Corporate/Finance: Page 2
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Anna Moneymaker/Staff via Getty Images
Trump’s tariffs: How manufacturers can prepare
Frontloading commodity imports could be a temporary solution, but diversified sourcing will be critical long term, experts say.
By Kate Magill • Nov. 14, 2024 -
Drew Angerer/Getty Images via Getty Images
Tapestry and Capri terminate merger agreement
After losing a lawsuit against the FTC, both companies agreed to cancel the deal, calling the legal process “uncertain and unlikely to be resolved.”
By Laurel Deppen • Nov. 14, 2024 -
Explore the Trendline➔
Aurelien Meunier via Getty Images
TrendlineTop 5 stories from Fashion Dive
Fashion faced its share of shakeups in the first half of 2024, but few industries are more adept at reinvention or more suited to change.
By Fashion Dive staff -
John Nacion via Getty Images
Phillip Lim announces departure from eponymous label
The creative director and co-founder of 3.1 Phillip Lim is stepping down after almost 20 years, calling his tenure “an adventure of a lifetime.”
By Lara Ewen • Nov. 13, 2024 -
jetcityimage via Getty Images
Shein will continue to face RICO charges in copyright infringement lawsuit
A federal judge denied the fast fashion giant’s request to dismiss racketeering claims.
By Laurel Deppen • Nov. 13, 2024 -
Steve Madden to slash China sourcing as tariff concerns escalate
The fashion brand is among several companies looking to limit their exposure to President-elect Donald Trump's promised tariff hikes.
By Philip Neuffer • Nov. 13, 2024 -
Courtesy of Vuori
With latest investment, Vuori’s valuation hits $5.5B
An $825 million infusion led by General Atlantic and Stripes will fortify the athleisure brand’s already formidable challenge to market leader Lululemon.
By Daphne Howland • Nov. 12, 2024 -
Pascal Le Segretain via Getty Images
Richemont struggles continue as first half operating profits fall 17%
Sharp declines in the company’s watch division were slightly offset by single-digit gains elsewhere, but losses in China continued to weigh on revenue.
By Lara Ewen • Nov. 11, 2024 -
Steve Madden continues to see boost from Almost Famous acquisition
The company’s wholesale division has benefited in the year since the deal, particularly in accessories and apparel.
By Laurel Deppen • Nov. 11, 2024 -
Courtesy of StockX
StockX co-founder to take over as CEO amid declines in sneaker resale
Greg Schwartz, who has been the company’s chief operating officer since its 2016 launch, will replace Scott Cutler, an early investor.
By Daphne Howland • Nov. 11, 2024 -
Michael M. Santiago via Getty Images
Capri revenue falls sharply as hopes of a Tapestry merger dim
Jimmy Choo saw single-digit growth, while the company attributed second quarter declines at Versace and Michael Kors to soft luxury demand.
By Lara Ewen • Nov. 8, 2024 -
Courtesy of HanesBrands
HanesBrands expects to return to revenue growth in Q4
Following the sale of Champion, the company is looking to distinguish itself as a focused innerwear business, and some analysts think it’s working.
By Laurel Deppen • Nov. 8, 2024 -
Theo Wargo via Getty Images
Ralph Lauren sees 6% revenue boost, driven by strong retail sales
The company increased its average unit retail price by 10% and raised its full-year fiscal 2025 outlook.
By Lara Ewen • Nov. 8, 2024 -
Michael M. Santiago via Getty Images
Tapestry logs better-than-expected net sales, driven by Coach
The Kate Spade and Stuart Weitzman owner said it wouldn’t pursue more mergers in the near term if its Capri Holdings acquisition failed.
By Laurel Deppen • Nov. 7, 2024 -
Retrieved from Saucony on November 07, 2024
Wolverine World Wide losses narrow as fiscal 2024 outlook improves
CEO Chris Hufnagel said Saucony outpaced company forecasts despite a 10% drop in Q3 revenue at the brand.
By Lara Ewen • Nov. 7, 2024 -
Kent Nishimura via Getty Images
5 ways the election will impact fashion
Once a new administration is in place, policy shifts and legislative changes may have wide-ranging impacts on the industry, both at home and abroad.
By Laurel Deppen , Lara Ewen • Nov. 6, 2024 -
Cara Salpini/Fashion Dive
Deep DiveDTC is dead. Long live DTC.
As a channel, it remains key to growth for many retailers. But the era of the DTC brand as we know it is over.
By Cara Salpini • Nov. 6, 2024 -
Retrieved from Hawke & Co. on November 05, 2024
Outerwear brand Hawke & Co. to relaunch
The company hired Michael Macko, previously of Saks Fifth Ave, as fashion director.
By Laurel Deppen • Nov. 5, 2024 -
Vittorio Zunino Celotto via Getty Images
Hugo Boss reports third straight quarter of muted sales
The company attributed its weak numbers to a “persistently challenging market environment.”
By Lara Ewen • Nov. 5, 2024 -
Chip Somodevilla / Staff via Getty Images
De minimis overhaul will start before next president: former Biden official
A rulemaking proposal being issued by early December is very likely, according to former White House COVID-19 supply coordinator Tim Manning.
By Max Garland • Nov. 5, 2024 -
Retrieved from Dennis Sylvester Hurd.
Kontoor Brands sees quarterly revenue grow for the first time since last year
The Wrangler and Lee parent company expects gains to continue in Q4, which leadership attributed to a transformation initiative.
By Laurel Deppen • Nov. 4, 2024 -
Screenshot: Temu
Temu under EU Commission probe
The Commission opened formal proceedings to determine if the fast fashion giant violated the Digital Services Act.
By Laurel Deppen • Nov. 4, 2024 -
Arturo Holmes/Getty Images for The Children's Place, Inc. via Getty Images
The Children’s Place launches storefront on Shein
The deal allows the retail company to distribute its products through the fast fashion giant’s platform and diversify its omnichannel strategy.
By Laurel Deppen • Nov. 1, 2024 -
Courtesy of Gildan
Gildan gains market share in printwear, but still sees decline in underwear sales
The company reported record revenue for Q3 as it continues its growth strategy.
By Laurel Deppen • Nov. 1, 2024 -
Courtesy of Adidas
Adidas reaches settlement with Ye as Yeezy inventory dwindles
The brand says it has momentum, though some analysts wonder what will follow the current hype around its legacy Terrace styles.
By Daphne Howland • Nov. 1, 2024 -
The image by Michael Rivera is licensed under CC BY-SA 4.0
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
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