financial
H&M Q3 Sales Rise 2% in Local Currencies Despite Store Closures
Operating profit jumped 40 percent with currency effects.
Fashion Firms Managed Tariffs With Varied Strategies and Success Last Quarter
With second-quarter earnings in the rearview, American brands and retailers have now had a moment to take…
Tapestry Takes $50M De Minimis Hit
The Coach parent's CFO said the elimination of the duty-free rule would contribute about a third of the…
Ross Has Q4 Beat, But Sees Softer Business in Q1
While Ross Stores sees a pullback in consumer discretionary spending, a volatile backdrop could mean more…
HanesBrands Prepares for Another Transition With CEO Steve Bratspies Stepping Down
Bratspies restructured the company over nearly five years, refocusing the business and selling Champion.
Joann’s Sets Sale Deadline, Readies for Layoffs
Fabrics retailer Jo-Ann has filed WARN notices, setting the stage for layoffs if it can't find a…
Fabric Retailer Joann, Bankrupt Again, Seeks Buyer
Bankrupt Joann's Fabrics signed a deal with Gordon Brothers as the stalking horse bidder.
What Would Happen to Joann’s Fabrics If It Enters The Chapter 22 Club?
Fabric retailer Joann's is facing a cash crunch, and could file Chapter 11—the second in less than a…
Can This Fabric Retailer Avoid Bankruptcy In 2025?
Fabrics chain Joann Inc. completed a tour in Chapter 11 last year, and is said to be facing liquidity…
What Going Private Means for Nordstrom Inc.
As expected, the $4 billion proposal by the Nordstrom family and Mexico's Liverpool to take the Seattle-based…
JCPenney Remains a Question Mark
JCPenney sees gains in new customer acquisition and traffic trends, but sales are down and it is still…
US Apparel Retail Default Risk Grew 25.9% in November
S&P Global Market Intelligence data showed a spike in apparel retail default risk due to higher bankruptcy…
Crossings At Corona Shopping Center Owner Secures $140M Refi Loan
Castle & Cooke obtained a $140 million loan to refinance a Class A retail power shopping center that serves…
Primark, Asos See Positive Signs Ahead
Store openings help Primark with growth opportunities, while strategic initiatives at Asos suggest turnaround…
This Is Why BuyBuy Baby Stores Had to Close
One credit firm cites cash flow challenges at both BuyBuy Baby and its parent entity Dream on Me, and more…