Bloomingdale’s Black Tags Curb $8.8 Billion Fraud Bill

Bloomingdales in New York | Source: Wikimedia

NEW YORK, United States — Returning a party dress the day after a big soiree is getting harder to do. Instead of just tagging merchandise before it’s purchased to prevent theft, the Bloomingdale’s department-store chain is keeping some garments tagged after they’re sold, too.

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Andy Dunn of Bonobos on Building the Armani of the E-Commerce Era

Andy Dunn of Bonobos | Photo: Alexander Thompson

In the latest instalment of Founder Stories, a series highlighting the personal and professional journeys of some of fashion’s most dynamic entrepreneurs, BoF speaks with Andy Dunn, co-founder and CEO of men’s apparel brand Bonobos.

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North American Retailers Set 5-Year Bangladesh Factory Plan

Collapsed building in Bangladesh | Source: Associated Press

WASHINGTON DC, United States — Nearly 20 North American retailers including Wal-Mart Stores Inc and Gap Inc unveiled a 5-year safety plan for Bangladesh garment factories on Wednesday that would include inspecting every factory within a year.

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Longchamp’s journey, Nordstrom profit up, Richemont co-CEO’s, ASVOFF, Hi-tech Hermès

Longchamp: A long way from pipes in Paris (Independent) “Longchamp’s signature product is a handbag seen on the arms of hundreds of women everywhere from London to Sao Paulo and Singapore. Its Le Pliage foldable handbags launched in 1993 and the company still sells three million of them every year, helping to explain a recent 22 per cent growth in group sales. Despite its products being a common sight among the masses,

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Fancy moves, Permira sells Valentino, China real estate boom, Topshop at Nordstrom, Kahng’s return

Valentino Haute Couture | Source: Life in Italy

The Fancy’s E-Commerce Expansion Continues (TechCrunch) “This week, New York-based The Fancy, a Pinterest-like site with a focus on not just browsing, but buying from its collection of inspirational imagery… The ‘Buy’ button is targeted at bloggers and other publishers, not online merchants or e-commerce sites, of course.” Qatari royal family buys Italian fashion house Valentino (Reuters) “Iconic

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Nasty Gal’s phenom, Sports energy in Paris, Fashion for good, Dreamy trunks, Nordstrom NYC

Nasty Gal’s Sophia Amoruso: Fashion’s New Phenom (Forbes) “In four years her spunky retail fashion site has streaked across the Web, pushing new ways to sell trendy but inexpensive clothing. The company is on its way to quadrupling sales this year to $128 million, racking up gross margins of more than 60%, up there with retail’s most profitable ventures.” Get Ready for Action (NY Times) “With a sneaker

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Jil Sander’s return, Shopping R29, Spending clouds, Dolce & Gabbana couture, Fashion and art

Refinery29 website | Source: Refinery29

Jil Sander Gets Her Groove Back (On the Runway) “‘Don’t ask me why,’’ Jil Sander said with a laugh on Tuesday, when asked why she had decided, at age 68, to leave a comfortable retirement and return to the fashion fray.” Refinery29 Launching R29 Shop (WWD) “Up until now, Refinery29’s business model has relied heavily upon advertising to drive revenue, with approximately 80 percent of it coming from ads

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