The Latest
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Shein fined $1.16M for greenwashing, releases plan to lower supply chain emissions
The fast fashion giant unveiled plans to reduce carbon emissions by replacing diesel trucks with electric vehicles in its China-based operations.
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Hugo Boss sales slip, with 14% decline at Hugo brand
The Germany-based fashion house plans to strengthen its underperforming brands by streamlining product assortment.
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5 court cases that could derail Trump tariffs
Several suits claim the president has overstepped his authority, with a critical proceeding for one case beginning last week in the U.S. Court of Appeals for the Federal Circuit.
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Tapestry completes Stuart Weitzman sale to Caleres
With the divestment of the footwear brand, the Coach parent company will focus on its core handbag business, which has proven to be a better fit for the company.
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Gap launches apparel, luggage collaboration with Béis
The 25-piece collection includes travel ready clothing as well as “denim-inspired” bags.
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Adidas poised to grab market share this year as Nike falters
Shein, Uniqlo, Skechers and New Balance are also projected to broaden their share of the apparel space, according to GlobalData analysis.
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Steve Madden forecasts tough road ahead due to tariffs
The recent acquisition of Kurt Geiger led to revenue growth in Q2, but the company still pulled its earnings guidance.
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Jil Sander CEO exits
Serge Brunschwig, who also served as group chief strategy officer at parent company OTB Group, is succeeded in both roles by OTB CEO Ubaldo Minelli.
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US to install country-specific tariffs Aug. 7
President Donald Trump signed an executive order Thursday officially codifying rates for over 60 trading partners while pushing back implementation by seven days.
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Hermès reports solid revenue gains as rival firms falter
The company posted H1 increases in every region, although second quarter improvements were smaller than preceding periods.
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The image by KensmRPM 22300 is licensed under CC BY-SA 4.0
A sportswear brand vs. an Ivy League school: Columbia sues Columbia
Columbia Sportswear says the university violated a contract between the two regarding the use of the name Columbia on shirts, sweatshirts and hats.
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De minimis exemption to end Aug. 29, White House says
The trade tool’s end will subject low-cost imports to all applicable duties, although postal packages will be assessed fees in a different manner.
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Thom Browne CEO steps down amid dismal sales
Rodrigo Bazan will be succeeded by Nordstrom executive Sam Lobban, who steps into the role in September.
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Strong Miu Miu sales lead to revenue growth at Prada Group
Gains were slower than in previous quarters and offset by declines at the Prada brand, which is still without a permanent CEO following the departure of Gianfranco D’Attis.
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VF reports flat revenue, decline at Vans
The apparel conglomerate would have reported a revenue increase when excluding the skatewear brand, with The North Face and Timberland posting growth.
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Kering suffers steep losses amid leadership and creative changes
The Gucci parent company posted a 46% net income decline for the first half of fiscal 2025, while Q2 revenue sank 18%.
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Zegna Group sells shares in $126M deal
Singapore-based investment company Temasek Holdings will own a 10% stake in the Italy-based luxury firm once the transaction closes.
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Temu doesn’t properly assess illegal products on its platform: EU Commission
The fast fashion giant remains under investigation for allegedly addictive design features and a lack of transparent recommendation system.
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Depop names permanent CEO
Peter Semple, who officially takes the helm on Friday, has been serving in the role on an interim basis since May.
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Skechers denies patent infringement in lawsuit over slip-ins
Kizik Designs claimed it invented the hands-free shoe category that Skechers has made a key part of its business.
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Rebecca Minkoff shifts to a licensing model
The Sunrise Brands-owned label signed partnerships for handbags, loungewear, footwear and jewelry, but will retain control of its digital presence and retail network.
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US, EU agree to lower tariffs in ‘framework’ deal
Most imports from the bloc would face a 15% tariff under the pact, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced Sunday.
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Hoka brick-and-mortar stores ‘the primary venue for full-price sales’
With the brand’s customers tending to look for price breaks online, Deckers is looking to expand retail partnerships as well as its own stores.
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LVMH profits tumble 22% as luxury headwinds persist
Fashion and leather goods revenue declined 8% for the first half of the year, although new creative directors at Dior and Loewe could change that trajectory.
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Opinion
High alert ahead of deadlines
The current tariff lull is the calm before the storm, according to Alvarez & Marsal’s consumer and retail group.