The Latest
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Asics continues to lead resale as holiday season approaches: report
Running shoes, retro silhouettes and upstart brands are giving stalwarts including Nike and Adidas a run for their money, according to online trading platform StockX.
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S&P downgrades VF due to declining revenue at key brands
A report questioned the Vans owner’s competitive edge, adding that turnaround efforts could take a while.
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Deep Dive
‘Merry and bright’: How marketers are evolving for ambitious holiday shoppers
Amid record spending intentions by shoppers, holiday marketing campaigns reflect more diverse media mixes and experiments with artificial intelligence.
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Lee launches collab with Alpha Industries
The eight-piece collection is designed to add a modern edge to classic styles from both brands.
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Aeffe sees profit boost following sale of Moschino beauty
While revenue fell nearly 18% over the first nine months of 2024, the company expects an internal reorganization to have a positive effect moving forward.
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Only 16% of global companies on track for 2050 net-zero goals: Accenture
“The fact that so few of the G2000 companies are on track to reach net-zero emissions is alarming,” the director of shareholder advocacy at Trillium Asset Management said.
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Tapestry and Capri terminate merger agreement
After losing a lawsuit against the FTC, both companies agreed to cancel the deal, calling the legal process “uncertain and unlikely to be resolved.”
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5 ways the election will impact fashion
Once a new administration is in place, policy shifts and legislative changes may have wide-ranging impacts on the industry, both at home and abroad.
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Burberry plans a strategic shift as profits nosedive
The company’s H1 revenue fell 22%, but CEO Joshua Schulman said the brand was working to course correct and return to its original purpose.
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Trump’s tariffs: How manufacturers can prepare
Frontloading commodity imports could be a temporary solution, but diversified sourcing will be critical long term, experts say.
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Phillip Lim announces departure from eponymous label
The creative director and co-founder of 3.1 Phillip Lim is stepping down after almost 20 years, calling his tenure “an adventure of a lifetime.”
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Shein will continue to face RICO charges in copyright infringement lawsuit
A federal judge denied the fast fashion giant’s request to dismiss racketeering claims.
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Luxury customers optimistic and ready to shop for the 2024 holidays: report
A new report from Saks Luxury Pulse shows high-end consumers undaunted by the sector’s slump and willing to spend on themselves and others this year.
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Steve Madden to slash China sourcing as tariff concerns escalate
The fashion brand is among several companies looking to limit their exposure to President-elect Donald Trump's promised tariff hikes.
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Temu business practices infringe on EU consumer laws, according to a new probe
The fast fashion company was accused of pressure selling, offering fake discounts and forcing shoppers to interact with gamified tactics.
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Fashion revenue will be sluggish but stable in 2025: report
Luxury will continue to lose ground as non-luxury fashion drives economic growth, while resale expansion and e-commerce challenges continue to impact the industry.
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With latest investment, Vuori’s valuation hits $5.5B
An $825 million infusion led by General Atlantic and Stripes will fortify the athleisure brand’s already formidable challenge to market leader Lululemon.
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Steve Madden continues to see boost from Almost Famous acquisition
The company’s wholesale division has benefited in the year since the deal, particularly in accessories and apparel.
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Richemont struggles continue as first half operating profits fall 17%
Sharp declines in the company’s watch division were slightly offset by single-digit gains elsewhere, but losses in China continued to weigh on revenue.
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StockX co-founder to take over as CEO amid declines in sneaker resale
Greg Schwartz, who has been the company’s chief operating officer since its 2016 launch, will replace Scott Cutler, an early investor.
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Capri revenue falls sharply as hopes of a Tapestry merger dim
Jimmy Choo saw single-digit growth, while the company attributed second quarter declines at Versace and Michael Kors to soft luxury demand.
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HanesBrands expects to return to revenue growth in Q4
Following the sale of Champion, the company is looking to distinguish itself as a focused innerwear business, and some analysts think it’s working.
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Ralph Lauren sees 6% revenue boost, driven by strong retail sales
The company increased its average unit retail price by 10% and raised its full-year fiscal 2025 outlook.
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Tapestry logs better-than-expected net sales, driven by Coach
The Kate Spade and Stuart Weitzman owner said it wouldn’t pursue more mergers in the near term if its Capri Holdings acquisition failed.
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Wolverine World Wide losses narrow as fiscal 2024 outlook improves
CEO Chris Hufnagel said Saucony outpaced company forecasts despite a 10% drop in Q3 revenue at the brand.