings Outlook on Better Sales
By division, Gap's namesake stores saw the key measure unchanged, while Old Navy enjoyed a 5 percent gain. Banana Republic posted a 3 percent decline.
Financial Markets
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
Retail
Target Cuts Forecast as Holiday Pain Spreads to Discounters
Target chief executive officer Brian Cornell said digital sales rose 40 percent in December but that traffic and sales trends at its stores were “disappointing.”
Target Cuts Forecast as Holiday Pain Spreads to Discounters
Target chief executive officer Brian Cornell said digital sales rose 40 percent in December but that traffic and sales trends at its stores were “disappointing.”
Financial Markets
Hugo Boss Jumps as Clothier’s Profit Guidance Brings Relief
Full-year operating profit will be nearer 17 percent than 23 percent, a range set by the company in August.
Hugo Boss Jumps as Clothier’s Profit Guidance Brings Relief
Full-year operating profit will be nearer 17 percent than 23 percent, a range set by the company in August.
Retail
Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast
The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.
Saks Fifth Avenue Owner HBC Plummets After Cutting Forecast
The company now expects sales of C$14.4 billion ($10.9 billion) to C$14.6 billion this fiscal year.
Retail
Macy's to Cut More Than 10,000 Jobs and Close 68 Stores
Overall, Macy's said, the job reductions represent about 7 percent of its workforce.
Macy's to Cut More Than 10,000 Jobs and Close 68 Stores
Overall, Macy's said, the job reductions represent about 7 percent of its workforce.
Retail
Next Lowers Profit Forecast and Warns of Difficult Year Ahead
Next forecast pretax profit for the following fiscal year in a range of £680 million to £780 million, below estimates of about £784 million.
Next Lowers Profit Forecast and Warns of Difficult Year Ahead
Next forecast pretax profit for the following fiscal year in a range of £680 million to £780 million, below estimates of about £784 million.
News & Analysis
Zalando Raises Full-Year Forecast After Third-Quarter Profit
Zalando said the operating margin should be 5 percent to 6 percent in 2016 in a statement.
Zalando Raises Full-Year Forecast After Third-Quarter Profit
Zalando said the operating margin should be 5 percent to 6 percent in 2016 in a statement.
Financial Markets
Lululemon 2Q Net Income Rises but Revenue Misses Estimates
Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.
Lululemon 2Q Net Income Rises but Revenue Misses Estimates
Shares of Lululemon slipped in after-hours trading after the "athleisure" apparel maker's revenue missed Wall Street estimates in the second quarter.
Retail
Target Cuts Outlook as it Sees Fewer Customers in Stores
Target cut its profit forecast and a key sales outlook as it saw fewer customers in its stores, acknowledging it didn't push the second part of its 'Expect More, Pay Less' slogan.
Target Cuts Outlook as it Sees Fewer Customers in Stores
Target cut its profit forecast and a key sales outlook as it saw fewer customers in its stores, acknowledging it didn't push the second part of its 'Expect More, Pay Less' slogan.
Financial Markets
Michael Kors Provides Cautious Forecast After First-Quarter Beat
Michael Kors provided a cautious forecast for earnings and sales this year, reflecting a turbulent market for luxury goods.
Michael Kors Provides Cautious Forecast After First-Quarter Beat
Michael Kors provided a cautious forecast for earnings and sales this year, reflecting a turbulent market for luxury goods.
Financial Markets
China's JD.com Revenue Meets Expectations as Slowdown Continues
JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.
China's JD.com Revenue Meets Expectations as Slowdown Continues
JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.
The News in Brief
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.
Activist Investor Takes New Stake in Bath & Body Works
The activist investor is recommending the personal-care and fragrance store chain to explore a sale, claiming it has been undervalued and hampered by unstable management.
Arnault Drops Out of World’s Top 10 Richest as US Tech Dominates
The LVMH chairman’s net worth fell to $143 billion on Thursday, pulling him beneath Warren Buffett, Bloomberg reported.