financial
Express Achieves Growth in Third Quarter E-Commerce Sales; G-III Revises FY 2017 Outlook
Plus, New York & Company reported a decrease in net sales and comparable store sales for third quarter 2016.
Rupee Cancellation Affects India’s Textile Industry
India's textile industry is taking a hard hit from the nation's latest currency dilemma.
Hampshire Group Files for Chapter 11 Bankruptcy
Hampshire Group is calling it quits on its business operations.
Gildan Activewear to Acquire American Apparel
Gildan Activewear announces its acquisition of American Apparel on the same day the LA brand files Chapter 11…
Macy’s Posts Another Quarter of Declining Sales; Nordstrom Cuts Outlook Despite Increase in Comps
Plus, e-tailers Yoox Net-a-Porter Group and Zalando reported revenue growth.
Nasty Gal Files For Bankruptcy
Nasty Gal is experiencing financial troubles.
Inditex Furthers Its Commitment to Global Community Efforts
Inditex is taking additional steps to improve lives worldwide.
Tradeshift’s $75 Million Series D Round Gains Investors, Advances Company Goals
Tradeshift is receiving major financial support to further its global expansion and platform development.
Bebe and Bluestar Alliance Form New Strategic JV
Bebe is working on a new global licensing model.
Father’s Day Spending Will Reach $14.3 Billion This Year
Forget about graduation. Another summer celebration is causing people to disregard price tags and spend…
Burlington Doubles Q1 Net Income, Plans to Open 25 Stores
American off-price retailer, Burlington Stores Inc. released its first quarter results for the 2015 fiscal…
Uniqlo International Revenue Soars 47% in Q1
Japanese retail holding group and operator of Uniqlo and Global Brands, Fast Retailing Co., released its…
Chinese Exports, Imports Sharply Contract
China unexpectedly reported a significant contraction in both its exports and imports in March, stoking…
Sears’ Turnaround Strategy Pits Shareholders Vs. Bondholders; CEO Lampert is Both
As Sears Holdings Corp struggles to revitalize a limping business empire, CEO Eddie Lampert’s turnaround…
Sears CEO Eddie Lampert to Cut His Own Lending to Sears; Vote of No Confidence?
Already interpreted by some as an expression of a lack of confidence in his own company, Sears Holding…