Industry News – March 16th, 2017

Curated fashion industry news links for Thursday, March 16th, 2017…

WILLIAMS-SONOMA Q4 PROFIT TOPS STREET – ChainStoreAge
“Williams Sonoma Inc. on Wednesday reported adjusted fourth-quarter earnings above expectations and said its board of directors authorized a dividend increase.”

INDIE-FAVORITE MODCLOTH IS REPORTEDLY COMING UNDER THE WING OF WALMART – TheCut
“The beloved indie brand ModCloth — America’s No. 1 source for podcast-themed apparel — could soon be under not-so-indie new management. Jezebel has a report that Jet.com…”

QUIKSILVER GETS A NEW NAME AFTER BANKRUPTCY – CaliforniaApparelNews
“With new owners running the show at Quiksilver Inc., it only seemed appropriate for a name change to go along with a revamped business model for the surfwear and skatewear retailer. With not much fanfare, the company announced on March 8 that it had changed its corporate name to Boardriders Inc.”

ELEMENTARY SCHOOL STUDENTS TURN JEANS INTO SHOES TO HELP THOSE IN NEED – FootwearNews
“A group of elementary school students from Clinton, Iowa are turning used jeans into protective footwear for residents of Uganda.”

MAYHOOLA: A MAJOR LUXURY CONGLOMERATE IN THE MAKING – TFL
“Beginning largely in 2012, with its acquisition of Italian fashion house Valentino from the UK private equity firm, Permira, for $858 million, Mayhoola – a more low-profile entity among the likes of LVMH and Kering (its name does translate to “unknown,” after all) – has been making its presence known in the fashion industry, nonetheless.”