Corporate/Finance: Page 29

  • A person in a ballcap and green jacket walks toward the camera.
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    Marc Piasecki via Getty Images
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    Tremaine Emory exits Supreme, alleges systemic racism

    In a series of Instagram posts, he discussed resigning as creative director and the brand’s cancellation of a collaboration with Arthur Jafa.

    By • Sept. 1, 2023
  • Alessio Vannetti is pictured in black and white, standing in a forest.
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    Courtesy of Gucci
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    Gucci rehires Alessio Vannetti as chief brand officer

    He returns to the luxury brand after a three-year stint at Valentino.

    By • Sept. 1, 2023
  • External storefront of a Lands' End.
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    Courtesy of Lands' End
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    Lands’ End revenue down 7.9% in Q2 as e-commerce falters

    The company's defunct business in Japan and soft European e-commerce hampered its financial performance.

    By • Updated Aug. 31, 2023
  • Mannequins in lingerie are part of the sales floor displays at Victoria's Secret in New York City
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    Permission granted by Victoria's Secret & Co.
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    Victoria’s Secret posts Q2 sales decline amid turnaround efforts

    While the retailer reported progress on its strategic initiatives, analysts question whether its actions are working.

    By Kaarin Moore • Aug. 31, 2023
  • The inside of a Calvin Klein retail store is pictured, showing racks of clothing in primarily neutral colors.
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    Lintao Zhang/Getty Images for Calvin Klein via Getty Images
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    PVH reports $2.2B in Q2, but faces wholesale pressure

    While the company saw an overall revenue increase of 4%, its North American Calvin Klein business experienced a decline.

    By • Aug. 30, 2023
  • People walking down the street, past an apparel store.
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    Andrew Burton / Staff via Getty Images
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    Ann Taylor, Loft, Talbots form new KnitWell Group

    Owner Sycamore Partners acquired Talbots over a decade ago and the other KnitWell brands during Ascena's 2020 bankruptcy.

    By Daphne Howland • Aug. 30, 2023
  • Paris Lanvin window display as Part of the World Fashion Window Displays on February 20, 2015 in Paris, France.
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    Kay-Paris Fernandes via Getty Images
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    Lanvin revenue up 6.4% in the first half of the year

    Strong growth in China was tempered by a dip at the company’s namesake brand, which has been going through a creative restructuring.

    By • Aug. 30, 2023
  • A person in a large white top, polka dot tights, and black Brian Atwood scrunch booties walks away from the camera looking back toward it.
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    Courtesy of Brian Atwood for Express
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    Express names Brian Atwood creative director of footwear

    The luxury shoe designer will be responsible for women's and statement men's lines, as well as his own imprint.

    By • Aug. 29, 2023
  • A brick storefront with a DSW sign on it.
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    Courtesy of DSW
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    Designer Brands President Bill Jordan to exit

    Jordan has been with the company in various roles for nearly 18 years and plans to exit by the beginning of December.

    By Cara Salpini • Aug. 29, 2023
  • A person is shown wearing boots with the Hunter logo on the back.
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    Courtesy of Authentic Brands Group
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    Authentic lands partnership for Hunter Boots in China, Southeast Asia

    Under the deal, Baozun Inc. acquires a 51% equity interest in the heritage boot brand’s intellectual property across the regions.

    By • Aug. 28, 2023
  • Gap store in San Francisco, Flood Building.
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    Daphne Howland/Fashion Dive
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    New Gap Inc. CEO: ‘We need to make these brands matter more’

    Further declines in Q2 greeted former Mattel executive Richard Dickson as he took the helm at the apparel conglomerate.

    By Daphne Howland • Aug. 28, 2023
  • Display of horseshoe logo on the back pocket of a pile of True Religion jeans and baseball caps.
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    Becky Sapp via Getty Images
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    True Religion gets financial support to fund future operations

    The denim brand will use the new term loan and revolving credit to refinance its existing debt and support its long-term business plans.

