The Latest
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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.
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Athleisure is top dog in the teen closet: Here’s what the numbers say
Nike remains the top clothing brand for teens but is losing mindshare.
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EssilorLuxottica growth slows in Q1 as North America revenue lags
The luxury eyewear company saw modest gains, but noted that strong earnings in 2023 made comparisons challenging.
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Nuuly releases capsule collection made from its retired inventory
The 10-piece line was created in collaboration with Zero Waste Daniel, a designer known for making items from pre-consumer waste.
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New Gildan CEO announces strategic plan, preliminary Q1 revenue
The activewear company, which is weighing potential sale bids in the midst of a proxy battle, expects a 1% revenue decline.
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Asics creates a circular shoe, returns program
The sporting goods company designed a shoe ready to undergo recycling at the end of its use.
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Cotton used by H&M and Zara linked to illegal deforestation: report
A year-long investigation by nonprofit Earthsight found that fiber certified by ethical supply chain organization Better Cotton was grown on "stolen" and "deforested" land in Brazil.
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Adidas raises guidance for the year as Yeezy leftovers keep on giving
But the sneaker giant is building momentum beyond the now-discontinued sub-brand, and CEO Bjørn Gulden’s turnaround seems to be taking hold.