U.S. retailers are suffering through the slowest back-to-school shopping season since the recession ended in 2009, raising concern that the year-end holidays will bring more of the same.
Recent surveys have found that members of the U.S. Millennial Generation — the roughly 80 million Americans born between 1977 and 2000 — pride themselves on their individuality, and shop accordingly.
Gap Inc. said Thursday that its sales edged up 3 percent in the second quarter as growth at Old Navy offset lower sales of the company's namesake brand.
NEW YORK, United States — Gap Inc., the largest U.S. retailer focused on apparel, tumbled as much as 5.3 percent in late trading after posting a comparable-store sales drop for June.
NEW YORK, United States — Gap Inc., the biggest apparel-focused retailer in the U.S., reported first-quarter profit that exceeded analysts’ estimates, helped by sales of low-priced clothing and athletic gear.
SAN FRANCISCO, United States — Gap Inc. rose as much as 5.8 percent in late trading after posting preliminary first-quarter profit that beat analysts’ estimates, helped by an unexpected gain in April sales.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
NEW YORK, United States — Gap Inc. announced Wednesday it plans to more than triple sales in China in three years as it seeks to grab a bigger piece of the overall $1.4 trillion global clothing market.
NEW YORK, United States — Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped up competition from rival yoga retailers, department stores and hot new brands.
NEW YORK, United States — Gap Inc. is reporting a 12.5 percent drop in fourth-quarter profit on a 3 percent decline in revenue as the clothing retailer was forced to discount heavily over the holiday shopping season to entice customers.
SAN FRANCISCO, United States — Gap Inc., the owner of Old Navy, Banana Republic and its namesake apparel chain, will raise its hourly pay for U.S. employees to $9 in 2014 and $10 the following year, saying it wants to “do more than sell clothes.”
SAN FRANCISCO, United States — Gap shares jumped 6 percent Friday after posting surprisingly strong sales for January issuing a bold fourth-quarter outlook.
SYDNEY, Australia — David Jones Ltd., Australia’s second-largest listed department store company, rose the most in two months after it said it received a merger proposal in October from larger rival Myer Holdings Ltd. that it rejected.