Calvin Klein Names New President
PVH global head of operations David Savman will succeed Eva Serrano as the new head of Calvin Klein.
With Financing Push, Saks Global Looks to Buy Some Time
A deal to secure $500 million in new financing may push out a reckoning. But falling sales, looming payments to vendors and creditors continue to dog the luxury retailer’s post-merger vision.
Retail’s Looming Inventory Problem
Amid tariff whiplash, retailers are scrambling to balance demand with delayed shipments. Too much stock — or too little — could spell disaster for fall and holiday collections.
Retail
The Debrief | The Trade War’s Off, For Now. What’s Next for Fashion?
The US and China's 90-day trade truce is welcome news for fashion, but uncertainty lingers. BoF’s Cathleen Chen and Marc Bain join The Debrief to break down the immediate impact, lasting challenges and strategies brands should adopt in uncertain times.
The Debrief | The Trade War’s Off, For Now. What’s Next for Fashion?
The US and China's 90-day trade truce is welcome news for fashion, but uncertainty lingers. BoF’s Cathleen Chen and Marc Bain join The Debrief to break down the immediate impact, lasting challenges and strategies brands should adopt in uncertain times.
With the Trade War on Pause, Here’s What’s Next for Fashion
Fashion let out a sigh of relief as the US and China announced a de-escalation of their punishing trade battle, but the industry can’t breathe easy just yet.
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Is This the End of Cheap Stuff in America?
As US sales of Shein and Temu plummet, some sustainability advocates make the case for an unlikely win in the movement toward conscious consumption under President Donald Trump’s protectionist trade policies.
Skechers’ $9.4 Billion Blockbuster Buyout, Explained
The comfort sneaker brand’s $63-per-share acquisition by the Brazilian private equity firm 3G shocked both the fashion and financial worlds.
Amazon Isn’t the Solution to Saks’ Problems
The shiny new storefront on Amazon Luxury did not distract investors this week from Saks Global’s deteriorating liquidity problem.
Allow Thom Browne to Re-Introduce Himself
With a new store concept and marketing campaign, the designer is looking to widen his brand’s appeal beyond the fashion elite.
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As Foreign Tourists Stay Away, US Retailers Dust Off Their Covid Playbooks
International visits to the US are falling fast due to tariffs and growing tensions between America and the rest of the world. The silver lining for retailers: they’ve been down this road before.
Retail
Why So Many Brands Gave Up on Clothing Rental
Ralph Lauren, American Eagle Outfitters and Banana Republic are among the retailers that briefly experimented with the concept. The implosion of CaaStle, which provided logistics for many of these services, is the clearest sign yet that rental’s future lies elsewhere.
Why So Many Brands Gave Up on Clothing Rental
Ralph Lauren, American Eagle Outfitters and Banana Republic are among the retailers that briefly experimented with the concept. The implosion of CaaStle, which provided logistics for many of these services, is the clearest sign yet that rental’s future lies elsewhere.
Why Gap Is Going Premium
With the new GapStudio line, creative director Zac Posen is introducing an edgier, fashion-forward perspective and a platform for monetising his designs on the red carpet, such as Gap’s latest custom outfit for Timothée Chalamet.
Retail
Why Are There So Many Luggage Brands?
Tourists have their pick of suitcases at every price point, thanks to low barriers to entry and a travel boom that’s inflated the category’s sales year after year. But amid signs demand has peaked, it’ll take more than a Shopify storefront and slick branding to succeed.
Why Are There So Many Luggage Brands?
Tourists have their pick of suitcases at every price point, thanks to low barriers to entry and a travel boom that’s inflated the category’s sales year after year. But amid signs demand has peaked, it’ll take more than a Shopify storefront and slick branding to succeed.
The News in Brief
Reports: Saks Global Culls Corporate Workforce, Shutters Warehouse in Tennessee
The department store chain, which now encompasses Neiman Marcus stores and Bergdorf Goodman, will eliminate hundreds of jobs in consolidation and cost-saving efforts.
Fashion Rental Service CaaStle Faces ‘Immediate Liquidity Challenge’ After Founder Accused of Financial Misconduct
The retail rental subscription service has furloughed employees and faces liquidation.
Branded Resale Service Provider Archive Raises $30 Million
Archive works behind-the-scenes with brands like New Balance, The North Face and Oscar de la Renta to power their in-house resale programmes.
Grace Ling Opens First Store in New York
The location will also serve as a showroom for the designer’s red carpet clientele.
Saks Finalises Acquisition of Neiman Marcus Group
The $2.7 billion merger counts Amazon, G-III Apparel Group and Authentic Brands Group as investors.
Vera Wang Brand Acquired by Fashion Holding Company WHP Global
The designer will continue to serve as founder and chief creative officer.
The RealReal Names Rati Sahi Levesque as New CEO
The long-time company executive will replace John Koryl in the top role.