Corporate/Finance
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SimonSkafar/E+ via Getty Images
Trade war puts US on ‘precipice’ of recession: Moody’s chief economist
The U.S. economy will likely begin to shrink “unless policy takes a very sharp turn here pretty quickly,” Moody’s Chief Economist Mark Zandi said.
By Jim Tyson • April 24, 2025 -
Atsushi Tomura via Getty Images
Gucci sales nosedive 25% as Kering losses deepen
The luxury conglomerate posted a company-wide revenue decline of 14% in Q1 and announced store closures amid a downturn in both wholesale and retail earnings.
By Lara Ewen • April 24, 2025 -
Ben Montgomery via Getty Images
Shein, Temu to raise prices due to tariff impact
The fast fashion companies didn’t specify the extent of the cost increases, but posted identical notices on their websites.
By Laurel Deppen • April 24, 2025 -
Justin Sullivan via Getty Images
The North Face shoes recalled due to fall risk
More than 15,000 customers that bought the brand’s Shellista V Mid Waterproof boots are eligible for a refund.
By Laurel Deppen • April 23, 2025 -
Kaarin Moore/Fashion Dive
Saks Global to close fulfillment center, cut 450 jobs
The luxury department store joins Kohl’s in being particularly vulnerable to tariffs’ impact on consumer spending, according to Moody’s Ratings analysts.
By Daphne Howland • April 22, 2025 -
Daphne Howland/Fashion Dive
Lovesac taps Crocs veteran as first chief brand and marketing officer
As chief marketing officer at the footwear brand, Heidi Cooley had a digital and social-first approach to driving growth.
By Howard Ruben • April 21, 2025 -
Courtesy of Capezio
Capezio sold after more than a century of family ownership
Argand Partners said it plans to “modernize” the dancewear brand through licensing agreements and product innovation.
By Laurel Deppen • April 21, 2025 -
Pascal Le Segretain via Getty Images
Hermès preps to raise US prices in response to tariffs
The France-based luxury house previously said it expects American customers to remain loyal despite cost increases.
By Laurel Deppen • April 18, 2025 -
Dia Dipasupil via Getty Images
A dozen creative director changes in the first quarter of 2025
As the fashion industry faces tariff pressures and a consumer spending pullback, designer shifts could offer new visions but risk alienating loyal customers.
By Lara Ewen • April 18, 2025 -
Dia Dipasupil via Getty Images
Jonathan Anderson is the next artistic director of Dior Men
The designer fills the role at the LVMH-owned house after an 11-year tenure at Loewe.
By Laurel Deppen • April 17, 2025 -
The image by Gerd Eichmann is licensed under CC BY-SA 4.0
Brunello Cucinelli continues to expect double-digit growth despite tough economy
The Italy-based luxury house saw its first quarter revenue grow 10.5%, with growth across all regions.
By Laurel Deppen • April 17, 2025 -
Forever 21 creditors probe IP sale to Authentic Brands Group
The brand management firm quietly took full ownership of the retailer’s trademarks and intellectual property licenses some time in the last five years.
By Daphne Howland • April 17, 2025 -
Michael M. Santiago/Getty Images via Getty Images
Rent the Runway rethinks customer service approach
Shifting to more proactive service, the team now spends 14% of its time calling customers to build loyalty, according to CEO Jennifer Hyman.
By Bryan Wassel • April 16, 2025 -
Kristy Sparow via Getty Images
LVMH could consider price hikes in wake of tariffs
The Louis Vuitton holding company saw revenue for its fashion and leather goods division fall 4% but cautioned its beauty and spirits division may be more vulnerable to tariffs.
By Laurel Deppen • April 15, 2025 -
Courtesy of Mytheresa
Mytheresa, Richemont deal for YNAP gets regulatory approval
Once the transaction is closed, Mytheresa will operate under a new name.
By Laurel Deppen • April 14, 2025 -
Courtesy of J.C. Penney
J.C. Penney operator axes 9% of corporate roles
The downsizing at Catalyst Brands comes less than two months after 250 corporate employees, or 5% of that workforce, were laid off.
By Daphne Howland • April 14, 2025 -
Justin Sullivan via Getty Images
30% of consumers to stop buying from Shein and Temu if prices rise: report
A survey from Omnisend shows that customers were cutting back their shopping on the platforms even before Trump’s China tariff threats.
By Laurel Deppen • April 11, 2025 -
Pietro S. D’Aprano via Getty Images
Prada to buy Versace for $1.4B
The deal frees up owner Capri Holdings to rebuild its Michael Kors and Jimmy Choo brands following a failed merger with Tapestry.
By Laurel Deppen • April 10, 2025 -
Courtesy of Lyst
Lyst sells for $154M
Japan-based Zozo will buy the company as part of its strategy to expand globally.
By Laurel Deppen • April 10, 2025 -
Andreas Rentz via Getty Images
Puma names new North America president
Tara McRae, formerly the company’s senior vice president of brand and strategy, will succeed Bob Philion, effective immediately.
By Lara Ewen • April 9, 2025 -
VF names chief operating officer as transformation plan continues
Abhishek Dalmia’s promotion is one of several executive changes at the Vans and Timberland owner since CEO Bracken Darrell took over in 2023.
By Laurel Deppen • April 8, 2025 -
Lauren DeCicca via Getty Images
LVMH names 3 new CEOs
The luxury firm shuffled its leadership team, appointing top executives at Fendi, Kenzo and Louis Vuitton.
By Lara Ewen • April 7, 2025 -
Guess to close underperforming stores in North America
The company’s Rag & Bone acquisition is driving revenue increases, but profits plunged in the holiday quarter.
By Daphne Howland • April 7, 2025 -
Eduardo Munoz Alvarez via Getty Images
De minimis shipping from China ending in May, other countries at risk
The White House plans to nix the exemption for other countries once systems are in place to collect duty revenue, with few exceptions.
By Max Garland • April 4, 2025 -
Chip Somodevilla via Getty Images
Deep DiveFashion industry reacts to sweeping tariff changes
Experts say the new policies are likely to raise prices and weaken consumer confidence, and are unlikely to bring U.S. manufacturing back.
By Lara Ewen • April 3, 2025
