THE DAILY FIX: FASHION INDUSTRY NEWS WED

Good Morning Everyone! 

Here are some key insights on what is happening in the world of fashion today.

 
DONNA KARAN STEPS DOWN, IN MAJOR SHIFT FOR FASHION– New York Times
“Ms. Karan will remain as an adviser to Donna Karan International, but devote more time to her Urban Zen line, which centers on wellness and artisanal goods, and its foundation.”

JO-ANN MAKES EXECUTIVE MOVES – RetailingToday
“Megan Featherston, formerly senior vice president, merchandising, at Jo-Ann, has been promoted to executive vice president, merchandising & marketing.In addition to Featherston’s promotion, the company said it hired Amy Parker as senior vice president, marketing & advertising. ”

WORN IN THE USA – HSBCGlobalConnections
“Uniqlo announced plans to increase store numbers in the US to 40 by the end of the year and 200 by 2020. Primark has also unveiled plans to launch in the US next year, debuting in a 70,000 sq ft unit in Boston.”

FITBIT SURGING AFTER ANALYST SAYS IT’S IN SHAPE AND READY TO SPRINT– Forbes
“Fitbit Inc. jumped more than 50% in its public trading debut earlier in the month and has gained another 18% since that day. But according to a bullish note from RBC Capital Markets, this growth is just the
beginning.”

The LITTLE KNOW OWNER OF JUICY COUTURE IS ON AN ACQUISITION SPREE – BloombergBusiness
“Authentic Brands Group, the little-known name behind such well-known apparel labels as Juicy Couture, Frederick’s of Hollywood, and Tapout, is gobbling up brands through acquisitions and asserting itself as a force in the apparel world.”

PETA Targets Hermès Days Before Paris Men’s Wear Show – NewYorkTimes
“Hermès got what was presumably a not-so-nice surprise: accusations from People for the Ethical Treatment of Animals that the house sources its exotic skins from crocodile farms in Texas and Zimbabwe that abuse the animals.”

ELLEN DEGENERES LAUNCHES CLOTHES AND HOMEWARE LINE – Forbes
“ED by Ellen DeGeneres made its e-commerce debut on Tuesday morning, selling relaxed, tailored clothing of the kind favored by the star…”