A fast-growing U.K. outdoor clothing and equipment clothing is expanding its global footprint in the U.S. via a deal to acquire bankrupt Eastern Mountain Sports.
Lululemon Athletica Inc. lowered its full-year guidance and posted its first sales miss in more than two years as the company was challenged by product missteps and slowing growth at home.
Gap, Inc. maintained momentum during during its second quarter with better-than-expected earnings and revenue, led by another strong performance at Old Navy.