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Wealth inequality rises even as wage gap narrows
2020-08-03 01:13:38| BBC News | Business | UK Edition
Although the gap in wages is narrowing, inequalities in wealth across the UK are rising.
Gap Inc to compensate suppliers in full for cancelled orders
2020-07-13 14:40:00| Daily apparel & textile news and comment - from just-style.com
US specialty apparel retailer Gap Inc says it will work collaboratively with its vendors to compensate them in full for finished goods and goods in production that were cancelled or subject to pack and hold.
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US Q2 in brief - Gap Inc, Express Inc, The Children's Place
2020-07-08 12:22:00| Daily apparel & textile news and comment - from just-style.com
In the latest second-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Both Nordstrom and The Children's Place swung to a net loss, while Urban Outfitters has reported a 43% drop in net income. Elsewhere, Foot Locker saw earnings tumble by a quarter on last year and Kohl's saw sales decline by 22.9%.
US Q2 in brief - Gap Inc, Abercrombie & Fitch, Express Inc
2020-07-08 12:22:00| Daily apparel & textile news and comment - from just-style.com
In the latest second-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Despite many retailers swinging to a loss in the period, online demand across its brands helped lift comparable sales at specialty clothing retailer Gap Inc, and casual clothing retailer Abercrombie & Fitch bounced back to profit.
US Q2 in brief - Shoe Carnival, Gap Inc, Abercrombie & Fitch
2020-07-08 12:22:00| Daily apparel & textile news and comment - from just-style.com
In the latest second-quarter filings from US apparel and footwear brands and retailers, the impact of the global coronavirus pandemic and widespread store closures can be clearly seen. Despite many retailers swinging to a loss in the period, online demand across its brands helped lift comparable sales at specialty clothing retailer Gap Inc, and casual clothing retailer Abercrombie & Fitch bounced back to profit.
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