Corporate/Finance: Page 19

  • A Burberry window installation as seen from an angle.
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    Jared Siskin via Getty Images
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    Burberry profit drops 18%, joining other companies in a luxury slump

    While revenues were up 4%, an 8% drop in wholesale and a 9% sales decline in the Americas has hurt the company’s overall outlook.

    By • Nov. 16, 2023
  • Amina Razvi speaks at a podium on a stage.
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    Courtesy of Sustainable Apparel Coalition
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    Sustainable Apparel Coalition CEO to step down

    Amina Razvi will leave the nonprofit coalition of fashion industry brands in December.

    By • Nov. 16, 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➔
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    Aurelien Meunier via Getty Images
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    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
  • The Nike "swoosh" on the side of a building, with another building seen behind it.
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    Daphne Howland/Fashion Dive
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    Amid another leadership shakeup, Nike hires ex-Amazon Fashion chief

    Muge Erdirik Dogan spent 16 years at the e-commerce giant, leading the apparel business for three. Her hire is just one of a slew of changes Nike announced.

    By Daphne Howland • Nov. 16, 2023
  • Warmly lit exterior image of On's Miami store
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    Courtesy of On
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    On’s net sales jump 46.5% in Q3 as it plans to slow wholesale expansion

    The athletics brand saw DTC net sales increase 54.6% and raised its full-year outlook again to project an annual growth rate of over 46%.

    By Dani James • Nov. 15, 2023
  • People walk past a Skechers storefront.
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    Spencer Platt/Getty Images via Getty Images
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    Skechers settles patent dispute with nonslip shoe maker

    Laforst Shoes can no longer sell the infringing shoe design, a federal judge ruled.

    By • Nov. 14, 2023
  • Person with hand tattoos kneels and laces up a Sperry boat shoe.
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    Retrieved from Sperry on November 09, 2023
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    Deep Dive

    Rocking the boat shoe: Sperry’s search for a lifeline

    Wolverine is looking to unload its 88-year-old lifestyle footwear brand, but finding the right buyer is a hard sell.

    By • Updated Nov. 20, 2023
  • A model smiles, wearing a tan True & Co. bra.
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    Retrieved from True & Co. on November 13, 2023
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    PVH Corp. sells innerwear brands in a $160M deal

    Warners, Olga and True & Co. will move to privately-held Basic Resources at the end of November.

    By • Nov. 13, 2023
  • Models wearing pale colors walk the Chloé Womenswear runway against a white backdrop.
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    Pascal Le Segretai via Getty Images
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    Richemont sales rise 6% in H1, led by double-digit growth in Asia

    Sales in the Americas were soft, however, and the company’s online sales dropped 7% as it prepared to finalize its sale of YNAP to Farfetch.

    By • Nov. 13, 2023
  • The HanesBrands headquarters in North Carolina is pictured.
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    Courtesy of HanesBrands
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    HanesBrands activewear sales down 16.8% as it considers Champion deal

    Hanes had previously announced a licensing deal with G-III Apparel Group as Champion undergoes a revamp.

    By • Nov. 10, 2023
  • Michael Kors shoes and a bag are pictured in a store display.
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    JP Yim/Getty Images for ELLE via Getty Images
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    Capri reports 8.6% revenue drop ahead of Tapestry merger

    A new Michael Kors e-commerce website resulted in $50 million of unanticipated Q2 losses, but every brand in the company’s stable suffered high single-digit declines.

    By • Nov. 10, 2023
  • Allbirds opens store in Flatiron district of New York City.
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    Courtesy of Allbirds
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    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.
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    Donell Woodson via Getty Images
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    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
  • A headshot of a person with a full beard, with their head covered by a white hoodie.
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    Courtesy of Adidas
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    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.
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    Matthew Eisman/Getty Images for Pandora Media via Getty Images
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    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
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    "Crocs International Mall" by Phillip Pessar is licensed under CC BY 2.0
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    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.
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    Mike Coppola via Getty Images
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    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.
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    Giulio Marcocchi/Getty Images via Getty Images
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    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.
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    Courtesy of PVH Corp.
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    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.
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    Scott Olson/Getty Images via Getty Images
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    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.
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    Courtesy of Wrangler x Mattel
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    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.
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    Thierry Chesnot/Getty Images via Getty Images
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    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.
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    Courtesy of Crocs
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    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.
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    Retrieved from Hugo Boss on November 02, 2023
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    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.
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    Retrieved from Prada Group on October 31, 2023
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    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.
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    Courtesy of Rhone
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    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