Corporate/Finance: Page 6

  • Models in suits walk between patches of tall grass on a fashion runway.
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    Vittorio Zunino Celotto via Getty Images
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    Hugo Boss warns of flat growth ahead

    The company attributed sluggish 2024 sales to global challenges, but an analyst said its shifting brand philosophy “left it in a no-man’s land.”

    By • March 13, 2025
  • Donatella Versace waves under a spotlight on a runway.
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    Alena Zakirova via Getty Images
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    Donatella Versace stepping down as chief creative officer of Versace

    Dario Vitale will take over the role as part of a succession plan, according to brand owner Capri Holdings.

    By • March 13, 2025
  • A person is knitting on a large turquoise fishing net.
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    Stock via Getty Images
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    Fashion industry ‘nervous’ over potential Vietnam tariffs

    Though the region isn’t as large of a sourcing hub as China, experts say duties on Vietnam would create headwinds for footwear and apparel companies.

    By • March 13, 2025
  • A container ship sits docked at the Port of Oakland on Dec. 9, 2024.
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    Justin Sullivan via Getty Images
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    Retailers to continue frontloading amid tariff tumult: forecast

    A sustained cargo surge at U.S. ports will continue as Trump administration policy uncertainty continues, per the National Retail Federation and Hackett Associates' Global Port Tracker.

    By Philip Neuffer • March 12, 2025
  • Three models are on a boat on a lake, wearing clothing from the Rowing Blazers and Gucci collab
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    Courtesy of Rowing Blazers
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    Rowing Blazers founder steps down

    Jack Carlson is leaving the preppy streetwear brand one year after selling it to Burch Creative Capital.

    By • March 12, 2025
  • A closeup of a Nike store, showcasing the Nike logo with cartoons of people running.
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    Mario Tama via Getty Images
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    Nike, StockX counterfeit lawsuit will head to trial

     A federal judge granted the athleticwear giant a partial summary judgment in the years-long dispute.

    By • March 11, 2025
  • In a black-and-white corporate headshot, a person with a bread and mustache wears a black turtleneck and stares at the camera.
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    Courtesy of OTB Group
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    Simone Bellotti named creative director at Jil Sander

    The former design director of Bally replaces husband-and-wife team Lucie and Luke Meier, who announced their departure from the brand last month.

    By • March 10, 2025
  • A corporate headshot features a man in a gray sweater and short cropped hair looking at the camera.
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    Retrieved from Zelinda Zanichelli/Carven on March 10, 2025
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    Carven names Mark Thomas as director of design

    He replaces Louise Trotter, who became creative director of Bottega Veneta.

    By • March 10, 2025
  • A large, lit-up sportswear store at night.
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    Courtesy of Adidas
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    Adidas: There is ‘not one Yeezy shoe left in our inventory’

    CEO Bjørn Gulden also confirmed 500 jobs at its headquarters are now “obsolete” as it looks to localize operations.

    By Cara Salpini • March 10, 2025
  • A mall store.
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    "Forever 21 International Mall Miami" by Phillip Pessar is licensed under CC BY 2.0
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    Forever 21 will lay off nearly 700, close headquarters

    Nine stores in California and Pennsylvania will close, as Catalyst Brands, which owns the brand’s operations, explores its options.

    By Daphne Howland • March 5, 2025
  • A person walks past a large corner store with a white facade on a sunny day.
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    The image by Diario de Madrid is licensed under CC BY 4.0
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    Prada Group revenue skyrockets in 2024

    The dramatic results came from double-digit retail growth in nearly every region and reflect a 93% increase at Miu Miu.

    By • March 4, 2025
  • A person with shoulder-length hair wearing a black short-sleeved T-shirt.
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    Courtesy of J.Jill
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    J. Jill taps former Ralph Lauren merchant as CEO

    Mary Ellen Coyne’s three decades-plus of retail experience also includes her recent stint as chief executive of J. McLaughlin.

    By Daphne Howland • March 3, 2025
  • A pile of Wolford packages that feature the brand logo in gold foil and models formalwear, lingerie and hosiery.
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    Getty Images for Wolford via Getty Images
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    Lanvin Group closes stores amid a double-digit revenue decline

    The Wolford and Sergio Rossi parent company reported a 23% drop for fiscal 2024 as new creative and leadership appointments look to change momentum.

