Corporate/Finance: Page 16

  • Allbirds opens store in Flatiron district of New York City.
    Image attribution tooltip
    Courtesy of Allbirds
    Image attribution tooltip

    Allbirds Q3 revenue drops over 21%, forecasts soft holiday season

    The lifestyle brand reported a higher net loss and a decline in gross profit, with one analyst characterizing it as a "disastrous quarter."

    By Dani James • Nov. 10, 2023
  • A person in a red floral skirt is holding aa orange, brown and black handbag with a Coach logo on it.
    Image attribution tooltip
    Donell Woodson via Getty Images
    Image attribution tooltip

    Tapestry reports flat revenue and mild sales growth for Coach ahead of Capri merger

    Kate Spade and Stuart Weitzman saw declines as consumer appetite for high-end goods continues to wane.

    By • Nov. 9, 2023
  • Models in colorful clothes walk the runway during the Pharrell Williams Louis Vuitton Menswear Spring/Summer 2024 show finale as part of Paris Fashion Week. Explore the Trendline➔
    Image attribution tooltip
    Aurelien Meunier via Getty Images
    Image attribution tooltip
    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
  • A headshot of a person with a full beard, with their head covered by a white hoodie.
    Image attribution tooltip
    Courtesy of Adidas
    Image attribution tooltip

    Yeezy brings in $375M for Adidas in Q3, as overall net sales fall 6.4%

    The company is undecided about how to handle remaining stock from a collaboration it nixed a year ago over problematic behavior from Ye.

    By Daphne Howland • Nov. 9, 2023
  • A Timberland boot is shown on a store display, focused on the logo on its heel.
    Image attribution tooltip
    Matthew Eisman/Getty Images for Pandora Media via Getty Images
    Image attribution tooltip

    Timberland global brand president to step down

    Susie Mulder is leaving the VF Corp.-owned brand after two and a half years.

    By • Nov. 9, 2023
  • A Crocs storefront
    Image attribution tooltip
    "Crocs International Mall" by Phillip Pessar is licensed under CC BY 2.0
    Image attribution tooltip

    Crocs tightens inventory control, including in ‘gray market’ channels

    The company stopped price matching with unauthorized sellers on Amazon and took corrective action against a distributor diverting to the U.S. without permission.

    By Ben Unglesbee • Nov. 8, 2023
  • Designer Ralph Lauren, with white hair, wears a tweed jacket and a cowhide vest as he stands on the runway flanked by crowds and lifts his hands in thanks.
    Image attribution tooltip
    Mike Coppola via Getty Images
    Image attribution tooltip

    Ralph Lauren revenue up slightly as North American declines slow

    The company also reported strong sales in Asia, with China up 20% and the region up 10% overall.

    By • Nov. 8, 2023
  • Steve Madden branded high-heel shoes are pictured.
    Image attribution tooltip
    Giulio Marcocchi/Getty Images via Getty Images
    Image attribution tooltip

    Steve Madden reports flat revenue, decreases full-year outlook

    The company, which experienced wholesale challenges this year, recently added a new apparel brand to its portfolio.

    By • Nov. 8, 2023
  • Lea Rytz Goodman poses for a professional headshot in black and white.
    Image attribution tooltip
    Courtesy of PVH Corp.
    Image attribution tooltip

    PVH Corp. names new global brand president of Tommy Hilfiger

    Lea Rytz Goldman, previously with H&M and COS, will take over the role in spring succeeding Avery Baker.

    By • Nov. 8, 2023
  • Nike shoes are shown in a retail store display.
    Image attribution tooltip
    Scott Olson/Getty Images via Getty Images
    Image attribution tooltip

    Nike launches patent infringement complaint against Skechers, New Balance

    The patents in question concern Nike’s Flyknit upper technology.

    By • Nov. 7, 2023
  • Three models wearing pieces from the Wrangler x Barbie collection.
    Image attribution tooltip
    Courtesy of Wrangler x Mattel
    Image attribution tooltip

    Kontoor Brands Q3 revenue rises 8%, supported by its best-selling Barbie collection

    Both its Wrangler and Lee Jeans brands have invested heavily in collabs and attracted newer, younger customers as a result.

    By • Nov. 6, 2023
  • Models are seen wearing Thom Browne clothing during a runway show.
    Image attribution tooltip
    Thierry Chesnot/Getty Images via Getty Images
    Image attribution tooltip

    Thom Browne opposes Adidas’ request for new trial in U.S. trademark case

    The two companies have disputed a stripe design in courts in the U.S. and the U.K. since 2021.

    By • Nov. 6, 2023
  • A stellar constellation in the night sky, imagined in the iconic shape of a Crocs shoe.
    Image attribution tooltip
    Courtesy of Crocs
    Image attribution tooltip

    Crocs tops $1B in Q3 revenue, but HeyDude continues to drag

    Executives warned the holiday quarter could be rough for its DTC brand, with sales down as much as 25%, but said they still believe in its potential.

