Beginning January 2, 2019, its new NYSE ticker symbol will be CPRI. With the acquisition of Versace, a brand synonymous to Italian glamour, style and fashion industry, Capri now operates three luxury brands -- namely, Versace, Jimmy Choo and Michael Kors with pro-forma revenue of $6 billion and 1,238 stores combined.The Versace addition to Capri’s portfolio, according to analysts, is expected to increase the mix of the company's European revenue to 24% from 18%. According to the terms of the deal, Capri Holdings acquired Versace for a total enterprise value of 1.83 billion euro (or approximately US$ 2.12 billion).

 The Gap is shuttering its Fifth Avenue store in New York, as confirmed by the company. At the beginning of November, Gap had more than 1,000 stores around the world and nearly 800 stores in North America.The closing of the Fifth Avenue store, scheduled for January 20, is only a part of the planned closures of hundreds of Gap stores. According to Gap CEO Art Peck, closing stores could save Gap up to $100 million in profit. In its latest quarter, Gap's sales declined -7% compared to a year ago.

Casual clothing manufacturer, Lululemon Athletica (Nasdaq: LULU), has dropped sharply in the last few months.The good news is that the stock may have found support earlier this week in the $118 area. Looking at the weekly chart we see that the stock shot up back on June 1, moving from $105 to over $122.

Foot Locker, the American sportswear and footwear retailer, revealed its third-quarter results after trading hours along with retailers Target (TGT) and Kohl (KSS).But unlike Target and Kohl, which both disappointed investors, the market welcomed FL’s expectation-beating third-quarter performance and strong pricing power and pushed shares more than 12% higher in after-hours trade. FL reported comparable sales growth of 2.9% in the third-quarter, better than analysts’ estimate of 2%.

Gap Inc. might plan to shut down hundreds of its stores to combat sluggish sales and to improve margins. The clothing retailer has more than 3,000 stores across the globe, out of which the weakest performers in recent times seem to be those of its namesake brand.In the third quarter, sales at Gap stores open for at least 12 months declined -7%, while the company’s Old Navy and Banana Republic store sales growth were still in positive territory. According to a CNBC report, Gap Inc.’s CEO Art Peck said Tuesday evening during a call with analysts that the company is considering to shutter under-performing stores with "with urgency".

After declining more than 50% since hitting its peak in August, Michael Kors is slowly making a comeback as it showed good growth potential following the acquisitions of Jimmy Choo and Versace. After a substantial correction, the stock may be repositioning itself to the street as a long-term play, especially considering its current low valuation.Wells Fargo & Company MN owned 757,582 shares of the lifestyle brand after acquiring an additional 45,592 shares during the period.

The San Francisco-based, iconic American clothing company, Levi Strauss & Co. – known for creating the first pair of blue jeans -- is planning to go public again (according to the report published by CNBC). Looking to raise somewhere between $600 million to $800 million, the company is targeting the first quarter of 2019 to go public. With an aim to debut with a valuation upward of $5 billion, the company hired Goldman Sachs (GS) and J.P. Morgan (JPM) to manage the deal. Net income for the quarter stood at $130 million, representing a growth of 45%.

The 123-year old Henri Bendel brand will soon cease to exist.  Parent company L Brands announced Thursday that it is shuttering down all of Henri Bendel ‘s 23 stores  and closing the brand’s website in in January 2019 to boost profitability, as Bendel struggles with poor sales performance.L Brands now wants to focus on its bigger brands such as Victoria's Secret and Bath & Body Works. The Bendel brand, known for its designer purses and shoes, was founded in 1895 by Henri Bendel, and was acquired by L Brands in 1985.  

The giant activewear company is replacing their Chief Executive Officer (Laurent Potdevin) with the established CEO Calvin McDonald.Lululemon has done an impressive job of becoming a high-end activewear company over the last decade.