News

Steve Madden storefront with large dark lettering above glass doors and windows, in a blue and cream building
Steve Madden Raises 2026 Outlook After Q3 Revenue Rises 15.7% to $772.6 Million
November 6, 2026

Steven Madden reported third-quarter revenue of $772.6 million on Nov. 5, 2026, with wholesale up 19.4%, and lifted the low end of its full-year revenue and earnings guidance.

Stacks of brown paper shopping bags with printed branding hung on a counter in a store
I.T Group Takes Over Marc Jacobs’ Greater China Business Under a New Licence
October 27, 2026

I.T Group has taken over Marc Jacobs’ Greater China business and holds a long-term licence, the first international licensing deal since the September closing.

Lit Gucci store facade at dusk on a city street, with shoppers gathered at the entrance and pedestrians on the sidewalk.
Gucci Falls 6% on a Comparable Basis as Kering Holds Q3 Revenue at €3.35 Billion
October 23, 2026

Kering’s third-quarter revenue held at €3.35 billion as Gucci fell 6% on a comparable basis, while jewelry and eyewear grew and shares dropped.

Daytime view down a London street lined with shops and pedestrians, with a tall tower block in the distance.
Benetton’s 89 Oxford Street Flagship Closed 18 October, Reportedly Its Last UK Store
October 20, 2026

Trade outlets report Benetton closed its Oxford Street flagship on 18 October 2026, understood to be its last UK store, as its restructuring continues.

Container ships being unloaded and loaded at a harbor terminal, with a bridge and a cruise ship in view
Section 301 duties on 60 economies began July 24 as the Section 122 surcharge expired
October 13, 2026

Forced-labor duties on 60 economies took effect July 24 as the Section 122 surcharge expired.

People seated around a large wooden conference table in a meeting room, with a glass-walled office behind them
ASOS confirms customer data breach after hackers send rogue app notification
October 10, 2026

The UK online fashion retailer says names and contact details may have been exposed through third-party platforms. Shares fell about 11% in morning trading, according to FashionUnited.

Sephora storefront displaying Fenty Beauty cosmetics and branding
Jay-Z’s MarcyPen Nears Deal to Buy LVMH’s Half of Fenty Beauty
October 6, 2026

Jay-Z’s investment firm is near finalizing a purchase of LVMH’s 50 percent stake in Rihanna’s Fenty Beauty, consolidating control of the brand among Black principals.

Two silver-and-white Air Jordan high-tops on grass in a park setting
Nike’s Greater China collapse and Jordan Brand retreat signal shift in celebrity sneaker culture
October 2, 2026

Nike’s 26% Greater China sales plunge reveals a deliberate retreat from the retro drops and oversupply that fueled red-carpet sneaker status.

Ornate courtroom with elevated judge's bench, coat of arms, and decorative ceiling
Why fashion retailers file Chapter 11 in Delaware, not where they operate
September 29, 2026

How Delaware’s specialized bankruptcy court and Section 363 sales process shape restructuring outcomes, store closures and creditor recovery for fashion retailers.

Coast Guard officers inspect cargo shipping containers at a port
Why ending duty-free treatment for $800 shipments is straining fashion sourcing
September 28, 2026

The indefinite suspension of duty-free treatment for low-value shipments, effective June 2026, is forcing fashion retailers to rethink supply chains and pricing for small orders.

Urban Outfitters storefront with palm trees in Waikiki, Honolulu
Urban Outfitters Offset 60 Basis Points of Tariff Pressure Without Raising Prices
September 25, 2026

Urban Outfitters faced 60 basis points of tariff-driven margin pressure but offset it through occupancy leverage and inventory discipline, not broad price increases.

Festive display of bottled spirits at a department store
What comparable store sales actually measures and why retailers report it every earnings season
September 23, 2026

Comparable store sales strip away the noise of new openings to show whether a brand’s existing locations are growing.