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

Explore the 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

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

Steve Madden revenue drops again in Q2

The trendy fashion firm’s long-term growth strategy includes more DTC business and expanded offerings in handbags and apparel.

By Lara Ewen • Aug. 3, 2023

American Eagle Outfitters COO to exit

Michael Rempell is leaving the retailer after 23 years in a planned leadership transition. Meanwhile, the company raised its Q2 forecast.

By Kaarin Moore • Aug. 3, 2023

Vans, Dickies struggles drag VF Corp revenue down 8% in Q1

The company says the drop was due to ongoing wholesale issues and continuing challenges with its Vans brand.

By Lara Ewen • Aug. 2, 2023

Columbia names new president of prAna brand, adjusts full year guidance

Tricia Shumavon is stepping into the role in September after stints at Adidas, Nike and Gap. The move is part of Columbia’s plan to reposition the prAna brand for growth.

By Laurel Deppen • Aug. 2, 2023

Skechers logs record sales again in Q2 despite wholesale challenges

Executives pointed to strong performance of direct-to-consumer sales, particularly at retail locations.

By Laurel Deppen • July 28, 2023

Kering appoints new CFO amid modest H1 earnings

Sales at the luxury house lag behind rival firms, though a new partnership with Mayhoola may help reinvigorate the company.

By Lara Ewen • July 28, 2023

Richemont acquires controlling stake in Gianvito Rossi

The deal is not expected to have a material financial impact on Richemont’s assets or operating results for its current fiscal year.

By Laurel Deppen • July 28, 2023

Kering acquires 30% stake in Valentino

The deal includes an option for Kering to acquire 100% of the Italian luxury house by the end of 2028.

By Laurel Deppen • July 27, 2023

Fashion companies net $40B in retail sales from licenses: report

Authentic Brands Group was among the highest earners in the category.

By Laurel Deppen • July 27, 2023

Authentic Brands Group acquires Rockport out of bankruptcy

The brand conglomerate sees an opportunity to expand the footwear company's assortment into a "full lifestyle offering."

By Nate Delesline III • July 27, 2023

Prada profits jump 62% in H1

The increase was partly a result of strong retail net sales for Prada brand products and Miu Miu sales.

By Lara Ewen • July 27, 2023

Gap Inc. turns to Mattel operations chief Richard Dickson as CEO

The toy maker's longtime executive was instrumental in reinvigorating Barbie and other signature brands. Can he pull it off again?

By Daphne Howland • July 26, 2023

LVMH revenue up 15% for the first half of 2023

Its fashion and leather group reported revenue growth of 20%, although operating cash flow was halved due to real estate and operational investments.

By Lara Ewen • July 26, 2023

Adidas raises guidance after successful Yeezy drop

The first sale of leftover inventory slashed 250 million euros from its projected operating loss, and further drops could help even more.

By Cara Salpini • July 25, 2023

Luxury house Julien Macdonald goes into liquidation

The Welsh fashion brand has worked with Chanel, Givenchy and British Airways, but the pandemic led to unrecoverable losses.

By Lara Ewen • July 25, 2023