Retail: Page 6

  • A Ralph Lauren store as seen at night is lit up for the winter holidays.
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    Maryam Majd via Getty Images
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    Ralph Lauren’s Q3 revenue up after positive holiday sales

    North America wholesale dropped 15%, but the brand continued to grow its DTC business as global sales in that category increased 9%.

    By • Feb. 9, 2024
  • Shoppers walking by an Under Armour store.
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    Cara Salpini/Fashion Dive
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    Under Armour CEO on sportstyle pivot: ‘We’re not trying to be anything other than authentically Under Armour’

    Stephanie Linnartz talked about the evolution of the company's product offering as revenue fell 6%.

    By Cara Salpini • Feb. 9, 2024
  • A rose-covered escalator is near a Gucci store inside a mall.
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    Getty Images via Getty Images
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    Kering revenue drops 4% for fiscal 2023

    All of the luxury conglomerate’s fashion houses saw 8% declines in Q4 and low-single-digit declines for the year.

    By • Feb. 8, 2024
  • Header image for "Aeropostale, Forever 21 Owner Authentic Brands Exploring IPO"
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    Getty Images via Getty Images
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    Simon Property Group trims stake in Forever 21, Brooks Brothers brand-management firm Authentic

    The mall REIT is unwinding some of its investment into the retail business, which CEO David Simon has acknowledged is more volatile than real estate.

    By Daphne Howland • Feb. 8, 2024
  • Damson Idris wears a black suit and sits in a silver lined circular seat holding a Prada bag.
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    Retrieved from Willy Vanderperre for Prada on February 01, 2024
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    Prada reclaims top spot on Lyst Index

    Miu Miu fell to second place on the quarterly report, while Ugg returned to the top-20 brand category and The Row made its first appearance.

    By • Feb. 6, 2024
  • A person in a denim shirt and jeans stands with arms crossed, smiling.
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    Courtesy of Gap Inc., photo credit Mario Sorrenti
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    Zac Posen is Gap Inc.’s latest hire in a long line

    The designer, known for his women’s dresses, joins a team tasked with “brand reinvigoration and greater cultural relevance,” the company said.

    By Daphne Howland • Feb. 6, 2024
  • A white store with a Macy's banner and red store, with a "Now Open" sign on the windows.
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    Courtesy of Macy's
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    New Macy’s CEO Tony Spring takes over

    Spring, who stepped into the role on Sunday, faces several challenges, including a take-private offer and changes to the department store’s fleet.

    By Nate Delesline III • Feb. 5, 2024
  • A person is fishing and wearing cream colored fishing gear and sunglasses.
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    Courtesy of Columbia
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    Columbia braces for challenging 2024 as net sales rise 1% in fiscal 2023

    The company projected a net sales decline of between 2% and 4% against a background of "economic and geopolitical uncertainty."

    By • Feb. 2, 2024
  • Three views of people wearing dark outerwear.
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    Permission granted by Filson
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    Filson to launch womenswear line

    The Seattle-based heritage outerwear brand expects to begin selling the collection in the U.S. this August, with a global rollout to follow.

    By • Updated Feb. 1, 2024
  • A street lamp and a couple of people to the left of a large corner store with a red "H&M" sign, as others stroll and window shop.
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    Daphne Howland/Fashion Dive
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    H&M Group CEO is out

    Helena Helmersson unexpectedly stepped down after four years at the helm, replaced by Daniel Ervér, chief of the company’s namesake brand.

    By Daphne Howland • Feb. 1, 2024
  • Aerial view of warehouse workers working and walking in a distribution center.
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    cofotoisme via Getty Images
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    Retailers have finally tamed their inventories: report

    Sales growth outpaced inventory in the third quarter for the first time since the pandemic began, according to Telsey Advisory Group analysts.

    By Ben Unglesbee • Jan. 31, 2024
  • Image shows interior storefront of Coupang featuring neon displays.
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    Courtesy of Coupang
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    Coupang completes acquisition of Farfetch

    The $500 million deal, initially announced in December, was threatened last week by Farfetch bond holders seeking to recover their investment in the luxury e-commerce firm.

    By • Jan. 31, 2024
  • A one-story store sits on a corner against a blue sky.
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    Courtesy of REI Co-op
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    REI to lay off 357, including 200 at corporate headquarters

    The move is the company’s third round of layoffs in less than 12 months.

