Author: Reuters
The proposal would give companies the option to share results twice a year.
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The Daily Digest NewsletterThe essential daily round-up of fashion news, analysis, and breaking news alerts.Plus, access one complimentary BoF Professional article of your choice, each month.SubscribeNewsletter preferencesReceive news, offers and invites from BoFOur newsletters may include 3rd-party advertising, by subscribing you agree to the Terms and Conditions & Privacy Policy.
DHAKA, BANGLADESH — Shipments of garments for Zara owner Inditex and other major clothing retailers are stranded at airports in Bangladesh and India, according to three manufacturers, as the conflict in the Middle East forces airlines such as Emirates and Qatar Airways to cancel flights.South Asia is a clothes manufacturing powerhouse and fast fashion brands around the world rely on factories in Bangladesh, India and Pakistan for a constant stream of new T-shirts, dresses and jeans.“Some of my apparel consignments are currently stuck at Dhaka airport,” said Shovon Islam, managing director of manufacturer Sparrow Group, whose European clients include Inditex,…
Saks Global said on Friday it was closing 15 more stores as the luxury retailer, which filed for bankruptcy earlier this year, tries to cut losses and focus on more profitable, higher-end locations.The company has largely completed the process of shutting down underperforming stores with Friday’s announcement, but was still working with some landlords to finalize its store count after weak sales led to the company defaulting on vendor payments and losing out on inventory as brands stopped shipping products last year, it said.The company is closing 12 Saks Fifth Avenue stores and three Neiman Marcus locations.The restructuring does not…
The Supreme Court did not say how the collected tariffs should be refunded when it struck Trump’s economic policy down as unconstitutional last month, leaving small importers worried the process would be expensive and time-consuming.
The US economy unexpectedly shed jobs in February and the unemployment rate increased to 4.4 percent, potentially hinting at a deterioration in labour market conditions that could put the Federal Reserve in a difficult spot amid rising oil prices.The decline in nonfarm payrolls reported by the Labor Department in its closely watched employment report on Friday was the sixth since January 2025 and the second largest. The labour market stumbled in 2025 amid what economists said was uncertainty stemming from President Donald Trump’s sweeping tariffs, which he pursued under a law meant for use in national emergencies.Though the import duties…
American Eagle Outfitters forecast annual sales above estimates on Wednesday, betting on marketing-driven demand for its apparel and accessories from affluent shoppers, even as pressures linger from import duties in the United States.The company has leaned on new product launches and high‑profile marketing campaigns, including “Give Great Jeans” for the holidays, starring veteran actress Martha Stewart, and the “Great Jeans” ad featuring “Euphoria” actor Sydney Sweeney, to attract younger, higher-earning shoppers.It also benefited from growth at its intimates and athleisure brand Aerie, and discounts were up for products such as jeans from its namesake brand in the holiday quarter.“The strength…
Ross Stores forecast annual sales above Wall Street estimates on Tuesday, betting demand for discounted apparel and accessories will hold up even as macroeconomic uncertainty looms.Shares of the off-price retailer rose about 6 percent in after-hours trading after it also announced a new $2.55 billion share buyback program for fiscal 2026 and 2027.Value-focused shoppers have been turning to off-price chains for branded goods at lower prices amid persistent inflation and uncertainty around trade policy, supporting steady store traffic.Ross has been investing in marketing to attract demand in a highly competitive off-price market, and executives said on a post-earnings call it…
Apparel retailer Abercrombie & Fitch on Wednesday forecast muted sales growth for the year and said it was including an estimated impact of 15 percent US tariffs in its books.Shares of the company fell about 7 percent in premarket trading.US president Donald Trump said in late February that he would raise a temporary tariff from 10 percent to 15 percent, the maximum level allowed under the law, after a Supreme Court decision to strike down Trump’s broad tariffs imposed under the International Emergency Economic Powers Act (IEEPA).Retailers so far have accounted for the uncertainty around tariffs in different ways -…