The Latest
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Burberry profits fall by more than a third in 2023
The London-based luxury house had an especially challenging fourth quarter with overall revenue for the year falling 4%.
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California Gov. Newsom says climate bills are ‘funded’ in his revised state budget
The governor’s original budget proposal for 2024-2025 left out funding needed to implement climate disclosure bills SB 253 and SB 261 — an omission met with much criticism.
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Gap launches collab with Dôen
The 51-piece collection features women’s and children’s apparel, including a “feminine take” on Gap’s classic styles.
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Tory Burch gets a new North America president
Former Clarins executive Christophe de Pous will join two additional leadership hires as the company expands its global presence.
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Adore Me launches AI design tool
AM by You, which uses generative AI, allows consumers to create their own customized bralette and panty set.
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Salvatore Ferragamo revenue drops more than 18%
The decline was attributed to poor DTC performance in China and Korea as well as weak global wholesale.
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Allbirds revenue plummets 28% in Q1 as CEO says the brand is ‘executing with urgency’
Joe Vernachio said the retailer shuttered three stores in the quarter and is on track with its planned closures, which will amount to 10 to 15 this year.
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Eastside Golf steps into women’s apparel
The collection includes more than 20 pieces that will be released throughout May.
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Aeffe revenue down 14% in Q1
The company is repositioning its Moschino brand following the January appointment of creative director Adrian Appiolaza.
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Gap names new global CMO amid push to revitalize brand
Fabiola Torres joins the retailer from PepsiCo and was lauded for her ability to connect with globally diverse consumers.
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Cascale’s new CEO is approaching the role as a mission
Colin Browne, most recently of Under Armour, was appointed shortly after the nonprofit coalition's rebrand.
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Champion remains a drag on HanesBrands’ earnings
Global sales for the activewear brand fell 26% in the first quarter, as the company considers selling it off.
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Tapestry Q3 sales down as smaller brands continue to struggle
Against the backdrop of an FTC lawsuit, Coach sales were flat, and Kate Spade and Stuart Weitzman continued to decline.
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Top 5 fashion industry trends from the 2024 Met Gala
At fashion's biggest party, celebrities wore tulle, vintage, pastels and flowers to celebrate the latest exhibition at the Metropolitan Museum of Art’s Costume Institute.
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EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply
Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.
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Heydude still a drag on Crocs in Q1
Former Ulta exec Susan Healey has been appointed chief financial officer, replacing Anne Mehlman, now Crocs brand chief.
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Wolverine World Wide names new CFO, reports 34% revenue decline
Despite the revenue dip, the Merrell owner said results were better than expected as it continues restructuring plan.
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Amazon’s Summer Beauty Haul returns
The beauty savings event is back for the second year — following the company teasing a July return to Prime Day.
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Adidas’ request for new trial in Thom Browne stripes lawsuit denied
The athleticwear company and the Zegna-owned brand have been involved in various legal disputes since 2021.
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Hugo Boss momentum slows following record growth
The company's sales were up in the first quarter but have stalled considerably since last year.
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UPS’ Happy Returns now powers Shein returns at Forever 21 stores
The company launched a cross-brand capability for online orders returned at stores as it pursues deals with more enterprise retailers.
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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 -
Banana Republic’s CEO is out
Sandra Stangl arrived in 2020 and oversaw the addition of home goods, her forte, at a tough time for the category.
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QVC launches exclusive collection with designer Nicole Miller
The collaboration marks the first time the brand has worked with the shopping network since Gordon Brothers became a majority shareholder.
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Stefano Rosso named Marni CEO
The executive will retain his position as chairman of Maison Margiela, board member of the OTB Group and CEO of Brave Virtual Xperience.