Spandex Maker Lycra Files for Bankruptcy After Years of Stress
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
finance
Financial Markets
US Retail Sales Dipped in Dec on Low Gas Prices
Americans tapered off slightly from shopping toward the end of the holiday season as lower gasoline prices cut into overall retail sales in December.
US Retail Sales Dipped in Dec on Low Gas Prices
Americans tapered off slightly from shopping toward the end of the holiday season as lower gasoline prices cut into overall retail sales in December.
Financial Markets
Slump in Hong Kong, Macau Hits Burberry Christmas Sales
Burberry Group Plc reported Christmas revenue that trailed its own forecast, hurt by a slump in demand in Hong Kong and Macau.
Slump in Hong Kong, Macau Hits Burberry Christmas Sales
Burberry Group Plc reported Christmas revenue that trailed its own forecast, hurt by a slump in demand in Hong Kong and Macau.
Financial Markets
Richemont Christmas Season Sales Drop for First Time Since 2008
Richemont, the maker of Cartier jewellery and IWC Schaffhausen timepieces, reported its first decline in Christmas revenue since 2008 amid weak demand for watches in Asia.
Richemont Christmas Season Sales Drop for First Time Since 2008
Richemont, the maker of Cartier jewellery and IWC Schaffhausen timepieces, reported its first decline in Christmas revenue since 2008 amid weak demand for watches in Asia.
Financial Markets
Quiksilver Said to Seek Financing in Bankruptcy Exit Preparation
Quiksilver Inc., the surfwear retailer, is in talks with banks for a loan that would help finance its business after it exits bankruptcy.
Quiksilver Said to Seek Financing in Bankruptcy Exit Preparation
Quiksilver Inc., the surfwear retailer, is in talks with banks for a loan that would help finance its business after it exits bankruptcy.
Financial Markets
Under Armour Tumbles After Analyst Says It Has a Woman Problem
Under Armour Inc. suffered its worst stock decline in more than four months after Morgan Stanley pointed to a market-share decline for the company, especially among women.
Under Armour Tumbles After Analyst Says It Has a Woman Problem
Under Armour Inc. suffered its worst stock decline in more than four months after Morgan Stanley pointed to a market-share decline for the company, especially among women.
Technology
India's Flipkart Rejigs Top Management Ahead of Possible IPO
India's biggest e-commerce company Flipkart's chief executive and co-founder, Sachin Bansal, will step down and be succeeded by its other co-founder Binny Bansal, in a move viewed by some as a step towards a stock market listing.
India's Flipkart Rejigs Top Management Ahead of Possible IPO
India's biggest e-commerce company Flipkart's chief executive and co-founder, Sachin Bansal, will step down and be succeeded by its other co-founder Binny Bansal, in a move viewed by some as a step towards a stock market listing.
Financial Markets
American Apparel Gets $300 Million Bid From Team Backing Charney
American Apparel Inc. received a $300 million takeover bid from an investor group that would bring back controversial founder Dov Charney to the bankrupt clothing chain.
American Apparel Gets $300 Million Bid From Team Backing Charney
American Apparel Inc. received a $300 million takeover bid from an investor group that would bring back controversial founder Dov Charney to the bankrupt clothing chain.
Financial Markets
Pressure Builds on Gucci's Michele to Translate Buzz into Sales
Gucci’s gamble to put Alessandro Michele in charge of its creative turnaround has won praise from the catwalk, but investors are still waiting to see the benefit.
Pressure Builds on Gucci's Michele to Translate Buzz into Sales
Gucci’s gamble to put Alessandro Michele in charge of its creative turnaround has won praise from the catwalk, but investors are still waiting to see the benefit.
Financial Markets
American Eagle Dives After Holiday Sales Fall Short of Estimates
American Eagle Outfitters Inc. suffered its worst stock decline in more than two years after holiday sales missed analysts’ estimates, stoking concerns about a company that had been outshining the rest of the teen-apparel industry.
American Eagle Dives After Holiday Sales Fall Short of Estimates
American Eagle Outfitters Inc. suffered its worst stock decline in more than two years after holiday sales missed analysts’ estimates, stoking concerns about a company that had been outshining the rest of the teen-apparel industry.
Financial Markets
Sports Direct Troubles Mount as Retailer Warns of Profit Slip
Sports Direct International Plc said it’s no longer confident of meeting its full-year earnings target, heaping more misery on the embattled UK retailer.
Sports Direct Troubles Mount as Retailer Warns of Profit Slip
Sports Direct International Plc said it’s no longer confident of meeting its full-year earnings target, heaping more misery on the embattled UK retailer.
Financial Markets
Gap Shares Tumble After Sales Plunge at Once-Hot Old Navy Brand
Gap Inc. fell as much as 9.1 percent in late trading after December sales tumbled at its Old Navy chain, which was long seen as the company’s brightest star.
Gap Shares Tumble After Sales Plunge at Once-Hot Old Navy Brand
Gap Inc. fell as much as 9.1 percent in late trading after December sales tumbled at its Old Navy chain, which was long seen as the company’s brightest star.
Financial Markets
Slumping Currency Holds Silver Lining for Canadian Retailers
The Canadian dollar's plunge to a 12-year low is seen boosting sales for the country's retailers in 2016 as fewer shoppers cross the border south, but profit growth will vary depending on their ability to control import costs and push through price increases.
Slumping Currency Holds Silver Lining for Canadian Retailers
The Canadian dollar's plunge to a 12-year low is seen boosting sales for the country's retailers in 2016 as fewer shoppers cross the border south, but profit growth will vary depending on their ability to control import costs and push through price increases.
The News in Brief
US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.