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Industry News – September 2nd, 2016

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Curated fashion industry news links for Friday, September 2nd, 2016…

AEROPOSTALE: NOT DEAD YET – RetailingToday
“In a development that no one saw coming, a consortium of landlords, liquidators and others joined together to make a $243.3 million offer to save 229 Aeropostale stores, Fortune reported.”

COLE HAAN APPOINTS J. CREW ALUM TOM MORA IN NEW ROLE – FashionNewsWires
“In another round of the industry’s never-ending game of designer musical chairs, Cole Haan has announced the appointment of Tom Mora as its creative director for women’s and licensed goods (specifically women’s), a brand new position for the company.”

LULULEMON’S STOCK TAKES A DIVE DESPITE RISE IN PROFITS – Forbes
“During the quarter, total revenue increased by 14% to $514.5 million, just missing analyst estimates of $515.5 million. Sales at existing stores rose by 3%.”

MACK WELDON HIRES MATTHEW CONGDON, DESIGN LEAD FOR CALVIN KLEIN UNDERWEAR – PRNewswire
“Congdon is an industry expert with more than 19 years experience designing multiple categories of menswear for multinational brands, including his most recent role as the Vice President of Men’s Design at Calvin Klein Underwear. There he lead global design and product development for the $1 billion business and oversaw the recent launches of the Air Fx and Intense Power collections.”

FIRE AT GAP NEW YORK DISTRIBUTION CENTER SLOWS ONLINE ORDERS – TheWallStreetJournal
“On Monday, a fire burned through a company warehouse in Fishkill, N.Y. The building supplies Gap and Banana Republic merchandise to online and store customers primarily in the Northeast and represents about 10% of the company’s nationwide warehouse capacity. A nearby building supplying Old Navy should reopen soon, the company said.”

ITALIAN DESIGNER MICHELA RIGUCCI INTRODUCES BRAND TO THE U.S. WITH NEW COLLABORATION – FootwearNews
“As told to FN, Italian shoe brand Michela Rigucci and designer Malan Breton have teamed up on a line of shoes set to walk the runway. Consuelo Vanderbilt Costin, U.S. ambassador for Michela Rigucci, created the partnership.”

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