Corporate/Finance: Page 13
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Courtesy of Universal Standard
Q&AUniversal Standard’s CEO talks inclusivity, legacy and brand-building
As Polina Veksler expands her business, she also wants to push the fashion industry to be more size inclusive.
By Lara Ewen • Aug. 21, 2024 -
Courtesy of Unified Commerce Group
Steve Madden sells Greats to Unified Commerce Group
The upscale sneaker label will join apparel brands Frank And Oak and Spiritual Gangster on the growing retail platform.
By Lara Ewen • Aug. 20, 2024 -
Guess CFO resigns after one year
The finance chief’s abrupt departure comes on the heels of the apparel manufacturer’s deal earlier this year to buy the trendy fashion brand Rag & Bone.
By Maura Webber Sadovi • Aug. 20, 2024 -
Noam Galai via Getty Images
Fabrizio Freda prepares to step down as Estée Lauder CEO
Freda has been at the helm for 16 years and will exit in the midst of a turnaround that has entailed layoffs and other leadership change.
By Daphne Howland • Aug. 19, 2024 -
Courtesy of Wrangler
Wrangler launches Hot Wheels collaboration
The Kontoor-owned brand is positioning the capsule as “nostalgia-driven” following last year’s successful Barbie collection.
By Laurel Deppen • Aug. 19, 2024 -
Spencer Platt via Getty Images
Goodwill launches secondhand textile traceability study
The new effort follows a two-year pilot program in which the nonprofit found that about 60% of the studied material was recyclable through existing tech.
By Laurel Deppen • Aug. 16, 2024 -
Spencer Platt via Getty Images
Tapestry sales fall amid decreasing revenue at Kate Spade, Stuart Weitzman
The Coach brand remained flat, while its owner still looks to close its acquisition of rival firm Capri by the end of the calendar year.
By Laurel Deppen • Aug. 15, 2024 -
Angela Weiss via Getty Images
Deckers sells Sanuk to apparel brand
The footwear brand will become part of Lolë Brands as the athleticwear company eyes portfolio expansion.
By Laurel Deppen • Aug. 15, 2024 -
Courtesy of Trove
Trove acquires competing resale platform Recurate
The company will oversee 44 partner labels and control up to 80% of branded resale traffic as a result of the deal.
By Lara Ewen • Aug. 14, 2024 -
Courtesy of ThredUp
ThredUp to exit Europe
The secondhand apparel company is also exploring strategic alternatives for Remix. Meanwhile, it reported a drop of nearly 4% in revenue in Q2.
By Kaarin Moore • Aug. 14, 2024 -
Screenshot: Temu
Temu beats out Amazon for budget-conscious consumers: report
Survey data found that shoppers who purchased from both e-commerce giants think Temu is cheaper but Amazon is more convenient.
By Laurel Deppen • Aug. 14, 2024 -
Permission granted by Better Trucks
Shippers maintain diverse carrier mixes in 2024: project44
Retailers and direct-to-consumer companies aren't scaling back their options in a competitive delivery environment.
By Max Garland • Aug. 13, 2024 -
John Lamparski via Getty Images
Perry Ellis inks licensing deal for home goods
The agreement with Pegasus Home Fashions will include bedding for Original Penguin, Laundry by Shelli Segal and Rafaella.
By Laurel Deppen • Aug. 12, 2024 -
Jamie McCarthy via Getty Images
Capri revenue tumbles in Q1 amid softening luxury market
Losses accelerate as the Versace, Michael Kors and Jimmy Choo owner’s pending merger with Tapestry awaits regulatory approval.
By Lara Ewen • Aug. 9, 2024 -
Courtesy of Adidas
Adidas global operations exec Martin Shankland to step down
After a nearly 30-year career, Shankland’s responsibilities will be passed on to CFO Harm Ohlmeyer and Senior Vice President of Sourcing Hoa Ly.
By Nate Delesline III • Aug. 8, 2024 -
Courtesy of HanesBrands
HanesBrands to become ‘simpler, more focused business’ following Champion sale
The innerwear company saw Q2 net sales decline 4% year over year.
By Laurel Deppen • Aug. 8, 2024 -
Ben Pruchnie via Getty Images
Wolverine revenue falls nearly 30%
Despite declines at three of its largest brands, the Merrell parent company’s CEO said the results were better than expected.
By Laurel Deppen • Aug. 8, 2024 -
Keith Tsuji via Getty Images
VF revenue remains down despite ‘modest improvement’ at Vans
The struggling sneaker brand is showing signs of recovery in Europe, the Middle East and Africa, as its holding company works to boost its desirability.
By Laurel Deppen • Aug. 7, 2024 -
Arturo Holmes via Getty Images
Ralph Lauren net income up 28%
The firm bucked larger luxury industry trends as global DTC sales increased, but North America revenue dropped amid wholesale declines.
By Lara Ewen • Aug. 7, 2024 -
Cara Salpini/Fashion Dive
Under Armour chief consumer officer exits as 26-year Adidas veteran joins the brand
Jim Dausch is leaving at the end of the month as Eric Liedtke, former brand president at Adidas, joins the company to lead brand strategy.
By Cara Salpini • Aug. 7, 2024 -
Kontoor revenue falls 1% as wholesale remains a challenge
The Lee and Wrangler parent’s CEO said the company is on track to generate $100 million in profit improvement and savings through its transformation initiative.
By Laurel Deppen • Aug. 5, 2024 -
Courtesy of Gildan
Gildan Activewear underwear sales fall
The earnings call was CEO Glenn Chamandy’s first since being reinstated following a months-long proxy battle.
By Laurel Deppen • Aug. 2, 2024 -
Adidas CEO: ‘You have to be more American to be successful in America’
With sales in North America down 7% in Q2, CEO Bjørn Gulden said the athletics brand is leaning into American sports like basketball and baseball.
By Cara Salpini • Aug. 2, 2024 -
Vittorio Zunino Celotto via Getty Images
Ferragamo profit plummets 73%
First-half revenue was down in every region and every product category.
By Lara Ewen • Aug. 2, 2024 -
Courtesy of Authentic Brands Group
Authentic signs new Ted Baker partners
Design, manufacturing and wholesale in the U.S. and Canada will be handled by three licensing companies.
By Lara Ewen • Aug. 2, 2024
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