The Daily Fix: Fashion Industry News Fri

Good morning designers!  The Friday 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 SEARS HOLDINGS MAKES MONEY WITH DECLINING SALES – RetailingToday
“Thanks to some financial engineering, Sears Holdings overcame a double digit decline in same store sales to produce a second quarter profit or a less severe loss depending on the arithmetic used.”

ERDEM AND LIVIA FIRTH TEAM UP FOR A COLLECTION OF ECO-EVENINGWEAR – Vogue
“Sometimes it seems as if eco- might as well be a four-letter word. Stubbornly connoting earth tones and itchy knits, the prefix is, as Erdem Moralioglu puts it, “just not very chic.” This season he’s helping change that with a new capsule collection that is anything but homely.”

SKECHERS’ LESSON FROM A FAD THAT FLOPPED – Bloomberg
“Five years ago, Skechers’ Shape-ups shoes were the runaway leaders in “toning,” a new category of sneaker that promised to help wearers slim down and strengthen their butt muscles. Toning-shoe sales grew more than twentyfold in only three years, from $50 million in 2008 to a peak of $1.1 billion in 2010, according to researcher SportsOneSource. Skechers owned about 60 percent of the market, and roughly a third of its $2 billion in revenue that year came from toning.”

SAKS FIFTH AVENUE TRIES ON SOME MANOLOS – RetailingToday
“Saks Fifth Avenue’s New York flagship is targeting upscale shoe lovers with a historic partnership. For the first time, the Manolo Blahnik brand will join Saks New York’s famed 10022-SHOE designer shoe salon on Eight with a permanent boutique, one of the largest Manolo Blahnik boutiques in the world. Saks Fifth Avenue plans to celebrate the occasion with New York windows, exclusive Manolo Blahnik footwear, the launch of Blahnik’s new book Fleeting Gestures and Obsessions and companywide events, including a rare, in-store appearance by the designer at his Saks New York boutique in September.”

 A CLOSER LOOK AT BALMAIN FOR H&M – Yahoo!
“You know what would be revolutionary? To not offer a sneak peek. And yet, the Internet can’t get enough. From Justin Bieber’s “What Do You Mean?” to Taylor Swift’s drawn out reveal of “Bad Blood,” we love to be teased. Fashion’s catching on.”