    By • Feb. 28, 2025
  • In a black-and-white photo, a man with white hair wears a black suit jacket and black T-shirt and leans on one hand while sitting at a glass table. A large painting is behind him.
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    Courtesy of Mattia Zoppellaro for Giuseppe Zanotti
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    Giuseppe Zanotti reacquires minority stake in namesake brand

    The footwear designer bought back a 30% share from LVMH-backed private equity firm L Catteron, which purchased the shares in 2014.

    By • Feb. 28, 2025
  • President Donald Trump speaks during a cabinet meeting at the White House on Feb. 26, 2025.
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    Andrew Harnik via Getty Images
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    Canada and Mexico tariffs will take effect March 4, Trump confirms

    The president will also impose an additional 10% import tax on China next week and hinted at plans to soon levy 25% duties on the European Union.

    By Philip Neuffer • Feb. 28, 2025
  • A man stands slightly behind a woman. Both clasp their hands in gratitude and angle themselves toward the camera.
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    Andreas Rentz via Getty Images
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    Jil Sander creative director team exits

    Lucie and Luke Meier, who have been with the OTB-owned luxury label since 2017, announced their departure following their fall-winter 2025 runway show.

    By • Feb. 27, 2025
  • Storefront of Saks Off 5th.
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    "Saks Fifth Avenue, Off 5th Outlet Factory Store , Clinton CT" by Mike Mozart is licensed under CC BY 2.0
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    Neiman Marcus deal triggers another round of layoffs at Saks Global

    The company in July also downsized operations in anticipation of the $2.7 billion acquisition, which closed at the end of last year.

    By Daphne Howland • Feb. 27, 2025
  • A Kurt Geiger store which features shelves of shoes and plush couches.
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    Courtesy of Steve Madden
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    Steve Madden is ‘cautious’ in the near term due to tariff hikes

    Despite the potential impact, the company still expects revenue to grow in 2025, including the results of the newly acquired Kurt Geiger brand.

    By • Feb. 26, 2025
  • A person with long brown hair in a gray tank dress squats on a rock, on a sandy shoreline, during the day. Her head rests on one hand.
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    Courtesy of Authentic Brands Group
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    Authentic signs license agreement for Quiksilver

    Velocity, which also makes Lucky workwear, will be responsible for reviving the boardsports brand’s womenswear line in the U.S. and Canada.

    By • Feb. 26, 2025
  • A closeup of the Kontoor Brands headquarters, showcasing the signs for Lee and Wrangler.
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    Retrieved from Kontoor Brands on February 25, 2025
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    Kontoor Brands expects revenue growth in 2025, but shares slip

    The Wrangler and Lee parent company’s outlook doesn’t include the projected impact of the newly acquired Helly Hansen brand.

    By • Feb. 25, 2025
  • A large downtown department store.
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    "Saks Fifth Avenue Chicago" by kzoocowboy is licensed under CC BY 2.0
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    Saks Global’s vendor trouble hints at financial vulnerability

    Revenue targets depend on mending relationships with suppliers, analysts say. A memo from CEO Marc Metrick may have made things worse.

    By Daphne Howland • Feb. 25, 2025
  • With puffy clouds in a blue sky, bushes surround a store with the name "JC Penney" in white letters. The store entrance is a brick arch.
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    "JC Penney" by Mike Mozart is licensed under CC BY 2.0
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    J.C. Penney, Eddie Bauer operator lays off 5% of corporate staff

    About 250 people at Catalyst Brands, which also runs Aéropostale, Brooks Brothers, Nautica and Lucky Brand, were let go.

    By Daphne Howland • Feb. 24, 2025
  • A massive downtown department store building.
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    "Exterior view of historic Neiman Marcus flagship store in Dallas, Texas as seen from Commerce Street." by Dfwcre8tive is licensed under CC BY 3.0
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    Saks Global to close century-old Neiman Marcus flagship in downtown Dallas

    The luxury department store's new owner will spend $100 million to renovate an anchor location at the nearby NorthPark Center mall.

    By Daphne Howland • Feb. 21, 2025
  • An aerial view of Wolverine's corporate headquarters.
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    Retrieved from Wolverine World Wide on February 21, 2025
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    Wolverine expects bounce-back year in 2025

    CEO Chris Hufnagel credited the better-than-expected Q4 results to execution of the company’s previously announced restructuring plan.

    By • Updated Feb. 21, 2025
  • A Gildan distribution center is pictured.
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    Courtesy of Gildan
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    Gildan announces CFO succession plan, new executive position

    The company announced the leadership changes on the same day it posted Q4 results showing a 5% year-over-year rise in net sales.

    By • Feb. 20, 2025