Corporate/Finance: Page 2
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Shippers maintain diverse carrier mixes in 2024: project44
Retailers and direct-to-consumer companies aren't scaling back their options in a competitive delivery environment.
By Max Garland • Aug. 13, 2024 -
Perry Ellis inks licensing deal for home goods
The agreement with Pegasus Home Fashions will include bedding for Original Penguin, Laundry by Shelli Segal and Rafaella.
By Laurel Deppen • Aug. 12, 2024 -
Capri revenue tumbles in Q1 amid softening luxury market
Losses accelerate as the Versace, Michael Kors and Jimmy Choo owner’s pending merger with Tapestry awaits regulatory approval.
By Lara Ewen • Aug. 9, 2024 -
Adidas global operations exec Martin Shankland to step down
After a nearly 30-year career, Shankland’s responsibilities will be passed on to CFO Harm Ohlmeyer and Senior Vice President of Sourcing Hoa Ly.
By Nate Delesline III • Aug. 8, 2024 -
HanesBrands to become ‘simpler, more focused business’ following Champion sale
The innerwear company saw Q2 net sales decline 4% year over year.
By Laurel Deppen • Aug. 8, 2024 -
Wolverine revenue falls nearly 30%
Despite declines at three of its largest brands, the Merrell parent company’s CEO said the results were better than expected.
By Laurel Deppen • Aug. 8, 2024 -
VF revenue remains down despite ‘modest improvement’ at Vans
The struggling sneaker brand is showing signs of recovery in Europe, the Middle East and Africa, as its holding company works to boost its desirability.
By Laurel Deppen • Aug. 7, 2024 -
Ralph Lauren net income up 28%
The firm bucked larger luxury industry trends as global DTC sales increased, but North America revenue dropped amid wholesale declines.
By Lara Ewen • Aug. 7, 2024 -
Under Armour chief consumer officer exits as 26-year Adidas veteran joins the brand
Jim Dausch is leaving at the end of the month as Eric Liedtke, former brand president at Adidas, joins the company to lead brand strategy.
By Cara Salpini • Aug. 7, 2024 -
Kontoor revenue falls 1% as wholesale remains a challenge
The Lee and Wrangler parent’s CEO said the company is on track to generate $100 million in profit improvement and savings through its transformation initiative.
By Laurel Deppen • Aug. 5, 2024 -
Gildan Activewear underwear sales fall
The earnings call was CEO Glenn Chamandy’s first since being reinstated following a months-long proxy battle.
By Laurel Deppen • Aug. 2, 2024 -
Adidas CEO: ‘You have to be more American to be successful in America’
With sales in North America down 7% in Q2, CEO Bjørn Gulden said the athletics brand is leaning into American sports like basketball and baseball.
By Cara Salpini • Aug. 2, 2024 -
Ferragamo profit plummets 73%
First-half revenue was down in every region and every product category.
By Lara Ewen • Aug. 2, 2024 -
Authentic signs new Ted Baker partners
Design, manufacturing and wholesale in the U.S. and Canada will be handled by three licensing companies.
By Lara Ewen • Aug. 2, 2024 -
Hugo Boss sales fall 1% in second quarter
The company lowered its full-year outlook as retail sales declined with momentum slowing on digital and wholesale channels.
By Lara Ewen • Aug. 1, 2024 -
Tapestry hires L’Oréal exec to lead Kate Spade
Eva Erdmann is set to take over as president and CEO against a backdrop of consistent revenue declines.
By Laurel Deppen • Aug. 1, 2024 -
UPS defends higher peak surcharges ahead of shorter holiday season
The magnitude of the added fees surprised one analyst, but CEO Carol Tomé said the carrier's pricing is in line with anticipated demand.
By Max Garland • Aug. 1, 2024 -
Blumarine appoints new creative director
David Koma takes over the fashion house following the March departure of Walter Chiappoini, who presented only one collection before his exit.
By Lara Ewen • July 31, 2024 -
Steve Madden wholesale boosted by accessories, apparel
The footwear giant’s acquisition of Almost Famous last year continues to drive sales.
By Laurel Deppen • July 31, 2024 -
Ocean shippers need contingency plans now, experts say
Diversifying port usage and improving visibility are among the tactics supply chains should deploy.
By Alejandra Carranza • July 31, 2024 -
Unspun raises $32M for 3D weaving machines
The company plans to expand the use of its technology to localize manufacturing capabilities across North America and Europe.
By Lara Ewen • July 31, 2024 -
Retrieved from Miu Miu on July 30, 2024
Miu Miu sales surge more than 90% in H1
The brand drove Prada Group’s revenue increases for the period, while retail sales in Japan led the company’s international growth.
By Lara Ewen • July 30, 2024 -
G-III increases stake in All We Wear Group
The DKNY owner is seeking to expand its presence in Europe through the deal.
By Laurel Deppen • July 29, 2024 -
Skechers reports 7% sales increase in another record quarter
The company saw a significant increase in regional DTC sales for Europe, the Middle East and Africa and has authorized a $1 billion share repurchase program.
By Lara Ewen • July 29, 2024 -
EssilorLuxottica growth hindered by North America
Overall revenue rose 3.4% in the eyewear giant’s first half but the company’s largest region remained sluggish.
By Lara Ewen • July 26, 2024