One of the leading global specialty retailers, Gap Inc. (GPS), continues to record comparable store sales results in the red. Last January, Gap registered a decline of 4% in same-store sales for the four-week period ended January 28, 2012, with sales declining across the board. The year-over-year comparison also looked jaded with the company recording [...]
Over at Neojaponisme, W. David Marx has done a superb write-up on the decline and firesale of iconic fashion brand A Bathing Ape.
The article raises one particularly intriguing question: Will Chinese consumers of BAPE continue to view it as a “hip” brand even though it’s now owned by a Hong Kong apparel maker?
The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected drop in natural gas supplies, attributable to slightly warmer-than-normal weather conditions. The ‘Weekly Natural Gas Storage Report’ – as reported by the Energy Information Administration (“EIA”) every Thursday since 2002 – includes updates on natural gas market prices, latest storage level estimates, recent weather data, [...]
(Reuters) – New U.S. claims for jobless benefits fell last week, pointing to a modest strengthening in the labor market, while second-quarter growth was revised a touch higher on firmer consumer spending. Read the full story HERE.