FASHION INDUSTRY NEWS RE-CAP

for the week ending, March 11th

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…

1

Toys “R” Us might be closing up its toy stores in the U.S.

Geoffrey the Giraffe might be homeless soon. Toys “R” Us is preparing to shut down its U.S. operations and liquidate its assets, Bloomberg reports. The onetime biggest toy store in the world has been struggling to stay afloat in a changing retail environment (hi, Amazon!). After flagging sales, the U.S.

 

2

Footwear Retailer The Walking Company Files ‘Chapter 22’ Bankruptcy

Walking Company Holdings, a chain specializing in comfortable footwear, sought chapter 11 protection for the second time in a decade, the latest mall-based retailer hurt by the consumer shift to online shopping.

 

3

Retail Jobs Reality Likely Isn’t as Grim as It Appears

In a year when U.S. employers added more than 2 million jobs, one dark spot in 2017 appeared to be the retail industry. But the dire result likely overstates job losses in the sector more broadly, because of how the Labor Department counts e-commerce jobs.

 

4

Kessler Topaz Meltzer & Check, LLP Announces Shareholder Class Action Filed Against Ulta Beauty, Inc. – Ulta

Investors who purchased Ulta securities during the Class Period may, no later than May 1, 2018 , seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this action please visit https://www.ktmc.com/new-cases/ulta-beauty-inc#join .

 

5

Prada sees growth ahead as new products, strategy pull it out of…

MILAN (Reuters) – Learning from past mistakes is paying off at Italian luxury goods maker Prada (), which said on Friday it would return to grow this year after stemming a sales slide in the second half of 2017.

 

6

The Number of Counterfeits Seized in the U.S. Grew by Almost 10% Last Year

Not only are counterfeit goods becoming increasingly sophisticated, and difficult to clearly identify as fakes , as a result, they are growing in volume. According to the U.S. Customs and Border Protection (“CBP”) and U.S. Immigration and Customs Enforcement (“ICE”) agencies, a record number of 34,

 

7

Target Raises Minimum Pay And Reports Solid Q4 Gains

In this very competitive environment, Target Corp. reported strong fourth-quarter sales and earnings. Supporting the growth was a digital channel increase of more than 29% from the previous year. During a webcast on Tuesday, management highlighted many efforts that contributed to this performance.