Corporate/Finance: Page 26

  • 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
  • A group of women's shoes, Vans, are displayed in a store.
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    Angela Weiss/Getty Images for Vans via Getty Images
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    VF Corp. launches transformation program as some of its key brands falter

    Vans remains a pain point for the apparel conglomerate, and the company will appoint a new president for the brand as part of its refresh efforts.

    By • Oct. 31, 2023
  • The Sorel logo is seen reflected in a window, which shows the skyline of New York City.
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    Eugene Gologursky/Getty Images for New York Magazine via Getty Images
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    Columbia reports $985.7M in Q3 sales, lowers full-year guidance

    The company’s namesake brand led sales, while its prAna brand is undergoing a “reset.”

    By • Oct. 30, 2023
  • A Shein store is pictured, with a rack of clothes on display.
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    Courtesy of Shein
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    Shein acquires Missguided from Frasers Group

    The deal boosts Shein’s presence in the U.K., where analysts predict it could achieve 2.2% market share in 2023.

    By • Updated Oct. 30, 2023
  • A person is holding a phone displaying the Temu app, where a red dress is sold.
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    Screenshot: Temu

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    Shein and Temu agree to dismiss legal fights

    The fast fashion rivals had been involved in two cases centered on copyright and antitrust laws.

    By • Oct. 30, 2023