Corporate/Finance

  • A closeup of purple Converse hightop shoes in a store display in a box.
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip

    G-III lands licensing deal for Converse apparel

    The addition of the Nike-owned brand offers the company an opportunity to reach a “differentiated consumer,” its CEO said.

    By • Sept. 6, 2024
  • Pedestrians enter a storefront.
    Image attribution tooltip
    Ethan Swope via Getty Images
    Image attribution tooltip

    Birkenstock program members spend 25% more than other consumers

    The footwear company is looking to expand its brick-and-mortar footprint and grow its online membership to create lifelong customers.

    By Kristen Doerer • Updated Sept. 5, 2024
  • Models walk the runway wearing items from Tommy Hilfiger.
    Image attribution tooltip
    JP Yim via Getty Images
    Image attribution tooltip

    PVH Corp. appoints new CEO of EMEA

    Fredrik Olsson joins the Calvin Klein and Tommy Hilfiger parent company after leading Dubai-based Max Fashion.

    By • Sept. 5, 2024
  • An empty room ahead of a New York Fashion Week show.
    Image attribution tooltip
    Brian Ach/Getty Images for IMG via Getty Images
    Image attribution tooltip

    New York’s fashion economy is ‘at a crossroads’: report

    Ahead of New York Fashion Week, a coalition of local businesses is calling on industry and government leaders to invest in the region’s fashion future.

    By • Sept. 5, 2024
  • A red sign with a white logo and the words "under armour" in white capital letters hangs from an iron post.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Under Armour seeks savings from streamlined supply chain strategy

    The sportswear company is primarily focused on enhancing cross-channel capabilities and end-to-end planning.

    By Kelly Stroh • Sept. 5, 2024
  • Haider Ackermann stands for a professional headshot in black and white.
    Image attribution tooltip
    Courtesy of Tom Ford
    Image attribution tooltip

    Tom Ford names creative director

    Haider Ackermann succeeds Peter Hawkings who left the brand in July after more than a decade.

    By • Sept. 4, 2024
  • The signage on a Burberry storefront is pictured in a closeup, with two Burberry flags on either side.
    Image attribution tooltip
    Carl Court via Getty Images
    Image attribution tooltip

    Burberry names chief marketing officer and president of Americas

    Jonathan Kiman and Laura Dubin-Wander, previously of Gucci and OTB North America, respectively, are the first leadership changes under Burberry’s new CEO.

    By • Sept. 4, 2024
  • Clare Waight Keller stands for a professional headshot wearing an oversized suit set.
    Image attribution tooltip
    Courtesy of Uniqlo
    Image attribution tooltip

    Uniqlo names Clare Waight Keller creative director

    The designer, who held top creative roles at luxury fashion houses Givenchy and Chloé, will lead the Fast Retailing-owned brand’s mainline collection and menswear.

    By • Sept. 3, 2024
  • A person with white wired headphones and a white bag stands outside a clothing store.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    A slowing women’s business is hurting Lululemon’s growth

    While CEO Calvin McDonald said the Breezethrough leggings debacle had a “negligible impact” on its sales, the brand continues to suffer from other merchandise misses.

    By Cara Salpini • Sept. 3, 2024
  • A UPS driver makes a delivery on June 30, 2023 in Miami, Florida.
    Image attribution tooltip
    Joe Raedle via Getty Images
    Image attribution tooltip
    Deep Dive

    Temu and Shein packages are flooding delivery networks. Will the surge persist?

    Parcel carriers are counting on the e-commerce companies to adapt to any potential de minimis changes, as many have come to rely on the added volume.

    By Max Garland • Aug. 30, 2024
  • A Calvin Klein sign hangs outside a Calvin Klein outlet store.
    Image attribution tooltip
    Laurel Deppen/Fashion Dive
    Image attribution tooltip

    PVH revenue falls 6% as it rethinks sales strategy in Europe

    The Calvin Klein and Tommy Hilfiger parent company is still planning to reach $12.5 billion in annual revenue by next year.

    By • Aug. 28, 2024
  • A photo illustration of the Temu app on a phone next to the Temu logo. The Temu logo is orange with icons representing a dress, toy horse, shoe and purse.
    Image attribution tooltip
    Justin Sullivan via Getty Images
    Image attribution tooltip

    Temu accused of sending unsolicited marketing texts in class action lawsuit

    The fast fashion giant allegedly sent messages to consumers who had opted out of them.

    By • Aug. 28, 2024
  • Adidas store in Shanghai
    Image attribution tooltip
    Courtesy of Adidas
    Image attribution tooltip

    Adidas opts to avoid China in US product sourcing

    The athleticwear brand is leaning on more localized supply chains to improve its speed and agility.

