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The Latest Breaking News from Neil Saunders

Gap shares surge 24% after Old Navy leadership shake-up, profit forecast raised

Gap shares jumped as much as 24.1% after the retailer named Michael Francis as Old Navy CEO and raised its annual profit forecast. The appointment comes as Old Navy struggles with falling comparable sales, while Gap's other brands gain momentum. Investors are betting on a turnaround at the company's biggest…

The Economic Times

Nike brought back a 32-year veteran to save the $60B brand. Its turnaround is still a ‘long, hard slog’

CEO Elliott Hill has started fixing Nike’s business. Winning back the consumers and cultural cachet it lost could be much harder.

Fortune

Home Depot rolls out nationwide express delivery as shoppers shift to smaller projects

Globally, sales at stores open at least a year—a critical health indicator for retailers—increased 1.7%. Comparable store sales in the U.S. rose 1.3%

The Independent UK

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US stocks: Tapestry forecasts weak annual sales as Kate Spade struggles, shares tumble 15%

Tapestry has reported quarterly profits that surpass expectations despite a forecast of sluggish annual revenue growth. Kate Spade's sales fell by seven percent, in stark contrast to Coach, which saw a robust fourteen percent increase. Meanwhile, growth in North American revenue slowed to seven percent as consumer spending remained cautious.…

The Economic Times

From Uniqlo to Zara, fashion brands embrace clothing repairs to win over Gen Z shoppers

The hands-on response from mass-market retailers, especially fast-fashion chains like Primark, Zara and H&M, has generated interest as well as skepticism

The Independent UK

From Uniqlo to Zara, clothing brands try to win over Gen Z with a needle and thread

Apparel companies are offering repair services and sewing workshops to attract young consumers. These initiatives aim to reduce textile waste and extend garment lifespans. Brands like Levi's and Uniqlo are teaching customers basic mending skills. This trend reflects a growing consumer interest in sustainability and saving money.

The Economic Times

Fashion brands don’t just want to sell you new clothes anymore. They want the second sale, too

Secondhand apparel is on track to hit $393 billion by 2030—and brands no longer want eBay and Poshmark collecting all of it.

Fortune

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Woman Bragging About Avoiding Tipping Triggers a Massive Standoff Over the Future of Service Etiquette

Customers have less disposable income today due to inflated costs for food, energy, and other necessities.

The Mary Sue

Pizza Hut is getting the private equity treatment in a $2.7 billion deal as its owner offloads the brand that defined 1990s dining nostalgia

Yum Brands sold Pizza Hut to private equity firm LongRange Capital and Yum China Holdings Inc. for a combined $2.7 billion deal.

Fortune

Fast-fashion giant Shein to buy eco-friendly Everlane

Chinese fast-fashion giant Shein is acquiring Everlane, which promises affordable ethically sourced and sustainable clothing.

AAP

Chinese fast-fashion juggernaut Shein to buy eco-friendly Everlane in an unlikely fit

Everlane, which bucked the fast-fashion industry by promising affordable ethically sourced and sustainable clothing, is being acquired by the king of fast-fashion, China's Shein

AAP

Shein, the Chinese fast-fashion juggernaut, agrees deal to buy eco-friendly brand Everlane

Everlane had suffered financial struggles of late but its deal with the fast-fashion firm may be ‘somewhat jarring’ for its core customer base

The Independent UK

Target books strongest sales growth in 4 years with customers buying into refreshed lineup

Target, which embarked on a turnaround plan under its new CEO earlier this year, reported the biggest increase for a widely watched measure of quarterly sales in four years

AAP

Secondhand clothes sales forecast to hit $289bn as AI helps shoppers find deals

Sites such as Vinted and ThredUp expected to help resale grow twice as fast as overall clothing market in coming years

The Guardian - UK

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The Independent UK

Starbucks feels the heat as more chains compete for US coffee drinkers

Starbucks revolutionized U.S. coffee culture

Fortune

Amazon is closing its futuristic Go and Fresh stores—showing logistics and tech aren’t enough to make old-school retail work

The e-commerce giant seems unable to nail the brick-and-mortar shopping experience.

Fortune

Target faces new backlash amid Minnesota ICE raids after boycotts over its DEI rollback. But don't blame politics for falling profits, analyst says

Recent events have caused renewed backlash against Target, nearly a year after boycotts began over the company rolling back its diversity, equity, and inclusion initiatives.

The Guardian - US

‘The consumers are still out there’: why a bankruptcy for Saks Global may not spell the end

Just more than a year after the new luxury behemoth was formed, it announced it had filed for chapter 11 bankruptcy

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LiveScience

AI is solving 'impossible' math problems. Can it best the world's top mathematicians?

AI is making gains in solving pure math problems. Can it crack the hardest problems in mathematics?

The Guardian - US

Mall-going but budget-constrained: gen-z shoppers shape the future of retail

Fortune

Home Depot says a deep funk in the housing market is responsible for its sales slump: ‘Our customers are homeowners’

The U.S. housing market is currently experiencing historic stagnation.

Fortune

Hooters CEO says private equity turned it into a 'boys club hangout'—Now he's plotting a family-friendly makeover

“It's a beach-theme restaurant,” Neil Kiefer said.

Fortune

Can Macy’s win back America? How CEO Tony Spring is moving past denial and embracing change

The venerable department store is betting on fewer, better stores—and a cultural reset—to stage a comeback.

The Independent UK

Build-A-Bear continues to rack up market gains, despite tariffs and teetering mall traffic

Tariffs and years of teetering mall traffic have roiled much of the toy industry

The Independent UK

Home Depot stores, long a hub for day laborers, now draw immigration agents out on raids

Home Depot stores in Southern California have long been an informal hub for day laborers in the country both legally and illegally who are seeking work

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