THE DAILY FIX: FASHION INDUSTRY NEWS WED

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…

FROM DIRT POOR TO BILLIONAIRE — THE INCREDIBLE RAGS-TO-RICHES STORY OF FASHION LEGEND RALPH LAUREN – Business Insider
“In the 1957 DeWitt Clinton High School yearbook, Ralph Lauren wrote “millionaire” as one of his life goals. On Tuesday, the fashion legend announced he would step down as CEO from his iconic brand Polo Ralph Lauren.”

HUDSON’S BAY CUTTING 265 JOBS, STREAMLINING IN N. AMERICA – FashionMag
“Hudson’s Bay Co plans to eliminate 265 corporate jobs, mostly in the United States, and cut costs to save C$75 million (US$55.86 million) as it streamlines its North American operations, the department store operator said on Tuesday.”

HILARY DUFF, VANESSA HUDGENS PROMOTE JEANS MADE OF COFFEE GROUNDS – Pret-a-Reporter
“The fashion retailer is taking the all-important holiday to the next level with its new Denim x Café line, which is made out of 2.25 grams of recycled coffee grounds per jean, according to an Instagram post. To help introduce the new women’s collection, AE tapped Hilary Duff andVanessa Hudgens to show off the brand’s new coffee-soaked pants, with both actresses posting the denim look on Instagram.”

TRUE RELIGION BELIEVES IN OMNICHANNEL – RetailingToday
“Specialty apparel retailer True Religion has found something to connect the physical to the virtual. The Manhattan Beach, California-based chain, which operates about 900 stores globally, has launched an e-commerce site that links its customer experience across channels.”

TARGET TO MATCH ONLINE PRICES WITH OVER TWO DOZEN ONLINE RIVALS – FashionMag
“Target Corp will match its online prices with more than two dozen online competitors including Amazon.com and Wal-Mart Stores Inc from Thursday, the Associated Press reported.”