Industry News – Jan 30th, 2017
Curated fashion industry news links for Monday, January 30th, 2017…
After a very good fiscal 2016, Bernard Arnault, Chairman and CEO of LVMH, cautioned that he believes 2017 will be a less exuberant year. He remains optimistic about the long-term outlook of his companies, but cautions that after 10 good years a more difficult retail environment may unfold for his company.
A lot’s been said recently, including by me, about how consumers today don’t settle for just great products, they want their brands to reflect their lifestyle and values. Things like authenticity, ethical behavior, relevancy to their daily life, artisanal character and so many other things matter to consumers now that didn’t figure in before.
Chloé Is Getting a New Designer – NYMag
The rumors were true: After six years, designer Clare Waight Keller is leaving Chloé. Her last show will be the fall-winter 2017 collection.
Ulta Beauty is one hot retail property – Chain Store Age
There is no denying it: Ulta Salon Cosmetics & Fragrance is on a roll. The retailer will open 100 stores this year, including its first-ever location in Manhattan.
Children’s apparel retailer on the hunt for a new CEO – Chain Store Age
The CEO of embattled Gymboree Corp. is stepping down. The children’s apparel retailer said that Mark Breitbard will step down as chief executive once a successor has been named. He will assume the role of chairman of the board, effective Feb. 1, 2017.