Corporate/Finance
-
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 Laurel Deppen • Sept. 6, 2024 -
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 -
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 Laurel Deppen • Sept. 5, 2024 -
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 Laurel Deppen • Sept. 5, 2024 -
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 -
Tom Ford names creative director
Haider Ackermann succeeds Peter Hawkings who left the brand in July after more than a decade.
By Laurel Deppen • Sept. 4, 2024 -
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 Laurel Deppen • Sept. 4, 2024 -
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 Laurel Deppen • Sept. 3, 2024 -
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 -
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 -
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 Laurel Deppen • Aug. 28, 2024 -
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 Laurel Deppen • Aug. 28, 2024 -
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 -
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 Lara Ewen • Aug. 27, 2024 -
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 Lara Ewen • Aug. 21, 2024 -
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 Lara Ewen • Aug. 20, 2024 -
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 -
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 -
Wrangler launches Hot Wheels collaboration
The Kontoor-owned brand is positioning the capsule as “nostalgia-driven” following last year’s successful Barbie collection.
By Laurel Deppen • Aug. 19, 2024 -
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 Laurel Deppen • Aug. 16, 2024 -
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 Laurel Deppen • Aug. 15, 2024 -
Deckers sells Sanuk to apparel brand
The footwear brand will become part of Lolë Brands as the athleticwear company eyes portfolio expansion.
By Laurel Deppen • Aug. 15, 2024 -
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 Lara Ewen • Aug. 14, 2024 -
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 -
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 Laurel Deppen • Aug. 14, 2024