Industry News – December 1st, 2016

Curated fashion industry news links for Thursday, December 1st, 2016…

AMERICAN EAGLE LOWERS FORECAST –  ChainStoreAge
“American Eagle Outfitters Inc. on Wednesday issued a weaker than expected forecast for the fourth quarter as its CEO cited a “tough” retail environment. Its warnings issues similar statements from the likes of Abercrombie & Fitch and Gap. But the news was not all bad for American Eagle. The retailer’s net profit for the third quarter rose to $75.76 million, or 41 cents per share, from $74.11 million, or 38 cents per share, a year earlier.”

CONSUMERS ‘COUCH SHOPPED’ ON BLACK FRIDAY: HERE ARE THE LIKELY RETAIL WINNERS AND LOSERS – Forbes
“But merchants might have offset that shortfall with record online shopping turnout over the four-day period, according to a cross section of industry reports.”

SAMANTHA CAMERON’S NEXT ACT: FASHION DESIGNER – TheCut
“The former First Lady of Britain is starting her own line, Cefinn (an amalgamation of the names of her four children), which will debut in the pages of January’s British Vogue and will be available early next year.”

BOOHOO MAKES A PLAY FOR NASTY GAL – Pret-a-Reporter
“Boohoo, a British e-commerce site based in Manchester, England, filed a certificate of incorporation of a private limited company for Nasty Gal Limited on Nov. 21. The certificate was filed with Companies House, a public registrar overseen by the U.K. government, and lists Boohoo secretary Allan Pollitt as an officer of the company.”

EDWARD MEADHAM RETURNS TO FASHION WITH NEW COLLECTION – TFL
“After tipping us off in October that he was planning to make a return to fashion, Edward Meadham – one half of the now defunct Meadham Kirchhoff design duo – has announced that his latest work, Blue Roses, will hit Dover Street Market stores in December 2016. He has confirmed that the collection is being designed without his former design partner of over ten years, Ben Kirchhoff.”