All American brand Gap Inc, announced plans to shut nearly a fifth of its namesake stores (175 of its 675 Gap stores) in the US, as the company struggles with a slump in sales. In addition it would also be shutting a “limited number” of its European stores. The retailer also...

Italian luxury goods company Prada reported reported a steep fall in its first-quarter profit . In the three months to April 30, Net income fell 44% to $66.2 million with Asia Pacific region, especially Hong Kong and Macao, not showing any sign of improvement in the first months of 2015, the...

Karl Lagerfeld‘s namesake label which was discontinued in the US after its Fall 06 debut is making a return to the United States. According to WWD, the iconic designer has formed a joint venture with G-III Apparel Group, through which a new Karl Lagerfeld Paris collection for spring...

The US Supreme court on Monday ruled in favor of a Muslim woman who was denied a job at the Abercrombie & Fitch clothing chain in 2008 because her Muslim headscarf did not comply with the retailer’s “look policy.” Claiming that Abercrombie’s policy is...

American Apparel Inc announced that on Monday a Delaware court had granted its request for a restraining order against former Chief Executive Dov Charney. In a regulatory filing on Tuesday, the Los Angeles retailer said that the order temporarily restrains Charney from breaching terms of a...

While luxury fashion may not be the most valuable sector in the world its good to know who its top brands are. Business magazine Forbes has named Louis Vuitton as the world’s most valuable luxury brand putting it at no 14 on its list of the world’s 100 most valuable brands. The...

Fashion house Michael Kors Holdings Ltd posted weak financial results for its fourth-quarter earnings. Shares were down almost 50% from an all-time high of $97.60 a few months ago, with an unexpected 5.8% decline in stores including a 6.7% drop in North America, its biggest market by far. The...

After being sued by Dov Charney American Apparel Inc. is fighting back by accusing the controversial founder of running a “scorched earth campaign” as he tries to regain control of the company. On friday the Los Angeles retailer filed a lawsuit against Charney in the Delaware...

Hipster brand American Apparel is in hot water again. After criticism for airbrushing images to fix its advertisements that were banned by Advertising Standards Authority for sexualization the company is stirring attention lately for a leaked email from a modeling agency casting. ‘[The]...

Just days after announcing a worldwide model call for the new faces of its campaign, Marc by Marc Jacobs is shutting down. The line which was launched in spring 2001 under the creative direction of Katie Hillier and Luella Bartley will be absorbed into Jacobs’ primary luxury line. WWD...

Ann Inc. owner of New York-based retailer Ann Taylor is said to be in talks with JP Morgan Chase & Co on a possible sale. On Friday Bloomberg reported, citing people with knowledge of the matter that Ann is working with on a potential sale has contacted possible suitors including rival...