Accsry News Today

Gap Inc said on Thursday it would cut about 1,800 jobs in a second round of layoffs, joining a set of big U.S. companies that are downsizing in earnest as high inflation eats into consumer wallets.

Coach handbag maker Tapestry Inc forecast annual revenue and profit above estimates after posting better-than-expected results on Thursday, expecting vaccine-aided reopening of economies to boost demand for designer apparel and purses.

The Shanghai Half Marathon, scheduled for Sunday, has scrapped plans to provide runners with Adidas-branded T-shirts, according to messages sent to participants, as the German firm remains under pressure in China over comments it made on cotton from the country's western Xinjiang region.