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Industry News – November 22nd, 2016

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Curated fashion industry news links for Tuesday, November 22nd, 2016…

THIS RETAILER IS DONATING 100% OF ITS BLACK FRIDAY SALES TO HELP THE ENVIRONMENT – ChainStoreAge
“Patagonia announced that its plans to donate 100% of its store and online sales on Black Friday, Nov. 25, to grassroots environmental organizations.”

NEIMAN MARCUS PARTNERS WITH RENT THE RUNWAY TO ATTRACT MUCH NEEDED MILLENNIAL CONSUMERS – Forbes
“Rent the Runway, an on-line company that rents designer apparel and accessories, will now service customers in the plush Neiman Marcus environment. The first Rent the Runway unit was recently opened at Neiman Marcus in Union Square, San Francisco.”

URBAN OUTFITTERS RALLY HAS GONE TOO FAR – TheWallStreetJournal
“What a difference a year makes. This time last year, teen retailer Urban Outfitters Inc. was struggling to get people to come to its stores.”

NEW YORK FASHION LABEL SUNO IS SHUTTING DOWN – TheCut
“Another one bites the dust. New York–based label Suno, designed by Erin Beatty and Max Osterweis, is closing up shop, per a BoF report. The brand’s resort 2017 collection will be its last.”

17-YEAR-OLDS ARE MAKING THE BIG SHOPPING DECISIONS THIS HOLIDAY SEASON – FootwearNews
“Move over, millennials, there’s a new generational cohort making retail waves.”

RETAIL ALLIANCE APPROVES BANGLADESH FACTORIES DESPITE SAFETY CONCERNS – TFL
“The Alliance for Bangladesh Worker Safety (“Alliance”) is giving passing grades to Bangladeshi factories in spite of significant deficiencies in terms of compliance, according to a new report published on Monday.”

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