Corporate/Finance
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The image by DOAI MOGHA0 Hoo is licensed under CC BY-SA 4.0
VF lays off about 400 employees
The Vans owner said the cuts are part of the company’s ongoing turnaround strategy.
By Laurel Deppen • May 2, 2025 -
Courtesy of Gildan
Gildan Activewear says it has a competitive advantage against tariffs
The company said its products contain a significant amount of cotton and yarn sourced from the U.S., and expects to see revenue growth in 2025.
By Laurel Deppen • May 1, 2025 -
Courtesy of Adidas
Adidas: If tariffs stay, ‘of course there will be price increases’
CEO Bjørn Gulden stressed that they have not been implemented yet, though, and the retailer will follow the lead of others in the market.
By Cara Salpini • May 1, 2025 -
Courtesy of Authentic Brands Group
Authentic partners with Caprice Australia on Quiksilver, Billabong
Through the deal, subsidiary BR South Pacific will transition and manage operations for multiple sports and outdoor brands across Australia, New Zealand and the South Pacific.
By Lara Ewen • May 1, 2025 -
Vittorio Zunino Celotto via Getty Images
Miu Miu sales jump 60% in Prada Group’s first quarter
The Prada brand posted sluggish retail results, but the company’s overall revenue rose 13% ahead of its planned Versace acquisition.
By Lara Ewen • April 30, 2025 -
FG Trade via Getty Images
Online retailers in the US spent an average of $400k on AI last year
Despite aiming that investment at customer experience, 30% of executives told Storyblok that the tech only slightly improved the shopper’s experience.
By Tatiana Walk-Morris • April 30, 2025 -
Cara Salpini/Fashion Dive
Consumer expectations plunge at fastest pace since 1990 recession
“Some measures of expectations on both the business and consumer fronts look outright recessionary,” Goldman Sachs Chief Economist Jan Hatzius said.
By Jim Tyson • April 29, 2025 -
Courtesy of Trove
Resale platform Trove acquires Reverse.supply in move to expand in Europe
Company executives are positioning the deal as a way for more brands to comply with producer responsibility legislation.
By Laurel Deppen • April 28, 2025 -
Permission granted by Liza Amlani, Retail Strategy Group
Hudson’s Bay gives up on final 7 stores, including Canada’s last Saks 5th Avenue location
The liquidation is the end of a retailer whose roots date to the 1600s, and leaves a big gap for many brands and their Canadian customers.
By Daphne Howland • April 28, 2025 -
Brandon Bell/Getty via Getty Images
Skechers announces record sales but pulls guidance
The footwear giant saw both wholesale and DTC sales rise but cautioned that current trade policies have created macroeconomic uncertainty.
By Lara Ewen • April 25, 2025 -
Vittorio Zunino Celotto via Getty Images
Thom Browne wholesale down nearly 50% in the first quarter
As owner Ermenegildo Zegna Group shifts its sales strategy, modest increases in the DTC channel only partially offset declines elsewhere.
By Lara Ewen • April 25, 2025 -
SimonSkafar/E+ via Getty Images
Trade war puts US on ‘precipice’ of recession: Moody’s chief economist
The U.S. economy will likely begin to shrink “unless policy takes a very sharp turn here pretty quickly,” Moody’s Chief Economist Mark Zandi said.
By Jim Tyson • April 24, 2025 -
Atsushi Tomura via Getty Images
Gucci sales nosedive 25% as Kering losses deepen
The luxury conglomerate posted a company-wide revenue decline of 14% in Q1 and announced store closures amid a downturn in both wholesale and retail earnings.
By Lara Ewen • April 24, 2025 -
Ben Montgomery via Getty Images
Shein, Temu to raise prices due to tariff impact
The fast fashion companies didn’t specify the extent of the cost increases, but posted identical notices on their websites.
By Laurel Deppen • April 24, 2025 -
Justin Sullivan via Getty Images
The North Face shoes recalled due to fall risk
More than 15,000 customers that bought the brand’s Shellista V Mid Waterproof boots are eligible for a refund.
By Laurel Deppen • April 23, 2025 -
Kaarin Moore/Fashion Dive
Saks Global to close fulfillment center, cut 450 jobs
The luxury department store joins Kohl’s in being particularly vulnerable to tariffs’ impact on consumer spending, according to Moody’s Ratings analysts.
By Daphne Howland • April 22, 2025 -
Daphne Howland/Fashion Dive
Lovesac taps Crocs veteran as first chief brand and marketing officer
As chief marketing officer at the footwear brand, Heidi Cooley had a digital and social-first approach to driving growth.
By Howard Ruben • April 21, 2025 -
Courtesy of Capezio
Capezio sold after more than a century of family ownership
Argand Partners said it plans to “modernize” the dancewear brand through licensing agreements and product innovation.
By Laurel Deppen • April 21, 2025 -
Pascal Le Segretain via Getty Images
Hermès preps to raise US prices in response to tariffs
The France-based luxury house previously said it expects American customers to remain loyal despite cost increases.
By Laurel Deppen • April 18, 2025 -
Dia Dipasupil via Getty Images
A dozen creative director changes in the first quarter of 2025
As the fashion industry faces tariff pressures and a consumer spending pullback, designer shifts could offer new visions but risk alienating loyal customers.
By Lara Ewen • April 18, 2025 -
Dia Dipasupil via Getty Images
Jonathan Anderson is the next artistic director of Dior Men
The designer fills the role at the LVMH-owned house after an 11-year tenure at Loewe.
By Laurel Deppen • April 17, 2025 -
The image by Gerd Eichmann is licensed under CC BY-SA 4.0
Brunello Cucinelli continues to expect double-digit growth despite tough economy
The Italy-based luxury house saw its first quarter revenue grow 10.5%, with growth across all regions.
By Laurel Deppen • April 17, 2025 -
Forever 21 creditors probe IP sale to Authentic Brands Group
The brand management firm quietly took full ownership of the retailer's trademarks and intellectual property licenses some time in the last five years.
By Daphne Howland • April 17, 2025 -
Michael M. Santiago/Getty Images via Getty Images
Rent the Runway rethinks customer service approach
Shifting to more proactive service, the team now spends 14% of its time calling customers to build loyalty, according to CEO Jennifer Hyman.
By Bryan Wassel • April 16, 2025 -
Kristy Sparow via Getty Images
LVMH could consider price hikes in wake of tariffs
The Louis Vuitton holding company saw revenue for its fashion and leather goods division fall 4% but cautioned its beauty and spirits division may be more vulnerable to tariffs.
By Laurel Deppen • April 15, 2025
