FASHION INDUSTRY NEWS – MONDAY

Good morning designers!  The Monday 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…

VICTORIA’S SECRET’S LONGTIME CEO HAS SUDDENLY RESIGNED – Yahoo!
“Victoria’s Secret’s longtime CEO, Sharen Jester Turney, is resigning, according to a release from parent company L Brands. Turney has worked with Victoria’s Secret for almost sixteen years. She was the President and CEO of Victoria’s Secret Direct as of 2000, and she became CEO of the namesake company in 2006. According to the release, she is leaving the brand to focus on her family and her life outside of work.”

FOREVER 21’S PLUS-SIZE INSTAGRAM ACCOUNT IS GETTING CRITICIZED FOR A SURPRISING REASON – Nylon
“When a clothing brand expands to offer a greater number of clothing sizes and expresses a message of body positivity, it is usually met with excitement, praise, and booming sales (just look at Aerie for proof). But sometimes, an attempt to embrace larger sizes can result in a well-intentioned, yet wholly misguided marketing ploy—which is why Forever 21’s creation of a plus-size Instagram has some customers angry. ”

INSTAGRAM AND PINTEREST ARE KILLING GAP, ABERCROMBIE, & J. CREW – Business Insider
“Traditional mall retailers like Gap, J. Crew, and Abercrombie & Fitch have faced declining sales in recent years. And the problem might be signaling something even more troublesome than dowdy apparel. Instead, it is a total shift in how teen consumers think. Young people want to purchase experiences rather than actual stuff, and when they do buy clothing or shoes they want to be able to showcase purchases on social media.”

BURBERRY FACES U.S. LAWSUIT ACCUSING IT OF DECEPTIVE PRICE TAGS – FashionMag
“British luxury fashion brand Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains. The company, which specifically manufactures some of the products for its outlet stores, is accused of intentionally presenting false price information on products that have never been sold in its retail stores to mislead customers.”

PERRY ELLIS AND PICO MANUFACTURING ENTER LICENSE DEAL FOR ORIGINAL PENGUIN – FashionMag
“Perry Ellis International, Inc. announced Thursday that it has entered into a license agreement with Pico Manufacturing Sales Corporation for An Original Penguin by Munsingwear. The new agreement is for the design, production and distribution of Original Penguin boys underwear and sleepwear in the US and Canada. The product is planned to launch at retail with premium department stores and children’s specialty stores for Fall/Holiday 2016.”