Ralph Lauren sources ‘single digit percentage’ of its products from China

The fashion brand's globally-diversified production footprint makes it well-positioned to mitigate potential tariff hikes, CEO Patrice Louvet said.

By Kelly Stroh • Nov. 19, 2024

H&M, McKinsey execs to lead the former Renewcell

Jonatan Janmark was named CEO of the company, now called Circulose, and Helena Helmersson was appointed chair of the board.

By Laurel Deppen • Nov. 19, 2024

S&P downgrades VF due to declining revenue at key brands

A report questioned the Vans owner’s competitive edge, adding that turnaround efforts could take a while.

By Laurel Deppen • Nov. 18, 2024

Aeffe sees profit boost following sale of Moschino beauty

While revenue fell nearly 18% over the first nine months of 2024, the company expects an internal reorganization to have a positive effect moving forward.

By Lara Ewen • Nov. 15, 2024

Only 16% of global companies on track for 2050 net-zero goals: Accenture

“The fact that so few of the G2000 companies are on track to reach net-zero emissions is alarming,” the director of shareholder advocacy at Trillium Asset Management said.

By Lamar Johnson • Nov. 15, 2024

Burberry plans a strategic shift as profits nosedive

The company’s H1 revenue fell 22%, but CEO Joshua Schulman said the brand was working to course correct and return to its original purpose.

By Lara Ewen • Nov. 14, 2024

Trump’s tariffs: How manufacturers can prepare

Frontloading commodity imports could be a temporary solution, but diversified sourcing will be critical long term, experts say.

By Kate Magill • Nov. 14, 2024

Tapestry and Capri terminate merger agreement

After losing a lawsuit against the FTC, both companies agreed to cancel the deal, calling the legal process “uncertain and unlikely to be resolved.”

By Laurel Deppen • Nov. 14, 2024

Phillip Lim announces departure from eponymous label

The creative director and co-founder of 3.1 Phillip Lim is stepping down after almost 20 years, calling his tenure “an adventure of a lifetime.”

By Lara Ewen • Nov. 13, 2024

Shein will continue to face RICO charges in copyright infringement lawsuit

A federal judge denied the fast fashion giant’s request to dismiss racketeering claims.

By Laurel Deppen • Nov. 13, 2024

Steve Madden to slash China sourcing as tariff concerns escalate

The fashion brand is among several companies looking to limit their exposure to President-elect Donald Trump's promised tariff hikes.

By Philip Neuffer • Nov. 13, 2024

With latest investment, Vuori’s valuation hits $5.5B

An $825 million infusion led by General Atlantic and Stripes will fortify the athleisure brand’s already formidable challenge to market leader Lululemon.

By Daphne Howland • Nov. 12, 2024

Richemont struggles continue as first half operating profits fall 17%

Sharp declines in the company’s watch division were slightly offset by single-digit gains elsewhere, but losses in China continued to weigh on revenue.

By Lara Ewen • Nov. 11, 2024

Steve Madden continues to see boost from Almost Famous acquisition

The company’s wholesale division has benefited in the year since the deal, particularly in accessories and apparel.

By Laurel Deppen • Nov. 11, 2024

StockX co-founder to take over as CEO amid declines in sneaker resale

Greg Schwartz, who has been the company’s chief operating officer since its 2016 launch, will replace Scott Cutler, an early investor.

By Daphne Howland • Nov. 11, 2024

Capri revenue falls sharply as hopes of a Tapestry merger dim

Jimmy Choo saw single-digit growth, while the company attributed second quarter declines at Versace and Michael Kors to soft luxury demand.

By Lara Ewen • Nov. 8, 2024

HanesBrands expects to return to revenue growth in Q4

Following the sale of Champion, the company is looking to distinguish itself as a focused innerwear business, and some analysts think it’s working.

By Laurel Deppen • Nov. 8, 2024

Ralph Lauren sees 6% revenue boost, driven by strong retail sales

The company increased its average unit retail price by 10% and raised its full-year fiscal 2025 outlook.

By Lara Ewen • Nov. 8, 2024

Tapestry logs better-than-expected net sales, driven by Coach

The Kate Spade and Stuart Weitzman owner said it wouldn’t pursue more mergers in the near term if its Capri Holdings acquisition failed.

By Laurel Deppen • Nov. 7, 2024

Wolverine World Wide losses narrow as fiscal 2024 outlook improves

CEO Chris Hufnagel said Saucony outpaced company forecasts despite a 10% drop in Q3 revenue at the brand.

By Lara Ewen • Nov. 7, 2024

5 ways the election will impact fashion

Once a new administration is in place, policy shifts and legislative changes may have wide-ranging impacts on the industry, both at home and abroad.

By Laurel Deppen , Lara Ewen • Nov. 6, 2024

DTC is dead. Long live DTC.

As a channel, it remains key to growth for many retailers. But the era of the DTC brand as we know it is over.

By Cara Salpini • Nov. 6, 2024

Outerwear brand Hawke & Co. to relaunch

The company hired Michael Macko, previously of Saks Fifth Ave, as fashion director.

By Laurel Deppen • Nov. 5, 2024

Hugo Boss reports third straight quarter of muted sales

The company attributed its weak numbers to a “persistently challenging market environment.”

By Lara Ewen • Nov. 5, 2024

De minimis overhaul will start before next president: former Biden official

A rulemaking proposal being issued by early December is very likely, according to former White House COVID-19 supply coordinator Tim Manning.

By Max Garland • Nov. 5, 2024