FASHION INDUSTRY NEWS – THURSDAY
Good morning designers! The Thursday 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…
LOUIS VUITTON VICTORIOUS IN YET ANOTHER TAIWANESE TRADEMARK SUIT – TFL
“Louis Vuitton has been handed a second favorable ruling in the past several months in its efforts to fight fakes in Taiwan.”
TIFFANY AND COSTCO FACE OFF IN COURT OVER COUNTERFEIT RING DAMAGES – TFL
“After being found to have infringed Tiffany & Co. (“Tiffany”) trademarks by selling counterfeit diamond engagement rings bearing the iconic jeweler’s brand name in September 2015, Costco is back in court, this time facing a jury trial to assess damages in connection with the Tiffany ruling.”
ZAPPOS.COM TAKES LOYALTY TO A NEW LEVEL – CSA
“Zappos.com has found a new way to “wow” its passionate shoppers.”
RENT THE RUNWAY IS ELIMINATING BONUSES FOR ITS 950 EMPLOYEES AND RAISING THEIR SALARIES INSTEAD – Business Insider
“Rent the Runway, the online clothing-rental startup that’s on track to bring in $100 million in revenues by year’s end, has overhauled how it compensates employees.”
HIDDEN MAGNETS REPLACE BUTTONS IN VAN HEUSEN SHIRTS – FASHION NETWORK
“Apparel marketer PVH Corp has launched shirts designed with MagnaClick adaptive technology that eliminates traditional buttons in its Van Heusen brand.”
AMAZON IS CRUSHING MACY’S, NORDSTROM, AND KOHL’S – Business Insider
“Amazon is now the top seller of clothes online, and it’s crushing traditional clothing retailers like Macy’s, Nordstrom, and Kohl’s. ”
NIKE’S SLOWDOWN SPARKS CONCERN THAT RIVALS ARE CLOSING IN – TFL
“Nike Inc.’s closely watched futures orders are barely increasing in North America, renewing concerns that competitors are hamstringing the company’s once-torrid growth.”
REPORT: AMERICAN APPAREL ACTIVELY SEEKING BUYER – RetailDIVE
“Fast fashion, changing consumer tastes and priorities, and fatigue around American Apparel’s highly sexualized marketing have taken a toll on the retailer.”