Corporate/Finance: Page 3

  • A Crocs storefront
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    Cara Salpini/Fashion Dive
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    Crocs yanks guidance, citing trade uncertainty

    The company recently joined with other footwear brands to urge the Trump administration to exempt the category from tariffs.

    By Daphne Howland • May 9, 2025
  • Black-and white headshot of a man wearing a suit without a tie, staring at the camera.
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    Retrieved from PVH Corp. on May 09, 2025
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    Calvin Klein global brand president exits

    Eva Serrano will remain at the company through the end of the year to support the transition of her successor, David Savman.

    By • May 9, 2025
  • A Coach retail store as seen from above, with people walking by on the street below.
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    Kevin Frayer via Getty Images
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    Tapestry reports record third quarter, raises guidance

    Coach revenue gains offset losses at Kate Spade, while Stuart Weitzman saw steep declines ahead of its sale to Caleres this summer.

    By • Updated May 9, 2025
  • A yellow Nike storefront with a mural of runners on the outside.
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    Courtesy of Nike
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    Nike names new brand president as Hill shuffles leadership structure

    As part of a reorganization, Amy Montagne will now lead the Nike brand, while 26-year veteran Heidi O’Neill is retiring.

    By Cara Salpini • May 8, 2025
  • A Hugo Boss clothing store as seen from the outside on a sunny day.
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    Carlos Alvarez via Getty Images
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    Hugo Boss beats expectations with 2% revenue decline

    First-quarter retail and wholesale sales fell amid soft demand in the U.S. and consumer uncertainty in China.

    By • May 7, 2025
  • Model Ashley Graham wears all black in front of a white backdrop.
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    Courtesy of JCPenney
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    JCPenney to launch plus-size collection with model Ashley Graham

    The line will be available both in stores and online starting this fall.

    By • May 6, 2025
  • Two Skechers sneakers are pictured on a store display advertising a sale.
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    Brandon Bell via Getty Images
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    Skechers to go private in $9.4B deal

    3G Capital is paying $63 per share in cash, which analysts say represents a bet that the footwear sector will be profitable in the long term despite tariffs.

    By • Updated May 5, 2025
  • A phone displaying the Temu logo is seen in front of a computer screen.
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    Ben Montgomery via Getty Images
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    Temu walks back price increases

    The fast fashion giant said it would transition to a “local fulfillment model” to circumvent the U.S.’ 145% tariff on imports from China.

    By • May 5, 2025
  • A Vans store in a mall. A shopper is inside.
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    The image by DOAI MOGHA0 Hoo is licensed under CC BY-SA 4.0
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    VF lays off about 400 employees

    The Vans owner said the cuts are part of the company’s ongoing turnaround strategy.

    By • May 2, 2025
  • The exterior of Gildan Activewear's headquarters
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    Courtesy of Gildan
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    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 • May 1, 2025
  • A large, lit-up sportswear store at night.
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    Courtesy of Adidas
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    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
  • A Billabong store as seen from the outside. Palm trees stand on the grounds.
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    Courtesy of Authentic Brands Group
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    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 • May 1, 2025
  • A golden Prada storefront is lit up at night.
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    Vittorio Zunino Celotto via Getty Images
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    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 • April 30, 2025
  • A person holds a credit card and sits with a laptop on her lap. The screen is open to show a shopping website.
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    FG Trade via Getty Images
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    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
  • Shoppers look through a store closing sale at Macy's.
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    Cara Salpini/Fashion Dive
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    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
  • A person holds a tablet and looks at clothing.
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    Courtesy of Trove
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    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 • April 28, 2025
  • Closeup of an entrance to a department store.
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    Permission granted by Liza Amlani, Retail Strategy Group
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    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
  • A closeup of colorful Skechers sneakers on display in a store.
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    Brandon Bell/Getty via Getty Images
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    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 • April 25, 2025
  • Models in menswear stand on a grass stage.
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    Vittorio Zunino Celotto via Getty Images
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    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 • April 25, 2025
  • A construction worker sits alone at a jobsite.
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    SimonSkafar/E+ via Getty Images
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    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
  • A model in a black leather coat carries a red leather Gucci Horsebit 1955 handbag in a closeup runway shot.
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    Atsushi Tomura via Getty Images
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    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 • April 24, 2025
  • a photo illustration of an iPhone displaying the Shein logo in front of a Temu logo.
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    Ben Montgomery via Getty Images
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    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 • April 24, 2025
  • A person enters a North Face store.
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    Justin Sullivan via Getty Images
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    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 • April 23, 2025
  • A Saks store in Chicago.
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    Kaarin Moore/Fashion Dive
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    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
  • A furniture store window.
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    Daphne Howland/Fashion Dive
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    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