These are the stories making headlines in fashion on Friday. Nike Cuts Jobs Under New ‘Pace’ Restructuring Plan On Thursday, Nike announced a restructuring plan called “Pace” that will cut jobs next year and consolidate its four geographic regions into three, after quarterly sales fell 4% to $11.2 billion. The company expects the plan to save $2.5 billion by fiscal 2031 at an implementation cost of $1 billion, including $300 million in severance. Sales in Greater China dropped 22% — the fifth straight quarterly decline in the region. Nike expects full-year revenue to fall by a high-single-digit percentage. { Nike ; Business of Fashion /paywalled} Sycamore Close to Selling Boots for $9 Billion Sycamore Partners, the private equity firm that took control of Boots by acquiring its parent company Walgreens Boots Alliance Inc. in 2025, is nearing a deal to sell the chain to the Canadian Weston family. The sale would hand over more than 1,800 U...
ICYMI: CFDA Names Hildy Kuryk as Interim CEO, John Galliano's Zara Collab Is Here & Milan Fashion Week's Top Spring 2027 Trends
In case you missed them, we’ve rounded up our most popular stories of the week to help you stay in the loop. No need to thank us — just toast a caramel apple cider in our honor when you’re discussing who did what over your banana bread. Related: Following Steven Kolb’s Resignation, CFDA Names Hildy Kuryk as Interim CEO Related: Unlike His Met Exhibit, John Galliano’s Zara Collab Has Come to Fruition Related: 7 Spring 2027 Trends to Know From Milan Fashion Week Related: The 13 Best Beauty Products Fashionista Editors Tried in September Related: Fashionista’s September Shopping List: 16 Items Our Editors Love Related: Milan Fashion Week Street Style Evoked a Sexy, Modern ‘Mad Men’ Related: Fashionista’s 9 Favorite Spring 2027 Collections From Milan Fashion Week Related: Joseph Altuzarra Brings His Literary Influences and Balloon Pants to Old Navy Related: Tommy Hilfiger and Calvin Klein Were New Yo...