These are the stories making headlines in fashion on Thursday.

Saks Global to cut up to 600 vendors

At Wednesday’s World Retail Congress event, Saks Global’s executive chairman Richard Baker announced that the retailer will cut about 600 brands that don’t fit within its portfolio and focus on retaining “controlled brands.” Baker continued, “We had to right-size our vendor matrix. When we put all these companies together, it turned out we had 2,660 vendors. Too many and terms of many of these vendors weren’t right. We had to reset our expectations for what vendor relationships would look like.” {WWD}

Mytheresa revenues up 3.8% despite tariff concerns

In Mytheresa’s first fiscal report since its acquisition of Yoox Net-a-Porter, the e-retailer reported its revenues up 3.8% to €242.5 million in fiscal 2025’s third quarter. Despite looming tariff concerns, Mytheresa’s average order value increased 8.8% to €753, average spend amongst top customers increased by 17.9% and the return rate was down. {Mytheresa}

Dick’s Sporting Goods to buy Foot Locker for $2.4 billion

Dick’s Sporting Goods has agreed to purchase Foot Locker in a $2.4 billion deal, marking the company’s most significant deal in the sporting goods industry yet. Foot Locker is expected to continue operating as a standalone business unit. {Dick’s Sporting Goods}

Vince faces potential delisting

Last week, Vince received a written notice from the New York Stock Exchange (NYSE) warning that it “did not presently satisfy NYSE’s continued listing standards.” The brand now has 45 days to present an updated business plan that outlines compliance with NYSE’S standards. Vince’s regular business operations will not be affected by this notice. {Retail Dive}

Birkenstock plans price hikes to offset tariffs

In an effort to offset the United States’ 10% tariffs on European-made products, Ivica Krolo, Birkenstock’s chief financial officer, said the German shoe company plans to raise prices globally. Demand remains strong in the United States, with revenue up 23% in the second quarter. Simeon Siegel, analyst at BMO Capital Markets, told Reuters that because of Birkenstock’s consistent demand among consumers, it has a “proven track record of already having permission” to raise prices. {Reuters}

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