Corporate/Finance: Page 21


  • The Nike "swoosh" on the side of a building, with another building seen behind it.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Nike kicks the inventory doldrums with levels down 10%

    The sportswear giant has come a long way from a year ago, when stock levels were surging with retailers and consumers pulling back on purchasing.

    By Ben Unglesbee • Oct. 10, 2023
  • Pandora storefront in NYC.
    Image attribution tooltip
    Kaarin Vembar/Fashion Dive
    Image attribution tooltip

    Pandora looks to retail expansion for growth

    The jewelry brand set new financial targets for revenue and free cash flow related to its Phoenix growth strategy.

    By Dani James • Oct. 9, 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
  • Chemena Kamali, wearing a white blouse and with long brown hair, looks into the camera in a black-and-white headshot.
    Image attribution tooltip
    Courtesy of David Sims/Richemont
    Image attribution tooltip

    Chloé names a new creative director

    Chemena Kamali replaces Gabriela Hearst, who left the Richemont-owned house earlier this year.

    By Oct. 9, 2023
  • Levi's
    Image attribution tooltip
    "Levi's 506 jeans" by M62 is licensed under CC BY 2.0
    Image attribution tooltip

    Levi’s posts flat revenue for Q3, cuts full-year guidance

    The company cut its outlook for the second consecutive quarter, stating its approach was cautious due to macro-environment uncertainty.

    By Nate Delesline III • Oct. 6, 2023
  • Marcelo Claure stands for a professional headshot with the Shein logo in the background.
    Image attribution tooltip
    Courtesy of Shein
    Image attribution tooltip

    Shein names new group vice chairman

    Marcelo Claure was most recently chairman of Shein Latin America.

    By Oct. 6, 2023
  • Interior shot a Birkenstock store. Shoes are on shelves, and tables.
    Image attribution tooltip
    Courtesy of Birkenstock
    Image attribution tooltip

    Birkenstock sets sights on valuation of up to $9.2B

    As its revenue continues to increase, the footwear brand expects its IPO pricing to be between $44 and $49 per ordinary share.

    By Dani James • Oct. 4, 2023
  • A man, Seán McGirr, wear a black t-shirt and stares into the camera.
    Image attribution tooltip
    Courtesy of Kering
    Image attribution tooltip

    Alexander McQueen names new creative director

    Seán McGirr, who previously worked at JW Anderson and Dries Van Noten, will take over for Sarah Burton, who announced her exit in September after 27 years with the house.

    By Oct. 3, 2023
  • Three people wearing bridesmaid dresses stand together. The person in the center holds a cake.
    Image attribution tooltip
    Retrieved from Birdy Grey on February 24, 2023
    Image attribution tooltip

    Birdy Grey builds out C-suite with new COO, CTO hires

    The DTC bridal brand brought on a new operating chief following Eloquii co-founder Steve Zawada's exit in June after about six months.

    Oct. 3, 2023
  • Vestiaire Collective clothing display of resale fashions.
    Image attribution tooltip
    Permission granted by Vestiaire Collective
    Image attribution tooltip

    Vestiaire Collective names new head of global communications

    Lauren Picciano comes to the luxury reseller after spending more than 15 years working in public relations for Saks, Bergdorf Goodman, Hearst and La Perla.

    By Oct. 2, 2023
  • A Nike storefront at The Grove shopping center in Los Angeles, California.
    Image attribution tooltip
    Cara Salpini/Fashion Dive
    Image attribution tooltip

    Nike says better profitability is on the horizon as net income edges down in Q1

    Chief Financial Officer Matt Friend said the athleticwear brand expects to be “a more direct and a more digital company and a more profitable company” going forward.

    By Cara Salpini • Oct. 2, 2023
  • Anders Sjoblom is pictured for a professional headshot.
    Image attribution tooltip
    Courtesy of Recover™
    Image attribution tooltip

    Recycled materials company hires H&M exec as CEO

    Recover, which has recently forged partnerships with several brands for recycled denim, is switching up its top leadership roles.

    By Sept. 28, 2023
  • 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 cost cuts pay off as Q4, full-year losses narrow

    But sales declines continue, and the apparel box retailer has decided to shutter its U.K. operation by the end of its first quarter.

    By Daphne Howland • Sept. 20, 2023
  • The HanesBrands headquarters in North Carolina is pictured.
    Image attribution tooltip
    Courtesy of HanesBrands
    Image attribution tooltip

    Hanes evaluating options for its Champion business

    After signing a recent license agreement with G-III, HanesBrands is now weighing additional strategies for the brand, including a potential sale.

