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  • A model carries a brown leather Hermès Kelly bag while walking down a runway.
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    Pascal Le Segretain via Getty Images
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    Hermès contradicts luxury sector downturn with double-digit revenue growth

    Strong performance in the leather goods division led to Q3 upticks in every region, despite a slowdown in parts of Asia.

  • A model in a dark red top walks down stairs.
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    Tristan Fewings via Getty Images
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    Kering projects a 47% operating income drop in 2024

    Declines at Gucci and Yves Saint Laurent in the third quarter were offset slightly by an uptick at Bottega Veneta, but the company’s overall downward trend persisted.

  • A Shein building is seen across a parking lot, with an American flag to its side.
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    jetcityimage via Getty Images
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    Shein launches its first credit card

    The fast fashion giant is partnering with Mexico-based fintech company Stori to introduce the card, which is supported by Mastercard.

  • A handbag from Miu Miu is held by a pair of gloved hands against a yellow beaded skirt.
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    Victor Boyko via Getty Images
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    Miu Miu is the world’s hottest brand again, although luxury’s power is slipping: report

    The Q3 Lyst Index revealed a new roster of contemporary and premium brands vying for a place in high-end closets.

  • Marketing image of three cell phones showing features of Zara Pre-Owned, which includes garment repair, resale and donation.
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    Courtesy of Zara
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    Zara launches repair, resale and donation services in the US

    The Inditex-owned company is positioning the program as a step toward its goal of achieving carbon neutral emissions by 2040.

  • A person waves her arms in the air as confetti falls on a runway.
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    Dimitrios Kambouris via Getty Images
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    Victoria’s Secret Fashion Show promised equity, provided entertainment

    After a six-year hiatus, the live event returned with new models, runway veterans and plenty of confetti.

  • The FBI seal
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    Chip Somodevilla via Getty Images
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    Ex-Abercrombie CEO Mike Jeffries arrested on sex trafficking, prostitution charges

    Federal prosecutors say Jeffries leveraged his position at the apparel retailer, including promising men modeling jobs, to further the alleged crimes.

  • Three handbags are displayed on a wooden rope swing as smoke swirls in the backround.
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    Samir Hussein via Getty Images
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    Mulberry’s board joins majority shareholder in rejecting Frasers acquisition bid

    This was the minority shareholder’s latest offer to acquire the shares it did not already own in the luxury company.

  • Large spools of Gen Phoenix's fiber material in its factory.
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    Courtesy of Gen Phoenix
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    Gen Phoenix creates 2 new executive roles

    The recycled leather company named a chief revenue officer and a chief strategy officer as it works to expand its market reach.

  • Models stand in a line on a darkened runway.
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    Pietro S. D'Aprano via Getty Images
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    Thom Browne pulls Zegna Group Q3 revenue down 8%

    Luxury sector challenges hit all the company’s brands, including Tom Ford Fashion and its namesake label.

  • Megan Thee Stallion in a True Religion ad
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    Courtesy of True Religion
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    True Religion enlists Megan Thee Stallion to tap into hip-hop culture

    The rapper is “hotter than hot right now” and makes the holiday campaign a “milestone moment” for the brand, according to CMO Kristen D’Arcy.

  • Two handbags, Louis Vuitton and Chanel, are pictured next to each other in product shots.
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    Courtesy of Fashionphile
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    Narrow, horizontal silhouette handbags are 2024’s ‘it’ bag: report

    Luxury resale platform Fashionphile released its top selling handbags and accessories and predicted future trends.

  • A fulfillment center in Ohio with freight container docked at the warehouse loading doors.
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    Courtesy of Maersk
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    Levi Strauss taps Maersk for fulfillment and logistics

    The logistics provider opened an omnichannel facility in Ohio to service Levi’s wholesale, retail and e-commerce channels.

  • Models talk together wearing items from the Museum of Modern Art's collection with Champion.
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    Courtesy of Museum of Modern Art
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    Champion releases collab with the MoMA Design Store

    The collection includes hoodies, shirts and jackets inspired by the athleticwear brand’s archives.

    Updated Oct. 23, 2024
  • An arm clutches a Sway polybag containing a garment. Writing printed on the bag reads "This bag is made with seaweed."
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    Permission granted by Sway
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    Sway scaling compostable seaweed-based polybags with fashion brands

    Prana, Faherty and other brands will begin using the bags to package items like shirts and shorts. California-based material innovation startup Sway says the next applications it’s eyeing include mailers and multilayer packaging.

    Updated Oct. 25, 2024
  • Close up of sunglasses on a store display. Shoppers browse.
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    Jemal Countess via Getty Images
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    EssilorLuxottica sees slight revenue increase as it looks to solidify its position in med-tech

    The Ray-Ban owner’s partnership with tech giant Meta for wearables was one of its “strongest drivers of the quarter.”

  • A factory with rows of Bangladeshi garment workers behind their sewing machines working on fashion garments
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    Allison Joyce / Stringer via Getty Images
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    Deep Dive

    Why apparel companies embrace supplier scorecards

    The tool can help build more transparent sourcing relationships and better measure supply chain metrics.

  • Models walk on a patchwork runway with the words Louis Vuitton Paris in the bacground.
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    Francois Durand via Getty Images
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    LVMH continues to be hit by luxury sector challenges

    Fashion and leather goods revenue was down 6% for the third quarter due in part to softening demand throughout Asia.

  • Models walk the runway wearing used items during EBay's Pre-Loved Fashion Week.
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    Tristan Fewings/Getty Images for eBay UK via Getty Images
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    EBay expands fashion circularity fund with $1.2M investment

    Startups and small businesses can apply for financing to launch services like apparel rental and repair.

  • Kanye West stands in front of Adidas and Yeezy logo.
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    Jonathan Leibson via Getty Images
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    Adidas momentum continues with 7% sales growth

    Preliminary results for the third quarter also showed that, excluding Yeezy sales from this year and last, currency-neutral revenue surged 14%.

  • Models walk the runway against a white backdrop.
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    Vittorio Zunino Celotto via Getty Images
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    Ferragamo predicts more revenue declines in 2024

    After reporting a 9.6% year-over-year drop in Q3, the luxury company’s CEO said he expects the downward trend to continue.

  • A person strides down the runway as an audience applauds from the sidelines.
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    Alessandro Levati via Getty Images
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    Lorenzo Serafini named creative director of Alberta Ferretti

    The former Ferretti diffusion line designer replaces the brand’s founder, who stepped down from her role in September after 24 years.

  • A model wearing a denim jumpsuit stands in front of a rack of clothing.
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    Courtesy of Guess
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    Guess launches recycling initiative with SuperCircle

    The program, called Guess Again, allows customers to mail in textiles of any brand.

  • Models walk down a salon-style runway wearing muted neutral colors and coats.
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    Courtesy of Altuzarra
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    Altuzarra and P180 to launch online rental

    The brand is partnering with a firm co-founded by former Wolverine CEO Brendan Hoffman to change the way consumers engage with luxury fashion.

  • An aerial view of a marine terminal full with ocean containers in Baltimore.
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    Anna Moneymaker via Getty Images
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    The ILA strike is over. What should shippers prioritize now?

    While the strike was short-lived, it could take weeks to clear cargo backlogs and bring ports back to normal operations.