Bangladesh Garment Workers Stage Fourth Day of Wage Protests
The unrest has intensified despite the government forming a wage board to review pay levels, with violent clashes shuttering factories and injuring dozens of people.
earnings-report
Financial Markets
Chow Tai Fook Profit Slump Eases as Jeweller Gets Rental Cuts
Chow Tai Fook Jewellery Group Ltd. reported first-half profit fell 22 percent.
Financial Markets
Urban Outfitters Misses Third-Quarter Forecasts
Urban Outfitters Inc. on Tuesday reported fiscal third-quarter earnings of $47.4 million.
Retail
J. Crew’s Net Loss Narrows to $7.9 Million as Writedowns Abate
J. Crew Group Inc. posted a narrower third-quarter loss as the preppy-apparel chain moved past writedowns that dramatically reduced its value.
Financial Markets
Abercrombie & Fitch Quarterly Sales Miss Estimates, Shares Skid
Abercrombie's net sales fell 6.5 percent to $821.73 million, down for the 15th straight quarter.
Financial Markets
Gap Underwhelms Investors With In-Line Third-Quarter Earnings
The company will close all eight Banana Republic stores in the country as well.
Financial Markets
Gap's Third-Quarter Profit Drops Nearly 18 Percent
The brand earned $204 million in the three-month period that ended Oct. 29, compared with $248 million a year earlier.
Financial Markets
Victoria's Secret Owner L Brands Tops Third Quarter Profit Forecasts
L Brands Inc. on Wednesday reported fiscal third-quarter earnings of $121.6 million.
Financial Markets
Michael Kors Holdings Tops Second-Quarter Profit Forecasts
Michael Kors Holdings Ltd. on Thursday reported fiscal second-quarter profit of $160.9 million.
Financial Markets
Nordstrom Reports Third-Quarter Loss
Nordstrom Inc. on Thursday reported a fiscal third-quarter loss of $10 million.
Financial Markets
Macy's Raises Outlook for the Year as Trends Improve
Macy's faces challenges heading into the holiday season, the most important time of the year for retailers.
Financial Markets
Ralph Lauren Tops Second-Quarter Profit Forecasts
Ralph Lauren Corp. on Thursday reported fiscal second-quarter profit of $45 million.
Financial Markets
Puma Raises Outlook as Rihanna, Celebrity Tie-Ups Help Sales
Puma raised its earnings outlook after reporting profit that topped analysts’ estimates, helped by street shoes promoted by pop-star Rihanna and British model Cara Delevingne.
The News in Brief
Retail Still a Weak Spot as Reliance Profits Beat Expectations
The Indian oil-to-telecom giant saw its market value jump by a record $19 billion as earnings surged, but its retail division continues to lag.
Hugo Boss Cuts Outlook Citing Weak Demand, Higher Costs
The German fashion house, recently taken over by Britain’s Frasers Group, is in the midst of a second turnaround effort under CEO Daniel Grieder.
Diotima’s Rachel Scott, Ralph Lauren Take Home Top Prizes at CFDA Awards
Colleen Allen won the emerging designer of the year award; Tory Burch, Linda Fargo and more take home honours.
Ye Announces ‘Yeezy Season 01’ Runway Show in Los Angeles
The show will unveil the brand’s first-ever flagship store and mark Ye’s first full-scale runway presentation in four years.
Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
Lagos Fashion Week Continues to Flex its Pan-African Muscle
The buzzy Nigerian fashion event has attracted a cohort from across the continent, with designers from South Africa, Uganda and Morocco presenting their collections in the Nigerian city.
Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.