    By Sept. 19, 2023
  • Land's End
    Image attribution tooltip
    Courtesy of Land's End
    Image attribution tooltip

    Land’s End interim takes permanent CFO seat

    Bernard McCracken is the latest chief accounting officer to be promoted to a public company’s top finance role. 

    By Maura Webber Sadovi • Sept. 19, 2023
  • Flowers and Shein branding on display.
    Image attribution tooltip
    Shirlaine Forrest via Getty Images
    Image attribution tooltip

    Shein adds $85M to its ESG initiatives

    The funding will be earmarked to help aspiring designers, women, young people and the underprivileged.

    By Laurel Deppen • Sept. 15, 2023
  • Nordstrom shuffles leadership, again

    Among a flurry of appointments, the retailer announced a new chief merchant, Rack president and president of Nordstrom stores.

    By Kaarin Moore • Sept. 15, 2023
  • Exterior shot of a Birkenstock store.
    Image attribution tooltip
    Courtesy of Birkenstock
    Image attribution tooltip

    Birkenstock files for IPO as it eyes global growth

    Private equity firm L Catterton will control a majority of voting power on outstanding shares.

    By Dani James • Sept. 13, 2023
  • A building seen at an angle, with a leafy tree visible on the right.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Macy’s taps international department store veteran as Bloomingdale’s CEO

    Olivier Bron, with stints at Central and Robinson Department Stores in Thailand and Galeries Lafayette in Paris, replaces longtime chief Tony Spring.

    By Daphne Howland • Sept. 12, 2023
  • https://www.gettyimages.com/detail/news-photo/new-timberland-store-is-seen-at-the-junction-square-mall-news-photo/487141507?adppopup=true
    Image attribution tooltip
    Paula Bronstein/Getty Images via Getty Images
    Image attribution tooltip

    VFC must pay up to $730M in taxes related to Timberland legal dispute

    A federal judge sided with the IRS over the timeline of its required payments.

    By Sept. 12, 2023
  • A woman, Sarah Burton, stands in jeans and a white top at the end of an Alexander McQueen runway and waves to the crowd.
    Image attribution tooltip
    Pascal Le Segretain via Getty Images
    Image attribution tooltip

    Sarah Burton to exit as creative director of Alexander McQueen

    The Kering-owned fashion brand said the spring-summer 2024 collection, to be shown during Paris Fashion Week in September, will be Burton’s last for the house.

    By Sept. 11, 2023
  • The Nike swoosh logo is pictured up close.
    Image attribution tooltip
    Drew Angerer/Getty Images via Getty Images
    Image attribution tooltip

    Investors call for Nike to pay $2.2M in owed wages to supply chain workers

    Ahead of the sportswear giant’s annual meeting this week, investors are asking the company to avoid similar cases in the future.

    By Sept. 11, 2023
  • The entrance to a store with the word "Express" repeated above each glass door.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Express CEO Tim Baxter resigns

    Stewart Glendinning, who comes to the retailer from Tyson Foods, has been appointed to the chief executive role. 

    By Kaarin Moore • Sept. 8, 2023
  • A HanesBrands store display is pictured, including paper bags, footballs and t-shirts, all with the Hanes logo.
    Image attribution tooltip
    Riccardo Savi/Getty Images for Hanes via Getty Images
    Image attribution tooltip

    G-III and Hanes strike licensing deal for Champion

    G-III announced the deal along with its second quarter earnings, which beat previous estimates.

    By Sept. 7, 2023
  • With tree branches and brick buildings to the left, a sign reading "UpWest" juts out from a building.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Express Inc. leans on cost cuts as sales, profits plummet

    The apparel conglomerate is facing consumer demand for promotional pricing and has had to correct some fashion misses at its namesake.

    By Daphne Howland • Sept. 6, 2023
  • A Tommy Hilfiger store is pictured, featuring mannequins wearing clothing and shelves stocked with shirts.
    Image attribution tooltip
    John Sciulli/Getty Images for Tommy Hilfiger via Getty Images
    Image attribution tooltip

    Tommy Hilfiger hires Virginia Ritchie as chief marketing officer

    She has been with the PVH Corp.-owned brand for more than 12 years, most recently as interim CMO.

    By Sept. 6, 2023