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 The Daily Fix…
HOW AN UGLY CHRISTMAS-SWEATER COMPANY BECAME ROBERT HERJAVEC’S BEST ‘SHARK TANK’ INVESTMENT – Business Insider
“It’s the most wonderful time of the year for retailers — and for “Shark Tank” investor Robert Herjavec. He has consistently said that his favorite investment from the show is goofy holiday-apparel company Tipsy Elves. He invested $100,000 for 10% equity in the business two seasons ago in 2013.”
HOW LUXURY SHOPPERS ARE CHANGING THE FACE OF RETAIL – Business Insider
“Luxury shoppers are highly coveted customers for brands and retailers. The top 10% of US household earners (those taking home $120,000 or more annually) account for approximately half of all consumer expenditures. This demographic’s growing preference for online shopping is changing the face of luxury retail, and it has significant implications for how brands target luxury consumers.“
FRANCE JUST PASSED A MAJOR LAW AGAINST “TOO-THIN” MODELS – Nylon
“Yesterday, the French government took a major step in promoting healthy living and body image, passing a bill against “too-thin” models. Although no starting date was specified, models will soon be required to receive medical certificates from a doctor stating that their body mass index is “compatible with the practice of the profession.” Photographs that are altered to morph the model’s silhouette “narrower or wider” are also required to clearly state that they are retouched. ”
FOSSIL BRINGS PROMOTIONS TO LIFE ON INSTAGRAM – RetailingToday
“When it comes to reaching today’s consumers, Richardson, Texas-based vertical specialty apparel/accessories retailer Fossil Group Inc. is not living in the past. “We are focusing on image creation for our social promotions,” said Jencey Keeton, marketing manager, digital branding and global marketing for Fossil, during an interview with Chain Store Age. “Images are now the way consumers are speaking. To be relevant, social platforms must include images.””
UNDER ARMOUR TAPS CHIP MOLLOY FOR CFO SLOT – Footwear News
“Chip Molloy, the former CFO of PetSmart Inc., will join Under Armour as its new CFO on Jan. 19, 2016. The Baltimore-based footwear and apparel company’s CFO and COO Brad Dickerson announced in October that he would leave the firm in February to accept the CFO role at recipe delivery service Blue Apron.”
BARNEYS AND RUSSELL WESTBROOK INTRODUCE JEWELRY RANGE – Pret-a-Reporter
“Barneys New York and NBA superstar, Russell Westbrook on Tuesday have expanded their ongoing partnership to include a jewelry collection designed in collaboration with Jennifer Fisher.”