Gap Falls After Forecasting Profit Less Than Analysts Estimate

SAN FRANCISCO, United States — Gap Inc. fell as much as 5 percent in late trading after the retailer forecast annual profit that was less than analysts estimated. Gap slid 1.6 percent to $40.70 at 4:04 p.m. in New York after dropping as low as $39.31. The San Francisco-based company’s shares had gained 33 percent this year through the close of regular trading today, the best performance for an apparel company in the Standard &

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Thom Browne’s moment, Virtual NYFW, Gap’s comeback, Fashion circus, Twitter trolls

Thom Browne by Dylan Don | Source: The Talks

Being Thom Browne: His Moment Is Now (NY Times) “‘Other designers get cross-pollinated a lot,’ Michael Hainey, deputy editor of GQ, said in discussing Mr. Browne. ‘You know, suddenly everyone’s showing orange this season because that designer’s fabric person is researching the same fabric as three other people. Thom stands apart. He’s always stood apart.’ He is a game-changer, Mr. Hainey added, a

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GAP buys Intermix, Investing in luxury, Burch Lawsuit ends, MBAs in ecommerce, CFDA calling

Intermix store | Source: The Real Deal

Gap to Buy Luxury Retailer Intermix (WSJ) “Gap Inc. is buying women’s fashion boutique Intermix Inc. for $130 million, a deal that will give the mostly casual-clothes retailer an opening to the all-important luxury market.” Is it time to invest in a little luxury? (Telegraph) “Luxury goods companies were the height of investment fashion in the spring, as their profits soared on demand from brand-hungry

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