Latest Apparel and accessories retail News

Asian shares mixed as Fed leaves rates unchanged

Dec. 11, 2019 9:58 PM EST

TOKYO (AP) — Asian shares were mixed Thursday, after a wobbly day on Wall Street following the Federal Reserve announcement it would leave interest rates unchanged. Japan's benchmark Nikkei 225 edged up 0.2% in early trading to 23,433.83, while Australia's S&P/ASX 200 lost 0.7% to 6,706.90. South...

Ollie's, Cummins post gains while GameStop, Home Depot fall

Dec. 11, 2019 4:39 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: Ollie's Bargain Outlet Holdings Inc., up $9.03 to $69.33 The retailer named John Swygert as its new CEO and reported surprisingly strong third-quarter profit and revenue. Schlumberger Ltd., up $1.06 to $38.40 The oilfield...

Historic hardware store in northwest Louisiana shuttering

Nov. 30, 2019 1:16 PM EST

LOGANSPORT, La. (AP) — A 122-year hardware and department store that once saw a visit from Bonnie and Clyde is closing in northwest Louisiana. N.J. Caraway & Company has been serving customers in the town of Logansport since 1897. The DeSoto Parish store nestled on the bank of the Sabine River sells an...

Providing a unique experience is retailers’ holiday strategy

Nov. 27, 2019 11:05 AM EST

NEW YORK (AP) — As Amy Witt prepared for the grand opening of her Dallas clothing store, she read up on the demise of thousands of chain stores this past year so she wouldn’t repeat their mistakes. “Big box retailers are selling 20,000 square feet of, what? Stuff. There’s no...

Asian markets mixed after US shares forge new highs

Nov. 26, 2019 8:57 PM EST

BEIJING (AP) — Shares were mostly higher in Asia on Wednesday after a fresh set of record highs on Wall Street, spurred by encouraging signs on trade talks between the U.S. and China. Japan’s Nikkei 225 advanced 0.4% to 23,464.57 while the S&P ASX 200 climbed 0.7% to 6,833.20. South...

Gap’s interim CEO promises to address ‘operational issues’

Nov. 21, 2019 6:02 PM EST

NEW YORK (AP) — Two weeks after Gap Inc. ousted its CEO Art Peck, the company’s interim leader promised investors it would address “operational issues” that have been dragging down the retailer. The comments from Robert J. Fisher came as the San Francisco-based clothing chain released...

Macy's weak earnings reflect more trouble at malls

Nov. 21, 2019 5:04 PM EST

NEW YORK (AP) — There’s more trouble for the nation’s malls heading into the crucial holiday shopping season. A slew of mall-based clothing retailers delivered weak third-quarter earnings reports in recent days, the latest indication of shoppers’ increasing shift online and away from...

Target bursts into the holiday season with a bang

Nov. 20, 2019 4:59 PM EST

NEW YORK (AP) — Target is bursting into the critical holiday season with strong third-quarter earnings as the company pushes faster delivery and invests in stores and on new fashion brands. The retailer raised its expectations for the year and shares closed up more than 14% at $126.43. Target’s...

JC Penney losses narrow, CEO tries to reinvigorate stores

Nov. 15, 2019 10:57 AM EST

NEW YORK (AP) — J.C. Penney, in the throes of yet another reinvention, offered some rare hope during the third quarter. The troubled department store chain raised its annual profit forecast Friday after reporting narrowed losses. It still anticipates a sharp sales decline for the year, however. Jill...

Sizing up the 2019 holiday shopping season for retailers

Nov. 14, 2019 10:43 AM EST

NEW YORK (AP) — With two weeks until the official start of the holiday shopping season, the nation’s retailers are gearing up for what should be another brutally competitive shopping period. The good news? Many retail CEOs say the U.S. consumer is financially healthy given the economy remains strong...