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Industry News – February 23rd, 2017

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Curated fashion industry news links for Thursday, February 23rd, 2017…

TJX CONTINUES ITS AMAZING WINNING STREAK – ChainStoreAge
“TJX Cos. on Wednesday posted its 21st consecutive year of same-store sales increases, as well as better-than-expected income and revenue results for its fourth quarter. The off-price retailer also raised its quarterly dividend and announced a share repurchase program. (On its quarterly conference call, the company disclosed its plans to launch a new store banner.)”

GUCCI’S ALL-INCLUSIVE FANCY DRESS FANDANGO – TheNewYorkTimes
“This time, there was no gala opening lunch hosted by the prime minister so all of Italy’s luxury head honchos could rub elbows over pappardelle and listen to powerful state officials sing their praises.”

OLYA PETROVA JACKSON’S FASHION LINE, AB[SCREENWEAR], DECLARES RGB THE NEW BLACK – Forbes
“Art and fashion have always intermingled, but what happens when you toss in a heavy dose of tech and all the contemporary philosophical conundrums that come with it? It would probably look and feel a lot like the stylishly flashy, forward-thinking fashion line, Ab[Screenwear], which made its New York Fashion Week debut earlier this month at Postmasters Gallery in Chinatown.”

SOUTHERN TIDE ANNOUNCES NEW CREATIVE DIRECTOR AND DESIGN HIRES – PRNewswire
“Lifestyle apparel brand Southern Tide continues to evolve and expand their reach with the announcement of two new key hires: Craig O’Brien as Creative Director, and Jessica Zaro as Director of Women’s Design.”

SYCAMORE PARTNERS WINS THE LIMITED BRAND AT AUCTION – TheWallStreetJournal
“Limited Stores Co. kicked off an auction for its brand name on Tuesday, with private-equity firm Sycamore Partners walking away as the winning bidder, according to people familiar with the matter.”

THE RISE OF THE FASHION DESIGN COMPETITION – TFL
“Every year, a young designer and three graduates from fashion schools can claim the prestigious prize after showing their work before LVMH’s stable of designers and select executives.”

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