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…
MORE C-SUITE CHANGES FOR FRANCESCA’S – RetailingToday
“Francesca’s has lost its chief financial adviser just weeks after naming a new head merchant and a new senior marketing executive. The Texas-based company announced that Chief Financial Officer Mark Vendetti has resigned from the company effective Dec. 4. Cindy Thomassee, Francesca’s current VP of Accounting, has been appointed to the role of Interim CFO and will report directly to CEO Michael W. Barnes while the company conducts a search for a CFO.”
NINE APPAREL STARTUPS TO SOLVE THE REAL STYLE PROBLEMS OF 2016 – Bloomberg
“I would loosely estimate that at the moment there are roughly 1 trillion fashion startup ideas trying to Kickstart their way into our lives and closets. Like Padkix’s “period of happiness” underwear (you can guess its purpose), or The Ultimate American Sock—which is softer than cashmere and warmer than wool—and made entirely out of … bison.”
WHY FOREVER21 IS FOREVER – Yahoo!
“Many women have fallen in — and out of — love with Forever 21. There are young, cash-strapped customers who just want to get their hands on stylish clothing, not caring if its going to wear out quickly. But as many women get older, they tend to prefer higher-quality clothing they won’t have to replace constantly. The former category is helping Forever 21 thrive.”
THE BEST (AND WORST) LOOKS FROM THE AMERICAN MUSIC AWARDS 2015 – theguardian
“Gold, top knots and Justin Bieber in a a Nirvana T-shirt – the red carpet fashion at the American Music awards was a strange and sometimes scary beast”
FOOT LOCKER STILL OUTRUNNING ITS COMPETITORS – RetailingToday
“Higher demand for running and basketball shoes is translating into more record sales and profits for Foot Locker, which reported impressive third quarter results on Friday. The New York-based specialty athletic retailer posted a same store sales increase of 8.7% in its third quarter ended Oct. 31.”