Digital Brands Group expects to earn $27M in revenue in 2024

The company, which is undergoing a strategic review, said it is working to boost shareholder value.

By Laurel Deppen • Updated Jan. 4, 2024

Wolverine Worldwide appoints chief supply chain officer

In the newly created role, Bishu Jayaram will be responsible for the footwear company’s sourcing, distribution and logistics.

By Laurel Deppen • Dec. 21, 2023

Renewcell secures $9.8M in short-term funding

The new capital comes after the textile recycling firm reported underperforming Q3 sales.

By Lara Ewen • Dec. 21, 2023

Frasers Group acquires Matches in $65.9M deal

The deal helps the U.K. conglomerate, which also owns Flannels, strengthen its position in the luxury market.

By Laurel Deppen • Dec. 20, 2023

With website down, Zulily’s future in doubt

The e-commerce retailer's website is currently "down for maintenance," following layoffs.

By Nate Delesline III • Dec. 20, 2023

More Gildan Activewear shareholders call for CEO reinstatement

Jarislowsky Fraser Ltd., reportedly the largest shareholder of the apparel company, is asking the board to dismiss its chairman following the decision.

By Laurel Deppen • Dec. 19, 2023

Farfetch and Coupang deal has consequences for luxury, e-commerce: analysts weigh in

The newly announced acquisition deal may signal a new path forward for the struggling platform, but challenges remain.

By Lara Ewen • Dec. 19, 2023

VF Corp. reports stolen data from cybersecurity incident

The attack last week has impacted the apparel conglomerate’s ability to fulfill orders.

By Laurel Deppen • Dec. 18, 2023

Farfetch to be acquired by Coupang in a $500M deal

As a result, Farfetch will be delisted from the NYSE, and its agreement to buy YOOX Net-a-Porter from Richemont has been terminated.

By Lara Ewen • Dec. 18, 2023

2 Gildan Activewear shareholders call for CEO reinstatement

After co-founder Glen Chamandy was ousted earlier this week, shareholders of the company are calling for changes.

By Laurel Deppen • Dec. 15, 2023

Temu accuses Shein of ‘mafia-style intimidation,’ imprisonment and coercion in new lawsuit

The complaint claims Shein made its fast fashion rival the target of malicious behavior intended to thwart Temu's success.

By Laurel Deppen • Dec. 15, 2023

Farfetch gets Moody’s downgrade

The financial firm gave the luxury e-commerce platform a rating of “poor standing” and “subject to very high credit risk” following the company’s cancellation of its Q3 earnings call.

By Laurel Deppen • Dec. 13, 2023

Richemont announces new president and CEO of Chloé

Laurent Malecaze, recently the top executive of Dunhill, will step into the role while Richemont seeks his replacement.

By Lara Ewen • Dec. 13, 2023

PVH names new president of Tommy Hilfiger North America and chief people officer

The appointments come as the company works to boost profitability for its Calvin Klein and Tommy Hilfiger brands.

By Laurel Deppen • Dec. 13, 2023

Uniqlo plans more than 20 new stores in North America in 2024

The Japan-based fast fashion company is expanding its retail presence in the U.S. and Canada and expects to have 200 locations open by 2027.

By Lara Ewen • Dec. 12, 2023

Why Macy’s investors reportedly offered $5.8B to take the department store private

The company’s real estate, and not its retail operations, are likely motivating the offer, which the would-be suitors may be willing to increase.

By Daphne Howland • Dec. 12, 2023

Gildan Activewear names new president and CEO

Company co-founder Glenn Chamandy, the previous CEO, released a statement saying he was terminated without cause after 40 years with the firm.

By Laurel Deppen • Dec. 11, 2023

Torrid Q3 net sales drop, swings to net loss

The apparel and accessories brand updated its full-year guidance again and permanently appointed Paula Dempsey as its new CFO.

By Dani James • Dec. 11, 2023

Amazon cuts referral fees for some apparel sellers

The retailer said the changes are meant to improve the speed of delivery and reduce total costs to serve.

By Nate Delesline III • Dec. 8, 2023

Lanvin Group founding chairman and CEO exits the company, effective immediately

Joann Cheng leaves after six years and took the company public on the New York Stock Exchange during her tenure.

By Lara Ewen • Dec. 8, 2023

Farfetch faces class-action lawsuit from shareholders over alleged false and misleading statements

The complaint serves as a backdrop for rumors that the luxury e-commerce platform plans to delist from the New York Stock Exchange.

By Laurel Deppen • Dec. 7, 2023

Stitch Fix sales and customer count decline further, but loss narrows

The apparel box e-retailer kept a grip on expenses and is making major operational changes to boost sales and profits, executives said Tuesday.

By Daphne Howland • Dec. 7, 2023

Aerosoles inks licensing deal for apparel

The footwear brand, owned by American Exchange Group, said the deal with Maze Collections will further diversify its portfolio.

By Laurel Deppen • Dec. 7, 2023

Zegna plans for 10% company-wide growth and cash surplus

Tom Ford Fashion is expected to grow revenues by more than 10%, and the Thom Browne brand is expected to see high-teens growth and streamlined wholesale.

By Lara Ewen • Dec. 6, 2023

Can Lululemon maintain its momentum?

Ahead of the brand’s Q3 report this week, Wells Fargo analysts downgraded their stock outlook, while other analysts raised their price targets.

By Daphne Howland • Dec. 6, 2023