Corporate/Finance: Page 18
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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 -
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 Laurel Deppen • Dec. 7, 2023 -
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 -
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 Lara Ewen • Dec. 6, 2023 -
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 -
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 Lara Ewen • Dec. 6, 2023 -
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 Lara Ewen • Dec. 5, 2023 -
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 Laurel Deppen • Dec. 5, 2023 -
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 -
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 Lara Ewen • Dec. 4, 2023 -
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 -
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 Laurel Deppen • Dec. 1, 2023 -
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 Lara Ewen • Dec. 1, 2023 -
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 -
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 Laurel Deppen • Nov. 30, 2023 -
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 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 -
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 Lara Ewen • Nov. 29, 2023 -
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 Laurel Deppen • Nov. 29, 2023 -
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 Lara Ewen • Nov. 28, 2023 -
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 Laurel Deppen • Nov. 28, 2023 -
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 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 Laurel Deppen • Nov. 27, 2023 -
Kohl’s president, COO exits after less than a year
Dave Alves took on the roles this spring.
By Daphne Howland • Nov. 21, 2023 -
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 Laurel Deppen • Nov. 21, 2023 -
Columbia names new president of Sorel brand
Cory Long has previously held management and director roles at DC Shoes, Asics, Supra and Converse.
By Laurel Deppen • Nov. 17, 2023