LVMH BUOYS LUXURY SECTOR AS CHINESE DEMAND PROPELS SALES

LVMH BUOYS LUXURY SECTOR AS CHINESE DEMAND PROPELS SALES. France’s LVMH, which owns brands from Louis Vuitton to Moet & Chandon champagne, on Tuesday said thriving demand for its luxury products showed little sign of fading this year, in an upbeat assessment that drove a share rally across the sector. [REUTERS]

GOLA CLASSICS PARTNERED WITH J.CREW AND SOLD OUT WITHIN 24 HOURS. 2018 has already proven to be a busy year for Gola, from the launch of the J. Crew collaboration, the 50th anniversary celebration of their Harrier shoe, and a rollout of strategic expansion plans as a result of strong earnings since 2016. [FORBES]

IT’S SPRING: TIME TO PUT ON A SUIT THAT’S NOT NAVY OR GRAY

IT’S SPRING: TIME TO PUT ON A SUIT THAT’S NOT NAVY OR GRAY. In addition to Paul Smith, such brands as Prada, Gucci, Tom Ford, Calvin Klein, and Boglioli (to mention just a few) showed suits in a rainbow’s array of colors, from eggplant purple to electric blue to baby pink(!) [BLOOMBERG]

WHY “CALL ME BY YOUR NAME” IS THIS SEASON’S MENSWEAR INSPIRATION. With its swimwear semiotics and characterisation through shirts, Luca Guadagnino’s film has the answers when it comes to your holiday wardrobe. You’ve seen the film, now get the look. [GUARDIANUK]

DIGITAL LUXURY FASHION MARKETPLACE FARFETCH IS ON A ROLL TO AN IPO. “We see the future of fashion as centered in the physical store, which I know is ironic for a tech business,” said Farfetch CEO and founder José Neves. [FORBES]

LVMH TAPS KIM JONES FOR MEN’S DESIGN AT DIOR. French fashion house Christian Dior said on Monday that Kim Jones, formerly of Louis Vuitton, would replace Kris Van Assche as its menswear designer, as parent LVMH seeks to revamp some of its biggest brands with new appointments. [REUTERS]

TOMMY HILFIGER’S BET ON INSTANT GRATIFICATION IS PAYING OFF

TOMMY HILFIGER’S BET ON INSTANT GRATIFICATION IS PAYING OFF. Like the previous three collections, all of the clothes shown in Milan were instantly available as part of Tommy Now, the company’s “see now, buy now” initiative, which erases the standard six-month wait between the runway and retail and allows for something rare: instant gratification. [BLOOMBERG]

WALMART VS. AMAZON

WALMART VS. AMAZON: A SURPRISING TURN IN THE BATTLE FOR E-COMMERCE GLORY. While Walmart might be significantly further behind than Amazon (they have a monthly visits deficit of 1.65B as compared to Amazon), their current digital behavior indicates they will be focusing on key areas in order to cut into Amazon’s lead. [FORBES]

LONDON RELAUNCHES ITS MENSWEAR FASHION WEEK, BREXIT CASTS SHADOW

LONDON RELAUNCHES ITS MENSWEAR FASHION WEEK, BREXIT CASTS SHADOW. The event first launched in 2012 as three days of catwalk shows known as London Collections: Men, but rebranded this year as London Fashion Week Men’s running over four days. [REUTERS]

COULD AMERICAN APPAREL BECOME AMAZON APPAREL?

COULD AMERICAN APPAREL BECOME AMAZON APPAREL? For the past 18 months or more, Amazon has quietly rolled out a line of private label menswear, womenswear, handbags, and children’s clothes under seven different brand names, and has hired sourcing managers for its growing private label team. [FORBES]  

CREATION OR JUST MORE PRODUCT?

CREATION, OR JUST MORE PRODUCT? In Milan, instead, save for a bunch noteworthy exceptions…it looked like most designers and fashion houses have given up their role altogether, ditching the pursuit of genuinely new ideas for mere product design. [BUSINESSOFFASHION]

H&M EARNINGS DECLINE ON WEAKEST SALES GROWTH IN THREE YEARS

H&M EARNINGS DECLINE ON WEAKEST SALES GROWTH IN THREE YEARS. A cold, rainy spring has added to the challenges faced by European retailers as consumers curb spending on clothing. Still, the weather didn’t stop Zara owner Inditex SA reporting a 6 percent increase in earnings in the three months through April, aided by its fast distribution system. [BLOOMBERG]

OUT OF FASHION: HOW MEN COULD FALL OFF THE CATWALK

OUT OF FASHION: HOW MEN COULD FALL OFF THE CATWALK. Fashion shows are not as cost-effective as they once were and that the industry has to pay greater attention to costs as world demand for luxury goods has weakened. Social media is also heavily influencing the industry, speeding up demand for new products but also allowing fashion brands to reach out to potential customers more directly and inexpensively. [REUTERS]

MENSWEAR: FIVE TRENDS TO LOOK OUT FOR NEXT YEAR

MENSWEAR: FIVE TRENDS TO LOOK OUT FOR NEXT YEAR. The Tuscan city’s menswear trade show, Pitti Immagine Uomo, is buzzy again. From sportswear to suits, this is the lowdown. [GUARDIANUK]

CAN FACIALS AND FITNESS REVIVE MACY’S?

CAN FACIALS AND FITNESS REVIVE MACY’S? On June 25, the struggling department store chain will unveil a new prototype in a renovated store at the Easton Town Center in Columbus, Ohio, filled with lifestyle shops that play up services. [FORBES]

UNIQLO’S SEARCH FOR SELF…AND GLOBAL DOMINANCE

UNIQLO’S SEARCH FOR SELF…AND GLOBAL DOMINANCE. In the overcrowded, highly competitive casual fashion market, size is important but no guarantee of success: analysts say Uniqlo’s challenge is to carve out a brand identity of its own, going beyond its formula of delivering no-nonsense quality at good prices [ASSOCIATED PRESS]

RALPH LAUREN TO CUT 1,000 JOBS AND SHUT SHOPS

RALPH LAUREN TO CUT 1,000 JOBS AND SHUT SHOPS. Ralph Lauren, like some other luxury brands, has been struggling amid sluggish spending on luxury apparel and accessories. The company’s margins have taken a knock as department stores discount heavily to get rid of excess inventory. [REUTERS]

CALLED OUT FOR COPYING, CHANEL DOES THE RIGHT THING

CALLED OUT FOR COPYING, CHANEL DOES THE RIGHT THING. Intellectual property in fashion is notoriously hard to protect, as the constant “homages” to runway looks that appear in fast-fashion retailers attest. Brands have become more aggressive in trying to protect their work, but it remains a murky area. [NYT]

GO PROS FIRST DRONE WILL BE CALLED KARMA

GO PRO’S FIRST DRONE, DUE OUT IN 2016, WILL BE CALLED KARMA. If you are a GoPro investor, Karma should probably give you positive energy. And such good mojo is much needed, as Wall Street recently soured on the company after the GoPro Hero4 Session mini camera fell short of expectations. [ADWEEK]

SWATCH IS SECRETLY STOCKPILING PATENTS

SWATCH IS SECRETLY STOCKPILING PATENTS. Swatch is developing mobile payment capabilities for watches based on technology similar to that in touch-enabled bank cards. The company says early next year it will introduce a $90 watch called the Bellamy that can be used to make electronic payments at stores. [BUSINESSWEEK]

LACOSTE: POLO OF THE FUTURE

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