Gap Inc. ’s iconic blue-square logo, emblazoned on millions of shirts, hats and bags for more than two decades, got a makeover this week, drawing a backlash from customers who see the new look as ugly and bland.
Derivatives traders and bond investors are losing confidence in Gap Inc. as the largest U.S. apparel chain faces declining profit amid what the company said are the worst inflationary pressures in three decades.
After two years stockpiling cash and trimming debt, Discovery Communications Inc. did what U.S. companies collectively are doing for the first time since the nation pulled itself out of the worst recession in seven decades: It borrowed some more money.
Retailers from American Eagle Outfitters Inc. to Bloomingdale’s are betting that women are ready to shed skinny jeans for a return to flared styles, a change that may firm up more than sagging denim sales.
The operator of Sweden’s H&M clothing chain said there was “no basis” to speculation it would bid for Gap Inc. after bets on a potential takeover lifted the apparel chain’s call- options volume to a seven-month high.