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…

KITSON IS CLOSING ALL OF ITS STORES – Hypebeast
“Founded back in 2000, Kitson quickly made a name for itself with a high-end selection of casual wear and lifestyle goods that often featured humorous pop culture references, before becoming a popular shopping stop for Hollywood celebrities. Now the retailer has announced it will be closing the 17 brick-and-mortar locations in California, Oregon and Nevada along with its e-commerce store, though no specific reason has been cited as of yet.”

SAKS OWNER HUDSON’S BAY REPORTS 34% RISE IN THIRD-QUARTER SALES – Business Insider
“Canadian department store operator Hudson’s Bay Co posted a 34 percent rise in quarterly sales, helped by higher same-store sales in North America and Europe and strong online sales.”

WARBY PARKER INTRODUCES THE JAPANESE TITANIUM WINDSOR COLLECTION – Hypebeast
“Warby Parker combines the timeless Windsor with contemporary construction is it presents its latest collection of frames. Featuring a trio of new styles that reinterpret the Windsor’s distinct and circular shape, the collection includes the round and oversized Phipps sunglasses, as well as the slightly undersized Gellhorn and Henry — both of which are available in sun and optical options. All three come crafted in lightweight Japanese titanium and wrapped in premium cellulose acetate at the rim — the coils of which are hand-cut by a small Italian factory that’s perfected the 100-year-old technique.”

MEN’S WEARHOUSE FOUNDER SAYS IT’S CLEAR WHERE THE RETAILER WENT WRONG – Business Insider
“Men’s Wearhouse shares are getting hammered after the company reported ugly earnings.  The founder of the company, George Zimmer, says it’s clear where the retailer went wrong. “It was a mistake to acquire Jos. A Bank,” Zimmer, who was fired from Men’s Wearhouse in 2013, told Business Insider in an interview. “I think everyone realizes that, including Men’s Wearhouse at this point in time.””

HOT STOCKS: STEVE MADDEN, FOOT LOCKER & GENESCO – Footwear News
“Although the retail sector has had its share of challenges in recent weeks, market watchers aren’t withholding buy ratings from all of the companies in the space.  Shoes, and athletic brands in particular, continue to show strength as the overall market grapples with weather and inventory issues.”