Apparel retailer Gap Inc reported quarterly same-store sales on Thursday that missed analysts’ estimates as its namesake brand struggled to clear excess inventory in a quarter marred by an unusually long winter.
Investment bank Piper Jaffray released the results of its 35th semi-annual “Taking Stock With Teens” survey on Tuesday, revealing strong gains for the beauty sector and promising progress for streetwear and 90s fashion.
Gap’s dependence on its low-end Old Navy line lessened in the holiday quarter as the apparel retailer managed to better its sales of other brands, helping the company’s same-store sales blow past Wall Street estimates.
Japanese retailer Uniqlo will be entering the Dutch market this autumn with its first Netherland store opening in Amsterdam. The 2,040 m2 shop will be located on the city's main shopping street, Kalverstraat.
U.S. teen retailer rue21 Inc, which exited bankruptcy in September, is seeking financing after lackluster holiday sales failed to generate the cash it had hoped for, people familiar with the matter said on Friday.