The Latest
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H&M releases selections from previous designer collaborations
Items from partnerships with Karl Lagerfeld, Mugler, Moschino and others will be available through the store’s pre-owned initiative.
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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.
Updated Oct. 25, 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.
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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.
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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.
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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.
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Miu Miu is the world’s hottest brand again, although luxury’s power is slipping: report
The Q3 Lyst Index revealed a new roster of contemporary and premium brands vying for a place in high-end closets.
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Zara launches repair, resale and donation services in the US
The Inditex-owned company is positioning the program as a step toward its goal of achieving carbon neutral emissions by 2040.
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Victoria’s Secret Fashion Show promised equity, provided entertainment
After a six-year hiatus, the live event returned with new models, runway veterans and plenty of confetti.
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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.
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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.
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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.
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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.
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True Religion enlists Megan Thee Stallion to tap into hip-hop culture
The rapper is “hotter than hot right now” and makes the holiday campaign a “milestone moment” for the brand, according to CMO Kristen D’Arcy.
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Narrow, horizontal silhouette handbags are 2024’s ‘it’ bag: report
Luxury resale platform Fashionphile released its top selling handbags and accessories and predicted future trends.
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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.
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Champion releases collab with the MoMA Design Store
The collection includes hoodies, shirts and jackets inspired by the athleticwear brand’s archives.
Updated Oct. 23, 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.
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.”
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Deep Dive
Why apparel companies embrace supplier scorecards
The tool can help build more transparent sourcing relationships and better measure supply chain metrics.
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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.
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EBay expands fashion circularity fund with $1.2M investment
Startups and small businesses can apply for financing to launch services like apparel rental and repair.
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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%.
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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.
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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.