Corporate/Finance: Page 18


  • Five pieces of clothing, with a cardboard box to the right that says "Stitch Fix."
    Image attribution tooltip
    Courtesy of Stitch Fix
    Image attribution tooltip

    Stitch Fix sales and customer count decline further, but loss narrows

    The apparel box e-retailer kept a grip on expenses and is making major operational changes to boost sales and profits, executives said Tuesday.

    By Daphne Howland • Dec. 7, 2023
  • A model wears black and sits outdoors on a concrete step.
    Image attribution tooltip
    Courtesy of American Exchange Group
    Image attribution tooltip

    Aerosoles inks licensing deal for apparel

    The footwear brand, owned by American Exchange Group, said the deal with Maze Collections will further diversify its portfolio.

    By Dec. 7, 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
  • Models line the runway wearing colorful suits during a Zegna fashion show.
    Image attribution tooltip
    Pietro S. D'Aprano via Getty Images
    Image attribution tooltip

    Zegna plans for 10% company-wide growth and cash surplus

    Tom Ford Fashion is expected to grow revenues by more than 10%, and the Thom Browne brand is expected to see high-teens growth and streamlined wholesale.

    By Dec. 6, 2023
  • A black "Lululemon" sign features the red and white brand logo and white lettering, hanging in front of a leafy tree.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Can Lululemon maintain its momentum?

    Ahead of the brand’s Q3 report this week, Wells Fargo analysts downgraded their stock outlook, while other analysts raised their price targets.

    By Daphne Howland • Dec. 6, 2023
  • Interior image shows the sales floor of a DSW store.
    Image attribution tooltip
    Retrieved from Designer Brands on December 05, 2023
    Image attribution tooltip

    Designer Brands Q3 sales drop 9.1% as DTC numbers lag

    This represents the third consecutive quarter of high single-digit sales decreases for the company, which has also undergone a series of executive changes and layoffs this year.

    By Dec. 6, 2023
  • A person wearing a brown suede jacket sits and stares into the camera.
    Image attribution tooltip
    Permission granted by Rochas
    Image attribution tooltip

    Rochas appoints new ready-to-wear creative director

    The Interparfums-owned French luxury house gave the job to Alessandro Vigilante, following the March departure of Charles de Vilmorin.

    By Dec. 5, 2023
  • Dana Perlman smiles for a professional headshot against a white backdrop.
    Image attribution tooltip
    Courtesy of PVH Corp.
    Image attribution tooltip

    G-III names former PVH exec as chief growth and operations officer, reports flat sales

    The apparel conglomerate appointed Dana Perlman to the newly created role and adjusted earnings guidance for its 2024 fiscal year.

    By Dec. 5, 2023
  • A Guess retail banner hangs under an awning.
    Image attribution tooltip
    "Guess" by saturnism is licensed under CC BY 2.0
    Image attribution tooltip

    Guess walks inventory tightrope while retail buyers stay ‘very careful’ on purchasing

    The apparel company has been cautious in its buying while trying to meet the needs of department stores and others who seek agility to meet demand. 

    By Ben Unglesbee • Dec. 5, 2023
  • A person wearing a white shirt, white t-shirt and black baseball cap leans against a white background smiling.
    Image attribution tooltip
    Permission granted by Tod's Group
    Image attribution tooltip

    Tod’s Group names new creative director

    Matteo Tamburini will be responsible for both womenswear and menswear. He succeeds Walter Chiapponi, who left the role in September.

    By Dec. 4, 2023
  • Two people wearing casual Lacoste and Bandier branded tennis athleisure apparel pose outdoors.
    Image attribution tooltip
    Retrieved from Lacoste on August 16, 2023
    Image attribution tooltip

    Activewear brand Bandier seeks buyer for IP, assets

    After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.

    By Dani James • Dec. 4, 2023
  • A Shein store is pictured, with a rack of clothes on display.
    Image attribution tooltip
    Courtesy of Shein
    Image attribution tooltip

    Shein’s IPO and its quest for legitimacy: analysts weigh in

    A public offering from the fast fashion giant could provide capital opportunities in the mainstream market amid competition from the discount e-commerce sector.

    By Dec. 1, 2023
  • A closeup of the feet of a person wear a pair of Champion brand sneakers in a red, black and white colorway.
    Image attribution tooltip
    Retrieved from Champion on December 01, 2023
    Image attribution tooltip

    HanesBrands names new global vice president, chief marketing officer at Champion

    The company has appointed former Canada Goose exec Richard Mcleod to spearhead strategy and positioning for the struggling athleticwear brand.

    By Dec. 1, 2023
  • A closeup of a white "Vans" sign, below a red-trimmed window, reflecting a blue-gray sky.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    VF Corp lays off 500 salaried employees amid turnaround

    The job cuts come weeks after an activist investor demanded the conglomerate slash $300 million in expenses.

