Corporate/Finance

Skechers logs record Q1 sales amid wholesale revival

The company expects revenue to increase by up to 11% for the fiscal year, which an analyst called “a pleasant surprise.”

By Laurel Deppen • April 26, 2024

Hermès revenue resilient despite widespread luxury downturn

Earnings were up 13% in Q1, with strong global sales and increased demand for leather goods, jewelry, home and fashion and accessories.

By Lara Ewen • April 26, 2024

Explore the Trendline➔

Top 5 stories from Fashion More

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 More staff

The turnaround of Abercrombie & Fitch is finally here

S&P Global Ratings on Tuesday upgraded the apparel retailer, not just on its better-than-expected 2023 performance but also its strong momentum.

By Daphne Howland • April 25, 2024

Miu Miu’s popularity helps Prada Group revenue grow 11% in Q1

Retail sales for the brand were up 89%, reinforcing its continued consumer appeal against a wider backdrop of luxury sector challenges.

By Lara Ewen • April 24, 2024

Kering forecasts recurring operating income decline of up to 45% in H1

Gucci revenue dropped double-digits in the first quarter of 2024, which its parent company blamed on “ongoing normalization” in the luxury sector.

By Lara Ewen • April 24, 2024

Zegna Group revenue up 8.1% in Q1

Thom Browne revenue fell more than 30% due to DTC challenges in China, wholesale streamlining and updated delivery timing.

By Lara Ewen • April 23, 2024

Gildan to replace 5 members of its board ahead of annual meeting

The move is a tactic by the activewear company to show it’s compromising in the midst of a proxy battle, an analyst said.

By Laurel Deppen • April 23, 2024

Second phase of Nike layoffs to hit Oregon headquarters this summer

After the job cuts, effective June 28, about 740 employees will have been impacted in the athleticwear brand’s home state.

By Cara Salpini • April 23, 2024

FTC sues to block Tapestry’s $8.5B acquisition of Capri Holdings

The commission alleges the deal prevents competition between brands at both companies and gives Tapestry a dominant share of the “accessible luxury” handbag market.

By Lara Ewen • April 22, 2024

EssilorLuxottica growth slows in Q1 as North America revenue lags

The luxury eyewear company saw modest gains, but noted that strong earnings in 2023 made comparisons challenging.

By Lara Ewen • April 19, 2024

New Gildan CEO announces strategic plan, preliminary Q1 revenue

The activewear company, which is weighing potential sale bids in the midst of a proxy battle, expects a 1% revenue decline.

By Laurel Deppen • April 18, 2024

Adidas raises guidance for the year as Yeezy leftovers keep on giving

But the sneaker giant is building momentum beyond the now-discontinued sub-brand, and CEO Bjørn Gulden’s turnaround seems to be taking hold.

By Daphne Howland • April 18, 2024

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.

By Lara Ewen • April 17, 2024

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.

By Laurel Deppen • April 17, 2024

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.

By Laurel Deppen • April 16, 2024

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.

By Laurel Deppen • April 15, 2024

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.

By Daphne Howland • April 15, 2024

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.

By Daphne Howland • April 12, 2024

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.

By Laurel Deppen • April 12, 2024

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.

By Daphne Howland • April 11, 2024

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.

By Laurel Deppen • Updated April 10, 2024

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.

By Ben Unglesbee • April 9, 2024

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.

By Lauren Schenkman • April 9, 2024

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.

By Laurel Deppen • April 8, 2024

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.

By Tatiana Walk-Morris • April 8, 2024