In the latest third-quarter filings from US apparel and footwear brands and retailers, J.Crew Group has announced an agreement on the terms of a transaction that will enable it to separate its J.Crew and Madewell brands into two independent companies and pursue a proposed IPO of Madewell, while PVH Corp and Ross Stores have upped their full-year guidance on a better than expected third-quarter. Elsewhere, Gap Inc interim CEO Robert Fisher said the company is not pleased with its third-quarter results.