    By Daphne Howland • Dec. 1, 2023
  • Window display of denim-clad mannequins wearing Tommy Hilfiger clothing.
    Image attribution tooltip
    Keith Tsuji via Getty Images
    Image attribution tooltip

    PVH reports increased earnings, but predicts a revenue slide in Q4

    While the company is seeing success in positioning the Tommy Hilfiger and Calvin Klein brands for growth, an analyst warns the company still has a long way to go.

    By Nov. 30, 2023
  • A Vince storefront in the Melrose area of Los Angeles, California.
    Image attribution tooltip
    Cara Salpini/Fashion Dive
    Image attribution tooltip

    Ralph Lauren veteran takes CFO job at Vince

    John Szczepanski takes on a role that has had significant turnover in recent months, as the struggling brand embarks on a turnaround.

    By Daphne Howland • Nov. 30, 2023
  • Saks will lay off 90 employees next year and end operations at a Wilkes-Barre, Pennsylvania, fulfillment center, pictured here.
    Image attribution tooltip

    Retrieved from Google on Nov. 21, 2023.

    Image attribution tooltip

    Saks to lay off 90 at Pennsylvania fulfillment center

    The cuts are slated to begin in January as the e-commerce retailer shifts volume to more advanced facilities.

    By Max Garland • Nov. 29, 2023
  • Neon signs and mannequins on display at an evening event for the company Farfetch.
    Image attribution tooltip
    Rachel Murray via Getty Images
    Image attribution tooltip

    Farfetch calls off Q3 2023 earnings announcement

    The results report was canceled the day before it was scheduled to occur and there is speculation that the company is planning to go private.

    By Nov. 29, 2023
  • Alice Temperley, of Temperley London, walks on a runway and is met with applause.
    Image attribution tooltip
    Eamonn M. McCormack/Getty Images via Getty Images
    Image attribution tooltip

    Temperley London sells majority stake to Dubai-based investment firm

    The British luxury house’s namesake Alice Temperley will stay on as creative director while the brand looks to launch bags, shoes and ready-to-wear.

    By Nov. 29, 2023
  • A closeup of a person with Gucci shopping bag in the twilight on a street in Rome, Italy.
    Image attribution tooltip
    Franco Origlia via Getty Images
    Image attribution tooltip

    Gucci staff in Rome strike to protest relocation plans

    The move would shift the Kering-owned house’s design studio from Rome to Milan and affect a reported 153 out of 219 employees.

    By Nov. 28, 2023
  • Picture of Shein office lobby.
    Image attribution tooltip
    Courtesy of Shein
    Image attribution tooltip

    Shein reportedly files for IPO

    The fast fashion giant had reportedly been eyeing the move all year, against a backdrop of scrutiny from U.S. lawmakers over its supply chain practices.

    By Nov. 28, 2023
  • Storefront of Abercrombie & Fitch in a mall. Store windows on the left and right have mannequins wearing long pants and shirts.
    Image attribution tooltip
    Courtesy of Abercrombie & Fitch
    Image attribution tooltip

    Abercrombie & Fitch sales jump 20% in Q3

    The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.

    By Nate Delesline III • Nov. 28, 2023
  • Golden Goose sneakers in bright colors are pictured on a store display.
    Image attribution tooltip
    Ryan Emberley/Getty Images for Golden Goose via Getty Images
    Image attribution tooltip

    Golden Goose asks court to dismiss New Balance’s ‘dad shoe’ infringement complaint

    The streetwear brand claims the athleticwear giant failed to allege its rights in the complaint over the Dad-Star sneaker.

    By Nov. 27, 2023
  • A leafy green bush sits in front of a reddish brick store against a bright blue sky, with the name Kohl's in white block letters.
    Image attribution tooltip
    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
    Image attribution tooltip

    Kohl’s president, COO exits after less than a year

    Dave Alves took on the roles this spring.

    By Daphne Howland • Nov. 21, 2023
  • A Billabong store is pictured while people walk in front of it.
    Image attribution tooltip
    Spencer Platt/Getty Images via Getty Images
    Image attribution tooltip

    Authentic inks licensing deal for Quiksilver, Billabong, Roxy kids apparel

    Centric brands will handle the design, manufacturing and distribution in the U.S. and Canada.

    By Nov. 21, 2023
  • Cory Long poses for a professional headshot in black and white.
    Image attribution tooltip
    Courtesy of Columbia Sportswear
    Image attribution tooltip

    Columbia names new president of Sorel brand

    Cory Long has previously held management and director roles at DC Shoes, Asics, Supra and Converse.

    By Nov. 17, 2023