The Latest

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  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.

  Brands

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  Allbirds unveils Tree Runner Go sneaker as it refocuses on core products

  The shoe features improvements to the original design and comes after the successful launch of the Wool Runner 2.

  Brands

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  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.

  Corporate/Finance

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  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.

  Brands

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  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.

  Brands

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  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.

  Brands

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  Fast fashion clothing worn less, kept for shorter time than resold luxury: report

  Vestiaire Collective found that buying used, high-end goods is 33% more affordable than buying new fast fashion based on cost-per-wear metrics.

  Consumer Behavior

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  Eileen Fisher hosts inaugural resale e-commerce ‘Earth Day Takeover’

  The company’s Renew program directed online shoppers toward pre-worn garments rather than new ones as part of a larger take-back initiative.

  Sustainability

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  Athleisure is top dog in the teen closet: Here’s what the numbers say

  Nike remains the top clothing brand for teens but is losing mindshare.

  Consumer Behavior

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  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.

  Brands

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  Nuuly releases capsule collection made from its retired inventory

  The 10-piece line was created in collaboration with Zero Waste Daniel, a designer known for making items from pre-consumer waste.

  Sustainability

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  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.

  Corporate/Finance

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  Asics creates a circular shoe, returns program

  The sporting goods company designed a shoe ready to undergo recycling at the end of its use.

  Sustainability

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  Cotton used by H&M and Zara linked to illegal deforestation: report

  A year-long investigation by nonprofit Earthsight found that fiber certified by ethical supply chain organization Better Cotton was grown on "stolen" and "deforested" land in Brazil.

  Sustainability

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  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.

  Brands

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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.

  Brands

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  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.

  Sourcing

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  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.

  Brands

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  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.

  Brands

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  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.

  Consumer Behavior

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  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.

  Technology

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  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.

  Brands

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  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.

  Consumer Behavior

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  Deep Dive

  Golf 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.

  Consumer Behavior

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  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.

  Brands

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