Michael Kors Holdings Limited has released its financial results for the fiscal 2017 first quarter ended July 2, 2016. Highlights: Total revenue increased 0.2% to $987.9 million from $986.0 million in the first quarter of fiscal 2016. On a constant cur…
THE INDUSTRY’S LATEST COPYRIGHT INFRINGEMENT LAWSUIT
Is imitation the sincerest form of flattery? According to one designer, the answer is an emphatic no! Acclaimed jewelry designer Pamela Love has sued e-tailer Nasty Gal for copying three of its designs protected by copyright, according to The Fashion Law. Pamela Love’s three designs in dispute–the Five Spike earring, …
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COACH BEATS PROFITS EXPECTATIONS; SALES SHY
With its release of fourth-quarter and full-year results, the Coach turnaround is well under way. Merchandise has been reworked, ads are repositioning the company, the Stuart Weitzman acquisition is adding to a luxury, multi-brand strategy, and the num…
GUEST EDITORIAL: 9 INVENTORY MISTAKES; 1 SOLUTION
Managing excess accessory inventory is a challenge for even the most efficient companies. Overage issues can drain profitability and take your focus away from core business priorities. When faced with excess inventory, many accessory companies try the following common—though misguided—strategies. Do nothing It’s easy to put off decisions about what …
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INDUSTRY MOURNS NOTANONYMOUS FOUNDER MAXINE COPPERSMITH
The accessories industry sheds a collective tear after Maxine Coppersmith, founder of notanonymous showroom, lost her battle with lung cancer over the weekend. Coppersmith was 53. “It is with tremendous sadness that we announce the passing of our beloved leader and friend Maxine Coppersmith. Since founding notanonymous in 1994, Maxine …
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WALMART BUYS JET.COM FOR $3.3 BILLION
It happened. After much speculation, brick and mortar giant Walmart went through with its sale of rising pure play e-tailer Jet.com. Walmart bought Jet–which has aggressively gone after Amazon since its inception just a year ago–for $3.3 billion in cash and stock. The deal is the largest-ever purchase of a U.S. …
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Personalized Gift Guide: Be a Part of It!
How to participate in our upcoming Personalized Gift Guide.
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A TO Z: TRESKA
As a full-service accessories company, