Corporate/Finance: Page 17

  • A model wearing a black spiked headdress, jeweled gloves and a full-skirted lavender dress walks down a darkened runway.
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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
  • A person walks across a stage holding a red balloon and wearing a trench coat.
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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
  • European Union flags are pictured outside the European Commission building.
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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
  • A closeup of a person's shoes, black Adidas sneakers.
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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
  • A model on a fashion runway holds a large, colorful patchwork back with a round handle.
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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
  • The interior of a store features mannequins to the left, a rack of clothes in the middle, a large plant to the right, and furniture in the middle.
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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
  • A person and mannequins stand inside a store, seen through the store window.
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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
  • A model in a hood stands against a yellow lit wall.
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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
  • A person is seen looking at a wall of Skechers shoes in a store.
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    Photo by Spencer Platt/Getty Images via Getty Images
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    Skechers logs record Q1 sales amid wholesale revival

    The company expects revenue to increase by up to 11% for the fiscal year, which an analyst called “a pleasant surprise.”

    By • April 26, 2024
  • The interior of an Hermès store.
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    Bryan Bedder via Getty Images
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    Hermès revenue resilient despite widespread luxury downturn

    Earnings were up 13% in Q1, with strong global sales and increased demand for leather goods, jewelry, home and fashion and accessories.

    By • April 26, 2024
  • Storefront of Abercrombie & Fitch in a mall. Store windows on the left and right have mannequins wearing long pants and shirts.
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    Courtesy of Abercrombie & Fitch
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    The turnaround of Abercrombie & Fitch is finally here

    S&P Global Ratings on Tuesday upgraded the apparel retailer, not just on its better-than-expected 2023 performance but also its strong momentum.

    By Daphne Howland • April 25, 2024
  • Outside view of a Miu Miu store at night.
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    Brian Ach via Getty Images
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    Miu Miu’s popularity helps Prada Group revenue grow 11% in Q1

    Retail sales for the brand were up 89%, reinforcing its continued consumer appeal against a wider backdrop of luxury sector challenges.

    By • April 24, 2024
  • Models walk on a runway in an airy atelier.
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    Victor Boyko via Getty Images
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    Kering forecasts recurring operating income decline of up to 45% in H1

    Gucci revenue dropped double-digits in the first quarter of 2024, which its parent company blamed on “ongoing normalization” in the luxury sector.

    By • April 24, 2024