Industry News – November 18th, 2016
Curated fashion industry news links for Friday, November 18th, 2016…
Hot Canadian brand opens first U.S. store – Chain Store Age
Canada Goose, the 60-year-old brand best known for its signature goose-down jacket with Arctic Circle logo and fur-trimmed hood, has opened a flagship in the SoHo section of Manhattan.
A.T. Kearney: Economic resilience spikes holiday spending – Chain Store Age
Forty percent of U.S. consumers plan to spend more this year than during the 2015 holiday shopping season, driven by better job prospects and an improving economy.
We can’t really complain about our Monday-through-Thursday dress code—we work at Vogue.com, after all, and can experiment with any vintage dress or wacky boot that strikes our fancy—but…
Stocks to Watch: Abercrombie & Fitch, Foot Locker, Gap – Wall Street Journal
Among the companies with shares expected to trade actively in Friday’s session are Abercrombie & Fitch, Foot Locker and Gap.
Fast Retailing CEO Not Interested in J. Crew, Other Acquisitions – Wall Street Journal
Fast Retailing Co. aims to reach 3 trillion yen ($27 billion) in sales without making major acquisitions, its chief executive said, rejecting speculation that Asia’s biggest apparel maker would look to overseas deals to accelerate growth.
In the first few weeks with Melania Trump as First Lady–Elect, the fashion industry has remained fairly mum. But designer Sophie Theallet, who has dressed current First Lady Michelle Obama, went so far as to issue an official statement saying she will not be dressing Mrs. Trump.
Gap to Close Even More Stores as Sales Remain Sluggish – The Fashion Law
Apparel chain Gap said it would shut more stores than forecast previously and that it expected a further drop in traffic during the crucial holiday shopping season.
Store Openings Help Fuel Jimmy Choo’s Growth – Footwear News
New store openings helped fuel second-half revenue growth at Jimmy Choo despite a difficult climate for luxury, the company said in a trading update on Friday.