Corporate/Finance: Page 16
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Allbirds Q3 revenue drops over 21%, forecasts soft holiday season
The lifestyle brand reported a higher net loss and a decline in gross profit, with one analyst characterizing it as a "disastrous quarter."
By Dani James • Nov. 10, 2023 -
Tapestry reports flat revenue and mild sales growth for Coach ahead of Capri merger
Kate Spade and Stuart Weitzman saw declines as consumer appetite for high-end goods continues to wane.
By Lara Ewen • Nov. 9, 2023 -
Trendline
Top 5 stories from Fashion Dive
Fashion faced its share of shakeups in the first half of 2024, but few industries are more adept at reinvention or more suited to change.
By Fashion Dive staff -
Yeezy brings in $375M for Adidas in Q3, as overall net sales fall 6.4%
The company is undecided about how to handle remaining stock from a collaboration it nixed a year ago over problematic behavior from Ye.
By Daphne Howland • Nov. 9, 2023 -
Timberland global brand president to step down
Susie Mulder is leaving the VF Corp.-owned brand after two and a half years.
By Laurel Deppen • Nov. 9, 2023 -
Crocs tightens inventory control, including in ‘gray market’ channels
The company stopped price matching with unauthorized sellers on Amazon and took corrective action against a distributor diverting to the U.S. without permission.
By Ben Unglesbee • Nov. 8, 2023 -
Ralph Lauren revenue up slightly as North American declines slow
The company also reported strong sales in Asia, with China up 20% and the region up 10% overall.
By Lara Ewen • Nov. 8, 2023 -
Steve Madden reports flat revenue, decreases full-year outlook
The company, which experienced wholesale challenges this year, recently added a new apparel brand to its portfolio.
By Laurel Deppen • Nov. 8, 2023 -
PVH Corp. names new global brand president of Tommy Hilfiger
Lea Rytz Goldman, previously with H&M and COS, will take over the role in spring succeeding Avery Baker.
By Laurel Deppen • Nov. 8, 2023 -
Nike launches patent infringement complaint against Skechers, New Balance
The patents in question concern Nike’s Flyknit upper technology.
By Laurel Deppen • Nov. 7, 2023 -
Kontoor Brands Q3 revenue rises 8%, supported by its best-selling Barbie collection
Both its Wrangler and Lee Jeans brands have invested heavily in collabs and attracted newer, younger customers as a result.
By Lara Ewen • Nov. 6, 2023 -
Thom Browne opposes Adidas’ request for new trial in U.S. trademark case
The two companies have disputed a stripe design in courts in the U.S. and the U.K. since 2021.
By Laurel Deppen • Nov. 6, 2023 -
Crocs tops $1B in Q3 revenue, but HeyDude continues to drag
Executives warned the holiday quarter could be rough for its DTC brand, with sales down as much as 25%, but said they still believe in its potential.
By Daphne Howland • Nov. 3, 2023 -
Hugo Boss group sales grow to $1.09B
The increase was driven by strong sales in the U.S. and a boost in its digital channels.
By Lara Ewen • Nov. 2, 2023 -
Prada Group revenues up 12% despite weak sales in the Americas
Miu Miu retail sales were up 49% for the first nine months of the year, and the Prada brand saw a 13% increase for the period.
By Lara Ewen • Oct. 31, 2023 -
L Catterton sells stake in men’s apparel brand Rhone
The brand closed on a round of financing through a special purpose vehicle fund that allowed it to buy out the private equity firm’s minority stake.
By Howard Ruben • Oct. 31, 2023 -
VF Corp. launches transformation program as some of its key brands falter
Vans remains a pain point for the apparel conglomerate, and the company will appoint a new president for the brand as part of its refresh efforts.
By Laurel Deppen • Oct. 31, 2023 -
Columbia reports $985.7M in Q3 sales, lowers full-year guidance
The company’s namesake brand led sales, while its prAna brand is undergoing a “reset.”
By Laurel Deppen • Oct. 30, 2023 -
Shein acquires Missguided from Frasers Group
The deal boosts Shein’s presence in the U.K., where analysts predict it could achieve 2.2% market share in 2023.
By Laurel Deppen • Updated Oct. 30, 2023 -
Shein and Temu agree to dismiss legal fights
The fast fashion rivals had been involved in two cases centered on copyright and antitrust laws.
By Laurel Deppen • Oct. 30, 2023 -
Skechers logs $2B in Q3 sales, domestic wholesale flat
The footwear giant hopes that after a “difficult year” for wholesale, next year may offer growth for the segment.
By Laurel Deppen • Oct. 27, 2023 -
Biomaterials startup lands $3.3M in funding to boost production of its leather alternative
Gozen, which recently debuted its material with Balenciaga, is seeking to scale its production with a new facility.
By Laurel Deppen • Oct. 26, 2023 -
Capri shareholders approve sale to Tapestry
The merger agreement, first announced in August, was authorized during a special meeting of shareholders.
By Laurel Deppen , Lara Ewen • Oct. 26, 2023 -
Kering revenue drops 13% in Q3 as global luxury sales falter
Almost all the firm’s fashion brands saw double-digit declines as its retail and wholesale numbers also fell.
By Lara Ewen • Oct. 25, 2023 -
Former Nike exec Trevor Edwards joins VF Corp.’s board
Edwards, once seen as stepping into the CEO role at the athletic gear powerhouse, left five years ago as questions swirled about its work culture.
By Daphne Howland • Oct. 25, 2023 -
Zegna Group Q3 revenue up 20.8% with strong DTC sales
U.S. sales showed a robust 47.8% growth, which the company partly attributed to its newly added Tom Ford fashion segment.
By Lara Ewen • Oct. 24, 2023