Corporate/Finance: Page 10

  • A massive downtown department store building.
    Image attribution tooltip
    "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
    Image attribution tooltip

    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.
    Image attribution tooltip
    Retrieved from Wolverine World Wide on February 21, 2025
    Image attribution tooltip

    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 Laurel Deppen • Updated Feb. 21, 2025
  • A group of models wearing clothes by designer Willy Chavarria pose on steps, flanked by potted palm trees. Explore the Trendlineâž”
    Image attribution tooltip
    Thierry Chesnot via Getty Images
    Image attribution tooltip
    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 Gildan distribution center is pictured.
    Image attribution tooltip
    Courtesy of Gildan
    Image attribution tooltip

    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 Laurel Deppen • Feb. 20, 2025
  • A person wearing a Helly Hansen-branded wind breaker over looks a sea.
    Image attribution tooltip
    Courtesy of Kontoor Brands
    Image attribution tooltip

    Wrangler parent company to buy Helly Hansen

    In a $900 million deal, Kontoor Brands will acquire the brand from Canadian Tire Corporation.

    By Laurel Deppen • Feb. 20, 2025
  • The letters spelling out "Nordstrom" in capital letters create shadows on the brick facade of a store.
    Image attribution tooltip
    "Nordstrom - Oak Park Mall" by Mike Kalasnik is licensed under CC BY-SA 2.0
    Image attribution tooltip

    Nordstrom brings on Neiman Marcus vet as director of luxury styling

    Catherine Bloom is joining the department store in the new role, and a Nordstrom Local location in Los Angeles will be a dedicated storefront for her clients.

    By Kaarin Moore • Feb. 19, 2025
  • Shoes are displayed on a table under a bright light while the room is dark.
    Image attribution tooltip
    Ben Gabbe/Getty Images for Stuart Weitzman via Getty Images
    Image attribution tooltip

    Tapestry to sell Stuart Weitzman for $105M

    The deal allows the Coach owner to double down on its handbag brands, which have recently driven it to record growth.

    By Laurel Deppen • Feb. 19, 2025
  • A closeup of a model's handbag on the runway.
    Image attribution tooltip
    Pascal Le Segretain/Getty Images via Getty Images
    Image attribution tooltip

    Hermès again bucks luxury slowdown trend with double-digit revenue growth

    The luxury brand said that if proposed tariffs from the U.S. cause prices to rise, its American customers “will understand and remain loyal.”

    By Laurel Deppen • Feb. 19, 2025
  • A model walks the runway while onlookers are seated on either side. The model wears baggy pants and a leather vest.
    Image attribution tooltip
    Pietro S. D'Aprano via Getty Images
    Image attribution tooltip

    OTB reports 2024 sales drop despite gains at key brands

    The Maison Margiela and Diesel owner attributed the decline to weakness in the wholesale sector, as it focuses on boosting its DTC segment by opening more retail stores.

    By Laurel Deppen • Feb. 18, 2025
  • Corporate headquarters of HanesBrands as seen from outside with HBI signage in the front.
    Image attribution tooltip
    Courtesy of HanesBrands
    Image attribution tooltip

    HanesBrands CEO to step down

    Steve Bratspies will stay with the company in an advisory role as the company moves in a new direction following the sale of Champion.

    By Laurel Deppen • Feb. 13, 2025
  • A store display with a red Levi's sign includes jeans in various shades of blue, folded on shelves and hanging on racks.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Levi’s expands C-Suite leaders’ responsibilities

    The changes follow the decision to cut up to 15% of its global corporate workforce as part of an initiative to drive cost savings and long-term growth.

    By Nate Delesline III • Feb. 13, 2025
  • Models wear streetwear and walk on a darkened runway beneath upside down palm trees.
    Image attribution tooltip
    Andreas Rentz via Getty Images
    Image attribution tooltip

    Bluestar adds Palm Angels to its roster

    The move follows the firm’s acquisition of Off-White from LVMH and helps bolster a portfolio that includes Hurley and Nanette Lepore.

    By • Feb. 12, 2025
  • A bright-red mall entrance to a clothing store.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Former New York & Co. chief to lead Express, Bonobos

    Greg Scott’s 30-plus years in the fashion industry also include stints at Fashion Nova and The Boutique Brands.

    By Daphne Howland • Feb. 12, 2025
  • Pedestrians walk past a Gucci retail store window.
    Image attribution tooltip
    Lisa Maree Williams via Getty Images
    Image attribution tooltip

    Kering revenue plummets as Gucci losses deepen

    Fiscal 2024 revenue fell 12% and wholesale dropped by more than 20% as the company looks to fix its distribution strategy and potentially downsize its retail network.

