FASHION INDUSTRY NEWS – WEDNESDAY
Good morning designers! The Wednesday 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…
SPORTS AUTHORITY REACHES SETTLEMENT WITH SUPPLIERS – FootwearNews
“Sports Authority Inc. is making progress as it drudges its way through bankruptcy proceedings. The struggling sporting goods retailer has reached a settlement — still subject to approval by the bankruptcy court — with more than 160 vendors who sought to have their goods removed from the retailer’s shelves.”
H&M PROMOTES FASHION SUSTAINABILITY IN APRIL – RetailingToday
“Two major sustainability initiatives from H&M begin this month as the fast fashion retailer debuts a new line from Conscious Commerce co-founders Olivia Wilde and Barbara Burchfield and kicks off an apparel recycling effort. The H&M Conscious Exclusive collection from Wilde and Burchfield will be available online at hm.com and in 165 stores beginning April 7. Meanwhile, H&M is set to begin is World Recycle Week initiative on April 18 which allows customers who drop off clothes at in-store collections bins to receive a 30% discount coupon.”
PACIFIC SUNWEAR SAID TO PREPARE CHAPTER 11 BANKRUPTCY FILING – BloombergBusiness
“PacSun is the latest casualty of sluggish retail spending and shifting consumer tastes, which have pushed chains such as American Apparel Inc. and Quiksilver Inc. into bankruptcy court during the past year. PacSun has recorded losses every year since 2008, and its shares have plunged about 90 percent in the past 12 months.”
THE CFDA AND CADILLAC HAVE A PLAN TO BOOST FASHION RETAIL – Vogue
“Have questions about buy-it-now runway shows, direct-to-consumer fashion weeks, and collection delivery dates? You’re not alone. The industry at large is questioning how to fix a somewhat broken retail system. Leading the quest is the CFDA, which has just partnered with Cadillac on a program to help American designers bolster their retail efforts. Called the Retail Lab, the initiative will allow six designers to install a custom retail pop-up shop on the ground floor of Cadillac’s global headquarters in New York City, at 330 Hudson Street, for a three-month period each.”
GIORGIO ARMANI INNOVATES WITH THE CREATION OF THE SÌ WOMEN’S CIRCLE – PRNewswire
“After the success of the digital video The Courage to Say Sì, the doors of dialogue have been opened with women from all walks of life, around the world, whose only connection is to have found the inner strength to say Sì their dreams, Sì to themselves, and to have found the courage and commitment to fully live their passion. The Sì Women’s Circle is this open dialogue between women, an opportunity for them to share their stories, their “Sì” with each other. For the Sì Women’s Circle’s first edition, 5 women from around the world, all of who said “Sì”, tell their life stories in 5 fascinating videos, to be found on the brand website, Youtube and social networks.”