Industry News – March 14th, 2016

Curated fashion industry news links for Monday, March 14th, 2016…

KYLIE JENNER’S FIRST OFFICIAL PUMA CAMPAIGN IMAGE IS HERE – Nylon
“Kylie Jenner treated her Snapchat followers on Friday to a sneak peek of her upcoming collection and ad campaign for Puma but without giving away what her Puma Fierce Sneaker actually looks like. This afternoon while everyone was in the midst of brunch, nursing their hangover, or trying to deal with losing an hour of sleep thanks Daylight Savings Time, the 18-year-old entrepeneur shared the first, official full campaign image from her collection on her Instagram and Twitter accounts, aptly using the hashtag #ForeverFierce. ”

THIS LANE BRYANT AD WAS REJECTED FROM MAJOR NETWORKS BECAUSE ¯\_(ツ)_/¯ – Huffington Post
“A gorgeous new Lane Bryant television ad featuring models Ashley Graham, Tara Lynn, Denise Bidot and Georgia Pratt in the brand’s underwear (nothing we haven’t already seen from Victoria’s Secret), including a shot of new mom Lynn breastfeeding her baby, was rejected by major networks.”

MICHAEL KORS SHARES COULD KEEP REBOUNDING – FashionMag
“Shares of Michael Kors Holdings Ltd could continue to rally as the handbag and apparel maker looks to expand in Europe and Asia and make a push into menswear, according to an article in the latest edition of Barron’s.”

RETAIL DOLDRUMS DRAG DOWN THE BUCKLE – RetailingToday
“Sales at teen retailer The Buckle slowed down over the holiday quarter, as a steep decline in comps negatively affected revenue. For the fourth quarter ended Jan. 30, net sales decreased 6.1% to $332 million from net sales of $353.5 million for the prior year. Same store net sales decreased 7.2% from same store net sales for the prior Q4. Online sales increased 7.1% to $35.3 million, compared to net sales of $33 million in 2015. Net income for the fourth quarter of fiscal 2015 was $54.3 million, or $1.13 per share ($1.13 per share on a diluted basis), compared with $60.1 million, or $1.25 per share ($1.25 per share on a diluted basis) for the fourth quarter of fiscal 2014.”

ABERCROMBIE & FITCH IS BANKING ON THIS MALE MODEL TO TURN AROUND SALES – Wall Street Journal
“Abercrombie & Fitch debuted a new men’s lineup by Aaron Levine, the head of the company’s men’s division.  Levine came to Abercrombie from Club Monaco in June, according to Fashionista. The campaign appears to be part of the company’s clear attempt to turn the brand around. According to a press release, the new line is a hat tip to the brand’s roots combined with “new fits and fabrics, which is in line with the A&F’s move toward a more elevated and distinguished look.””

HOW STATE REVENUERS ARE GOING AFTER E-COMMERCE – Wall Street Journal
“The state of Alabama is openly defying the U.S. Supreme Court in an effort to squeeze millions of dollars of tax revenue from businesses beyond its borders. Tax officials in Montgomery are insisting that out-of-state firms must, effective Jan. 1, collect and remit sales and use taxes if they annually sell over $250,000 in tangible goods to Alabamans.”