Industry News – August 11th, 2016

Curated fashion industry news links for Thursday, August 11th, 2016…

A FIRST LOOK AT TIM COPPENS’S FIRST COLLECTION FOR UNDER ARMOUR SPORTSWEAR – Vogue
“Think of Under Armour and the first words that come to mind are likely “fitness,” “athletics,” and maybe “#goals.” But for the mega-brand’s new line, Under Armour Sportswear, breaking a sweat isn’t the point. In fact, “ambition” was the buzzword Tim Coppens, the freshly appointed executive creative director, and Ben Pruess, Under Armour’s senior VP of sportswear, were throwing around at today’s preview.”

DESIGNER STARTS BRAND FOR THOSE IN WHEELCHAIRS: “NOTHING OUT THERE FOR YOUNGER, FASHIONABLE PEOPLE” – Forbes
“Canadian fashion designer Izzy Camilleri, 51, made her name designing clothes for stars like David Bowie, Angelina Jolie and Meryl Streep. But after she met a quadriplegic journalist in 2004 and designed a custom-made shearling cape for her, Camilleri started rethinking her career. Seven years ago, she launched IZ Collection, a collection of basic clothes for women and men in wheelchairs.”

PATH OPENS UP FOR AEROPOSTALE RESCUE – RetailingToday
“Bankrupt Aeropostale Inc. may not be going out of business after all. The teen apparel chain has resolved a dispute with lenders that threatened to sink a potential bid from a unit of Versa Capital Management to buy the chain out of bankruptcy, Bloomberg reported. Versa would keep about 500 Aeropostale stores open, according to the report.”

WESTFIELD WORLD TRADE CENTER SET FOR PUBLIC DEBUT – FootwearNews
“A decade after the project was first announced by the Port Authority of New York and New Jersey — and nearly 15 years after the devastating Sept. 11 attacks in lower Manhattan — Westfield World Trade Center will unveil more than 365,000 square feet of retail space housing 120-plus stores.”

MACY’S TO CLOSE ABOUT 15% OF STORES, CUT JOBS – TheWallStreetJournal
“Macy’s Inc. said it would shut 100 more stores, representing about 15% of its store base and about 4% of its annual revenue, in the retailer’s latest move to contend with falling foot traffic and sliding sales.”