Industry News – August 28th, 2016

Curated fashion industry news links for Monday, August 28th, 2016…

AEROPOSTALE FACING LIQUIDATION AFTER LOSING VERSA LIFELINE – RetailDIVE
“Sycamore’s objections to Aeropostale’s plans for survival had already pushed the retailer’s bankruptcy auction to Monday, and the court’s acquiescence to its “loan to own” plans are the death knell.”

CLASS-ACTION LAWSUIT FILED AGAINST ZARA FOR ALLEGEDLY OVERCHARGING U.S. SHOPPERS
 – California ApparelNews
“Walk into a Zara store in the United States and you will find that the price tags on the clothes are marked in euros, the currency for the European Union, with a sticker placed over it with the price in U.S. dollars.”

2016 MTV VMAS RED CARPET – Yahoo!
“Britney Spears’s albino snake, Lil’ Kim’s purple pastie, Gwen Stefani’s furry blue bikini top, every single one of Miley Cyrus’s outfits during 2015’s ceremony, Beyoncé’s baby bump reveal, and so many more looks that will go down in fashion history appeared at the MTV Video Music Awards.”

HOW UGG PLANS ON BRINGING “SEXY AND COOL” BACK – Nylon
“In the beginning, UGG was a fashion brand associated with individuals that embraced an active lifestyle.”

PRADA PREDICTS RETURN TO GROWTH IN 2017 AFTER FIRST HALF PROFITS SLUMP – FASHION NETWORK
“Italian luxury goods maker Prada predicted a return to sales and profit growth next year, partly helped by improved sales trends in China, after posting a 25 percent drop in first-half underlying earnings and net profit.”

SUPREME X TIMBERLAND 2016 FALL/WINTER COLLECTION – Hypebeast
“After releasing its first drop of the 2016 fall/winter season, Supreme has unveiled its latest collaboration with Timberland that comes in the form of the 3-Eye Classic Lug Shoe and Field Boot.”

AMAZON OPENS EIGHTH FULFILLMENT CENTER IN TEXAS – FASHION NETWORK
“Amazon announced on Thursday plans to open its eighth Texas fulfillment center at Coppell.”