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Management

Nordstrom Q1 sales increase 5.1 percent, reaffirms outlook

Nordstrom, Inc. reported a first quarter net loss of 39 million dollars or loss per share of 24 cents and loss before interest and taxes of 21 million dollars. Net sales for the quarter increased 5.1 percent, while comparable sales increased 3.8 percent. Gross merchandise value (GMV) for the quarter increased 4.9 percent. Commenting on the first...

Management

Gap's turnaround plan boosts Q1 performance, raises outlook

First quarter net sales of 3.4 billion dollars at Gap were up 3 percent with comparable sales up 3 percent year-over-year. Store sales for the quarter increased 3 percent and online sales increased 5 percent. As a result of its strong first quarter results, the company is increasing its outlook for fiscal 2024, reflecting higher net sales and...

Fashion

Sportswear, Cowboys and Co: Depop trends for SS24

Can a second-hand website predict trends? The London-based fashion marketplace Depop, its in-house trend forecaster Agus Panzoni and the 35 million registered users acquiesce and give some detailed insight into the next “big thing” for the upcoming summer. With Festival Season fast approaching, Depop analysed the most searched-for secondhand...

People

The Museum FIT's Couture Council to honor designer Simon Porte Jacquemus

Founder and designer Simon Porte Jacquemus has been named this year's recipient of the 2024 Couture Council Award for Artistry of Fashion from the Couture Council of The Museum at FIT (MFIT). Jacquemus will be honored at the annual luncheon on September 4 at the David H. Koch Theater at Lincoln Center in New York City, an event that signals the...