Retail: Page 6
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The Children’s Place may get a reprieve as investor takes majority stake
Mithaq Capital has taken a 54% share, will nominate 11 people to the apparel retailer's board, and has offered to help shore up its liquidity.
By Daphne Howland • Feb. 16, 2024 -
Kevin Parry via Getty Images
EssilorLuxottica posts steady revenue growth for third consecutive year
The eyewear manufacturer benefited from a 5% revenue boost in the EMEA region as well as a strong demand for luxury frames in China.
By Lara Ewen • Feb. 15, 2024 -
Courtesy of Puma
Puma taps H&M vet to lead global brand strategy
Julie Legrand, who also held senior brand and marketing positions at Procter & Gamble, joins the athletics retailer with 20 years of experience.
By Howard Ruben • Feb. 12, 2024 -
Permission granted by IWD
Sponsored by IWD Retail Software10 retail trends to watch in 2024
Step into 2024's retail revolution: AI-driven experiences, DTC in stores, sustainability surge and nostalgic fashion resurfaces. Adapt or fade away…
Feb. 12, 2024 -
Cindy Ord via Getty Images
Hermès sales outdo luxury rivals
The company’s global resilience in the sector was aided by strong growth for its ready-to-wear segment and continued demand for its leather goods.
By Lara Ewen • Feb. 9, 2024 -
Maryam Majd via Getty Images
Ralph Lauren’s Q3 revenue up after positive holiday sales
North America wholesale dropped 15%, but the brand continued to grow its DTC business as global sales in that category increased 9%.
By Lara Ewen • Feb. 9, 2024 -
Cara Salpini/Fashion Dive
Under Armour CEO on sportstyle pivot: ‘We’re not trying to be anything other than authentically Under Armour’
Stephanie Linnartz talked about the evolution of the company's product offering as revenue fell 6%.
By Cara Salpini • Feb. 9, 2024 -
Getty Images via Getty Images
Kering revenue drops 4% for fiscal 2023
All of the luxury conglomerate’s fashion houses saw 8% declines in Q4 and low-single-digit declines for the year.
By Lara Ewen • Feb. 8, 2024 -
Getty Images via Getty Images
Simon Property Group trims stake in Forever 21, Brooks Brothers brand-management firm Authentic
The mall REIT is unwinding some of its investment into the retail business, which CEO David Simon has acknowledged is more volatile than real estate.
By Daphne Howland • Feb. 8, 2024 -
Retrieved from Willy Vanderperre for Prada on February 01, 2024
Prada reclaims top spot on Lyst Index
Miu Miu fell to second place on the quarterly report, while Ugg returned to the top-20 brand category and The Row made its first appearance.
By Lara Ewen • Feb. 6, 2024 -
Courtesy of Gap Inc., photo credit Mario Sorrenti
Zac Posen is Gap Inc.’s latest hire in a long line
The designer, known for his women’s dresses, joins a team tasked with “brand reinvigoration and greater cultural relevance,” the company said.
By Daphne Howland • Feb. 6, 2024 -
Courtesy of Macy's
New Macy’s CEO Tony Spring takes over
Spring, who stepped into the role on Sunday, faces several challenges, including a take-private offer and changes to the department store’s fleet.
By Nate Delesline III • Feb. 5, 2024 -
Courtesy of Columbia
Columbia braces for challenging 2024 as net sales rise 1% in fiscal 2023
The company projected a net sales decline of between 2% and 4% against a background of "economic and geopolitical uncertainty."
By Lara Ewen • Feb. 2, 2024 -
Permission granted by Filson
Filson to launch womenswear line
The Seattle-based heritage outerwear brand expects to begin selling the collection in the U.S. this August, with a global rollout to follow.
By Lara Ewen • Updated Feb. 1, 2024 -
Daphne Howland/Fashion Dive
H&M Group CEO is out
Helena Helmersson unexpectedly stepped down after four years at the helm, replaced by Daniel Ervér, chief of the company’s namesake brand.
By Daphne Howland • Feb. 1, 2024 -
cofotoisme via Getty Images
Retailers have finally tamed their inventories: report
Sales growth outpaced inventory in the third quarter for the first time since the pandemic began, according to Telsey Advisory Group analysts.
By Ben Unglesbee • Jan. 31, 2024 -
Courtesy of Coupang
Coupang completes acquisition of Farfetch
The $500 million deal, initially announced in December, was threatened last week by Farfetch bond holders seeking to recover their investment in the luxury e-commerce firm.
By Lara Ewen • Jan. 31, 2024 -
Courtesy of REI Co-op
REI to lay off 357, including 200 at corporate headquarters
The move is the company’s third round of layoffs in less than 12 months.
By Nate Delesline III • Jan. 30, 2024 -
Jason Carter Rinaldi via Getty Images
Farfetch deal with Coupang threatened by ad hoc investor group
The noteholders, who collectively hold more than half of the luxury e-commerce platform’s 2027 bonds, say they’re seeking options that would allow them to recover their funds.
By Lara Ewen • Updated Jan. 30, 2024 -
Daphne Howland/Fashion Dive
Levi’s to lay off as much as 15% of its workforce
Incoming CEO Michelle Gass will oversee the ongoing pivot to DTC as the denim brand continues to struggle with its growth plans.
By Daphne Howland • Jan. 29, 2024 -
Permission granted by True Religion
True Religion announces footwear license deal
Launching in the fall, the new collection in partnership with Orly Corporation will feature men’s, women’s and kids’ shoes.
By Lara Ewen • Jan. 24, 2024 -
Retrieved from Digital Brands Group on January 03, 2024
Digital Brands Group plots 50 stores
The company said its first location will open by March, and it plans to use it to offload excess inventory, particularly from its Sundry acquisition.
By Caroline Jansen • Jan. 23, 2024 -
Daphne Howland/Fashion Dive
Macy’s to cut 3.5% of its workforce, close 5 mall anchors
The moves come as Tony Spring prepares to take the reins from CEO Jeff Gennette, who said a year ago that store closures were mostly complete.
By Daphne Howland • Jan. 22, 2024 -
Courtesy of Stitch Fix
Stitch Fix ends full-time work for stylists, lays off some leads
The apparel box retailer has kept a tight grip on expenses, but its sales and customer base continue to shrink.
By Daphne Howland • Jan. 19, 2024 -
Cindy Ord via Getty Images
Nike was the top-traded sneaker brand of 2023: report
The annual StockX culture index also named running shoe brands Asics and New Balance and gave a nod to viral footwear company MSCHF.
By Lara Ewen • Jan. 19, 2024
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