Latest in Financial
PVH Corp. Rolls Out Next Wave of Layoffs in Effort to Simplify
The previously planned cuts will lead to $50 million in severance charges for the Tommy Hilfiger and Calvin…
Moody’s Predicts Rise in Retail Debt Defaults
While companies such as Belk are being pressured, the credit watchdog said "strong balance sheets are now…
Birkenstock Interviewing Banks for Potential IPO: Sources
The sandal maker, which is owned by L Catterton and Financière Agache, is getting ready to explore its…
Levi’s Bottom Line Hit by Wholesale Declines
CEO Chip Bergh said the brand is strong and gaining despite the ups and downs of the post-pandemic period.
How Italian Shoe Company ACBC Plans to Conquer the U.S. Market, Starting With an IPO
ACBC has collaborated with more than 50 companies on shoes, including Missoni, Diadora, Themoirè, MSGM…
A Supreme Student Loan Crunch
Lower-income consumers in particular are going to be squeezed by the decision to nix a $430 billion student…
Protesters Clash With Police in Paris, Break Into Nike, Zara Stores
The third night of protests over the police killing of a teenage driver spilled into shopping areas in the…
U.K. Court to Issue Wind-up Order for London Brand The Vampire’s Wife
The company, which has returned to profitability after amassing debts during lockdown, said it will continue…
Nike Beats Sales Expectations in Q4, but Misses on Earnings
Inventories were flat year-over-year.
Could Savers Value Village Save the IPO Market?
The for-profit thrift store's successful offering is another sign of a thaw in the market for fresh stocks.
Authentic Brands Group Gets Another $500 Million From General Atlantic
The private equity firm had previously invested nearly $2 billion into the brand management and entertainment…
H&M Stock Price Soars on June Sales Numbers
Summer sales are up 10 percent so far after a "flattish Q2" hit by supply chain and shipping costs.
Jimmy Choo Inks Decade-long Eyewear Agreement With EssilorLuxottica
The initial Jimmy Choo eyewear collection under the agreement will hit the market in the first quarter of…
Mulberry Revenue Beats Estimates in Fiscal 2023
Pretax profits slumped due to the closure of its Bond Street store and the absence of VAT-free shopping in…
Hypebeast Posts Fiscal 2023 Loss
The Hong Kong-listed streetwear media and e-commerce company posted a 5.1 million Hong Kong dollar loss…