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Industry News – February 1st, 2017

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Curated fashion industry news links for Wednesday, February 1st, 2017…

AMID WEAK Q4 RESULTS, UNDER ARMOUR LOSES KEY EXEC – ChainStoreAge
“The company reported that CFO Chip Molloy is leaving the company “due to personal reasons,” and David Bergman, Under Armour’s senior VP, corporate finance, will serve as acting CFO. Molloy will remain with the company in an advisory capacity to assist with the transition, the brand said.”

THERE IS ONLY ONE STORE THAT LOVES THE BIG MEN IN THIS COUNTRY – Forbes
“Destination XL Group or DXL practically owns the big guy market and hasn’t seen any competition stemming from a new appreciation of the dad bod. There are no Ashley Graham’s in the men’s market. No beer belly guys in ad campaigns shaming designers for not addressing their needs. So, men’s apparel brands have largely avoided the group leaving DXL in a unique position to own the space.”

LANDS’ END RECEIVES GREEN MASTERS AWARD FOR THE 7TH CONSECUTIVE YEAR FROM THE WISCONSIN SUSTAINABLE BUSINESS COUNCIL – PRNewswire
“Lands’ End has been participating in the Green Masters Program since 2009 and is one of only two companies in the state to earn Green Masters status seven straight years. The Green Masters Program is run by the Wisconsin Sustainable Business Council, with the support of students at UW Madison.”

KANYE WEST WILL SHOW YEEZY SEASON 5 AT NEW YORK FASHION WEEK – FootwearNews
“According to Vogue, a press release said that Yeezy Season 5 will show on Feb. 15 at 5 p.m. at Pier 59 Studios at Chelsea Piers in New York.”

COACH FINDS SUCCESS IN SELLING MORE EXPENSIVE HANDBAGS – Fortune
“The leather goods maker on Wednesday reported a 3% increase in comparable sales in North America in the quarter ended Dec. 31, the third straight quarter of growth. It managed that feat despite a tough environment for many retailers, particularly department stores, by selling pricier handbags.”

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