Industry News – February 24th, 2017

Curated fashion industry news links for Friday, February 24th, 2017…

GAP CEO: RETAIL BANKRUPTCIES ARE ACTUALLY GOOD NEWS FOR US – Forbes
“On a call with analysts and investors on Thursday, Gap CEO Art Peck noted that some of its previous competitors have gone belly up and the company is in a position to benefit from the thinning of the crowd.”

HOW NASTY GAL WENT FROM AN $85 MILLION COMPANY TO BANKRUPTCY – TheWallStreetJournal
“The rapid rise and fall of Nasty Gal Inc., an online retailer once popular with millennial shoppers and venture capitalists, is culminating in a bankruptcy sale to a rival.”

MOSCHINO BRINGS US GARBAGE COUTURE FOR A GARBAGE WORLD – TheCut
“And this season, the attitude he was aiming for was, evidently, trash chic. (In case you didn’t glean that from the fact that the invitation was shaped like a mousetrap.) Scott drew from the idea of a woman who had lost everything and had to make her own clothes.”

RED CARPET PAY-FOR-PLAY AND THE LEGALITY OF DESIGNER ENDORSEMENTS – TFL
“In light of this weekend’s Academy Awards, a look at the dresses (and suits) that make it to the red carpet – and the legality of how they got there – is warranted. An interesting aspect of the red carpet that is often lost on the industry outsider is the secret, paid-for deals between celebrities and their stylists, and fashion brands that occur and enable certain dresses to make it onto these highly-visible red carpets in lieu of others.”