Corporate/Finance

  • A model walks the runway at the Moschino fashion show wearing a purple high-low skirt and knee-high black boots and carrying a Moschino bag.
    Image attribution tooltip
    Tristan Fewings via Getty Images

    Moschino’s general manager, Stefano Secchi, is out

    The departure comes after a tumultuous month for the house, which recently saw the exit of Creative Director Jeremy Scott and Michelle Stein, president of parent company Aeffe’s USA division.

    By • March 31, 2023
  • Lululemon storefront.
    Image attribution tooltip
    Kaarin Vembar/Fashion Dive

    Lululemon revenue surges 30% in 2022, but Mirror drags down results

    The retailer took a $443 million impairment charge on the home workout business in Q4 as it pivots to an app-focused content model.

    By Cara Salpini • March 29, 2023
  • J. Crew sign outside of a store.
    Image attribution tooltip
    "J. Crew, Manchester, CT" by Mike Mozart is licensed under CC BY 2.0

    J. Crew undergoes layoffs

    The apparel retailer has “made decisions to support efficiency and long-term growth,” according to a company spokesperson. 

    By Kaarin Vembar • March 28, 2023
  • A Scotch & Soda storefront in Berlin
    Image attribution tooltip
    Courtesy of Scotch & Soda

    Scotch & Soda acquired by Bluestar Alliance

    The fashion lifestyle brand filed for bankruptcy in the Netherlands last week, and now joins a portfolio that includes Justice and Brookstone.

    By Dani James • March 27, 2023
  • Federal Reserve Chair Jerome Powell.
    Image attribution tooltip
    Scott Olson via Getty Images

    Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

    The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

    By Jim Tyson • March 22, 2023
  • A Nike storefront at The Grove shopping center in Los Angeles, California.
    Image attribution tooltip
    Cara Salpini/Fashion Dive

    Nike touts ‘tremendous progress’ on inventory as sales grow 14%

    Much of the retailer’s recent revenue surge has been driven by markdowns, analysts said, and inventory is still up 16% year over year.

    By Cara Salpini • March 22, 2023
  • At the back of a runway, Jeremy Scott, wearing a white, t-shirt waves
    Image attribution tooltip
    Pier Marco Tacca via Getty Images

    Jeremy Scott exits creative director role at Moschino

    The American designer took over in 2013 and brought his signature sense of humor to the whimsical Italian luxury brand.

    By • March 21, 2023
  • A photo illustration of a purse with NFT coins and a recycle symbol.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images 

    Deep Dive

    Fashion makeover: 5 ways to rethink the industry in 2023

    Analysts say brands have to look beyond NFTs and buzzy collaborations to bring greater agility to its supply chain, transparency to its sustainability efforts and practicality to its tech adoption. 

    By , Shaun Lucas • March 20, 2023
  • Exterior of a brick building with the Etsy name on it.
    Image attribution tooltip
    Courtesy of Etsy

    ‘An existential threat’: Brands react to Silicon Valley Bank’s collapse

    SVB was closed on Friday and taken over by federal regulators, leaving some brands in the dark about how they would access their capital.

    By Dani James • March 13, 2023
  • Mannequins in orange and white stand in a store window to left of a black-trimmed doorway of an Athleta store, others in black and white are on the right.
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    Daphne Howland/Fashion Dive

    More shakeup at Gap Inc. as sales fall, losses mount

    The apparel retailer said it’s close to naming a new CEO, but announced the exit of a few executives, including Athleta chief Mary Beth Laughton.

    By Daphne Howland • March 10, 2023
  • A Nike storefront at The Grove shopping center in Los Angeles, California.
    Image attribution tooltip
    Cara Salpini/Fashion Dive

    Nike taps new head of women’s, DEI

    Changes on the DTC side of the business will help support its digital-led strategy, the company said.

    By Cara Salpini • March 8, 2023
  • Someone stands to left of a store window with a white neon sign that reads "The Levi's Tailor Shop San Francisco."
    Image attribution tooltip
    Daphne Howland/Fashion Dive

    Levi’s CEO: ‘The skinny jean is not going anywhere’

    Baggy styles are on-trend and selling, but the closet staple is hanging around. Meanwhile, the company sees inventory returning to normal by mid-year.

    By Daphne Howland • Jan. 26, 2023