FASHION INDUSTRY NEWS – FRIDAY
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MODCLOTH JUST LAUNCHED AN INCLUSIVE NEW SWIM LINE – Nylon
“ModCloth just launched an amazing new swimwear line called High Dive which has us dreaming of summer days to come. The collection consists of silhouettes with a vintage feel—we’re talking plenty of high-waisted bottoms and super adorable one-pieces in bright and colorful prints. Not only is the line affordable, with most pieces going for $100 or less, but they carry a full range of sizes, from XS to 4X.”
ONE OF THE HOTTEST CLOTHING START-UPS IS SUDDENLY LAYING OFF 10% OF ITS STAFF – Business Insider
“Nasty Gal is starting to crumble. Bloomberg is reporting that the company is going to lay off 10% of its staff. The company’s CEO Sheree Waterson told Bloomberg that axing these 19 employees is part of a “strategic restructuring.””We have seen other tech and apparel brands make similar types of business decisions recently,” Waterson wrote in a memo that Bloomberg received. “It is imperative for us to be nimble and think strategically about the future of our brand.””
GUESS GAINS SUSTAINABILITY AWARENESS, LOSES ANGORA – FashionMag
“LA based GUESS just released its first corporate sustainability report, and announced it will no longer use controversial angora rabbit fur in any of its products. Angora rabbit fur in fashion came under fire starting in 2013 when PETA Asia went undercover and shot a video revealing how horribly the rabbits were treated for their furs, with workers literally ripping the furs off of the rabbits while they were still alive and screaming in pain.”
RALPH LAUREN AND KOHL’S SHARES ARE GETTING ANNIHILATED – Business Insider
“Retail store owner Kohl’s and clothing maker Ralph Lauren are both down double digits in morning trading on Thursday after reporting disappointing earnings.”
LEVI’S TO EXPAND NFL COLLECTION TO THE FULL LEAGUE IN FALL 2016 – FashionMag
“The Levi’s Brand announced on Wednesday that it is expanding its Levi’s NFL Collection to include all 32 NFL teams in fall 2016. The Levi’s NFL Collection first launched as a standalone collection that paid homage to the San Francisco 49ers in honor of the team’s first season in Levi’s Stadium. Levi’s expanded the collection to include six additional NFL teams in fall 2015, which were the Chicago Bears, Denver Broncos, Green Bay Packers, New England Patriots, New York Giants and New York Jets. The 32 team Levi’s NFL Collection will combine Levi’s aesthetic with NFL team logos and colors, and it will roll out just in time for the NFL 2016 season.”