Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.
Gap Misses First-Quarter Same-Store Sales Estimates
Comparable sales rose 1 percent, while analysts were expecting a 1.67 percent uptick.
LVMH Leads $60 Million Lyst Injection
Fashion platform Lyst has forged a strategic partnership with the world’s largest luxury conglomerate as the e-commerce market heats up.
Ralph Lauren Reports Quarterly Profit
The New York-based company posted a quarterly profit compared with a loss a year earlier.
Urban Outfitters First-Quarter Sales Beat Estimates
Net sales rose 12.4 percent to $855.7 million, beating analysts' average estimate of $838.1 million.
Bargain-Hungry Shoppers Help TJX Beat Sales Estimates
Online shopping has taken a toll on traditional brick-and-mortar stores, but TJX has not seen huge cuts in inventory and store closures.
Alibaba Snaps Up Stake in Ordre
Ordre, a digital platform for wholesaling fashion, has attracted investment from China’s largest e-commerce platform, which plans to put some of the start-up’s technology to use to sell directly to consumers.
Nordstrom Sales Disappoint as Reality of Staying Public Sets In
The department store's comparable sales missed analysts’ estimates in its first quarter earnings.
Walmart E-Commerce Sales Rebound
The company said it is on track to increase US e-commerce sales by 40 percent for the full year, after a sharp slowdown during the crucial holiday quarter.
Macy's Shares Surge After Profit Beats Estimates
First-quarter same-store sales rose 4.2 percent signaling that the company is keeping up in a fiercely competitive retail landscape.
Burberry Seeks Investor Support for CEO's Turnaround Plan
The trench-coat maker — which reported group revenue of £2.73 billion, down 1 percent — plans to buy back £150 million of shares.
Profits Slump at Arcadia
The owner of Topshop has reported a 42 percent slump in full-year profit, blaming intense UK competition.
Pandora Suffers Chinese Revenue Slowdown
The jewellery maker's sales growth in China weakened to 16 percent from 62 percent.
THE NEWS IN BRIEF
Investors Brace for More Volatility With Trump Set to Address Congress
The president’s remarks come at a pivotal point for markets.
Trump FTC Chair Pledges to Keep Aggressive Merger Enforcement
The organisation’s chairman Andrew Ferguson vowed to aggressively block illegal mergers, reaffirming the agency’s commitment to challenging deals that violate antitrust laws, continuing the stance taken during the Biden administration.
True Religion Acquired by Private Equity Firm Acon Investments
The deal, which included participation from American Eagle’s chief executive, will help the denim maker expand globally.
Sneaker Maker Golden Goose Is Said to Kick Off Milan IPO Soon
Luxury sneaker brand Golden Goose SpA plans to kick off an initial public offering in Milan as soon as this week, according to people familiar with the matter, extending a strong rebound in European listings this year.
Europe Luxury Stocks Slide After Richemont Chairman Says Inflation Is Denting Demand
Luxury goods stocks slumped in Europe, wiping out more than $25 billion in market value after Richemont chairman Johann Rupert said inflation is starting to dent demand across the region.
US Inflation Cooling as Consumer Prices Rise Moderately Again
US consumer prices increased moderately in July as higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
Kim Kardashian Hires Wall Street Talent to Bulk Up Buyout Firm
Kim Kardashian’s private equity firm hired a half-dozen financial-industry professionals, including a new chief operating officer who previously worked at alternative investment giant Apollo Global Management Inc.