    By Daphne Howland • Nov. 3, 2023
  • A model, Naomi Campbell, sits in front of a gray draped background wearing a dark gray flannel womenswear suit and coat, and stares at the camera with a slight smile.
    Image attribution tooltip
    Retrieved from Hugo Boss on November 02, 2023
    Image attribution tooltip

    Hugo Boss group sales grow to $1.09B

    The increase was driven by strong sales in the U.S. and a boost in its digital channels.

    By • Nov. 2, 2023
  • Models wear sandals and spring outfits on the runway at the Miu Miu spring-summer 2024 show during Paris Fashion Week in October 2023.
    Image attribution tooltip
    Retrieved from Prada Group on October 31, 2023
    Image attribution tooltip

    Prada Group revenues up 12% despite weak sales in the Americas

    Miu Miu retail sales were up 49% for the first nine months of the year, and the Prada brand saw a 13% increase for the period.

    By • Oct. 31, 2023
  • A person wearing Rhone's commuter shirt.
    Image attribution tooltip
    Courtesy of Rhone
    Image attribution tooltip

    L Catterton sells stake in men’s apparel brand Rhone

    The brand closed on a round of financing through a special purpose vehicle fund that allowed it to buy out the private equity firm’s minority stake.

    By Howard Ruben • Oct. 31, 2023
  • A group of women's shoes, Vans, are displayed in a store.
    Image attribution tooltip
    Angela Weiss/Getty Images for Vans via Getty Images
    Image attribution tooltip

    VF Corp. launches transformation program as some of its key brands falter

    Vans remains a pain point for the apparel conglomerate, and the company will appoint a new president for the brand as part of its refresh efforts.

    By • Oct. 31, 2023
  • The Sorel logo is seen reflected in a window, which shows the skyline of New York City.
    Image attribution tooltip
    Eugene Gologursky/Getty Images for New York Magazine via Getty Images
    Image attribution tooltip

    Columbia reports $985.7M in Q3 sales, lowers full-year guidance

    The company’s namesake brand led sales, while its prAna brand is undergoing a “reset.”

    By • Oct. 30, 2023
  • A Shein store is pictured, with a rack of clothes on display.
    Image attribution tooltip
    Courtesy of Shein
    Image attribution tooltip

    Shein acquires Missguided from Frasers Group

    The deal boosts Shein’s presence in the U.K., where analysts predict it could achieve 2.2% market share in 2023.

    By • Updated Oct. 30, 2023
  • A person is holding a phone displaying the Temu app, where a red dress is sold.
    Image attribution tooltip

    Screenshot: Temu

    Image attribution tooltip

    Shein and Temu agree to dismiss legal fights

    The fast fashion rivals had been involved in two cases centered on copyright and antitrust laws.

    By • Oct. 30, 2023
  • skechers
    Image attribution tooltip
    Courtesy of Business Wire
    Image attribution tooltip

    Skechers logs $2B in Q3 sales, domestic wholesale flat

    The footwear giant hopes that after a “difficult year” for wholesale, next year may offer growth for the segment.  

    By • Oct. 27, 2023
  • A model is pictured wearing a Balenciaga leather coat.
    Image attribution tooltip
    Courtesy of Gozen
    Image attribution tooltip

    Biomaterials startup lands $3.3M in funding to boost production of its leather alternative

    Gozen, which recently debuted its material with Balenciaga, is seeking to scale its production with a new facility.

    By • Oct. 26, 2023
  • A person walks in front of a Michael Kors storefront.
    Image attribution tooltip
    Scott Olson/Getty Images via Getty Images
    Image attribution tooltip

    Capri shareholders approve sale to Tapestry

    The merger agreement, first announced in August, was authorized during a special meeting of shareholders.

    By , • Oct. 26, 2023
  • A close-up of models as they walk the runway wearing neutral tones of brown during the Saint Laurent Womenswear spring-summer 2024 show as part of Paris Fashion Week.
    Image attribution tooltip
    Francois Durand via Getty Images
    Image attribution tooltip

    Kering revenue drops 13% in Q3 as global luxury sales falter

    Almost all the firm’s fashion brands saw double-digit declines as its retail and wholesale numbers also fell.

    By • Oct. 25, 2023
  • Signage reading "Vans" adorns a light-colored building with curved windows. A leafy tree branch peeks out from the left.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Former Nike exec Trevor Edwards joins VF Corp.’s board

    Edwards, once seen as stepping into the CEO role at the athletic gear powerhouse, left five years ago as questions swirled about its work culture.

    By Daphne Howland • Oct. 25, 2023
  • Closeup of model faces in sunglasses and suiting as they walk the runway for the Zegna menswear fashion show in Milan.
    Image attribution tooltip
    Pietro S. D'Aprano via Getty Images
    Image attribution tooltip

    Zegna Group Q3 revenue up 20.8% with strong DTC sales

    U.S. sales showed a robust 47.8% growth, which the company partly attributed to its newly added Tom Ford fashion segment.

    By • Oct. 24, 2023