Brands: Page 15
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Natalia Khimich via Getty Images
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 -
Photo by Spencer Platt/Getty Images via Getty Images
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 -
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Aurelien Meunier via Getty Images
TrendlineTop 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 -
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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 -
Courtesy of Forever 21
Forever 21 unveils first bridal capsule collection
The fast fashion company is the most recent retailer to expand its product assortment into the wedding category.
By Tatiana Walk-Morris • April 26, 2024 -
Spencer Platt/Getty Images via Getty Images
FTC lawsuit on Tapestry’s merger with Capri could have wider implications
The complaint demonstrates the agency’s recent crackdown on “serial acquisitions,” a practice that has become more common across industries.
By Laurel Deppen • April 25, 2024 -
Brian Ach via Getty Images
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 -
Victor Boyko via Getty Images
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 -
Courtesy of Allbirds
Allbirds unveils Tree Runner Go sneaker as it refocuses on core products
The shoe features improvements to the original design and comes after the successful launch of the Wool Runner 2.
By Suzette Parmley • April 24, 2024 -
Vittorio Zunino Celotto via Getty Images
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 -
Courtesy of Nike
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 -
Drew Angerer via Getty Images
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 -
Courtesy of Eileen Fisher
Eileen Fisher hosts inaugural resale e-commerce ‘Earth Day Takeover’
The company’s Renew program directed online shoppers toward pre-worn garments rather than new ones as part of a larger take-back initiative.
By Lara Ewen • April 22, 2024 -
Courtesy of Lululemon
Athleisure is top dog in the teen closet: Here’s what the numbers say
Nike remains the top clothing brand for teens but is losing mindshare.
By Sara Karlovitch • April 22, 2024 -
Courtesy of Nuuly
Nuuly releases capsule collection made from its retired inventory
The 10-piece line was created in collaboration with Zero Waste Daniel, a designer known for making items from pre-consumer waste.
By Laurel Deppen • April 19, 2024 -
Courtesy of Asics
Asics creates a circular shoe, returns program
The sporting goods company designed a shoe ready to undergo recycling at the end of its use.
By Xanayra Marin-Lopez • April 19, 2024 -
Rick Diamond/WireImage via Getty Images
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 -
Courtesy of Adidas
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 -
Kristy Sparow via Getty Images
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 -
Courtesy of Flexport
Shein taps Flexport as logistics partner for US marketplace
The arrangement allows orders made through the fast fashion giant to activate logistics processes with the freight forwarder.
By Max Garland • April 17, 2024 -
Cate Gillon/Getty Images via Getty Images
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 -
Courtesy of Knot Standard
Billy Reid acquires Knot Standard’s DTC business
As part of the deal, the fashion brand will take over the DTC brand’s stores and start using its AI-based made-to-measure software in all its locations.
By Cara Salpini • April 16, 2024 -
Gareth Cattermole/Getty Images via Getty Images
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 -
Joe Raedle via Getty Images
Aspirational luxury customers spend $274B a year on fashion: report
Consumers who spend a moderate amount generate half of total luxury brand revenue across seven countries, according to a McKinsey report.
By Lara Ewen • April 15, 2024 -
Justin Sullivan/Getty Images via Getty Images
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 -
Daphne Howland/Fashion Dive
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
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