    By Nate Delesline III • Jan. 30, 2024
  • A person, Jose Neves, sits on a stage speaking into a microphone.
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    Jason Carter Rinaldi via Getty Images
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    Farfetch deal with Coupang threatened by ad hoc investor group

    The noteholders, who collectively hold more than half of the luxury e-commerce platform’s 2027 bonds, say they’re seeking options that would allow them to recover their funds.

    By • Updated Jan. 30, 2024
  • A red Levi's tab sign against a bright blue sky.
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    Daphne Howland/Fashion Dive
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    Levi’s to lay off as much as 15% of its workforce

    Incoming CEO Michelle Gass will oversee the ongoing pivot to DTC as the denim brand continues to struggle with its growth plans.

    By Daphne Howland • Jan. 29, 2024
  • Exterior view shows a True Religion jeanswear store inside a mall with discount signs on the windows.
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    Permission granted by True Religion
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    True Religion announces footwear license deal

    Launching in the fall, the new collection in partnership with Orly Corporation will feature men’s, women’s and kids’ shoes.

    By • Jan. 24, 2024
  • A model wears brightly colored Sundry clothing.
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    Retrieved from Digital Brands Group on January 03, 2024
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    Digital Brands Group plots 50 stores

    The company said its first location will open by March, and it plans to use it to offload excess inventory, particularly from its Sundry acquisition.

    By Caroline Jansen • Jan. 23, 2024
  • An exterior corner of a Macy's store.
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    Daphne Howland/Fashion Dive
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    Macy’s to cut 3.5% of its workforce, close 5 mall anchors

    The moves come as Tony Spring prepares to take the reins from CEO Jeff Gennette, who said a year ago that store closures were mostly complete.

    By Daphne Howland • Jan. 22, 2024
  • Five pieces of clothing, with a cardboard box to the right that says "Stitch Fix."
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    Courtesy of Stitch Fix
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    Stitch Fix ends full-time work for stylists, lays off some leads

    The apparel box retailer has kept a tight grip on expenses, but its sales and customer base continue to shrink.

    By Daphne Howland • Jan. 19, 2024
  • Nike red, black and white Air Jordan 1 "Dunk Sole" shoes are displayed in a glass case alongside a photo of Michael Jordan wearing them in a game.
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    Cindy Ord via Getty Images
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    Nike was the top-traded sneaker brand of 2023: report

    The annual StockX culture index also named running shoe brands Asics and New Balance and gave a nod to viral footwear company MSCHF.

    By • Jan. 19, 2024
  • A ring in a red Cartier jewelry box sits on a counter.
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    Andrew H. Walker via Getty Images
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    Richemont bucks larger luxury slowdown with 4% sales boost for Q3

    China helped boost numbers for the period, and jewelry and watches lifted retail, while the company reiterated plans to find a new buyer for Yoox Net-a-Porter.

    By • Jan. 18, 2024
  • Three smiling tweens hanging out together.
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    Courtesy of Target
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    What it takes to build a private label

    Hint: It's more than poaching from Target’s slam-dunk owned brands operation.

    By Daphne Howland • Jan. 18, 2024
  • A shot of Lululemon Global Creative Director Jonathan Cheung in a brand sweater and jacket against a white background.
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    Courtesy of Lululemon
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    Lululemon taps new global creative director

    Jonathan Cheung is taking on the role, while JJ Collier joins the athleticwear brand in the newly created position of vice president of design for outerwear.

    By Cara Salpini • Jan. 17, 2024
  • A lit Burberry storefront as seen in the evening on an empty street.
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    Retrieved from Burberry on January 12, 2024
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    Burberry issues early profit warning

    An overall luxury sector decline and weak December sales will produce lower-than-expected results and impact the company’s fiscal year.

    By • Jan. 12, 2024
  • A crowd of spectators raise their cell phones to record the events taking place at the Concept Korea fashion show during New York Fashion Week.
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    Arturo Holmes via Getty Images
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    Deep Dive

    7 fashion industry trends to watch in 2024

    The coming year will bring fast fashion battles, more mergers and acquisitions, an evolution of luxury and a presidential election, and that’s just for starters.

    By Laurel Deppen and Lara Ewen • Jan. 12, 2024