Bloomberg US retail stocks have been wildly volatile for years. Now that turbulence is spreading to their close cousins, apparel stocks. Name a major company in the sector and chances are it’s posted an eye-catching tumble—or in some instances, gain—at some point this year. Coach plunged 15 percent one day last week. Michael Kors soared 22 percent in early August, …

Bloomberg Macy’s Inc. rose after naming former eBay Inc. Senior Vice President Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department-store giant. Lawton, who starts on September 8, will be responsible for the Macy’s brand, including merchandising, marketing, stores and operations, the company. He inherits the post from Jeff Gennette, who took …

Bloomberg Oil pared gains after the American Petroleum Institute unexpectedly reported higher inventories of US gasoline and diesel last week, even as crude supplies declined. The API estimated that stockpiles of gasoline rose 1.4 million barrels last week and diesel expanded 2.05 million, according to people familiar with the data, which is only disclosed to members. That would be a …