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…

A GORGEOUS THIRD QUARTER FOR ULTA BEAUTY – RetailngToday
“The beauty retailer reported a 12.8% increase in customer traffic for the third quarter ended Nov. 1 and average spending rose by 2.2%. E-commerce sales grew 56.3% to $46.2 million from $29.6 million in the third quarter of fiscal 2014, representing 190 basis points of the total company comparable sales increase of 12.8%. The company also raised its outlook for the third time this year: Comps are now expected to rise 11%, rather than the 8% the Ulta team forecast in May.”

PANTONE CHOOSES 2 COLORS OF THE YEAR FOR THE FIRST TIME EVER – Whowhatwear
“Pantone has announced its annual color of the year—but this time, there’s a twist. For the first time ever, two colors have taken the top honor: Rose Quartz, a pastel pink, and Serenity, a baby blue. According to Pantone, they’re a “harmonious pairing of complementary shades.”

TAMARA MELLON FILES FOR VOLUNTARY CHAPTER 11 BANKRUPTCY – FootwearNews
“In documents filed in bankruptcy court in Delaware on Wednesday, the former veteran Jimmy Choo designer, who launched her own label in late 2013, estimates her company’s assets at $1 million to $10 million — the same amount as its liabilities.”

MEET THE 19-YEAR-OLD DESIGNER TWINS WORN BY RIHANNA – TheNewYorkTimes
“At age 19, the DeHart brothers (or Lucid twins, as they are often called), have found their niche and may be headed to moguldom.Their clothing line, which they started when they were 14, is carried at the boutiques A Number of Names in London, Standard in Atlanta and VFiles in New York. The pieces, which cost $13 to $245, include hooded sweatshirts, painter’s pants and button-down shirts: clothes for the street, clothes for the club.”

IT COULD COST LANVIN $55 MILLION TO GET RID OF ALBER ELBAZ – NYMag
“After the brand’s employee-works council protested the firing of longtime designer Alber Elbaz, company management took them to court for using the Lanvin email and message boards to discuss said firing and to organize an opposition.”