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Industry News – December 16th, 2016

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Curated fashion industry news links for Friday, December 16th, 2016…

AMAZON IS SHOPPERS’ TOP DESTINATION FOR HOLIDAY GIFTS, INCREASING LEAD OVER WALMART – Forbes
“According to the Prosper Insights & Analytics December survey of nearly 7,000 U.S. adults, more than one in four holiday shoppers (26.2%) indicate they have purchased most of their gifts from the online giant this year, increasing 10% from last year.*”

ANN INC. DONATES RECORD-BREAKING $3.7 MILLION TO THE BREAST CANCER RESEARCH FOUNDATION®– PRNewswire
“This season’s campaign brings the Company’s total corporate donation to BCRF to more than $31 million since 2005, marking ANN INC.’s and its clients’ longstanding dedication to advancing pioneering breast cancer research.”

BAND OF OUTSIDERS IS BACK AGAIN, AFTER BEING ‘BACK’ MERE MONTHS AGO – TheCut
“They are exchanging the Belgian design team for a new crew, composed of brand director Daniel Hettmann, designer Angelo Van Mol, and unnamed others who will now be overseeing the label.”

ZARA OWNER INDITEX: CHEAP CLOTHES BUT EXPENSIVE SHARES – TheWallStreetJournal
“Improbably for a Spanish retailer, Zara owner Inditex has become a core holding of stock investors over the past half decade. If only the shares weren’t so expensive.”

DESPITE A COMEBACK, LULULEMON CAN’T SHAKE ITS GADFLY FOUNDER – Forbes
“In 2013, after a 30% drop in Lululemon’s stock that coincided with a series of public embarrassments, including a massive product recall and benighted comments about women’s bodies, the company sent Wilson into exile. In stepped a new chief executive, Laurent Potdevin, then the president of Toms Shoes, who quickly changed Lululemon’s management team, product lineup and expansion strategy.”

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