    By • Aug. 23, 2023
  • An Urban Outfitters storefront is pictured while a large amount of shoppers walk on the sidewalk in front of it.
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    Dan Dennison/Getty Images via Getty Images
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    Urban Outfitters logs record sales again despite trouble from its namesake brand

    The UO brand saw a 14% drop in sales while Anthropologie and Free People saw double-digit growth.

    By • Aug. 23, 2023
  • Foot Locker storefront
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    Cara Salpini/Fashion Dive
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    Foot Locker sales fall nearly 10% as it weathers ‘tougher than expected’ year

    CEO Mary Dillon said the start of the back-to-school season was weaker than expected as lower-income shoppers stay cautious.

    By Cara Salpini • Aug. 23, 2023
  • Brent Hyder poses for a professional headshot.
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    Courtesy of VF Corp. Business Wire
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    VF Corp. hires former Gap exec for chief people officer

    Brent Hyder was most recently with software company Salesforce, but he isn’t new to the apparel sector.

    By • Aug. 22, 2023
  • A Columbia Sportswear store is pictured, showing mannequins wearing rain jackets and a shelf of water bottles, among other products.
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    The image by Justina Simon Giga is licensed under CC BY-SA 4.0
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    Columbia names new senior VP of global distribution

    Tom Gyles previously worked in logistics and distribution roles for PVH and Gap.

    By • Aug. 21, 2023
  • A bright red facade features a cut-out of the word "Express" at a mall store entrance.
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    Daphne Howland/Fashion Dive
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    Express plans layoffs, reverse stock split

    The apparel retailer, which is cutting 150 jobs, said it continues to take action to improve long-term growth.

    By Nate Delesline III • Aug. 18, 2023
  • A sign reading "Coach New York" is pictured outside of a Coach storefront. The sign features the Coach logo, a horse drawn carriage.
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    Spencer Platt/Getty Images via Getty Images
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    Tapestry revenues decline in North America

    Coach, Tapestry’s largest brand, was the highest performer during the quarter, and it showed a 3% sales increase to $1.2 billion.

    By • Aug. 17, 2023
  • A person window shops at store at a street corner. An orange corner is parked on the right, next to a stop sign.
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    Courtesy of Gap Inc.
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    Deep Dive

    What Gap Inc. needs from its new CEO

    Next week, longtime Mattel executive Richard Dickson takes the reins of an apparel conglomerate — whose brands all need some help.

    By Daphne Howland • Aug. 16, 2023
  • Parade's first swimwear collection
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    Courtesy of Parade
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    Parade acquired by Ariela & Associates International

    The DTC intimates brand has expanded its product categories over the past several months and will operate as a division of Ariela & Associates International.

    By Dani James • Aug. 15, 2023
  • Two people running in On Cloudneo shoes
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    Courtesy of On
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    On brand’s DTC sales grew faster than wholesale in Q2

    The brand’s direct-to-consumer channel increased 54.7% year over year to 163.5 million Swiss francs during the quarter.

    By Dani James • Aug. 15, 2023
  • A pedestrian in short sleeves walks past a Michael Kors storefront on a sunny day in Chicago, Illinois.
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    Scott Olson via Getty Images
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    Capri releases soft Q1 earnings as Tapestry’s plan to buy company is revealed

    Sales and profits declines took a backseat to the surprise merger announcement Thursday, but gave telling texture to the $8.5 billion deal.

    By • Aug. 11, 2023
  • Ralph Lauren wears jeans and a blue plaid shirt over a long sleeved white shirt and stands on the end of a fashion runway showing his palms to the applauding crowd and smiling
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    Mike Coppola via Getty Images
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    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 • Aug. 11, 2023
  • Corporate headquarters of HanesBrands as seen from outside with HBI signage in the front.
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    Courtesy of HanesBrands
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    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 • Aug. 10, 2023
  • Four Wolverine/Halo boots on display
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    Permission granted by Wolverine Worldwide
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    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