Michael Jeffries, longtime CEO of teen clothing retailer Abercrombie & Fitch has stepped down from his role at the company, effective immediately. The news comes just days after Abercrombie & Fitch sales dropped to 12 percent in the third-quarter. Jeffries, 70, and the board of...

All-American brand GAP Inc saw its sales falling below its expectations. The San Francisco-based apparel retailer said total sales for October fell 9%, to $1 billion compared to $1.1 billion in October 2000. Sales at stores open at least a year plunged 17%, with steep declines at each of its...

Following on its 14 percent growth for October, Swedish Retailer Hennes & Mauritz is said to be launching eight new online stores in 2015. The company said Tuesday that it will go online in Belgium, Bulgaria, Poland, Portugal, Romania, Slovakia, Czech Republic and Hungary next year....

Swedish budget fashion retailer Hennes & Mauritz, posted a 14 percent rise in October sales on Monday, in comparison to the same month last year. The rise beat Analysts forecasts by 4 percent. The company had warned back in September that unusually warm weather had hit sales of its cold...