Industry News – June 3rd, 2016

Curated fashion industry news links for Friday, June 3, 2016…

ADIDAS’S STOCKS HAVE ROCKETED PAST NIKE’S – HIGHSNOBIETY
“The astronomical growth in adidas’ popularity is undeniable, even from the perspective of the most die-hard Nike fan. Is it the collaborations? Palace, Yohji Yamamoto, Yeezy, Pharrell, to name a few. Is it the flurry of new silhouettes? NMD, Ultra Boost, Tubular and so on. Or is it the renaissance of the Stan Smith, the slides, and the Gazelles?”

TARGET TESTS NEW DISPLAYS, SERVICE REMINISCENT OF A DEPARTMENT STORE – StarTribune
“The Quarry store offers displays instead of discount bins at the entrance. “We set out to create a more inspiring welcome for guests when they first walk in,” said Target executive Mark Schindele.”

STITCH FIX: THE $250 MILLION STARTUP PLAYING FASHIONISTA MONEYBALL – Forbes
“For one of the too few woman CEOs in Silicon Valley, it rings true. Stitch Fix markets itself to busy working women–and Lake walks the walk. In less than six years her San Francisco-based startup has developed a service that shops for women, matching clients with boutique-brand clothes, shoes and accessories on recommendations powered by a combination of data science and human stylists.”

WHY URBAN OUTFITTERS BELIEVES BRICKS ARE SYNERGISTIC WITH CLICKS – RIS
“Urban Outfitters, Inc. broke its first quarter record when its total company sales for the first quarter increased by 3% to $763 million for 2017. Within its retail segment comp, the direct-to-consumer channel continued to outperform stores, posting a double-digit sales increase, driven by an increase in sessions.”

AUSTRALIAN RETAIL GIANT COTTON ON GEARS UP FOR BIG CALIFORNIA EXPANSION – Los Angeles Times
“It  doesn’t advertise, has no celebrity spokespeople and hasn’t achieved the brand recognition of competitors Forever 21 and H&M.”

VANS X & OTHER STORIES NEW SNEAKER COLLAB IS HERE – racked
“Leave it to Swedish retailer & Other Stories to convince us we need yet another pair of sneakers. The brand has a sixth sense when it comes to footwear, always seeming to know exactly what we want to put on our feet before we do.”

THE FOUNDER OF ALEX & ANI IS ONE OF AMERICA’S RICHEST SELF-MADE WOMEN – racked
“Forbes released its second annual list devoted to ranking America’s richest self-made women, and many of the women on it represent the biggest fashion and beauty brands. To be considered for the Forbes list, these entrepreneurs had to possess a minimum net worth of $250 million.”