Dr. Martens reaches revenue milestone while sales in the Americas disappoint

The footwear company attributed its struggle in the region to a poor transition of distribution centers and its marketing campaigns.

By Dani James • June 2, 2023

Patagonia sues Nordstrom, claiming counterfeit sales at Rack

The brand recently stopped selling via the department store and its off-price stores and discovered the alleged fakes this year, per court documents.

By Daphne Howland • June 1, 2023

Converse taps North America VP as new CEO

Nearly a dozen people have changed roles in the retailer’s executive ranks in recent months.

By Nate Delesline III • May 31, 2023

Simone Bellotti named design director of Bally

He moves into the top design role in the wake of Rhuigi Villaseñor’s sudden departure earlier this month.

By Lara Ewen • May 31, 2023

Journeys to close 100 stores this year, move away from malls

The number is up from a previous estimate of 60 locations and will save up to $40 million, according to parent company Genesco.

By Tatiana Walk-Morris • May 30, 2023

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.

By Daphne Howland • May 26, 2023

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.

By Lara Ewen • May 25, 2023

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.

By Cara Salpini • May 25, 2023

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.

By Laurel Deppen • May 24, 2023

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.

By Laurel Deppen • May 23, 2023

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.

By Dani James • May 19, 2023

Shein raises $2B but valuation drops: WSJ

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

By Laurel Deppen • Updated May 18, 2023

Burberry sales rebound despite weak US showing

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

By Lara Ewen • May 18, 2023

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.

By Lara Ewen • Updated May 17, 2023

Bally’s creative director is out

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

By Lara Ewen • May 17, 2023

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.

By Dani James • May 17, 2023

Maison Margiela CEO resigns

Gianfranco Gianangeli has led the OTB-owned house since 2020, and a successor has not been named.

By Lara Ewen • May 12, 2023

Adidas plans to sell some of its Yeezy inventory and donate the money

CEO Bjørn Gulden said Thursday that burning the $1.3 billion worth of products was not the solution.

By Cara Salpini • May 12, 2023

Prada Group Q1 sales soared to over $1.16B

The surge was driven by strong retail sales and growth for the Miu Miu brand, which was up 42%.

By Lara Ewen • May 12, 2023

Tapestry’s Q3 revenue growth fueled by young consumers

The company says it acquired 1.2 million new customers in North America, approximately half of whom were Gen Z and millennials.

By Lara Ewen • May 12, 2023

Wolverine is ‘exploring strategic alternatives’ for Sperry

CEO Brendan Hoffman said during an earnings call that the footwear company needs to focus on its core brands, including Merrell, Saucony and Sweaty Betty.

By Lara Ewen • May 11, 2023

More executive departures at Gucci

EVP Piero Braga is leaving to serve as CEO of Slowear, just a week after Robert Triefus departed to lead Stone Island.

By Lara Ewen • May 11, 2023

ThredUp lists on alternative stock exchange

The resale company will commit to a vision for sustainable and inclusive business practices on the Long-Term Stock Exchange.

By Nate Delesline III • May 9, 2023

Bidayat to relaunch 1970s Italian fashion brand Walter Albini

The Swiss investment firm founded by Rachid Mohamed Rachid purchased the label’s archives and intellectual property for an undisclosed amount.

By Lara Ewen • May 9, 2023

Fashion Group International adds gender-neutral categories for Rising Star Awards

In addition to handing out the honors last night, FGI launched its first mentorship program.

By Howard Ruben • May 9, 2023