Finance: Latest news and analysis articles
Gap Inc CEO Art Peck has only been in the job for a matter of weeks, but his early “to do” list is already assuming somewhat alarming propor...
Primark may be reaching saturation point in the UK market, making it more difficult to hold and retain customers, analysts believe. But whil...
Apparel and footwear giant VF Corporation has said that reducing costs in its global supply chain has given it a competitive advantage as it...
Denim giant Levi Strauss & Co has said the “volatile” and “unpredictable” delays occurring on the West Coast ports could adversely affect it...
Levi Strauss & Co is returning to its roots. The denim stalwart, which has been battling sluggish traffic trends, international challenges and a revolution in activewear, is looking to re-establish leadership in its sector. A touch of nostalgia, plenty of innovation, adjustments in sourcing strategy, and global expansion are all part of the plan. just-style talks with Seth Ellison, the group's president for Europe.
UK retailer Marks & Spencer is on something of a mission: To become the world's most sustainable retailer through its ambitious Plan A environmental and ethical programme. The person in charge of implementing this globally is Adam Elman, head of Plan A delivery, who discusses the initiative's challenging targets and the need for wider industry collaboration.
Sporting goods giant Adidas recorded a much-reduced fourth-quarter net profit, impacted by currency headwinds, a slump in Russia and a weak golf market.
US department store retailer JC Penney has said one of its biggest opportunities for incremental growth in the near term is in omni-channel, as it looks to deliver continued improvements in the business.
Analysts have mixed views on American Eagle Outfitters' six-fold fourth-quarter profit increase, with one welcoming the performance, and another saying it still has more work to do.
Perry Ellis International has entered into a license agreement with Panama-based fashion group DreamKyds for the Grand Slam brand in the Caribbean, Central and South America.
Abercrombie & Fitch Co said it needs to work on improving comparable sales trends in its US and international stores after it posted fourth-quarter and full-year results somewhat below expectations.
Target Corp is to axe several thousand jobs over the next two years as it looks to save US$2bn in costs, and focus on key initiatives it believes will put the US retailer “on a clear path to growth”.
A tentative agreement on a new five-year contract has been agreed for some 20,000 dockworkers at 29 US West Coast ports, ending nine months of discussions. The Pacific Maritime Association (PMA) and International Longshore & Warehouse Union (ILWU) have been engaged in talks since 12 May to replace the existing six-year contact, which expired on 30 June.
As the threat of a US West Coast port shutdown looms, analysts already estimate the ongoing disruption could add an eye-watering US$36.9bn to costs over the next 24 months.
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