Anti-Defamation League urges Adidas to sever ties with Ye’s Yeezy
Kanye West arrives at the Vanity Fair Oscar Party on Feb. 9, 2020, in Beverly Hills, Calif. Evan Agostini | Invision | AP The Anti-Defamation...
Apparel Retail
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Adidas says its relationship with Kanye West is under review
Sneaker and apparel maker Adidas said Thursday it is reviewing its relationship with the outspoken Kanye West. “After repeated efforts to privately resolve the situation,...
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Nike shares fall as overstocked inventory weighs on earnings
A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021....
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Patagonia’s bold move to donate the entire company to fight climate change only works if it stays competitive in business, CEO says
A Patagonia store signage is seen on Greene Street on September 14, 2022 in New York City. Yvon Chouinard, founder of Patagonia, his spouse and...
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Gap eliminating about 500 corporate jobs as sales fall
Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Gap Inc. is cutting about 500 corporate jobs...
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Patagonia founder just donated the entire company, worth $3 billion, to fight climate change
Yvon Chouinard, founder and owner of Patagonia. Courtesy of Jeff Johnson and Patagonia Patagonia founder Yvon Chouinard, his spouse and two adult children are giving...
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Lululemon jumps after it boosts outlook and posts strong earnings beat
Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Lululemon Athletica Inc. on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as...
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Gap withdraws 2022 financial outlook as Old Navy sales fall in second quarter
An employee hands a customer a shopping bag at an Old Navy store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap...
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We’re starting a new position in a stock that will benefit from retail’s inventory glut
We’re starting a position in a stock that will benefit from retail’s inventory glut Source: CNBC
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3 things Gap needs to fix to turn its struggling business around
A pedestrian passes in front of a Gap Inc. store in Miami Beach, Florida. Scott McIntyre | Bloomberg | Getty Images Gap needs a new...
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Nordstrom cuts full-year forecast, citing slowing customer demand
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday slashed...
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Macy’s cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending
Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will force the department store chain...