The Latest
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Vince Holding Corp. sells majority stake to P180, former CEO returns
Brendan Hoffman, formerly of Wolverine World Wide, is returning to the top spot at Vince after holding the role from 2015 to 2020.
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Trump eyes 10% China tariff hike by Feb. 1
The president floated a similar timeline for 25% tariffs on Canada and Mexico.
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Ralph Lauren announces executive changes
Bob Ranftl has been promoted to chief operating officer, with a former Cartier exec succeeding him as regional CEO for North America.
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Shein launches charitable foundation
The nonprofit’s first donation was a $5.2 million grant to the Africa Collect Textiles Foundation.
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Trump orders trade review ahead of potential tariffs
Federal agencies have until April 1 to give recommendations on trade pacts with Mexico, Canada and China.
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VF Corp. announces further layoffs
The company said the move, which follows a previously announced 242-person workforce reduction, was connected to its turnaround strategy.
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China says PVH engaged in ‘improper’ behavior related to cotton sourcing
An ongoing investigation will determine if the Calvin Klein and Tommy Hilfiger parent company should be added to China’s Unreliable Entity list.
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How American Eagle’s CMO avoids AI’s ‘generic creative’ trap
At NRF’s Big Show, Craig Brommers addressed mounting production demands but said delegating more work to AI is a “scary” prospect.
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Lanvin Group CEO steps down amid leadership changes
Former top executive Eric Chan will transition into a board position, while Andy Lew, CEO of St. John Knits, will helm a second company headquarters in Europe.
Updated Jan. 17, 2025 -
Nike tops StockX sneaker sales in 2024
Other popular brands on the online resale platform included Supreme, Fear of God, Ugg, Crocs and Timberland, with many brands maintaining their previous rankings.
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Pacsun’s TikTok marketing won over Gen Z. What’s next amid ban anxiety?
At NRF, CEO Brieane Olson was optimistic that TikTok’s model could be replicated elsewhere in the case of a shutdown but feared for creators.
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Richemont posts record Q3 sales, led by jewelry division
The luxury firm saw a 10% uptick in the quarter, with fashion and accessories also showing double-digit growth.
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Deep Dive
5 fashion industry trends to watch in 2025
Sourcing and sustainability challenges will hit home as luxury and corporate shifts reshape the global fashion landscape.
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Filson names VF Corp., Eddie Bauer alum as new president
Tim Bantle joins the Bedrock Manufacturing Company-owned brand as it looks to expand into new markets.
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ASAP Rocky, a Burberry scarf and the ‘road back to authenticity’
CEO Joshua Schulman’s turnaround plan focuses on the outerwear and scarf categories — and it might be working.
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Spanx adds new activewear collection
The line, called Spanxsmooth OnForm, features light compression and is designed for low-intensity exercise and casual dressing.
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Kim Kardashian was the top US fashion influencer in 2024
More than half of consumers are likely to be swayed to purchase a product because of an influencer, Traackr said in a report.
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Authentic Brands Group names president
The company has tapped Matt Maddox, former CEO of hotel and casino company Wynn Resorts, to lead the company’s global brand growth.
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Anthropologie launches resortwear line
The Urban Outfitters Inc.-owned brand is positioning its new label as a response to increased consumer interest in travel.
Updated Jan. 15, 2025 -
Brunello Cucinelli reports strong earnings amid larger luxury decline
The company’s year-over-year sales were up double digits in the Americas and Asia in fiscal 2024, with revenue projected to climb 10% over the next two years.
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Apparel, accessories and footwear spending fell 3% in 2024: report
The fast fashion and luxury categories underperformed during the year, according to Consumer Edge, while thrift and consignment maintained growth.
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Industry leaders react to ILA-USMX port deal
Supply chain organizations expressed relief over the agreement, which averted a strike.
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Luxury market growth will be minimal until at least 2027: report
A new study from McKinsey indicates that jewelry and leather goods will see the most growth, with the U.S. outpacing the rest of the world in luxury spending.
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Perfect Moment seeks global expansion through agency partnerships
The luxury ski brand is working to grow its international wholesale presence as it faces a potential delisting from the New York Stock Exchange.
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Former Boden, Net-a-Porter creative director moves into activewear
Sustainable fitness brand Tala has appointed Jon Wetherell to the top design role ahead of plans to expand the business internationally.