Industry News – May 26th, 2016

Curated fashion industry news links for Thursday, May 26th, 2016…

SOME NORDSTROM STORES HAVE STOPPED SELLING MICHAEL KORS BAGS, ACCORDING TO REPORT – racked
“Is Nordstrom souring on Michael Kors handbags? Nearly half of Nordstrom stores have reportedly stopped selling the brand’s lower priced Michael handbags in May, according to MarketWatch. The info comes from analysts at financial services and investment firm Wedbush, who reached out to 112 handbag managers in the U.S. and Canada for the report.”

FOR BETTER, NOT WORSE: APPAREL WITH A PURPOSE – California ApparelNews
“With every For Better, Not Worse (FBNW) shirt sold, a bag of groceries goes to a child in need.“My two main goals are to make an impact on kids’ lives and [encourage] other companies to see how they can make a profitable business while giving back to the community,” said FBNW founder Patricc Reed, who started the Los Angeles–based company after leaving his previous position as operations director and partner of Groceries Apparel.”

RIHANNA TEAMS UP WITH DIOR ON A SUNGLASS COLLECTION – HypeBae
“Betsey Johnson has just debuted her second collaboration with dance apparel and accessories brand Capezio, and it’s exactly what you would expect: the perfect mix of “performance, princess, and punk.” ”

PVH CORP. ANNOUNCES Q1 RESULTS ABOVE GUIDANCE – FashionMag
“It was a good first quarter of 2016 for PVH Corp., which posted results above guidance for the period.”

OPENING CEREMONY X TEVA LAUNCHES SPRING 2016 COLLECTION – Footwear News
“Opening Ceremony and Teva have teamed up again for a new collection. The brands will debut three new shoe styles in their spring/summer 2016 collaboration, dropping on Thursday, available exclusively at Opening Ceremony.”

WHAT TO EXPECT WHEN CALERES REPORTS Q1 – Footwear News
“Now that most publicly traded shoe firms have reported Q1 earnings for 2016, analysts say they have a solid handle on some of the recurring trends that may have also impacted Caleres Inc. during the quarter.”