Shein’s US IPO is doomed, experts say

Shein’s US IPO is doomed, experts say

Shein’s logo can be seen on the smartphone, while the Chinese online retailer’s website is open on the laptop. Monika Skolimowska | Picture Alliance | Getty Images According to experts, the hopes of China-based e-commerce company Shein to go public in the US are diminishing by the day. Increasing tension There is turmoil in trade […]

First quarter retail earnings do not indicate a consumer comeback

First quarter retail earnings do not indicate a consumer comeback

Shoppers at a shopping centre in Birmingham, United Kingdom on February 11, 2024. NurPhoto | NurPhoto | Getty Images The biggest winners in retail first quarter earnings They are thriving not because consumers are suddenly spending more on discretionary items – but because they are doing a good job and cash-strapped shoppers are choosing them […]

Gap (GPS) Earnings Q1 2024

Gap (GPS) Earnings Q1 2024

A Gap store in New York, U.S., on Monday, May 27, 2024. Gap Inc. is scheduled to release earnings data on May 30. Bloomberg | Bloomberg | Getty Images Difference on Thursday reported positive comparable sales growth across all four of its brands, causing the apparel giant to raise its full-year forecast as CEO Richard […]

Dick’s Sporting Goods (DKS) Earnings Q1 2024

Dick’s Sporting Goods (DKS) Earnings Q1 2024

A shopping cart is parked in front of a Dick’s Sporting Goods store on August 26, 2020 in Daly City, California. Justin Sullivan | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday said customers are spending more on new sneakers and athletic gear, prompting the retailer to raise its full-year earnings guidance. […]

Store credit card deals are another drain on department store revenue.

Store credit card deals are another drain on department store revenue.

A customer uses a credit card to pay for items at a retail store in New York City on January 28, 2022. Robert Nickelsburg | getty images like department stores Macy’s And Kohl’s Long have been using store-branded credit cards to maximize purchases and get cash cuts. However, starting this spring those cards will become […]

Gap (GPS) Earnings Q4 2023

Gap (GPS) Earnings Q4 2023

A general view of the Old Navy Store. Gap Inc. of gap Biggest banner Old Navy got back on track for growth during its holiday quarter for the first time in more than a year as the retailer reported earnings Thursday that well ahead of Wall Street expectations. Sales at Old Navy rose 6% to […]

Jeans Brand True Religion Exploring Sale

Jeans Brand True Religion Exploring Sale

The hedge fund that owns True Religion is exploring the possibility of a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging from its second bankruptcy, CNBC has learned. True Religion’s sales rose nearly 20% last year to about $280 million and its earnings before interest, taxes, depreciation and […]

Beyond yoga, Athleta, Gap veteran Nancy Greene named CEO

Beyond yoga, Athleta, Gap veteran Nancy Greene named CEO

beyond yoga Courtesy: Beyond Yoga Levi Strauss’ Beyond Yoga is the former CEO of Athleta and longtime Difference Experienced Nancy Green will be its next chief executive, as the company looks to move beyond its modest roots and compete with industry leaders such as Lululemon and upstarts like Aloe Yoga and Vuori. Michelle Wahler, founder […]

Early Black Friday discounts are higher than in previous years

Early Black Friday discounts are higher than in previous years

Barbie dolls (R) are displayed for sale ahead of Black Friday at a Walmart Supercenter in Burbank, California on November 14, 2023. Mario Tama | Getty Images News | getty images Black Friday discounts were far higher this October than in previous years, indicating retailers are concerned that demand may be down during the crucial […]

Gap (GPS) Earnings Q3 2023

Gap (GPS) Earnings Q3 2023

Sign at a Gap retail store in Los Angeles, California on September 20, 2022. Alison Diner | getty images Difference Posted better than expected third quarter on Thursday, but the apparel retailer is still looking cautious ahead of the holiday season as it works to reverse the slump at Banana Republic and Athleta. The company, […]