Latest in Financial
Positive 2023 for Puma, but 2024 Outlook Requires More Effort in North American Market
The German activewear brand saw sales increase over the past year but also predicted tough times ahead. In…
Moncler Sees Shareholding Changes, Rivetti Family to Invest Directly in Brand
Carlo Rivetti, chairman of Stone Island, will have a stake of around 4 percent and Remo Ruffini, chairman and…
Pharrell Williams’ Black Ambition Prize Aims to Empower Entrepreneurs
The grand prize is $1 million in the Black Ambition Prize Competition's fourth edition.
WWD Recommends
Antonio Marras, Intimissimi Owner Reports 2023 Sales of 3.1B Euros
Oniverse, formerly Gruppo Calzedonia, has been transforming from an innerwear and hosiery specialist to an…
Zulily IP Assets Go Up for Sale, Giving Flash Sales Site a Second Chance
Zulily's intellectual property assets are being shopped around by Hilco Streambank, giving the flash sales…
Champion Bids Roll In: Hanesbrands Said to Be Seeking $1.4B
Bids in the auction to buy the brand were due on Wednesday.
Wolverine Worldwide 2023 Sales, Profits Meet Guidance Following Transformational Year
Net revenues for the full fiscal year fell 16.5 percent to $2.24 billion versus $2.68 billion in 2022.
Lanvin Group Reports Tepid 2023 Sales, Sees Continued Softness
CEO Eric Chan characterized 2023 as a "transitional year of resiliency."
Walmart Hit $100 Billion in E-commerce Sales for 2023
The company topped off the year with a strong fourth quarter, but sees revenue growth moderating in 2024.
S&P Downgrades VF’s Debt to One Step Above Junk
The credit watchdog said VF might sell off one or two of its big four brands to bring its $6 billion debt…
Guess and WHP Cut Deal to Buy Rag & Bone
The jeans company and the brand management firm are joining forces to acquire Rag & Bone.
Diesel Parent OTB Reports 2023 Sales Gains, CEO Confirms IPO Plans
Ubaldo Minelli said the public listing could take place in Milan either in the last quarter of 2024 or in the…
Nike Is Laying Off 2% of Workforce as Company Works to ‘Right-Size’ Organization
The move comes after the athletic giant revealed in December it would look to save up to $2 billion in costs…
A Retail Road Bump? January Sales Growth Slows to 0.6%
Year-over-year sales had their worst showing since May 2020 last month.
Express CEO Seeks to Calm Bankruptcy Worries Following Report
Stewart Glendinning said the retailer is "proactively preserving our liquidity" as it waits for a CARES Act…