Financial

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Financial

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Analysts Getting Bearish on Gap

Wall Street isn’t so sure about Gap Inc.’s future, hitting the retailer with two stock downgrades in a week.

Scott Focuses on Wal-Mart’s Growth, Operations

NEW YORK — Wal-Mart’s president and chief executive officer Lee Scott has an agenda for Wal-Mart’s growth, one that puts part of his own bonus at stake.

On Tuesday, the ceo, along with members of his management team, gave a...

House Legislation Will End EU Tariffs

WASHINGTON — The House is expected to take up legislation today intended to end 12 percent tariffs levied by the European Union on $5 billion worth of U.S. exports, including textiles, by canceling an export tax subsidy program deemed illegal by...

Penney’s Downgraded on Spending Concerns

NEW YORK — J.C. Penney’s stock was downgraded to “market perform” from “outperform” by Piper Jaffray analyst Jeffrey Klinefelter Wednesday on the possibility the retailer faces a consumer spending slowdown of its...

L.A. Retail Real Estate: The 10 shopping streets in greater Los Angeles with the highest rents per square foot.

In greater Los Angeles, where shopping is serious business, Rodeo Drive is alive with the sound of construction. Prada opened an Epicenter in July. In another testament to Rodeo Drive’s preeminence as a luxury stronghold, Louis Vuitton on...

Stepping on the Gas: Chloé Gets the Cash

Chloé is embarking on an aggressive expansion drive that could see it become a billion-dollar baby for parent Compagnie Financiere Richemont.

Tumi Sold to Private Equity Firm

NEW YORK — Tumi has found a new traveling partner.

London-based independent private equity firm Doughty Hanson & Co. agreed to purchase the accessories company, best known for its black ripstop nylon and napa leather luggage, from...

In Brief: Happy Holidays ... Dropping Wet Seal ... Homeward Bound

HAPPY HOLIDAYS: Wal-Mart Stores Inc. chief executive officer Lee Scott told analysts during a conference at the retailer’s headquarters in Bentonville, Ark., that he was optimistic about the upcoming holiday shopping season despite higher...

Dolce & Gabbana Profits, Sales Rise

Dolce & Gabbana’s net profits jumped 34 percent to 55.5 million euros for the year, as sales climbed 23 percent to 585.1 million euros.

Laundry Weds Bridesmaid With Contemporary

Five years after its purchase by Liz Claiborne Inc., Laundry by Shelli Segal is finally stepping out with brand extensions and new stores.

Tarrant Warns of Likely $96.9M Loss

NEW YORK — The Tarrant Apparel Group is expecting to post a steep loss for 2004 as the apparel supplier records currency-related charges to its books.

The company also is anticipating significantly softer sales in the second half as...

Winning Over the Moneyed Masses

NEW YORK — Approximately $76 billion in potential sales of apparel evaporated from 1999 through 2002 as share of consumers’ disposable income spent on the category continued a longtime slide.

So said Paul Nunes, co-author of the...

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