Gap’s Credit Rating Downgraded to Junk
Fitch Ratings expresses doubts about Gap's cost-cutting strategy, saying earnings will fall this year even with $100 million in expense reduction.
Aéropostale Files Chapter 11, Blames PE Firm
CFO David Dick says Sycamore Partners "used its leverage" over one of the retailer's suppliers to precipitate the bankruptcy.
Charney Group Offers $300M for American Apparel
The former CEO and his investors say the offer is superior to the company's reorganization plan, setting up a possible bankruptcy court showdown.
Jos. A Bank Deal Backfires on Men’s Wearhouse
Men's Wearhouse's missteps contributed to a 14% drop in same-store sales at Jos. A Bank for the third quarter, Fortune says.
Gap Profit Falls Amid Revamp of Flagship Brand
The retailer's new CEO is still confident his strategy to fix the Gap stores will improve financial performance.