FASHION INDUSTRY NEWS – FRIDAY

Good morning designers!  The Friday edition of the StylePortfolios.com Daily Fix is up and ready for your reading pleasure.  What are you waiting for?  Get a coffee, sit-down and get your day started-off right with the The Daily Fix…

DESIGNER SNEAKERS: WHY MEN ARE DITCHING DRESS SHOES FOR THEM – The Wall Street Journal
“Tony King can recall an irksome time, some years ago, when he would constantly swap his Church’s dress shoes for a more comfortable pair of Converse All-Stars throughout the workday, depending on whether he was leading an important meeting or overseeing a relatively laid-back photo shoot. “I was always changing,” he said..”

MACY’S SHOPPERS DEVELOPED A HABIT DURING THE RECESSION — AND IT’S HAUNTING THE BRAND TO THIS DAY – Business Insider
“Macy’s is diving headfirst into the world of extreme discounting.  Two months after opening the first three stores in a new discount chain called Macy’s Backstage, Macy’s is ramping up the rollout with plans to open 50 new stores within the next two years, the company said Wednesday.”

E.L.F. COSMETICS OWNER HIRES BANKS FOR IPO – FashionMag
“J.A. Cosmetics US Inc, the U.S. owner of budget beauty brand e.l.f. Cosmetics, has hired underwriters for an initial public offering that could come as soon as the first half of 2016, according to people familiar with the matter.”

SHOES.COM PICKS UP RICHER POORER SOCK BRAND – Footwear News
“E-commerce site Shoes.com announced today it has acquired hip sock and accessories brand Richer Poorer for an undisclosed amount.  Roger Hardy, CEO of Canada-based Shoes.com, said the purchase was a natural move for the footwear dot-com, which sells a selection of over 500 brands to customers in the U.S. and Canada.”

TEEN VOGUE IS NOT ENDING ITS PRINT RUN, CONTRARY TO RUMORS – The Huffington Post
“The Internet was a buzz Thursday with rumors that Teen Vogue, the beloved offshoot publication of Vogue that launched in 2003, would shutter.  Vogue, however, announced Thursday afternoon in a statement that it will absorb Teen Vogue only from the business side, with the editorial side remaining intact as of now. “