    By Kelly Stroh • Aug. 27, 2024
  • High-heeled shoes on display underneath a sign that reads Sergio Rossi.
    Image attribution tooltip
    Vittorio Zunino Celotto via Getty Images
    Image attribution tooltip

    Lanvin Group pummeled by luxury sector troubles

    Revenue dropped 20%, which the company attributed declines to “global market softness” and challenges in the wholesale market.

    By • Aug. 27, 2024
  • A person in a black dress stands and smiles at the camera.
    Image attribution tooltip
    Courtesy of Universal Standard
    Image attribution tooltip
    Q&A

    Universal Standard’s CEO talks inclusivity, legacy and brand-building

    As Polina Veksler expands her business, she also wants to push the fashion industry to be more size inclusive.

    By • Aug. 21, 2024
  • Four white sneakers with contrasting dark stripes are posed on a tri-tone background.
    Image attribution tooltip
    Courtesy of Unified Commerce Group
    Image attribution tooltip

    Steve Madden sells Greats to Unified Commerce Group

    The upscale sneaker label will join apparel brands Frank And Oak and Spiritual Gangster on the growing retail platform.

    By • Aug. 20, 2024
  • Image attribution tooltip
    "Guess Jeans Label" by Mike Mozart is licensed under CC BY 2.0
    Image attribution tooltip

    Guess CFO resigns after one year

    The finance chief’s abrupt departure comes on the heels of the apparel manufacturer’s deal earlier this year to buy the trendy fashion brand Rag & Bone.

    By Maura Webber Sadovi • Aug. 20, 2024
  • A person wearing a dark suit, light blue shirt and light pink necktie.
    Image attribution tooltip
    Noam Galai via Getty Images
    Image attribution tooltip

    Fabrizio Freda prepares to step down as Estée Lauder CEO

    Freda has been at the helm for 16 years and will exit in the midst of a turnaround that has entailed layoffs and other leadership change.

    By Daphne Howland • Aug. 19, 2024
  • Two people stand back to back in front of a purple sky backdrop. They are wearing heavily logoed Hot Wheels and Wrangler shirts.
    Image attribution tooltip
    Courtesy of Wrangler
    Image attribution tooltip

    Wrangler launches Hot Wheels collaboration

    The Kontoor-owned brand is positioning the capsule as “nostalgia-driven” following last year’s successful Barbie collection.

    By • Aug. 19, 2024
  • A person finds a T-shirt from a Goodwill outlet bin and holds it up to examine it. Next to the person is a cart filled with other clothing items.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    Goodwill launches secondhand textile traceability study

    The new effort follows a two-year pilot program in which the nonprofit found that about 60% of the studied material was recyclable through existing tech.

    By • Aug. 16, 2024
  • A close up of a Kate Spade New York sign hanging above a store front.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    Tapestry sales fall amid decreasing revenue at Kate Spade, Stuart Weitzman

    The Coach brand remained flat, while its owner still looks to close its acquisition of rival firm Capri by the end of the calendar year.  

    By • Aug. 15, 2024
  • A close up of a store display of Sanuk shoes. Individual shoes in patterns such as polka dots and stripes are pictured next to each other.
    Image attribution tooltip
    Angela Weiss via Getty Images
    Image attribution tooltip

    Deckers sells Sanuk to apparel brand

    The footwear brand will become part of Lolë Brands as the athleticwear company eyes portfolio expansion.

    By • Aug. 15, 2024
  • A person holds a tablet and looks at clothing.
    Image attribution tooltip
    Courtesy of Trove
    Image attribution tooltip

    Trove acquires competing resale platform Recurate

    The company will oversee 44 partner labels and control up to 80% of branded resale traffic as a result of the deal.

    By • Aug. 14, 2024
  • ThredUp warehouse, packaging.
    Image attribution tooltip
    Courtesy of ThredUp
    Image attribution tooltip

    ThredUp to exit Europe

    The secondhand apparel company is also exploring strategic alternatives for Remix. Meanwhile, it reported a drop of nearly 4% in revenue in Q2.

    By Kaarin Vembar • Aug. 14, 2024
  • A person is seen holding a phone with the Temu app. They are viewing a shirt.
    Image attribution tooltip

    Screenshot: Temu

    Image attribution tooltip

    Temu beats out Amazon for budget-conscious consumers: report

    Survey data found that shoppers who purchased from both e-commerce giants think Temu is cheaper but Amazon is more convenient.

    By • Aug. 14, 2024