FASHION INDUSTRY NEWS – TUESDAY

Good morning designers!  The Tuesday 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…

IT’S OVER: CHARNEY LOSES BID TO RETURN TO AMERICAN APPAREL – RetailingToday
“Charney had tied his comeback hopes on investors Hagan Capital Group and Silver Creek Capital who submitted two takeover offers in recent months, including, most recently, a $300 million bid that was rejected by American Apparel’s board. The investors supported Charney’s return to the chain.”

AMAZON’S CLOTHING SELECTION IS NOW BIGGER THAN 250 WALMART SUPERCENTERS COMBINED – Re/code
“The number of items listed on Amazon in apparel and accessories categories has soared 91 percent over the last year to 30 million items as of the 2015 holiday season, according to analysts at the investment bank R.W. Baird.”

CIAO, ITALIA! CFDA AND MILANO UNICA TEAM UP FOR THE FABRIC PROGRAM – CFDA
“Milano Unica, the international textile fair in Italy’s fashion capital, has partnered with the CFDA to create The Fabric Program, giving a selection of CFDA Members the chance to work directly with Italy’s top mills.”

WHY 2016 COULD BE A RED-HOT YEAR FOR MERGERS & ACQUISITIONS – FootwearNews
“A choppy stock market, record-low oil prices, rising debt and free cash flow in the hands of key industry players make for quite the backdrop. That’s why analysts and M&A experts are optimistic that 2016 could be a robust year for deals.”

MEET THE 25-YEAR-OLD SWEDISH WOMAN USING 3D SCANNING TO MAKE SHOES FIT PERFECTLY – Forbes
“Caroline Walerud wants you to forget your shoe size. Or, at least, to forget that number you’ve been reeling off to salespeople for years, like a U.S. 9, or a European 40. It’s likely that it isn’t quite right anyway, given the complex anatomical structure of our feet and the inconsistent sizing used by footwear brands.”