Burberry replaces CEO, suspends dividend; shares dive 10%
Pedestrians walk past a Burberry Group Plc store, left, in the Causeway Bay shopping district of Hong Kong. Xaume Olleros | Bloomberg | Getty Images […]
Apparel Retail
Nike CEO John Donahoe under fire from Wall Street after Q424 report
John Donahoe, attends the first day of the annual Allen & Company Sun Valley Conference, in Sun Valley, Idaho. Drew Angerer | Getty Images Nike […]
Tiger Woods, TaylorMade sign apparel deal following his Nike split
Tiger Woods and TaylorMade have made it official. The golf great has agreed to create a new apparel and footwear performance and lifestyle brand with […]
Superdry shares soar more than 100% as company considers going private
Tristan Fewings/Getty Images LONDON — Superdry shares soared more than 100% on Friday, as the embattled British fashion retailer confirmed that co-founder and CEO Julian […]
Clothing brands failing to eradicate forced labor risk in supply chains, research finds
A Yayoi Kusama sculpture is displayed on the top of the Louis Vuitton’s Champs Elysees store, on January 12, 2023 in Paris, France. This year […]
LVMH shares jump 8% as earnings point to luxury sector resilience
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in […]
Nike, Foot Locker shares plunge on weak sales outlook
A shopper leaves a Nike store along the Magnificent Mile shopping district in Chicago with a purchase on Dec. 21, 2022. Scott Olson | Getty […]
Online retailer Temu files fresh lawsuit against rival Shein in U.S.
Global online shopping platform Temu is already climbing the ranks in the U.S. Apple Store. Bloomberg | Bloomberg | Getty Images Chinese low-cost online retailer […]
Shein IPO: Lawmakers scrutinize forced labor
Lawmakers are ramping up their scrutiny of Shein after it confidentially filed to go public last week. One congressman who sits on a key committee […]
’You barely knew what we were actually selling’
Richard Dickson, CEO of Gap Inc. Courtesy: Gap Inc. New Gap CEO Richard Dickson has spoken about his experience upon joining the struggling company from […]