Corporate/Finance: Page 10

  • A model with blonde shoulder-length hair wears a navy coat and walks on a runway as other models follow. Spectators watch in the dark on the side.
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    Burberry profits fall by more than a third in 2024

    The London-based luxury house had an especially challenging fourth quarter with overall revenue for the year falling 4%.

    By • Updated July 15, 2024
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    Stock via Getty Images
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    Q&A

    Regulations could improve ESG in fashion, but Worldly exec says it’s not enough

    James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.

    By • May 15, 2024
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    Trendline

    Top 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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    Slaven Vlasic via Getty Images
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    Tory Burch gets a new North America president

    Former Clarins executive Christophe de Pous will join two additional leadership hires as the company expands its global presence.

    By • May 14, 2024
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    Caroline Jansen/Fashion Dive
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    Allbirds revenue plummets 28% in Q1 as CEO says the brand is ‘executing with urgency’

    Joe Vernachio said the retailer shuttered three stores in the quarter and is on track with its planned closures, which will amount to 10 to 15 this year.

    By Cara Salpini • May 13, 2024
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    Vittorio Zunino Celotto via Getty Images
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    Salvatore Ferragamo revenue drops more than 18%

    The decline was attributed to poor DTC performance in China and Korea as well as weak global wholesale.

    By • May 13, 2024
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    Vittorio Zunino Celotto via Getty Images
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    Aeffe revenue down 14% in Q1

    The company is repositioning its Moschino brand following the January appointment of creative director Adrian Appiolaza.

    By • May 10, 2024
  • Gap Store at Hillcrest Mall
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    "Gap in Hillcrest Mall" by Raysonho @ Open Grid Scheduler / Scalable Grid Engine is licensed under CC BY 1.0
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    Gap names new global CMO amid push to revitalize brand

    Fabiola Torres joins the retailer from PepsiCo and was lauded for her ability to connect with globally diverse consumers.

    By Peter Adams • May 10, 2024
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    Arturo Holmes via Getty Images
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    Tapestry Q3 sales down as smaller brands continue to struggle

    Against the backdrop of an FTC lawsuit, Coach sales were flat, and Kate Spade and Stuart Weitzman continued to decline.

    By • May 9, 2024
  • An aerial view of the HanesBrands headquarters building in North Carolina.
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    Courtesy of HanesBrands
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    Champion remains a drag on HanesBrands’ earnings

    Global sales for the activewear brand fell 26% in the first quarter, as the company considers selling it off.

    By • May 9, 2024
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    Carl Court via Getty Images
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    EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply

    Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.

    By Zoya Mirza • May 9, 2024
  • Person wearing HeyDude shoes stands on the grass.
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    Courtesy of HeyDude X Foot Locker
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    Heydude still a drag on Crocs in Q1

    Former Ulta exec Susan Healey has been appointed chief financial officer, replacing Anne Mehlman, now Crocs brand chief.

    By Daphne Howland • May 8, 2024
  • Two mannequins are seen on display in a Sweaty Betty store window.
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    Ben Pruchnie/Getty Images via Getty Images
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    Wolverine World Wide names new CFO, reports 34% revenue decline

    Despite the revenue dip, the Merrell owner said results were better than expected as it continues restructuring plan.

    By • May 8, 2024
  • Colin Browne is seen in a professional headshot.
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    Courtesy of Cascale
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    Cascale’s new CEO is approaching the role as a mission

    Colin Browne, most recently of Under Armour, was appointed shortly after the nonprofit coalition's rebrand.

    By • May 7, 2024
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    Pablo Cuadra/Getty Images via Getty Images
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    Adidas’ request for new trial in Thom Browne stripes lawsuit denied

    The athleticwear company and the Zegna-owned brand have been involved in various legal disputes since 2021.

    By • May 6, 2024
  • A view of a hologram of model Gisele Bündchen in from of the London Bridge.
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    Dan Kitwood via Getty Images
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    Hugo Boss momentum slows following record growth

    The company's sales were up in the first quarter but have stalled considerably since last year.

    By • May 6, 2024
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    Pietro S. D'Aprano via Getty Images
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    Stefano Rosso named Marni CEO

    The executive will retain his position as chairman of Maison Margiela, board member of the OTB Group and CEO of Brave Virtual Xperience.

    By • May 3, 2024
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    Courtesy of Gap Inc.
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    Banana Republic’s CEO is out

    Sandra Stangl arrived in 2020 and oversaw the addition of home goods, her forte, at a tough time for the category.

    By Daphne Howland • May 3, 2024
  • An image of the Cotopaxi logo, taken inside the San Francisco, California retail store on April 29, 2024.
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    Edwin Lopez/Fashion Dive
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    How Cotopaxi navigated remediation of a tier 1 supplier

    The outdoor apparel and accessories brand chose remediation over removal to avoid exacerbating negative worker impacts, an executive said.

    By S.L. Fuller • May 2, 2024
  • Several pairs of Wrangler jeans are folded in half and placed next to each other.
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    Courtesy of Wrangler
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    Kontoor sees Q1 revenue fall, updates outlook

    Despite the decline, the Wrangler and Lee parent company said the results were stronger than expected.

    By • May 2, 2024
  • Two pairs of shoes are pictured up close in a store display.
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    Romain Maurice/Getty Images for Life By Style Collective via Getty Images
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    Steve Madden Q1 revenue grows 19%

    The company’s wholesale segment was aided in part by last year’s acquisition of Almost Famous.

    By • May 1, 2024
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    Daphne Howland/Fashion Dive
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    Royalty fees squeeze Vince margins

    The company is targeting more than $30 million in savings in part to offset the new cost of licensing its own brand from Authentic Brands Group.

    By Daphne Howland • May 1, 2024
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    Vittorio Zunino Celotto via Getty Images
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    Lanvin Group forecasts growth amid uncertain economy

    In confirming its fiscal 2023 revenue, the company’s new chairman Zhen Huang expressed optimism about its profitability goals.

    By • April 30, 2024
  • The interior of a Ted Baker store in New York City shows wooden floors and clothing on racks.
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    Astrid Stawiarz via Getty Images
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    Ted Baker says North America bankruptcy due in part to failures by Authentic’s Europe and UK operators

    The retailer said in court documents that suppliers were not paid, leading to shipment delays, order cancellations and merchandise shortages.

    By • Updated May 1, 2024
  • A closeup of a person wearing a pair of fur-trimmed boots.
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    Juan Naharro Gimenez via Getty Images
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    Columbia continues ‘growth acceleration strategies’ as net sales fall 6%

    The Q1 results come after the sportswear company, which owns Sorel, prAna and Mountain Hardwear, warned that 2024 would be challenging.

    By • April 29, 2024
  • A tailor works at a sewing machine, reusing fabric from old denim clothes.
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    Natalia Khimich via Getty Images
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    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