Gap Inc. reported second quarter sales and earnings that beat the Street, but its namesake division didn’t benefit from the overall positive retail climate.
In a surprising move, Lowe’s Cos. will shutter its Orchard Supply Hardware division — closing all 99 stores — in order to focus on its core home improvement warehouse model.
Urban Outfitters reported second-quarter sales and earnings that topped Wall Street expectations, led by the strong performance of its Free People and namesake banners and fewer markdowns.