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Industry News – December 30th, 2016

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Curated fashion industry news links for Friday, December 30th, 2016…

7 PREDICTIONS FOR FASHION NEWS AND TRENDS THAT WILL SHAPE THE INDUSTRY IN 2017 – Pret-a-reporter
“But as we prepare to turn the page on a new calendar year, it’s time to look forward at the news and trends that will shape the industry in 2017. Here are seven predictions.”

RETAIL CFO TURNOVER IS A SIGN OF CHANGING TIMES – TFL
“What do retailers want for Christmas? Apparently, new Chief Financial Officers. Neiman Marcus is on the hunt for a new CFO. So are Kohl’s, Coach, and Nordstrom. Whole Foods Market’s CFO of 29 years – and the longest-serving female CFO in the Fortune 500 – will be leaving next year.”

SEARS CEO LENDS STRUGGLING RETAILER ANOTHER $200 MILLION – Fortune
“The struggling retailer, which owns the Sears and Kmart chains, has the option to extend the letter of credit to $500 million, Bloomberg reported. Affiliates of Lampert’s hedge fund, ESL Investments, are providing the loan through promise of funding from Citigroup.”

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