Canada Goose cuts corporate workforce by 17%, shakes up executive roles

As part of a DTC focus, the brand said about a year ago that it would double its footprint within five years, but some analysts anticipate that slowing.

By Daphne Howland • March 27, 2024

Vince CEO steps down

Jack Schwefel’s resignation is effective immediately, and former CFO David Stefko will hold the position until a successor is named.

By Laurel Deppen • March 27, 2024

Explore the 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

OTB Group acquires majority stake in luxury footwear manufacturer

Italy-based Calzaturificio Stephen has been a strategic supplier for the company for more than 20 years and makes Maison Margiela’s popular Tabi shoes.

By Lara Ewen • March 26, 2024

How Temu sales stack up to e-commerce competitors: report

Data from Earnest Analytics found that the fast fashion company has nearly double the retention rate of companies such as Walmart and Target.

By Laurel Deppen • March 25, 2024

Has Lululemon peaked?

Growth in North America has slowed, but analysts aren’t worried, given the brand’s innovation, past nimbleness and potential abroad.

By Daphne Howland • March 25, 2024

Nike hires Tim Hamilton as vice president of men’s apparel design

The award-winning menswear designer was formerly at The North Face, where he helped orchestrate collaborations with brands including Gucci and Supreme.

By Lara Ewen • March 25, 2024

Longtime LVMH executive to leave board, management roles

Antonio “Toni” Belloni will step down from his current positions in April but will remain with the company as president of LVMH Italy and take on “strategic missions for Bernard Arnault.”

By Lara Ewen • March 22, 2024

Nike refocuses on innovation as Q3 revenues fall flat

CEO John Donahoe said the sportswear brand “is not performing at our potential” and needs to lean back into wholesale and product innovation.

By Cara Salpini • March 22, 2024

Gildan Activewear considers sale

The apparel manufacturer is weighing potential bids from several buyers as the company faces a shareholder proxy fight.

By Laurel Deppen • March 21, 2024

Gucci revenue projected to plunge 20% in Q1

Declining sales in Asia drove the brand’s poor performance, according to parent company Kering.

By Lara Ewen • March 21, 2024

Dries Van Noten will step down from design role at namesake brand

The menswear collection for spring-summer 2025 will be his last, though the designer intends to “stay involved in the House that I treasure so much.”

By Lara Ewen • March 20, 2024

Kontoor names COO amid transformation initiative

Tom Waldron will be responsible for overseeing both the Wrangler and Lee brands, as well as the company’s supply chain operations.

By Laurel Deppen • March 20, 2024

Renewcell extends deadline for purchase offers

Potential buyers have until March 28 to submit bids following the textile waste recycling company’s bankruptcy filing last month.

By Lara Ewen • March 19, 2024

Nordstrom revives namesake brand

The new line, which features footwear and accessories, is part of a revamp following lagging Q4 sales at full-line stores.

By Laurel Deppen • March 19, 2024

Outdoor Voices shutters all stores

The activewear brand, once a DTC darling, told staff last week it would close stores as it shifts to an online-only model.

By Caroline Jansen • March 19, 2024

Under Armour puts founder Kevin Plank back in charge as CEO Stephanie Linnartz exits

Come April 1, the athletics brand founder will take the helm once more. Linnartz, who is stepping down, has been CEO for barely a year.

By Cara Salpini • Updated March 14, 2024

Workers’ rights and environmental legislation endorsed by European Union

The Corporate Sustainability Due Diligence Directive would require companies to take responsibility for detecting and remedying problems in their supply chains.

By Lauren Schenkman • March 15, 2024

Walter Chiappoini leaves Blumarine

The creative director exits the brand after presenting his first collection in February during Milan Fashion Week.

By Lara Ewen • March 14, 2024

Textile recycling company Infinited Fiber closes $43.8M funding round

The news comes after Renewcell, its competitor in the recycled materials space, filed for bankruptcy due to lack of funding.

By Laurel Deppen • March 14, 2024

Allbirds taps new CEO, plans store closures

COO Joe Vernachio takes over from co-founder Joey Zwillinger on Friday as the DTC brand reported a 15% sales drop in 2023.

By Cara Salpini • March 14, 2024

Browning West files legal complaint against Gildan Activewear

The move comes amid a proxy battle that began with the December 2023 ousting of former CEO Glenn Chamandy.

By Laurel Deppen • March 13, 2024

Tod’s revenue rises almost 12% amid privatization plan

The company, which saw sales increase across all brands and regions in 2023, is preparing to move forward with an L Catterton-backed delisting.

By Lara Ewen • March 13, 2024

Matches enters administration nearly three months after being purchased

The Frasers Group said that restructuring the luxury e-commerce business would require “too much change.”

By Laurel Deppen • March 12, 2024

American Eagle ‘refocused’ logistics arm amid third-party business woes

The retailer faced $98.3 million in impairment and restructuring charges from Quiet Platforms in Q4 as it adjusted to reduced e-commerce fulfillment demand.

By Max Garland • March 12, 2024

Gap, Old Navy make progress on long road to recovery

New Gap Inc. CEO Richard Dickson touted market share gains at the company’s biggest brands, but analysts say they have further to go.

By Daphne Howland • March 11, 2024