The Latest
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Shein’s IPO and its quest for legitimacy: analysts weigh in
A public offering from the fast fashion giant could provide capital opportunities in the mainstream market amid competition from the discount e-commerce sector.
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Retrieved from Lacoste on August 16, 2023
Activewear brand Bandier seeks buyer for IP, assets
After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.
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Retrieved from Champion on December 01, 2023
HanesBrands names new global vice president, chief marketing officer at Champion
The company has appointed former Canada Goose exec Richard Mcleod to spearhead strategy and positioning for the struggling athleticwear brand.
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VF Corp lays off 500 salaried employees amid turnaround
The job cuts come weeks after an activist investor demanded the conglomerate slash $300 million in expenses.
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PVH reports increased earnings, but predicts a revenue slide in Q4
While the company is seeing success in positioning the Tommy Hilfiger and Calvin Klein brands for growth, an analyst warns the company still has a long way to go.
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Ralph Lauren veteran takes CFO job at Vince
John Szczepanski takes on a role that has had significant turnover in recent months, as the struggling brand embarks on a turnaround.
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Champion launches sustainable collection with fiber tech firm CiCLO
The collection of crewnecks and joggers comes as HanesBrands works to position the brand for growth and attract a younger consumer.
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Farfetch calls off Q3 2023 earnings announcement
The results report was canceled the day before it was scheduled to occur and there is speculation that the company is planning to go private.
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Retrieved from Google on Nov. 21, 2023.
Saks to lay off 90 at Pennsylvania fulfillment center
The cuts are slated to begin in January as the e-commerce retailer shifts volume to more advanced facilities.
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Temperley London sells majority stake to Dubai-based investment firm
The British luxury house’s namesake Alice Temperley will stay on as creative director while the brand looks to launch bags, shoes and ready-to-wear.
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Gucci staff in Rome strike to protest relocation plans
The move would shift the Kering-owned house’s design studio from Rome to Milan and affect a reported 153 out of 219 employees.
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Shein reportedly files for IPO
The fast fashion giant had reportedly been eyeing the move all year, against a backdrop of scrutiny from U.S. lawmakers over its supply chain practices.
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TrusTrace partners with UK apparel retailer on supply chain software
New Look will use TrusTrace’s tech to help reach some of the company’s sustainability goals, which include reaching net-zero by 2040.
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Abercrombie & Fitch sales jump 20% in Q3
The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.
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Golden Goose asks court to dismiss New Balance’s ‘dad shoe’ infringement complaint
The streetwear brand claims the athleticwear giant failed to allege its rights in the complaint over the Dad-Star sneaker.
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Early holiday luxury apparel sales stagnate: report
While Black Friday online apparel shopping surged, aspirational shoppers have pared back spending on high-end goods on the heels of economic headwinds.
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Nordstrom pushes Rack expansion as full-line fleet contracts
Analysts question the emerging dependence on an off-price business that is struggling to compete in an otherwise thriving segment.
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Temu granted injunction against alleged ‘dupe’ websites
The order prevents the websites from using the fast fashion giant’s name and color scheme.
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Puma to release new Rihanna sneaker
The Creeper Phatty is a reimagined version of the original 2015 shoe the musician created for the company.
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Adore Me launches sustainability accelerator
The Victoria's Secret-owned lingerie brand is working with four startups on technology to lessen the impact of manufacturing processes.
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Garments burned for fuel in Cambodia factories causing health and environmental issues
Waste from 19 companies including Adidas, Gap and Lululemon has been identified by the Cambodian League for the Promotion and Defense of Human Rights.
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Authentic inks licensing deal for Quiksilver, Billabong, Roxy kids apparel
Centric brands will handle the design, manufacturing and distribution in the U.S. and Canada.
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Foot Locker, NBA sign multiyear marketing deal
The footwear retailer, which has seen sales fall for three consecutive quarters, will become an official league marketing partner in the U.S.
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Retrieved from Anya Hindmarch on November 17, 2023
Uniqlo’s collab with Anya Hindmarch adds deconstructed details to fast fashion knitwear
The collection features sweaters and accessories for women and children.
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Kohl’s president, COO exits after less than a year
Dave Alves took on the roles this spring.