    By • Feb. 11, 2025
  • Pillars on flanking a department store entrance.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Macy’s sticks with stores chief to lead brick-and-mortar transformation

    Barbie Cameron began at the company nearly 40 years ago and has a pivotal role as the department store scrambles to rightsize and overhaul its fleet.

    By Daphne Howland • Feb. 11, 2025
  • A Quiksilver storefront, with racks of flip flops outside.
    Image attribution tooltip
    The image by Jan Hagelskamp1 is licensed under CC BY 4.0
    Image attribution tooltip

    Liberated Brands to close all stores, sell its wholesale inventory following bankruptcy

    The company hired Gordon Brothers to conduct liquidation sales for its operated stores including Billabong, Roxy and Quiksilver.

    By Laurel Deppen • Feb. 11, 2025
  • A Skechers storefront in an outdoor mall. A shopper walks into the door.
    Image attribution tooltip
    The image by Harrison Keely is licensed under CC BY 4.0
    Image attribution tooltip

    Skechers reaches record growth, but stock tumbles following weak outlook

    The footwear giant is also preparing to change its sourcing strategies amid tariff challenges.

    By Laurel Deppen • Feb. 7, 2025
  • A person in a black top and pants walks down a runway that features greenery along the sides.
    Image attribution tooltip
    John Phillips via Getty Images
    Image attribution tooltip

    Gucci creative director exits

    Sabato De Sarno, who has been with the brand for two years, leaves ahead of a planned Milan show later this month.

    By • Feb. 6, 2025
  • A Coach store in the evening, with people walking past.
    Image attribution tooltip
    The image by Daniel Ramirez is licensed under CC BY 2.0
    Image attribution tooltip

    Coach continues to lead Tapestry sales while sister brands falter

    The luxury conglomerate reached record revenue in Q2 despite declines at Kate Spade and Stuart Weitzman.

    By Laurel Deppen • Feb. 6, 2025
  • Models in neutral-toned clothing walk down a runway and spectators watch from the sides.
    Image attribution tooltip
    Theo Wargo via Getty Images
    Image attribution tooltip

    Ralph Lauren’s Q3 growth rejects luxury slowdown narrative

    The company’s earnings beat its own estimates following strong holiday DTC sales and regional revenue increases in every market.

    By • Feb. 6, 2025
  • The exterior of a Billabong store.
    Image attribution tooltip
    The image by BrokenSphere is licensed under CC BY-SA 3.0
    Image attribution tooltip

    Liberated Brands files for Chapter 11 bankruptcy

    The move comes after the group lost part of its licensing agreement with Authentic Brands Group for the Boardriders portfolio.

    By Laurel Deppen • Updated Feb. 7, 2025
  • A single-file line of models in black and white clothes walks down a white runway as spectators clap from seats on the sidelines.
    Image attribution tooltip
    JP Yim via Getty Images
    Image attribution tooltip

    Capri continues to struggle after Tapestry lifeline disappears

    Problems at Versace, Michael Kors and Jimmy Choo led to a company-wide revenue decline of more than 11% in the third quarter of fiscal 2025.

    By • Feb. 5, 2025
  • A person stares at the camera in a corporate headshot. He has short gray hair and wears a white shirt under a black sweater.
    Image attribution tooltip
    Courtesy of Salvatore Ferragamo
    Image attribution tooltip

    Salvatore Ferragamo CEO to step down

    Marco Gobbetti will leave in March and the company has not named a successor.

    By • Feb. 4, 2025
  • A woman looking inside a closed Burberry store on April 05, 2020 in Melbourne, Australia.
    Image attribution tooltip
    Asanka Ratnayake via Getty Images
    Image attribution tooltip

    Burberry picks Charlotte Baldwin as CIO

    The luxury fashion house has made several changes to its leadership team since welcoming CEO Joshua Schulman in July. 

    By Lindsey Wilkinson • Feb. 4, 2025
  • donald trump signs an executive order at his desk
    Image attribution tooltip
    Anna Moneymaker via Getty Images
    Image attribution tooltip

    Trump issues tariffs on Canada, Mexico and China

    The president ordered an additional 10% duty on goods from China and 25% tariffs on imports from Canada and Mexico, though Canadian energy resources will face a lower rate.

    By Philip Neuffer • Feb. 3, 2025
  • A diverse group of people hanging out on a city rooftop.
    Image attribution tooltip
    Courtesy of Ugg
    Image attribution tooltip

    Deckers to phase out Koolaburra

    The move comes as higher-priced Ugg gains strength, notching $2.2 billion in net sales in the last fiscal year and $1.2 billion in this year’s Q3 alone.

    By Daphne Howland • Jan. 31, 2025