The Latest
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Walter Chiappoini leaves Blumarine
The creative director exits the brand after presenting his first collection in February during Milan Fashion Week.
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Sponsored by CGS
Top 2024 challenges and priorities
Embracing technology, automating processes and digitally connecting operations are crucial for greater visibility, transparency, efficiency and cost control.
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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.
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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.
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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.
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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.
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5 fashion industry trends from the 2024 Academy Awards
Hollywood stars showed up in bold colors, classic tailoring and plenty of glitter for the year's most-anticipated awards show.
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How the SEC climate rule will impact manufacturers’ supply chains
Even with scope 3 emissions left out of the new rule, contract manufacturers should be prepared to report emissions data as more states adopt disclosure requirements, experts say.
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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.”
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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.
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Diesel and Lee collaborate on recycled denim capsule
The four-piece collection launched globally last week and features jeans made from unsold fabric sourced from both brands’ stock.
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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.
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H&M launches its H2 Exchange circular fashion initiative
The program, created in partnership with designer Heron Preston, seeks to bring sustainable clothing concepts to a younger, wider audience.
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REI releases first nongendered apparel collection for adults
The company also said it is transitioning its in-house brand away from gender-specific merchandise “where it makes sense.”
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Hugo Boss posts modest 2024 fiscal outlook
Although the company saw record sales in 2023, significantly lowered expectations for the coming year caused stock prices to plummet.
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Prada Group revenues up 13% in 2023, although sales in the Americas lag
Miu Miu underpinned growth for the fashion house due in part to the brand’s popular cardigans and ballet flats, which kicked off a librarian-chic trend.
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Salvatore Ferragamo sees revenue slip 7.6%
The Italy-based house attributed declines in its retail segment to the softening luxury market, especially during the second half of 2023.
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Birkenstock’s expanding production capacity lifts sales as it eyes more growth ahead
The footwear brand plans to double capacity in the next three years, spending tens of millions of dollars along the way.
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Gap Inc. will begin using regenerated polyester in Athleta apparel
Cycora, a material from textile science manufacturer Ambercycle, is expected to show up in the athleticwear brand's clothing beginning in 2026.
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The Council of the EU and European Parliament reach deal on forced labor product ban
The provisional agreement includes clarity on assessing potential violations.
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Investors throw another $800M onto Macy’s takeover bid
Arkhouse Management and its partners have upped their offer to $6.6 billion despite the department store’s refusal to share financial information.
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Prada expands fashion training program in partnership with UN
The initiative is designed to help women increase their embroidering and weaving skills while promoting empowerment and sexual and reproductive health, per the company.
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Wolverine-owned Merrell and Sweaty Betty to launch women’s hiking collection
The collaboration, which features footwear, activewear and accessories, will be available at select retailers and via both brands’ e-commerce sites in early spring.
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URBN opens second fulfillment center for its rental brand
Nuuly plans to invest $60 million into its 600,000-square-foot facility in Missouri in the coming years.
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Luxury consumers optimistic about economy, but that won’t translate to spending in the near term: report
Saks’ quarterly survey found that consumer spending in the luxury category may increase in the second half of the year.
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New majority-stake owners of The Children’s Place come through with funds, shake up board
Saudi investment firm Mithaq Capital is providing $78.6 million in interest-free, unsecured and subordinated term loans.