H&M CEO Helena Helmersson named Fashion Pact co-chair

The group, led by 15 fashion CEOs, includes representatives of brands, retailers and suppliers committed to reducing the industry’s carbon footprint.

By Laurel Deppen • May 23, 2023

Canada Goose revenue jumps in Q4 as it focuses on DTC

The brand is leaning into its direct-to-consumer channel, which saw sales increase 22.6% in the period, as it plans to open 16 stores in fiscal 2024.

By Dani James • May 19, 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

Shein raises $2B but valuation drops: WSJ

Despite the new funding, the fast fashion giant’s value has reportedly decreased to $66 billion.

By Laurel Deppen • Updated May 18, 2023

Burberry sales rebound despite weak US showing

The fourth quarter boost was aided by a comeback in China, the luxury company’s biggest market.

By Lara Ewen • May 18, 2023

B. Riley acquires equity interest in Scotch & Soda through Bluestar

The arrangement solidifies financial ties between the financial group and the brand management company, and adds to a growing stable of fashion labels under their control.

By Lara Ewen • Updated May 17, 2023

Bally’s creative director is out

Rhuigi Villaseñor is leaving just over a year after joining the Swiss luxury fashion house.

By Lara Ewen • May 17, 2023

What’s behind Walmart’s DTC selloffs?

The retail giant has been ditching its e-commerce acquisitions for years to refocus on its core. But it could also mean a fresh start for Eloquii and Bonobos.

By Dani James • May 17, 2023

Maison Margiela CEO resigns

Gianfranco Gianangeli has led the OTB-owned house since 2020, and a successor has not been named.

By Lara Ewen • May 12, 2023

Adidas plans to sell some of its Yeezy inventory and donate the money

CEO Bjørn Gulden said Thursday that burning the $1.3 billion worth of products was not the solution.

By Cara Salpini • May 12, 2023

Prada Group Q1 sales soared to over $1.16B

The surge was driven by strong retail sales and growth for the Miu Miu brand, which was up 42%.

By Lara Ewen • May 12, 2023

Tapestry’s Q3 revenue growth fueled by young consumers

The company says it acquired 1.2 million new customers in North America, approximately half of whom were Gen Z and millennials.

By Lara Ewen • May 12, 2023

Wolverine is ‘exploring strategic alternatives’ for Sperry

CEO Brendan Hoffman said during an earnings call that the footwear company needs to focus on its core brands, including Merrell, Saucony and Sweaty Betty.

By Lara Ewen • May 11, 2023

More executive departures at Gucci

EVP Piero Braga is leaving to serve as CEO of Slowear, just a week after Robert Triefus departed to lead Stone Island.

By Lara Ewen • May 11, 2023

ThredUp lists on alternative stock exchange

The resale company will commit to a vision for sustainable and inclusive business practices on the Long-Term Stock Exchange.

By Nate Delesline III • May 9, 2023

Bidayat to relaunch 1970s Italian fashion brand Walter Albini

The Swiss investment firm founded by Rachid Mohamed Rachid purchased the label’s archives and intellectual property for an undisclosed amount.

By Lara Ewen • May 9, 2023

Fashion Group International adds gender-neutral categories for Rising Star Awards

In addition to handing out the honors last night, FGI launched its first mentorship program.

By Howard Ruben • May 9, 2023

Under Armour CEO: ‘Growth is, without a question, our highest priority’

New chief Stephanie Linnartz identified a slew of areas that need work and rolled out a strategy that hinges on athleisure.

By Cara Salpini • May 9, 2023

Former Gucci exec Robert Triefus named CEO of Stone Island

Triefus will lead Stone Island beginning June 1 as the brand works to broaden its international reach.

By Laurel Deppen • May 5, 2023

Adidas first quarter revenues drop 1%, beating expectations

Yeezy loss continues to impact business, particularly in North America, but new collaborations such as Fear of God could offset losses in the second half of 2023.

By Lara Ewen • May 5, 2023

Federal Reserve hikes main rate while ‘highly attentive to inflation risks’

For the fashion industry, this hike could continue to put pressure on companies to drive inventory productivity.

By Jim Tyson • May 4, 2023

HanesBrands works to reduce inventory but activewear still a concern

The first quarter of 2023 was the third consecutive quarter of improvements for Hanes’ inventory, but it remains up 8% year over year.

By Laurel Deppen • May 4, 2023

Guess taps Hugo Boss alum for CFO seat

The appointment of Markus Neubrand, a former CFO of Hugo Boss Americas, follows a “rigorous” search process, Guess CEO Carlos Alberini said.

By Alexei Alexis • May 3, 2023

Shareholder files lawsuit against Allbirds

The complaint filed in April alleges the DTC brand’s registration statements in 2021 were false or misleading as it relates to non-core product offerings. 

By Dani James • May 3, 2023

Lawmakers ask SEC to halt potential Shein IPO bid

A group of 24 lawmakers want the Chinese fast fashion giant to verify that it doesn’t use forced labor.

By Laurel Deppen • May 2, 2023

Nordstrom cuts tech workforce

The layoffs come weeks after the company named a new chief technology and information officer. 

By Kaarin Moore • May 2, 2023