AP Wire
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For Giorgio Armani, it was always the clothes. And his clothes all started with the fabrics. While other fashion empires make their money on handbags and footwear, Armani’s appeal has always been in the apparel, the core of his $10 billion empire. After his death Thursday at the age of 91, Armani has been remembered for softening the 1980s power suit, decades of fruitful Hollywood collaborations and as a defining figure of Italian luxury ready-to-wear. But he was also a keen businessman who maintained his independence in an era of consolidation, an innovative communicator and a boss who was in charge of every aspect of his business.

AP Top Story Wire
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Giorgio Armani, the iconic Italian designer, has died at 91, his fashion house confirmed. Armani, known for his understated elegance, missed Milan Fashion Week in June 2025 due to an undisclosed condition. He was planning a major event for his fashion house's 50th anniversary this month. Armani revolutionized Italian ready-to-wear fashion in the late 1970s with his relaxed silhouette. His empire, worth over $10 billion, included clothing, accessories, and more. Armani's influence extended to Hollywood, dressing stars like Richard Gere and Anne Hathaway.

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Walmart is showing it can keep pulling in shoppers and outpacing rivals like Target in an uncertain economic environment.  and tariff concerns to deliver solid second-quarter financial results Thursday, showing it keeps pulling in shoppers and outpacing peers like Target. The nation’s largest retailer delivered solid second-quarter financial results on Thursday. It reported a 4.6% quarterly increase in comparable sales, or those coming from established stores and online channels. Company executives say Walmart is attracting customers with fast deliveries, grocery discounts and trendier clothes. The earnings of the Bentonville, Arkansas, company differed notably from those of Target, which on Wednesday reported another quarter of comparable sales declines.

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Mom's could feed their children while still getting paid under the new plan.