Corporate/Finance: Page 19
-
Express names Brian Atwood creative director of footwear
The luxury shoe designer will be responsible for women's and statement men's lines, as well as his own imprint.
By Lara Ewen • Aug. 29, 2023 -
Designer Brands President Bill Jordan to exit
Jordan has been with the company in various roles for nearly 18 years and plans to exit by the beginning of December.
By Cara Salpini • Aug. 29, 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 -
Authentic lands partnership for Hunter Boots in China, Southeast Asia
Under the deal, Baozun Inc. acquires a 51% equity interest in the heritage boot brand’s intellectual property across the regions.
By Laurel Deppen • Aug. 28, 2023 -
New Gap Inc. CEO: ‘We need to make these brands matter more’
Further declines in Q2 greeted former Mattel executive Richard Dickson as he took the helm at the apparel conglomerate.
By Daphne Howland • Aug. 28, 2023 -
True Religion gets financial support to fund future operations
The denim brand will use the new term loan and revolving credit to refinance its existing debt and support its long-term business plans.
By Lara Ewen • Aug. 23, 2023 -
Urban Outfitters logs record sales again despite trouble from its namesake brand
The UO brand saw a 14% drop in sales while Anthropologie and Free People saw double-digit growth.
By Laurel Deppen • Aug. 23, 2023 -
Foot Locker sales fall nearly 10% as it weathers ‘tougher than expected’ year
CEO Mary Dillon said the start of the back-to-school season was weaker than expected as lower-income shoppers stay cautious.
By Cara Salpini • Aug. 23, 2023 -
VF Corp. hires former Gap exec for chief people officer
Brent Hyder was most recently with software company Salesforce, but he isn’t new to the apparel sector.
By Laurel Deppen • Aug. 22, 2023 -
Columbia names new senior VP of global distribution
Tom Gyles previously worked in logistics and distribution roles for PVH and Gap.
By Laurel Deppen • Aug. 21, 2023 -
Express plans layoffs, reverse stock split
The apparel retailer, which is cutting 150 jobs, said it continues to take action to improve long-term growth.
By Nate Delesline III • Aug. 18, 2023 -
Tapestry revenues decline in North America
Coach, Tapestry’s largest brand, was the highest performer during the quarter, and it showed a 3% sales increase to $1.2 billion.
By Laurel Deppen • Aug. 17, 2023 -
Deep Dive
What Gap Inc. needs from its new CEO
Next week, longtime Mattel executive Richard Dickson takes the reins of an apparel conglomerate — whose brands all need some help.
By Daphne Howland • Aug. 16, 2023 -
Parade acquired by Ariela & Associates International
The DTC intimates brand has expanded its product categories over the past several months and will operate as a division of Ariela & Associates International.
By Dani James • Aug. 15, 2023 -
On brand’s DTC sales grew faster than wholesale in Q2
The brand’s direct-to-consumer channel increased 54.7% year over year to 163.5 million Swiss francs during the quarter.
By Dani James • Aug. 15, 2023 -
Capri releases soft Q1 earnings as Tapestry’s plan to buy company is revealed
Sales and profits declines took a backseat to the surprise merger announcement Thursday, but gave telling texture to the $8.5 billion deal.
By Lara Ewen • Aug. 11, 2023 -
Ralph Lauren’s earnings remain steady despite 10% decrease in North America
Strong sales in Europe and Asia offset losses, while a 15% retail price increase for DTC channels reflected the company’s continued commitment to brand elevation.
By Lara Ewen • Aug. 11, 2023 -
Hanes reports second quarter sales dip, avoids discussion of Barington letter
Faced with mounting pressure from activist investors, the company said it was reducing inventory and attempting to lower its $3.5 billion debt bill.
By Lara Ewen • Aug. 10, 2023 -
Wolverine Worldwide fires CEO as company reports weak Q2
The shoe and apparel company has moved to strengthen and reorganize its brand portfolio in recent years.
By Nate Delesline III • Aug. 10, 2023 -
Tapestry agrees to buy rival fashion house Capri for $8.5B
The Michael Kors brand has already emerged as a problem to solve at what will be the fourth largest luxury house in the world.
By Daphne Howland • Aug. 10, 2023 -
CFDA touts ‘return to normalcy’ for New York Fashion Week ahead of September shows
In its 2022 annual report the trade association and its charitable arm also reported a revenue increase of more than 50% year-over-year.
By Howard Ruben • Aug. 10, 2023 -
Activist investor presses for Hanes leadership change, underscores billions in debt ahead of earnings
The list of demands signed by Barington CEO James Mitarotonda included a suggestion to replace current Hanes CEO Stephen Bratspies.
By Lara Ewen • Aug. 9, 2023 -
J. Crew taps apparel veteran Adrienne Lazarus to lead Madewell
Most recently Lazarus co-led DTC intimates brand Cuup, and has held leadership roles at Intermix, Ann Taylor, Bandier and Frye.
By Daphne Howland • Aug. 9, 2023 -
Zimmermann sells majority share to Advent
The luxury Australian fashion label will join Lululemon, Orveon and others under the investment firm’s umbrella.
By Lara Ewen • Aug. 8, 2023 -
Under Armour brings on new designers as it looks to improve product offerings
Amid a pivot to athleisure, the brand’s revenue fell 2% in the most recent quarter, due mostly to a 6% decline in wholesale.
By Cara Salpini • Aug. 8, 2023 -
Adidas CEO: Selling Yeezy designs in the future is ‘not part of our strategy’
Bjørn Gulden said that while the company is legally able to do that, “our task now is to limit the damage ... and build a business later without Yeezy.”
By Cara Salpini • Aug. 4, 2023