Latest in Financial
Gap Walks Tightrope, Looks to Get Stronger as It Cuts Head Count
Just the latest retailer to trim, Gap is laying off 1,800 workers to improve the "quality and speed" of…
Under New Rules, Brand Scandals Could Impact Kering Chief’s Paycheck
In the wake of Balenciaga's controversial ads, a portion of François-Henri Pinault's 2023 pay will be indexed…
Gap Lays Off 1,800 Workers to Improve ‘Quality and Speed’ of Decisions
Interim CEO Bob Martin said it was necessary to be "optimizing our operating model" for the future.
Return of Tourists Boosts SMCP Sales in France, China Stabilizes in Q1
Sales for the Sandro and Maje parent company were up 6.7 percent on an organic basis, while the Americas…
Unilever Is Upbeat About 2023 Following 10.5 Percent Uptick in Q1 Growth
Alan Jope, whose tenure as CEO was rocky at times, ended his career at Unilever on a high note, with sales on…
China Rebounded, America Sputtered for Puma in Q1
The German sporting goods firm reported revenues advanced 27.4 percent in Asia-Pacific, and slipped 0.8…
Kering Eyes Ultra-wealthy as Results Lag Peers
The French luxury group is banking on top-tier customers to reverse a lackluster streak.
Luxury Resale Specialist Monogram Secures 3 Million Euros in Funding
The phygital secondhand luxury player plans to step up its IT development, including development of…
Vince Cuts Deal With Authentic Brands Group
The "transformative strategic partnership" has Authentic taking control of 75 percent of Vince's intellectual…
Valentino Reports Profitability, Sales Growth in 2022
CEO Jacopo Venturini has been rebalancing the couture house's retail and wholesale distribution in favor of…
Retail Jolt: Bed Bath & Beyond Succumbs to Bankruptcy
With David's Bridal, that makes two prominent retailers taking their troubles to court in less than a week.
Walmart Pushes Back on Pay, Diversity and Gun Violence Proposals
The retailer preps for its annual meeting with a proxy laying out executive compensation and weighing in on a…
Zegna Revenues Increase 13.4 Percent With Broad-based Strength
The Zegna and Thom Browne brands are both coming into 2023 with some momentum.
David’s Bridal CEO Promises to Deliver the Dress Amid Bankruptcy
CEO James Marcum told WWD the bridal retailer still has brides covered for their big days and discussed the…
Salvatore Ferragamo in Transitional Phase, Says CEO
Revenues decreased 4 percent in the first quarter, but Marco Gobbetti said the full impact of the…