Corporate/Finance

  • An exterior corner of a Macy's store.
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    Daphne Howland/Fashion Dive
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    Apparel, department stores struggling the most under US trade policy, analysis shows

    A pause in some tariffs lessens the profitability hit, but costs are higher and “the consumer environment remains difficult,” Moody’s Ratings said.

    By Daphne Howland • July 22, 2025
  • Runway models, including actor Richard E. Grant, walk on a runway wearing clothing from Burberry.
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    John Phillips via Getty Images
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    Burberry stems its losses amid cost cuts

    First quarter retail revenue was down 6%, but the decline marked a significant improvement over the same period last year.

    By • July 21, 2025
  • A group of models wearing clothes by designer Willy Chavarria pose on steps, flanked by potted palm trees. Explore the Trendline➔
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    Thierry Chesnot via Getty Images
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    Trendline

    Top 5 stories from Fashion Dive

    Fashion faced its share of shakeups in the first half of 2025, but few industries are more adept at reinvention or more suited to change.

    By Fashion Dive staff
  • 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 struggles continue as Q1 sales, profit decline

    The company beat its own expectations and says it’s making progress, though analysts warn it’s losing customers to Bloomingdale’s and Nordstrom.

    By Daphne Howland • July 21, 2025
  • Close up of clothing hang tag. Recycled cotton product details.
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    Stock via Getty Images
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    Circularity in fashion is ‘mainstream’ but progress slowing: report

    The 2025 Circular Fashion Index from Kearney found that a lack of a clear business case for circularity is holding up efforts.

    By • July 21, 2025
  • A person with bobbed hair wearing a dark jacket smiles slightly.
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    Courtesy of Saks Global
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    Saks Global taps Neiman Marcus vet as CFO

    Brandy Richardson was most recently at Tailored Brands and joins the luxury retailer at a financially tricky time.

    By Daphne Howland • July 18, 2025
  • A variety of sunglasses are displayed against a lighted background.
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    fadfebrian via Getty Images
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    6 recent licensing deals that are reshaping the fashion industry

    In the second quarter of 2025, brands looked to expand their global reach and deepen their connection with existing customers.

    By • July 18, 2025
  • A closeup of the Cartier logo on a building.
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    Andrew H. Walker via Getty Images
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    Jewelry again leads Richemont to revenue growth while apparel falters

    The Cartier owner is among the first to report earnings this season, but it’s likely to continue to outperform its peers, according to analysts.

    By • July 17, 2025
  • Tall trees in front of a bike, boat and ski store.
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    Daphne Howland/Fashion Dive
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    L.L. Bean in search of a new CEO

    Stephen Smith, the retailer’s first chief executive from outside the company or founding family, will leave next spring after a decade in the post.

    By Daphne Howland • July 16, 2025
  • A professional headshot of Helena Helmersson
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    Courtesy of Mango
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    Mango adds former H&M CEO to board

    Helena Helmersson is chairman of Circulose, which just signed a partnership with Mango to integrate recycled textiles into its supply chain.

    By • July 16, 2025
  • Meryll Rogge in a professional headshot.
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    Courtesy of Gretar Gunnlaugsson/OTB
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    Marni appoints new creative director

    Meryll Rogge will succeed Francesco Risso, who left the OTB-owned house last month.

    By • July 15, 2025
  • A person stretches across barstools at a diner.
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    Courtesy of Levi Strauss & Co.
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    Levi’s ups guidance despite tariff impact

    The brand is leaning on partnerships with Beyoncé, Shaboozey and Nike as it works to boost its direct-to-consumer channel worldwide.

    By Daphne Howland • July 15, 2025
  • A group of people in a Gen Phoenix factory stand by a pile of material. A person holds the material.
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    Courtesy of Gen Phoenix
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    Tapestry increases stake in recycled leather maker

    The Coach owner signed a supply agreement and is participating in Gen Phoenix’s $15 million funding round.

    By • July 15, 2025
  • A laptop displaying the Shein website and a phone displaying the Shein logo.
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    Ben Montgomery via Getty Images
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    Shein faces class action lawsuit over marketing texts

    The fast fashion giant is accused of repeatedly texting those on the national Do-Not-Call registry.

