FASHION INDUSTRY NEWS – Week Ending 3/25/18
FASHION INDUSTRY NEWS RE-CAP
for the week ending, March 25th
Stay up-to-date on the fashion industry with StyleDispatch.com and the Fashion Industry News Re-Cap! This week we are covering the latest bankruptcies, Prada’s growth, counterfeit fashion seizures and the shareholder lawsuit against Ulta…
Amer Ghazzal | Barcroft Images | Getty Images The closure of Toys R Us and Babies R Us has sent customers of the company’s baby gift registries into a panic. Some customers have reported unfulfilled orders, while others have been forced to transfer entire registries to competing services.
Nordstrom is the latest retailer trying to fill in its digital gaps through acquisitions. The department store chain last week announced the acquisition of two tech startup companies, BevyUp and MessageYes. BevyUp is a digital selling platform that Nordstrom intends to integrate into a new app for its employees later this year.
Nike on Thursday reported earnings and revenue that beat analysts’ expectations, fueled once again by international growth and momentum within China. Its shares climbed more than 7 percent in after-hours trading following the announcement. CEO Mark Parker also said he sees a steady sales slump in the U.S.
While offering a wide variety of sizes is a great step toward size inclusivity in fashion, it can be hard to imagine what a size 16 dress will look like when it’s only shown on a size 2 model.
With $8 million in fresh capital, 11 Honoré is the latest plus-size startup to raise funding from venture capitalists