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  • A building with a pitched roof and "Athleta" in big block letters is seen at a slant from below.
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    Daphne Howland/Fashion Dive
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    Gap Inc. losses shrink in Q1 as sales continue to slide

    Major cost cuts, including the elimination of some 2,300 jobs in recent months, are helping stabilize the bottom line.

  • A black-and-white handbag is seen being held on the Chanel runway.
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    https://www.gettyimages.com/detail/news-photo/model-bag-detail-walks-the-runway-during-the-chanel-news-photo/1471870476?adppopup=true via Getty Images
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    Chanel sales rise to a record $17B

    The privately owned luxury house plans to increase its workforce and expand its London headquarters in the coming year.

  • A worker is seen in a cotton field.
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    Guang Niu/Getty Images via Getty Images
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    Garments, textiles among most at-risk products of being manufactured with forced labor: report

    In Walk Free’s 2023 Global Slavery Index, project leaders analyzed which items may have forced labor hidden in their supply chains.

  • A headshot of Nike executive Craig Williams against a grey background.
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    Courtesy of Nike
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    In massive executive shuffle, Nike names new Jordan president

    Craig Williams will take on a new role as president of geographies and marketplace, while Sarah Mensah takes on Jordan. The retailer also named a new head of North America.

  • A shopper is pictured through the window of a department store, looking through a clothing rack.
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    Joe Raedle/Getty Images via Getty Images
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    Highest earners are holding back their apparel spend: report

    After years of outperformance, consumers earning $150,000 or more per year are spending less on fashion and more on experiences, data from Earnest shows.

  • A Chanel sign is pictured outside of its retail store
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    Drew Angerer/Getty Images via Getty Images
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    Chanel buys partial stake of Italian yarn maker Cariaggi

    The French luxury fashion house teamed up with Brunello Cucinelli in a joint agreement, with both now owning 24.5% of the natural fibers supplier.

  • Ludovic de Saint Sernin is pictured on a runway wearing his collection.
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    Thierry Chesnot/Getty Images via Getty Images
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    Ludovic de Saint Sernin departs Ann Demeulemeester: reports

    De Saint Sernin designed only one collection for the luxury brand.

  • Piles of textiles sorted by color sit on racks and tables in a big warehouse.
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    Courtesy of ReCircled, photo credit: Emily Garrick, RA Productions
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    Textile recycling, reuse missing from FTC’s Green Guides, group says

    Companies and advocates in the textile and fashion industries are urging the Federal Trade Commission to add the issue to its ongoing workshops.

  • Helena Helmersson speaks at a fashion summit.
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    Ole Jensen/Getty Images for Copenhagen Fashion Summit via Getty Images
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    H&M CEO Helena Helmersson named Fashion Pact co-chair

    The group, led by 15 fashion CEOs, includes representatives of brands, retailers and suppliers committed to reducing the industry’s carbon footprint.

  • A worker walks through two massive piles of trashed clothing
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    Ziga Plahutar via Getty Images
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    EU Council backs plans to strengthen fashion’s sustainability requirements

    The framework would ban destroying unsold textiles, footwear and apparel, as well as establish a digital product passport to increase transparency.

  • Women look through circular racks of clothes at a thrift store event in Brooklyn, New York.
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    Noam Galai via Getty Images
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    The intention gap: when buying and beliefs don’t match

    Consumers say they want more sustainable fashion, but they don’t always put their money where their morals lie.

  • To the right of a mall store entrance, a minimalist gray granite facade features the red and white Lululemon logo and white lettering.
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    Daphne Howland/Fashion Dive
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    Lululemon inks multiyear partnership to recycle nylon, polyester

    The deal with Samsara Eco marks the activewear maker’s first minority investment in a recycling company.

  • A group of Yeezy shoe products on a beige background.
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    Courtesy of Adidas
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    Adidas to start selling Yeezy products at the end of May

    It’s the first time the products have been up for sale since Adidas broke ties with Kanye West, also known as Ye, in October.

  • Spools of yarn are lined on a spinning machine.
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    hxdbzxy via Getty Images
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    Higg rebrands as Worldly

    The company says it wants to avoid confusion with its licensed Higg Index software.

  • A woman in a lavender jumpsuit sits on one hip staring into the distance
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    Courtesy of Nuuly
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    Nuuly partners with plus-size brand Eloquii

    The new partnership between the Urban Outfitters-owned clothing rental service and the plus-size DTC brand is exclusive, and it debuts with 25 styles.

    Updated May 19, 2023
  • Canada Goose's first footwear campaign
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    Courtesy of Canada Goose
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    Canada Goose revenue jumps in Q4 as it focuses on DTC

    The brand is leaning into its direct-to-consumer channel, which saw sales increase 22.6% in the period, as it plans to open 16 stores in fiscal 2024.

  • A Shein store is pictured.
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    Xavi Torrent/Getty Images for SHEIN via Getty Images
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    Shein raises $2B but valuation drops: WSJ

    Despite the new funding, the fast fashion giant’s value has reportedly decreased to $66 billion.

    Updated May 18, 2023
  • Burberry handbags sit in a store window reflecting a grey day.
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    Hollie Adams via Getty Images
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    Burberry sales rebound despite weak US showing

    The fourth quarter boost was aided by a comeback in China, the luxury company’s biggest market.

  • EBay corporate building in Berlin
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    Courtesy of EBay
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    EBay acquires tech company Certilogo to boost secondhand fashion authentication

    Certilogo uses digital tech to give consumers access to information about products and confirm their authenticity. 

  • A the interior of a store glows through the front windows, with a sign reading "Bonobos" in white capital letters above.
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    Courtesy of Express, Inc. and WHP Global
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    Deep Dive

    What’s behind Walmart’s DTC selloffs?

    The retail giant has been ditching its e-commerce acquisitions for years to refocus on its core. But it could also mean a fresh start for Eloquii and Bonobos.

  • A black-and-white picture of a man in a black leather suit jacket, white t-shirt and jeans standing at an angle and staring moodily at the camera
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    Courtesy of Bally
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    Bally’s creative director is out

    Rhuigi Villaseñor is leaving just over a year after joining the Swiss luxury fashion house.

  • A Scotch & Soda storefront in Berlin
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    Courtesy of Scotch & Soda
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    B. Riley acquires equity interest in Scotch & Soda through Bluestar

    The arrangement solidifies financial ties between the financial group and the brand management company, and adds to a growing stable of fashion labels under their control.

    Updated May 17, 2023
  • "Do the right thing" sculpture at the Nike headquarters in 2018
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    Natalie Behring via Getty Images
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    Nike faces lawsuit over greenwashing claims

    A Missouri plaintiff said that 90% of the products Nike advertises as using recycled materials don’t, and that some of the recycled materials themselves are environmentally harmful.

  • A row of black hangers hang on a silver clothes rod with the numbers 18 and 20 on the hanger necks.
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    Chris Jackson via Getty Images
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    Nonplussed: Fashion’s surprisingly big problem with gender and size

    Inclusive clothing ranges regularly leave men and nonbinary people out of the conversation.

  • Customers gather outside a corner concrete store with a banner across the front that reads Shein
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    Presley Ann via Getty Images
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    Shein invests $70M toward upgrading its supply chain

    The company hopes its five-year financial commitment will improve conditions at its third-party manufacturing suppliers.