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Industry News – August 4th, 2016

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Curated fashion industry news links for Thursday, August 4th, 2016…

JUDGE REFUSES BONUSES FOR EXECUTIVES AT BANKRUPT SPORTS AUTHORITY – Reuters
“A U.S. bankruptcy judge refused on Tuesday to allow Sports Authority to pay up to $2.85 million in bonuses to four executives for overseeing the winding down of the national sporting goods chain.”

CASH-STRAPPED BIRCHBOX RAISES $15M FROM INVESTORS – RetailDIVE
“Birchbox hired a range of retail veterans last year to help it realize its brick-and-mortar ambitions, including former executives from Sephora and Apple.”

DON’T LET THE RISING PRICE OF FAST FASHION FOOL YOU – TFL
“Fast fashion represents a polarizing section of the fashion industry most often characterized by its speed to market, on-trend offerings, low prices and questionable ethics.”

‘BANGLADESH TO BECOME LARGEST COTTON IMPORTER BY 2020’ – FashionMag
“Bangladesh will overtake China as the world’s largest importer of cotton within four years, according to Australian Trade and Investment Commission (Austrade), an Australian government body.”

STELLA MCCARTNEY SWAPS VIRGIN CASHMERE FOR REGENERATED – FashionMag
“British fashion designer Stella McCartney, who doesn’t use leather, fur or skin in her collections, and says no to angora and animal testing, has made another move to reduce the environmental impact of her brand.”

ADIDAS ORIGINALS & URBAN OUTFITTERS TEAM UP ON ‘WE THE FUTURE’ CAMPAIGN – Footwear News
“Adidas Originals and Urban Outfitters have teamed up on an exclusive ad campaign called We the Future.”

COACH CREATIVE DIRECTOR STUART VEVERS TALKS FOOTWEAR & A FRESH START – Footwear News
“Stuart Vevers, who joined Coach as creative director in 2013, has been creating a new vision for the brand.”

VICTORIA’S SECRET’S TOP COMPETITOR JUST RELEASED A LINGERIE AD THAT’S UNLIKE ANYTHING ELSE WE’VE SEEN FROM A MAJOR RETAILER – Business Insider
“Aerie just released another norm-defying campaign.”

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