The Latest
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Ted Baker says North America bankruptcy due in part to failures by Authentic’s Europe and UK operators
The retailer said in court documents that suppliers were not paid, leading to shipment delays, order cancellations and merchandise shortages.
Updated May 1, 2024 -
Edwin Lopez/Fashion Dive
How Cotopaxi navigated remediation of a tier 1 supplier
The outdoor apparel and accessories brand chose remediation over removal to avoid exacerbating negative worker impacts, an executive said.
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Steve Madden Q1 revenue grows 19%
The company’s wholesale segment was aided in part by last year’s acquisition of Almost Famous.
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Scott Olson/Getty Images via Getty Images
Better Cotton audits farms it previously certified following deforestation investigation
Watchdog Earthsight called the certifier’s audit “so flawed as to be almost worthless.”
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Daphne Howland/Fashion Dive
Royalty fees squeeze Vince margins
The company is targeting more than $30 million in savings in part to offset the new cost of licensing its own brand from Authentic Brands Group.
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Vittorio Zunino Celotto via Getty Images
Lanvin Group forecasts growth amid uncertain economy
In confirming its fiscal 2023 revenue, the company’s new chairman Zhen Huang expressed optimism about its profitability goals.
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Daphne Howland/Fashion Dive
Lululemon shutters Washington distribution center
The athleticwear brand is laying off nearly 130 employees, but a spokesperson said some will relocate to its new Los Angeles location and other facilities.
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David Dee Delgado via Getty Images
Online luxury reseller Rebag launches membership program
The program is designed to give customers lower prices on items and additional discounts.
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Spencer Platt/Getty Images via Getty Images
FTC lawsuit on Tapestry’s merger with Capri could have wider implications
The complaint demonstrates the agency’s recent crackdown on “serial acquisitions,” a practice that has become more common across industries.
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Juan Naharro Gimenez via Getty Images
Columbia continues ‘growth acceleration strategies’ as net sales fall 6%
The Q1 results come after the sportswear company, which owns Sorel, prAna and Mountain Hardwear, warned that 2024 would be challenging.
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Natalia Khimich via Getty Images
Reformation reports spike in direct emissions, misses 2023 carbon intensity target
The apparel company known for pioneering sustainable practices said it aims to slash its scope 1 and 2 emissions by 42% by 2030, compared to a 2021 baseline.
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Hermès revenue resilient despite widespread luxury downturn
Earnings were up 13% in Q1, with strong global sales and increased demand for leather goods, jewelry, home and fashion and accessories.
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Courtesy of Forever 21
Forever 21 unveils first bridal capsule collection
The fast fashion company is the most recent retailer to expand its product assortment into the wedding category.
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Photo by Spencer Platt/Getty Images via Getty Images
Skechers logs record Q1 sales amid wholesale revival
The company expects revenue to increase by up to 11% for the fiscal year, which an analyst called “a pleasant surprise.”
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Leon Neal via Getty Images
Human rights and environmental legislation approved by European Parliament
The Corporate Sustainability Due Diligence Directive holds companies and supply chain partners accountable for ESG compliance.
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Courtesy of Abercrombie & Fitch
The turnaround of Abercrombie & Fitch is finally here
S&P Global Ratings on Tuesday upgraded the apparel retailer, not just on its better-than-expected 2023 performance but also its strong momentum.
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Victor Boyko via Getty Images
Kering forecasts recurring operating income decline of up to 45% in H1
Gucci revenue dropped double-digits in the first quarter of 2024, which its parent company blamed on “ongoing normalization” in the luxury sector.
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Brian Ach via Getty Images
Miu Miu’s popularity helps Prada Group revenue grow 11% in Q1
Retail sales for the brand were up 89%, reinforcing its continued consumer appeal against a wider backdrop of luxury sector challenges.
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Courtesy of Allbirds
Allbirds unveils Tree Runner Go sneaker as it refocuses on core products
The shoe features improvements to the original design and comes after the successful launch of the Wool Runner 2.
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Courtesy of Gildan
Gildan to replace 5 members of its board ahead of annual meeting
The move is a tactic by the activewear company to show it’s compromising in the midst of a proxy battle, an analyst said.
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Vittorio Zunino Celotto via Getty Images
Zegna Group revenue up 8.1% in Q1
Thom Browne revenue fell more than 30% due to DTC challenges in China, wholesale streamlining and updated delivery timing.
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Courtesy of Nike
Second phase of Nike layoffs to hit Oregon headquarters this summer
After the job cuts, effective June 28, about 740 employees will have been impacted in the athleticwear brand’s home state.
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Drew Angerer via Getty Images
FTC sues to block Tapestry’s $8.5B acquisition of Capri Holdings
The commission alleges the deal prevents competition between brands at both companies and gives Tapestry a dominant share of the “accessible luxury” handbag market.
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Joe Raedle/Getty Images via Getty Images
Fast fashion clothing worn less, kept for shorter time than resold luxury: report
Vestiaire Collective found that buying used, high-end goods is 33% more affordable than buying new fast fashion based on cost-per-wear metrics.
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Courtesy of Eileen Fisher
Eileen Fisher hosts inaugural resale e-commerce ‘Earth Day Takeover’
The company’s Renew program directed online shoppers toward pre-worn garments rather than new ones as part of a larger take-back initiative.