    By • July 14, 2025
  • An interior view of a Brunello Cucinelli boutique.
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    Claudio Lavenia/Getty Images for Brunello Cucinelli via Getty Images
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    Brunello Cucinelli continues upward trend in tough economy

    The Italy-based fashion house reaffirmed its projection of double-digit growth for the fiscal year amid mixed results for the overall luxury sector.

    By • July 11, 2025
  • The exterior of a Burberry store features two flags displaying the brand's logos.
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    Carl Court via Getty Images
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    Analysts say ‘it’s a sobering time for luxury sales’

    In a preview of July revenue releases from LVMH, Richemont, Burberry and others, HSBC said that Liberation Day tariff announcements negatively impacted the market in April.

    By • July 11, 2025
  • A Neiman Marcus department store, surrounded by trees.
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    Daphne Howland/Fashion Dive
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    S&P Global Ratings downgrades Saks, warns latest financing deal is ‘tantamount to a default’

    Saks Global emphasized that there’s no default related to its new agreement with bondholders, calling the rating updates “common and expected with transactions like these.”

    By Daphne Howland • July 10, 2025
  • A corporate headshot of designer Nicole Miller.
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    Courtesy of Nicole Miller
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    Nicole Miller signs licensing partnership for Latin America

    The deal with Tycoon Enterprises will launch the New York-based lifestyle brand next year in key markets throughout the region, prioritizing Mexico.

    By • July 10, 2025
  • An exterior of a Mulberry store, with a fake telephone box outside of it. Two mannequins are in the window display.
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    Clemens Bilan/Getty Images for Mulberry via Getty Images
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    Mulberry raises $27M to accelerate turnaround strategy

    The funding round was announced at the same time the company reported a 21% revenue decline for its latest fiscal year.

    By • July 10, 2025
  • Levi's storefront
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    Kaarin Moore/Fashion Dive
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    Levi Strauss to lay off hundreds with Kentucky distribution center closure

    The company is changing its distribution strategy from an owned model to a mix of owned and third-party operated centers.

    By Kaarin Moore • July 9, 2025
  • A handbag on display against a pinkish background featuring the logo of Louis Vuitton.
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    Bryan Bedder via Getty Images
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    LVMH names new chairman and CEO of LVMH Americas

    Michael Burke, who previously led LVMH’s fashion group, will be responsible for representing the luxury fashion conglomerate in North and South America.

    By • July 8, 2025
  • A closeup of a Shein sign on a wall.
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    The image by Dick Thomas Johnson is licensed under CC BY 2.0
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    Shein fined $47M for misleading promotions in France

    An investigation by the country’s antitrust authority found that more than half of the fast fashion company’s promotions involved no real price reduction.

    By • July 7, 2025
  • In a mall, a person rides an escalator in front of a Steve madden store.
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    Kevin Frayer via Getty Images
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    Steve Madden’s chief merchandising officer exits

    Karla Frieders voluntarily resigned after more than 26 years with the company, and there are no plans to appoint a successor.

    By • July 7, 2025
  • A black "Lululemon" sign features the red and white brand logo and white lettering, hanging in front of a leafy tree.
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    Daphne Howland/Fashion Dive
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    Can Lululemon make a federal case out of ‘dupe culture’?

    In a lawsuit against Costco over a variety of apparel designs, the athleisure brand laments the proliferation of “LululemonDupes” on social media.

    By Daphne Howland • July 7, 2025
  • The interior of a Brandy Melville store.
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    The image by Phillip Pessar is licensed under CC BY 2.0
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    Brandy Melville sues Shein for copyright infringement, unfair competition

    Shein is accused of selling an item based on a Brandy Melville photo and sending a dupe instead, a lawsuit says.

    By • July 2, 2025
  • A woman in jeans, a white T-shirt and high heels walks at the end of a runway.
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    JP Yim via Getty Images
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    Victoria Beckham inks eyewear deal with Safilo

    The 10-year global agreement includes both optical and sun lines and is set to debut in January 2026.

    By • July 2, 2025