Gap Inc., the biggest U.S. specialty-apparel retailer, posted third-quarter profit that exceeded analysts’ estimates as mall retailers deepened discounts to woo shoppers before the holiday season.
Abercrombie & Fitch Co. fell the most in more than two months after posting fiscal third-quarter sales that trailed analysts’ estimates as teens restrained spending on clothing.
With Europeans and Asians buying fewer $65,000 diamond necklaces and $10,000 amethyst earrings, Tiffany & Co. may be in for a less-than-glittering 2012.
Retail sales are projected to advance 2.4 percent this holiday season, the smallest increase since 2009, as shoppers visit fewer stores.
Wall Street loves Gap Inc. Again.
Sarah Greenberg, a jewelry designer in Oakland, California, used to craft half of her collection from gold. Now, she doesn’t even carry pieces made from the precious metal in stock.
Gap Inc. and Target Corp. reported March same-store sales that topped analysts’ estimates as unseasonably warm weather and an earlier Easter holiday boosted purchases of spring merchandise.
True Religion Apparel Inc., the maker of designer jeans worn by celebrities from Megan Fox to Angelina Jolie, stands to recover the 39 percent it cost shareholders this year by selling itself.
American Eagle Outfitters Inc., the teen-apparel chain that brought in a new chief executive officer in January, rose the most in three months after raising its full-year profit forecast amid increasing sales.
True Religion Apparel Inc., the maker of the namesake designer jeans, surged the most in more than three years after saying it will explore strategic alternatives, including a possible sale.
"Their performance in the third quarter should suggest they still have all the tools in the toolbox and they're certainly going to use them for the holiday season."
- Dorothy Lakner on Nov 21, 2013
Topeka's Lakner, Sterne Agee's Boruchow on Tiffany