Pennsylvania police are searching for two suspects in connection with a recent retail theft. The Springettsbury Township Police Department last week requested help identifying two people suspected of stealing almost $3,000 worth of merchandise from a Kohl’s store on August 23 and 24. According to police, both suspects likely left the store in a black SUV. FN […]
On provided a progress update on its sustainability and social initiatives on Monday in its second annual impact report. A key highlight from On’s 2021 Impact Progress Report include increasing the company’s use of recycled materials. At the end of 2021, 53% of the polyester and 63% of the polyamide used was recycled, and 95% of the […]
Gap Inc. withdrew its guidance for the year after reporting a net loss of $49 million in the second quarter of 2022. The beleaguered San Francisco-based company, which is in the midst of a CEO search, cited inflationary pressures impacting the lower-income consumer and the wrong merchandise mix and sizes at its Old Navy banner […]
MILAN — A strong performance in the U.S., Western Europe and the United Arab Emirates helped the Ermenegildo Zegna Group report 20.8% growth in the first half. In the six months ended June 30, revenues amounted to 729 million euros, compared with 603.3 million euros in the same period last year. This was achieved despite […]
FN rounds up all the store openings, closings and redesigns happening this month, from throughout the footwear industry. Send your retail news to [email protected]. Aug. 26, 2022: Louis Vuitton has opened a new men’s store at South Coast Plaza in Costa Mesa, Calif. This new location is the ninth freestanding men’s store in the country, and […]
“Just do it.” That’s the advice business powerhouses Bianca Gates and Haley Sacks gave to a room filled with female entrepreneurs and career women in New York on Thursday night. Gates, who is the co-founder of shoe brand Birdies, and Sacks — also known as “Mrs. Dow Jones” on Instagram and runs Finance Is Cool, a financial […]
Gap Inc. withdrew its guidance for the year after reporting a net loss of $49 million in the second quarter of 2022. The beleaguered San Francisco-based company, which is in the midst of a CEO search, cited inflationary pressures impacting the lower-income consumer and the wrong merchandise mix and sizes at its Old Navy banner […]
LONDON — JD.com, China’s second-largest e-commerce operator after Alibaba, logged a 5.4% increase in net revenue to 267.6 billion renminbi, or $39.09 billion, in the second quarter of 2022 ended June 30, beating analysts average estimate of 262.31 billion renminbi, according to Refinitiv. Income from operations for the period was 3.8 billion renminbi, or $555.1 million, […]
Dick’s Sporting Goods is not seeing slowdowns in consumer spending, bucking a trend of weak demand being seen across retailers this quarter. “We are not seeing a significant trade down,” said Dick’s CEO Lauren Hobart in a call with investors on Tuesday. “Our consumer is holding up very well.” Shares of the sporting goods retailer […]
Shares for Macy’s Inc. were up 6.5% on Tuesday morning after the department store beat expectations in the second quarter. Net sales in the second quarter fell slightly to $5.6 billion from $5.65 billion a year earlier. This was still above market expectations with estimates for the quarter at $5.49 billion. On the company’s second […]