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Retail

Gap's quarterly profit beats; Old Navy to exit China as spin-off continues

Gap's quarterly profit beats; Old Navy to exit China as spin-off continues

Apparel retailer Gap Inc nudged past tempered quarterly profit expectations and reiterated its plan to separate Old Navy from the namesake brand ahead of Old Navy's China exit in 2020.
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Ready-to-wear
Retail
Italian fast-fashion group Teddy bucks market trend with 87 store openings in 2019

Italian fast-fashion group Teddy bucks market trend with 87 store openings in 2019

With 87 new stores in 2019, the Italian fast-fashion group has completed its five-year retail expansion plan which kicked off in 2015, requiring a total investment of over €100 million.
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Ready-to-wear
Retail

Outlet centre developer Neinver multiplies openings, renovations in Holland, France, Italy, Spain

The Spanish group’s The Style Outlets in Amsterdam is now 80% leased out, as Neinver also started work on the Alpes outlet centre in France, and the Vicolungo centre in Italy is undergoing a €9 million facelift.
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Others
Retail

Debenhams strengthens workforce as it prepares for busy Christmas

Debenhams is determined to avoid repeating last year’s disappointing Christmas results by hiring thousands of additional workers in a bid to entice shoppers to its stores.
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Ready-to-wear
Industry