The Latest
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LVMH revenue falls 2% in Q1
The company’s fashion and leather goods division was down year over year following record-breaking profits in fiscal 2023.
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Courtesy of Flexport
Shein taps Flexport as logistics partner for US marketplace
The arrangement allows orders made through the fast fashion giant to activate logistics processes with the freight forwarder.
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Cate Gillon/Getty Images via Getty Images
Crocs shrinking shoes lawsuit to move forward
The footwear company had asked the court to dismiss a class action lawsuit that accused it of false advertising and misrepresentation.
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Gareth Cattermole/Getty Images via Getty Images
Dr. Martens CEO to step down amid ‘challenging’ fiscal year outlook
Kenny Wilson will be succeeded by Ije Nwokorie, the footwear company’s chief brand officer.
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Liudmila Chernetska via Getty Images
Higher-income households wait for apparel sales: report
Top earners are especially aware of “retailer promotional patterns” in clothing, according to the Spring 2024 Consumer Sentiment Survey from Alvarez & Marsal.
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Courtesy of Knot Standard
Billy Reid acquires Knot Standard’s DTC business
As part of the deal, the fashion brand will take over the DTC brand’s stores and start using its AI-based made-to-measure software in all its locations.
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Justin Sullivan/Getty Images via Getty Images
Urban Outfitters granted favorable verdict in trade secrets legal fight
Now-defunct rental service Le Tote, which considered a sale to the fashion giant, said the Nuuly owner violated unfair competition rules.
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Joe Raedle via Getty Images
Aspirational luxury customers spend $274B a year on fashion: report
Consumers who spend a moderate amount generate half of total luxury brand revenue across seven countries, according to a McKinsey report.
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Courtesy of Under Armour
Deep DiveGolf fashion moves into the mainstream
A new line from Tiger Woods, LVMH's latest collaboration with Tyler, the Creator and indie brands are helping to bring the sport from performance wear to streetwear.
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Daphne Howland/Fashion More
Levi’s taps Burberry veteran to lead DTC push
Gianluca Flore, who has also had leadership roles at Kering and Bottega Veneta, will oversee all of the denim brand’s selling channels globally.
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Michael M. Santiago/Getty Images via Getty Images
Gucci appoints deputy CEO
In the newly created role, Stefano Cantino will report to Jean-François Palus, who was named president and CEO in 2023.
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Permission granted by Rent the Runway
Rent the Runway turns to resale, advertising in renewed growth push
The apparel rental service beat expectations in Q4 and struck a note of confidence, saying its restructuring earlier this year wasn’t just about cuts.
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Daphne Howland/Fashion More
Nordstrom taps company veteran to lead Rack merchandising
Lori Marten has held various merchandising roles at the department store for nearly 30 years, and will join the off-price unit later this month.
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John Moore/Getty Images via Getty Images
DHS unveils ‘enhanced strategy’ to fight illicit trade in textile industry
The plan includes cracking down on small shipments that fall under the de minimis exemption and benefit fast fashion giants such as Shein and Temu.
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Courtesy of Shein
Shein has copyright infringement ‘baked into’ its business model: class action lawsuit
The complaint is the latest to claim the fast fashion company steals designs from independent artists.
Updated April 10, 2024 -
Annaspoka via Getty Images
‘It’s important to get going’: How fashion is navigating the many complexities of sustainability
Understanding supply chains is key to both regulatory compliance and scaling solutions, executives said at an American Apparel & Footwear Association’s event.
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Courtesy of Asia Floor Wage Alliance
11 years after Rana Plaza tragedy, fashion brands still failing to improve treatment of garment workers: report
While fashion brands have disclosed more about their supply chain, advocacy group Fashion Revolution said the industry has not done much to clean it up.
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Pascal Le Segretain via Getty Images
5 fashion industry takeaways from the international fall-winter 2024 runways
At shows in Europe and Asia, sweaters got extra cozy while shoulders grew comically big.
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Andrii Kozlytskyi via Getty Images
Majority of brands won’t meet their emissions goals: report
About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.
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Thanaphong Araveeporn via Getty Images
Apparel execs urge sourcing diversification amid geopolitical risks
Executives at an American Apparel & Footwear Association event underscored the need to find alternative sourcing as U.S.-China relations continue to fray.
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Drew Angerer/Getty Images via Getty Images
Coach files trademark and unfair competition complaint against Gap
Attorneys for the Tapestry-owned brand say some Old Navy-branded T-shirts are meant to make consumers think “there is a connection or association between” the brands.
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Photo Illustration by Drew Angerer via Getty Images
Shein, Temu have high customer overlap with TikTok Shop: report
Even while facing a potential ban in the U.S., an Earnest Analytics report finds the platform is dominating social shopping.
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Courtesy of Mango
Mango and Victoria Beckham to release capsule collection
The limited-edition collaboration is part of a push by the retailer to lean into luxury materials and elevate its offerings as it celebrates its 40th anniversary.
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Courtesy of Ermenegildo Zegna Group
Zegna Group reports fiscal 2023 gross profit of $1.3B
The company confirmed February preliminary revenue while also announcing a 108% year-over-year profit increase.
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Daphne Howland/Fashion More
Levi’s gains momentum as Beyoncé name-checks the brand on her new album
Despite Q1 revenue declines and a net loss, the denim maker noted strength in the U.S., its largest market, and other reasons for optimism.
