Columbia wants to attract ‘younger and more active consumers’ with new strategy

The company announced a plan to grow its namesake brand during its Q3 earnings report, in which it saw a 5% net sales decrease.

By Laurel Deppen • Oct. 31, 2024

Draper James hires Michael Kors veteran as CEO

New CEO Jeannie Yoo also stepped into an advisory role with Consortium Brand Partners, which took a majority stake in the brand a year ago.

By Howard Ruben • Oct. 31, 2024

Prada Group revenue challenges luxury slowdown narrative

Overall group retail sales were up 15% for the first nine months, and the Miu Miu brand was up 97% for the period.

By Lara Ewen • Oct. 30, 2024

VF saw revenue decline at each of its brands, but shares soar after earnings

The Vans owner has been undergoing a turnaround effort over the last year, and its CEO said its beginning to see results.

By Laurel Deppen • Oct. 29, 2024

Esprit US subsidiaries file for bankruptcy

The Chapter 7 notices come in the wake of more than a dozen similar filings from Esprit Holdings subsidiaries around the world.

By Lara Ewen • Oct. 29, 2024

The RealReal CEO out after less than 2 years

Rati Sahi Levesque, who helped found the company in 2011, has replaced John Koryl, who arrived in February last year and has now left the company.

By Daphne Howland • Oct. 29, 2024

Consumer demand, star ambassadors key to Skechers ‘record’ Q3 growth of $2.4B

The footwear company is trying to sustain its momentum by pushing deeper into its product offering for team-based sports.

By Nate Delesline III • Oct. 28, 2024

Shein launches its first credit card

The fast fashion giant is partnering with Mexico-based fintech company Stori to introduce the card, which is supported by Mastercard.

By Laurel Deppen • Oct. 25, 2024

Hermès contradicts luxury sector downturn with double-digit revenue growth

Strong performance in the leather goods division led to Q3 upticks in every region, despite a slowdown in parts of Asia.

By Lara Ewen • Oct. 25, 2024

Tapestry and Capri merger blocked in win for FTC

The owners of Coach and Michael Kors plan to appeal the decision, but experts say it’s unlikely the deal will go through.

By Laurel Deppen • Updated Oct. 25, 2024

Kering projects a 47% operating income drop in 2024

Declines at Gucci and Yves Saint Laurent in the third quarter were offset slightly by an uptick at Bottega Veneta, but the company’s overall downward trend persisted.

By Lara Ewen • Oct. 24, 2024

Ex-Abercrombie CEO Mike Jeffries arrested on sex trafficking, prostitution charges

Federal prosecutors say Jeffries leveraged his position at the apparel retailer, including promising men modeling jobs, to further the alleged crimes.

By Daphne Howland • Oct. 24, 2024

Gen Phoenix creates 2 new executive roles

The recycled leather company named a chief revenue officer and a chief strategy officer as it works to expand its market reach.

By Laurel Deppen • Oct. 23, 2024

Mulberry’s board joins majority shareholder in rejecting Frasers acquisition bid

This was the minority shareholder’s latest offer to acquire the shares it did not already own in the luxury company.

By Lara Ewen • Oct. 23, 2024

Thom Browne pulls Zegna Group Q3 revenue down 8%

Luxury sector challenges hit all the company’s brands, including Tom Ford Fashion and its namesake label.

By Lara Ewen • Oct. 22, 2024

Levi Strauss taps Maersk for fulfillment and logistics

The logistics provider opened an omnichannel facility in Ohio to service Levi’s wholesale, retail and e-commerce channels.

By Alejandra Carranza • Oct. 22, 2024

Sway scaling compostable seaweed-based polybags with fashion brands

Prana, Faherty and other brands will begin using the bags to package items like shirts and shorts. California-based material innovation startup Sway says the next applications it’s eyeing include mailers and multilayer packaging.

By Maria Rachal • Updated Oct. 25, 2024

EssilorLuxottica sees slight revenue increase as it looks to solidify its position in med-tech

The Ray-Ban owner’s partnership with tech giant Meta for wearables was one of its “strongest drivers of the quarter.”

By Laurel Deppen • Oct. 18, 2024

Adidas momentum continues with 7% sales growth

Preliminary results for the third quarter also showed that, excluding Yeezy sales from this year and last, currency-neutral revenue surged 14%.

By Cara Salpini • Oct. 17, 2024

Ferragamo predicts more revenue declines in 2024

After reporting a 9.6% year-over-year drop in Q3, the luxury company’s CEO said he expects the downward trend to continue.

By Laurel Deppen • Oct. 16, 2024

LVMH continues to be hit by luxury sector challenges

Fashion and leather goods revenue was down 6% for the third quarter due in part to softening demand throughout Asia.

By Lara Ewen • Oct. 16, 2024

Lorenzo Serafini named creative director of Alberta Ferretti

The former Ferretti diffusion line designer replaces the brand’s founder, who stepped down from her role in September after 24 years.

By Lara Ewen • Oct. 16, 2024

Altuzarra and P180 to launch online rental

The brand is partnering with a firm co-founded by former Wolverine CEO Brendan Hoffman to change the way consumers engage with luxury fashion.

By Lara Ewen • Oct. 15, 2024

Nike shakeup continues with appointment of new North America chief

A week after a new CEO arrives, Tom Peddie shifts from vice president of marketplace partners to replace Scott Uzzell, who is leaving.

By Daphne Howland • Oct. 14, 2024

Sustainable materials firm Modern Meadow names new CEO

David Williamson will take on the top spot after previously serving as president and COO.

By Laurel Deppen • Oct. 14, 2024