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 Daily Fix…
ARCHIVE: GAP INTRODUCED A NEW LOGO AND DISASTER ENSUED – TFL
“Gap Inc.’s iconic blue-square logo, emblazoned on millions of shirts, hats and bags for more than two decades, got a makeover this week, drawing a backlash from customers who see the new look as ugly and bland.”
THIS IS THE REASON URBAN OUTFITTERS BOUGHT A PIZZA CHAIN – TFL
“The day millennial retailer Urban Outfitters announced it was buying Philadelphia’s Vetri Family group of restaurants, including Pizzeria Vetri, to complement its clothing stores, its stock fell as much as 10 percent.”
ABERCROMBIE & FITCH HAS DITCHED SEX FOR A NEW LOOK — SEE IT HERE – Business Insider
“Abercrombie & Fitch has been working hard to turn itself around.”
AILING BEBE STORES RELYING ON JOINT VENTURE TO SAVE ITS BUSINESS – California ApparelNews
“Bebe Stores Inc., the California retailer that has been bleeding money for the last four years, said its recently formed joint venture with Bluestar Alliance to find licensees for the brand is marching forward quickly.”
RAF SIMONS EXPECTED TO BE NAMED CALVIN KLEIN’S NEW CREATIVE DIRECTOR THIS WEEK – HYPEBEAST
“PVH Corp., the company which owns Calvin Klein, is expected to name Raf Simons as Calvin Klein’s new creative director this week.”
NIKE AND UNDER ARMOUR ARE FACING UNEXPECTED HEADWINDS — AND THE BATTLE COULD GET EVEN WORSE – Business Insider
“There are several signs that the brands that have been long-hailed has invincible to the challenges in the retail sphere may be headed for trouble.”
ARMANI CREATES FOUNDATION AS SUCCESSION ISSUE LOOMS – FashionMag
“Italian fashion designer Giorgio Armani said on Friday he would create a foundation in his name, for the first time shedding some light on succession plans for his fashion business.”
BEAUTY GIANT TO LAUNCH BRANDED CREDIT-CARD PROGRAM – RetailingToday
“Ulta Beauty is expanding its popular Ultamate Rewards loyalty program.”