American clothing retailer owned by Gap Inc.
Doris Fisher, co-founder of Gap, has died at 94. The company has grown from a San Francisco jeans-and-record shop to a global retailer with brands including Gap, Banana Republic and Old Navy, generating about $15 billion in annual sales. Fisher shaped Gap’s culture with simple design, fair pay and philanthropy.
Fresh data show China’s May retail sales stalled while investment contracts widen, signaling a slowdown in domestic demand. Yet exports are proving resilient thanks to AI-related demand and renewables, and industrial output edges higher, painting a nuanced picture of a faltering domestic economy still buoyed by external demand.
Primark plans two new 30,000-square-foot stores in Willowbrook Mall (Houston area) and Castleton Square Mall (Indianapolis), marking its Midwest/Midsouth growth as it continues U.S. expansion. The openings follow a New York City flagship and broaden Primark’s footprint while mall redevelopments reshape anchor spaces.