American Eagle Outfitters on Tuesday signaled its revenue growth in the holiday quarter was hampered by supply chain snarls and disruptions caused by the Omicron surge, sending its shares down 2% in premarket trading.
London landlord Shaftesbury has delivered an impressive record in terms of attracting a host of new retailers and increasing footfall to its properties. it has signed over 60 new brands since 1 October 2020.
Shares of Nordstrom Inc and Gap Inc slumped more than 20% on Wednesday as warnings of product shortages during the crucial holiday season raised fears that the retailers were losing out to better-prepared competitors.
American Eagle Outfitters said on Tuesday its inventory levels jumped ahead of the holiday season as it spent more on freight to overcome supply-chain disruptions, after posting better-than-expected quarterly results.
A big capture for Shaftesbury. The London-centric property giant has signed well-known US sister brands American Eagle and Aerie to make their UK store debuts, both taking spaces at its key Carnaby shopping attraction.
The Pittsburgh-based apparel retailer announced on Tuesday that it has agreed to acquire its fulfillment partner, Quiet Logistics, for $350 million as part of the ongoing transformation of its supply chain.
The New York-based fashion group announced the launch of its new premium denim brand on Wednesday, revealing a label combining sustainability, quality and artistic sensibility, set to make its debut in October.
Halima Aden, the first supermodel to wear a hijab and pose in a burkini, has ripped up her lucrative contracts in an industry she feels lacks "basic human respect" and entered the world of modest fashion design instead.