Steve Madden Q1 revenue grows 19%

The company’s wholesale segment was aided in part by last year’s acquisition of Almost Famous.

By Laurel Deppen • May 1, 2024

Royalty fees squeeze Vince margins

The company is targeting more than $30 million in savings in part to offset the new cost of licensing its own brand from Authentic Brands Group.

By Daphne Howland • May 1, 2024

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Top 5 stories from Fashion Dive

Fashion faced its share of shakeups in the first half of 2024, but few industries are more adept at reinvention or more suited to change.

By Fashion Dive staff

Lanvin Group forecasts growth amid uncertain economy

In confirming its fiscal 2023 revenue, the company’s new chairman Zhen Huang expressed optimism about its profitability goals.

By Lara Ewen • April 30, 2024

Ted Baker says North America bankruptcy due in part to failures by Authentic’s Europe and UK operators

The retailer said in court documents that suppliers were not paid, leading to shipment delays, order cancellations and merchandise shortages.

By Lara Ewen • Updated 6 hours ago

Columbia continues ‘growth acceleration strategies’ as net sales fall 6%

The Q1 results come after the sportswear company, which owns Sorel, prAna and Mountain Hardwear, warned that 2024 would be challenging.

By Laurel Deppen • April 29, 2024

Reformation reports spike in direct emissions, misses 2023 carbon intensity target

The apparel company known for pioneering sustainable practices said it aims to slash its scope 1 and 2 emissions by 42% by 2030, compared to a 2021 baseline.

By Zoya Mirza • April 29, 2024

Skechers logs record Q1 sales amid wholesale revival

The company expects revenue to increase by up to 11% for the fiscal year, which an analyst called “a pleasant surprise.”

By Laurel Deppen • April 26, 2024

Hermès revenue resilient despite widespread luxury downturn

Earnings were up 13% in Q1, with strong global sales and increased demand for leather goods, jewelry, home and fashion and accessories.

By Lara Ewen • April 26, 2024

The turnaround of Abercrombie & Fitch is finally here

S&P Global Ratings on Tuesday upgraded the apparel retailer, not just on its better-than-expected 2023 performance but also its strong momentum.

By Daphne Howland • April 25, 2024

Miu Miu’s popularity helps Prada Group revenue grow 11% in Q1

Retail sales for the brand were up 89%, reinforcing its continued consumer appeal against a wider backdrop of luxury sector challenges.

By Lara Ewen • April 24, 2024

Kering forecasts recurring operating income decline of up to 45% in H1

Gucci revenue dropped double-digits in the first quarter of 2024, which its parent company blamed on “ongoing normalization” in the luxury sector.

By Lara Ewen • April 24, 2024

Zegna Group revenue up 8.1% in Q1

Thom Browne revenue fell more than 30% due to DTC challenges in China, wholesale streamlining and updated delivery timing.

By Lara Ewen • April 23, 2024

Gildan to replace 5 members of its board ahead of annual meeting

The move is a tactic by the activewear company to show it’s compromising in the midst of a proxy battle, an analyst said.

By Laurel Deppen • April 23, 2024

Second phase of Nike layoffs to hit Oregon headquarters this summer

After the job cuts, effective June 28, about 740 employees will have been impacted in the athleticwear brand’s home state.

By Cara Salpini • April 23, 2024

FTC sues to block Tapestry’s $8.5B acquisition of Capri Holdings

The commission alleges the deal prevents competition between brands at both companies and gives Tapestry a dominant share of the “accessible luxury” handbag market.

By Lara Ewen • April 22, 2024

EssilorLuxottica growth slows in Q1 as North America revenue lags

The luxury eyewear company saw modest gains, but noted that strong earnings in 2023 made comparisons challenging.

By Lara Ewen • April 19, 2024

New Gildan CEO announces strategic plan, preliminary Q1 revenue

The activewear company, which is weighing potential sale bids in the midst of a proxy battle, expects a 1% revenue decline.

By Laurel Deppen • April 18, 2024

Adidas raises guidance for the year as Yeezy leftovers keep on giving

But the sneaker giant is building momentum beyond the now-discontinued sub-brand, and CEO Bjørn Gulden’s turnaround seems to be taking hold.

By Daphne Howland • April 18, 2024

LVMH revenue falls 2% in Q1

The company’s fashion and leather goods division was down year over year following record-breaking profits in fiscal 2023.

By Lara Ewen • April 17, 2024

Crocs shrinking shoes lawsuit to move forward

The footwear company had asked the court to dismiss a class action lawsuit that accused it of false advertising and misrepresentation.

By Laurel Deppen • April 17, 2024

Dr. Martens CEO to step down amid ‘challenging’ fiscal year outlook

Kenny Wilson will be succeeded by Ije Nwokorie, the footwear company’s chief brand officer.

By Laurel Deppen • April 16, 2024

Urban Outfitters granted favorable verdict in trade secrets legal fight

Now-defunct rental service Le Tote, which considered a sale to the fashion giant, said the Nuuly owner violated unfair competition rules.

By Laurel Deppen • April 15, 2024

Levi’s taps Burberry veteran to lead DTC push

Gianluca Flore, who has also had leadership roles at Kering and Bottega Veneta, will oversee all of the denim brand’s selling channels globally.

By Daphne Howland • April 15, 2024

Rent the Runway turns to resale, advertising in renewed growth push

The apparel rental service beat expectations in Q4 and struck a note of confidence, saying its restructuring earlier this year wasn’t just about cuts.

By Daphne Howland • April 12, 2024

Gucci appoints deputy CEO

In the newly created role, Stefano Cantino will report to Jean-François Palus, who was named president and CEO in 2023.

By Laurel Deppen • April 12, 2024