Industry News – March 1st, 2016

A curated list of fashion industry business news for Tuesday, March 1st, 2016

MICHAEL JORDAN’S SON IS OPENING A SNEAKER STORE AT DISNEY WORLD – Hypebeast
“The location for Marcus Jordan’s forthcoming TROPHY ROOM sneaker boutique project has been announced. Set to be located in the Disney Springs shopping/dining center inside the Walt Disney resort in Bay Lake, Florida, the store’s design is set to be based on Marcus’ father’s trophy room in His Airness’ family home.”

KIDPIK GIVES GIRLS FASHION POWER – RetailingToday
“Young girls are notoriously picky about what they wear, and now someone is doing something about it. Kidpik, a new online shopping service aimed at girls age 3-12 (and their parents), offers curated, personalized fashion collections. Girls initially fill out an interactive quiz about their apparel preferences, and based on the results are assigned a look such as Girly Girl, Modest or Classic Chic.”

MORE GOOD NEWS FOR J.C. PENNEY – RetailingToday
“J.C. Penney on Monday received an official vote of confidence in its performance: an improved credit rating. Fitch Ratings upgraded Penney’s credit rating, saying the department store retailer has “demonstrated a meaningful turnaround of its business over the last two years.” Fitch upgraded Penney from B- to B with a positive outlook.”

PATRIZIO DI MARCO MOVES FROM GUCCI TO DOLCE & GABBANA – Pret-a-Reporter
“The rumours have been circulating for several weeks but it seems that the arrival of Patrizio di Marco at Dolce & Gabbana is materialising. According to two sources cited by the American press agency Bloomberg, the ex-CEO of Gucci should be joining the Milan house’s board of directors in March.”

HERE’S HOW AMAZON COULD CHANGE YOUR SHOPPING EXPERIENCE WITH ITS OWN RETAIL STORES – Business Insider
“Amazon changed the way we shop online. Now it wants to reinvent the way we shop at brick-and-mortar stores. Amazon opened its first physical bookstore in Seattle in the fall, but recent reports suggest its retail ambitions could be much bigger, including stores in other product categories.”