Ralph Lauren’s Q3 revenue up after positive holiday sales

North America wholesale dropped 15%, but the brand continued to grow its DTC business as global sales in that category increased 9%.

By Lara Ewen • Feb. 9, 2024

Under Armour CEO on sportstyle pivot: ‘We’re not trying to be anything other than authentically Under Armour’

Stephanie Linnartz talked about the evolution of the company's product offering as revenue fell 6%.

By Cara Salpini • Feb. 9, 2024

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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

Coach leads Tapestry to Q2 revenue increase in fiscal 2024, but other brands lag

The Kate Spade and Stuart Weitzman brands saw revenue declines for the period.

By Laurel Deppen • Feb. 8, 2024

Kering revenue drops 4% for fiscal 2023

All of the luxury conglomerate’s fashion houses saw 8% declines in Q4 and low-single-digit declines for the year.

By Lara Ewen • Feb. 8, 2024

Simon Property Group trims stake in Forever 21, Brooks Brothers brand-management firm Authentic

The mall REIT is unwinding some of its investment into the retail business, which CEO David Simon has acknowledged is more volatile than real estate.

By Daphne Howland • Feb. 8, 2024

VF launches strategic review of brand assets, CFO steps down

The company’s largest brands saw Q3 double-digit revenue declines, while overall company revenue dipped 16% for the period.

By Laurel Deppen • Feb. 7, 2024

Farfetch noteholders ask court to liquidate holding company

The group requested for independent liquidators to take control of the company and investigate “the circumstances of its apparent rapid and unexplained failure.”

By Laurel Deppen • Feb. 7, 2024

Zac Posen is Gap Inc.’s latest hire in a long line

The designer, known for his women’s dresses, joins a team tasked with “brand reinvigoration and greater cultural relevance,” the company said.

By Daphne Howland • Feb. 6, 2024

Deckers names new CEO as Q3 sales tick up 16%

Stefano Caroti, who most recently was the company’s chief commercial officer, also led Hoka in the interim and spent over a decade at Nike.

By Tatiana Walk-Morris • Feb. 6, 2024

New Macy’s CEO Tony Spring takes over

Spring, who stepped into the role on Sunday, faces several challenges, including a take-private offer and changes to the department store’s fleet.

By Nate Delesline III • Feb. 5, 2024

Columbia braces for challenging 2024 as net sales rise 1% in fiscal 2023

The company projected a net sales decline of between 2% and 4% against a background of "economic and geopolitical uncertainty."

By Lara Ewen • Feb. 2, 2024

Skechers logs record $8B in annual sales, but wholesale remains a pain point

 After retailers cut back on inventory levels last year, the footwear giant's CFO said he expects things to turn around in 2024.

By Laurel Deppen • Feb. 2, 2024

Adidas plans to sell the rest of its Yeezy inventory ‘at least at cost’ this year

The company, which originally toyed with the idea of writing off all leftover merchandise from the failed partnership, has instead sold it off piece by piece.

By Cara Salpini • Feb. 2, 2024

Zegna’s revenue grew 27.6% for fiscal 2023

The Thom Browne owner saw double-digit growth in all geographic regions.

By Laurel Deppen • Feb. 1, 2024

H&M Group CEO is out

Helena Helmersson unexpectedly stepped down after four years at the helm, replaced by Daniel Ervér, chief of the company’s namesake brand.

By Daphne Howland • Feb. 1, 2024

Coupang completes acquisition of Farfetch

The $500 million deal, initially announced in December, was threatened last week by Farfetch bond holders seeking to recover their investment in the luxury e-commerce firm.

By Lara Ewen • Jan. 31, 2024

EU rejects Adidas’ claim against Thom Browne in ongoing battle over stripe graphic

The decision is the latest in a series of disputes between the companies over the design.

By Laurel Deppen • Jan. 31, 2024

Moschino appoints Adrian Appiolaza to creative director role

The designer will oversee the label’s women’s, men’s and accessories collections. He fills a position that has been empty since the November death of Davide Renne.

By Lara Ewen • Jan. 30, 2024

REI to lay off 357, including 200 at corporate headquarters

The move is the company’s third round of layoffs in less than 12 months.

By Nate Delesline III • Jan. 30, 2024

Gildan moves to block shareholder special meeting

The activewear firm is filing an application with a Canada court to nullify Browning West LP’s attempt to reinstate former CEO Glenn Chamandy.

By Laurel Deppen • Jan. 30, 2024

Farfetch deal with Coupang threatened by ad hoc investor group

The noteholders, who collectively hold more than half of the luxury e-commerce platform’s 2027 bonds, say they’re seeking options that would allow them to recover their funds.

By Lara Ewen • Updated Jan. 30, 2024

Victoria’s Secret-backed lingerie and apparel brand sues Shein

For Love & Lemons says the fast fashion giant violated copyrighted designs, prints and graphics.

By Laurel Deppen • Jan. 29, 2024

LVMH posts record profits and 86.2B euros in revenue for 2023

The company’s strong fourth quarter revenue in fashion and leather goods helped ease luxury sector slowdown concerns.

By Lara Ewen • Jan. 26, 2024

Aeffe reports 9.5% revenue slump

The Moschino owner is eyeing its retail division as an opportunity for growth.

By Laurel Deppen • Jan. 26, 2024

Fruit of the Loom lays off more than 100 workers at distribution center

The innerwear and activewear manufacturer is closing one of its locations in South Carolina.

By Laurel Deppen • Updated Jan. 25, 2024