The nation’s retail associations wasted no time in responding to the White House announcement on Tuesday that it intends to move forward on implementing $50 billion tariffs on goods imported from China.
Gap Inc. on Thursday reported first quarter earnings and same-store sales that missed Street analysts amid a surprising slowdown at its Old Navy brand. Total sales, however, were better than expected.
Ralph Lauren reported better-than-expected results for its fourth quarter amid the company’s ongoing shift to reduce its department store distribution and sell more products at full-price.