BusinessMember
Gap Q2 sales remain flat, led by three largest brands
US-based retailer Gap Inc. reported flat net sales for the second quarter to August 2, 2025, amounting to 3.7 billion dollars. Comparable sales were up 1 percent year-over-year (YoY), reflecting the sixth consecutive quarter of positive growth. Store sales saw a 1 percent decrease, while online sales rose 3 percent and accounted for 34 percent...
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BusinessMember
Ssense seeks bankruptcy protection to block creditor-led sale
Canadian e-commerce platform Ssense has filed for bankruptcy protection. The company is said to be submitting an application under Canada’s Companies’ Creditors Arrangement Act (CCAA), according to reports from several media outlets, including Vogue Business and The Business of Fashion (BOF) on Thursday. The CCAA is a federal law comparable to...
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