Corporate/Finance: Page 21
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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 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 -
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 -
Chloé names a new creative director
Chemena Kamali replaces Gabriela Hearst, who left the Richemont-owned house earlier this year.
By Lara Ewen • Oct. 9, 2023 -
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 -
Shein names new group vice chairman
Marcelo Claure was most recently chairman of Shein Latin America.
By Laurel Deppen • Oct. 6, 2023 -
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 -
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 Lara Ewen • Oct. 3, 2023 -
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 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 Lara Ewen • Oct. 2, 2023 -
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 -
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 Laurel Deppen • Sept. 28, 2023 -
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 -
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 Laurel Deppen • Sept. 19, 2023 -
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 -
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 -
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 -
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 -
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 Laurel Deppen • Sept. 12, 2023 -
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 Lara Ewen • Sept. 11, 2023 -
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 Laurel Deppen • Sept. 11, 2023 -
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 -
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 Laurel Deppen • Sept. 7, 2023 -
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 -
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 Laurel Deppen • Sept. 6, 2023