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Old Navy regains momentum in Q3 as Gap Inc. shows signs of recovery
But Athleta's promise as a growth engine seems further away as both sales and comps plunged nearly 20%.
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Getting schooled by Chris Echevarria
A new menswear line from the Blackstock & Weber founder wants to make a case for grown-up uniform dressing.
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Columbia names new president of Sorel brand
Cory Long has previously held management and director roles at DC Shoes, Asics, Supra and Converse.
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Christian Louboutin, Meta launch legal complaint against alleged counterfeiter
The companies claim Louboutin’s trademarks were violated, including its red sole mark, which has been the subject of previous legal disputes.
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Burberry profit drops 18%, joining other companies in a luxury slump
While revenues were up 4%, an 8% drop in wholesale and a 9% sales decline in the Americas has hurt the company’s overall outlook.
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Sustainable Apparel Coalition CEO to step down
Amina Razvi will leave the nonprofit coalition of fashion industry brands in December.
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Amid another leadership shakeup, Nike hires ex-Amazon Fashion chief
Muge Erdirik Dogan spent 16 years at the e-commerce giant, leading the apparel business for three. Her hire is just one of a slew of changes Nike announced.
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Authentic inks partnership for Geoffery Beene tailored clothing
Roffe Accessories will handle the design, production and distribution of men’s and boys’ tailored clothing in the U.S. and Canada.
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Vestiaire bans H&M, Uniqlo, Urban Outfitters, Zara and more from its platform
The site now prohibits customers from reselling 60 brands it considers fast fashion and harmful to the environment.
Updated Nov. 17, 2023 -
Personal luxury goods market projected to grow 4% by the end of 2023: report
The market is expected to soften through Q4 and into 2024, said Bain and Company, hampered by slow recovery in the U.S. and macroeconomic tensions in China.
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On’s net sales jump 46.5% in Q3 as it plans to slow wholesale expansion
The athletics brand saw DTC net sales increase 54.6% and raised its full-year outlook again to project an annual growth rate of over 46%.
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Skechers settles patent dispute with nonslip shoe maker
Laforst Shoes can no longer sell the infringing shoe design, a federal judge ruled.
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Luxury resale platform Rebag partners with ThredUp
The collaboration expands the portfolio of items customers can trade in for Rebag credit.
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Retrieved from Sperry on November 09, 2023Deep Dive
Rocking the boat shoe: Sperry’s search for a lifeline
Wolverine is looking to unload its 88-year-old lifestyle footwear brand, but finding the right buyer is a hard sell.
Updated Nov. 20, 2023 -
Retrieved from True & Co. on November 13, 2023
PVH Corp. sells innerwear brands in a $160M deal
Warners, Olga and True & Co. will move to privately-held Basic Resources at the end of November.
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Davide Renne, newly appointed creative director for Moschino, has died
The designer, who took on the role on Nov. 1, was set to show his first collection for the house in February.
Updated Nov. 13, 2023 -
Richemont sales rise 6% in H1, led by double-digit growth in Asia
Sales in the Americas were soft, however, and the company’s online sales dropped 7% as it prepared to finalize its sale of YNAP to Farfetch.
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Capri reports 8.6% revenue drop ahead of Tapestry merger
A new Michael Kors e-commerce website resulted in $50 million of unanticipated Q2 losses, but every brand in the company’s stable suffered high single-digit declines.
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Cotton traceability program may help fashion and textile brands track sourcing
Nonprofit initiative Better Cotton believes its new platform, once completed, will improve transparency within cotton supply chains.
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HanesBrands activewear sales down 16.8% as it considers Champion deal
Hanes had previously announced a licensing deal with G-III Apparel Group as Champion undergoes a revamp.
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Allbirds Q3 revenue drops over 21%, forecasts soft holiday season
The lifestyle brand reported a higher net loss and a decline in gross profit, with one analyst characterizing it as a "disastrous quarter."
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Tapestry reports flat revenue and mild sales growth for Coach ahead of Capri merger
Kate Spade and Stuart Weitzman saw declines as consumer appetite for high-end goods continues to wane.
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Timberland global brand president to step down
Susie Mulder is leaving the VF Corp.-owned brand after two and a half years.
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Yeezy brings in $375M for Adidas in Q3, as overall net sales fall 6.4%
The company is undecided about how to handle remaining stock from a collaboration it nixed a year ago over problematic behavior from Ye.
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Temu app contains ‘most dangerous’ spyware in circulation: class action lawsuit
The complaint alleges that the fast fashion giant gains access to “literally everything on your phone” once its app is downloaded.
Updated Nov. 13, 2023