David Moin

1 week ago | wwd.com | David Moin

Banana Republic has been hanging in for decades, seeking to reconnect with consumers through a succession of repositionings, from the original safari style to serious careerwear to business casual, and as of late, some modern utility. The path has been bumpy, marked by store fleet downsizings, management changes, logo changes, category introductions of mixed success, and an inability to attract the next generation of shoppers. Two years ago, Banana Republic introduced a home assortment.

1 week ago | wwd.com | David Moin

Gap Inc., led by sustained momentum Old Navy and Gap, generated top- and bottom-line increases in the first quarter of this year, exceeding the retailer's expectations. Net income for the three months ended May 3 rose to $193 million, or diluted earnings per share of 51 cents, up from $158 million, or 42 cents, a year earlier. Operating incomerose to $260 million from $205 million. Net salesrose 2 percent to $3.5 billion from $3.4 billion a year earlier.

1 week ago | wwd.com | David Moin

Kohl's Corp., continuing to press for a turnaround in the aftermath of firing is chief executive officer earlier this month, managed to narrow its loss in the first quarter amid sales declines that weren't as bad as expected. The Menomonee Falls, Wisc.-based Kohl's reported a net lossof $15 million, or $0.13 per diluted share, for the period ended May 3, compared to a net loss of $27 million, or $0.24 per diluted share, in the year-ago period. A loss of $0.22 a share was anticipated.

1 week ago | sourcingjournal.com | David Moin

Shares of Abercrombie & Fitch Co. got an early Wednesday morning lift after the company reported a solid topline performance in the first quarter, particularly at its Hollister brand, and projected further sales gains for the year. Total net salesof $1.1 billion were up 8 percent in the first quarter ended May 3, from $1.02 billion last year; comparable sales rose 4 percent. That impressed investors, who pushed the stock price up 5.4 percent to $77.89 in pre-market trading Wednesday.

1 week ago | sourcingjournal.com | David Moin

Macy’s Inc., continuing to aggressively close underperforming department stores, reported drops in profits and sales for the first quarter of 2025 but said the performance was better than expected. Net income dropped to $38 million, or 13 cents per diluted share in the quarter ended May 3, from $62 million, or 22 cents per diluted share, in the year-ago quarter. Operating income declined to $94 million last quarter, from $125 million in the year-ago period.