Jen Atkin’s Editorial Site Mane Addicts Shuts Down, Lays Off Team
Ouai founder Jen Atkin’s 10-year-old editorial hair care site Mane Addicts has effectively shut down.
Kunihiko Morinaga
Thebe Magugu First LVMH Prize Recipient From Africa
South African designer Thebe Magugu has been awarded the LVMH Prize, and will receive €300,000 and a year-long mentorship.
Down the High-Concept Drain
In Paris, Jacquemus and Anrealage leaned heavily on gimmicky high-concept theatrics.
An Obscured Offering
At Anrealage, there were sculptural shapes and deceptive surfaces that looked revealed intricate patterning if seen through special sheets — tricky? Most definitely.
At Anrealage, Innovation or Amusement?
At Kunihiko Morinaga's third Paris show, camera flashes revealed reflective patterns hidden in what, during daylight, looked like plain cotton or simple knitwear.
Company Snapshot
A rising star in his native Japan, he is bringing his punchy prints and streetwise sensibilities to the Paris catwalks.
The News in Brief
China, Travel Retail Weigh on Shiseido Earnings
Sales rose 4 percent on a reported basis, as consumer pullback from Japanese brands and inventory adjustments dragged down overall earnings.
Victoria’s Secret Jumps as Sales Decline Moderates
The lingerie maker said Thursday that its preliminary sales and adjusted profit for the quarter ended May 4 were at the high end or above its prior projections.
J.Crew Store Reopens in Soho
The American apparel chain will reopen a womenswear store in the retail neighbourhood since its last location closed in 2018.
Ferragamo Sales Down 17% in First Quarter
Revenues totalled 227 million euros ($244.5 million), below analyst expectations of 237 million euros according a LSEG consensus.
TikTok to Label AI-Generated Images, Video From OpenAI and Elsewhere
Researchers have expressed concerned that AI-generated content could be used as misinformation in an attempt to interfere with US elections this autumn.
US Online Retail Spending Up 7%, Driven By Demand for Cheaper Products
Sticky inflation has forced shoppers in various categories to trade down to more affordable products.
Tapestry Misses Quarterly Revenue Expectations
The company’s net sales came in at $1.48 billion in the quarter ended March 30, compared to analysts’ average estimate of $1.50 billion, according to LSEG data.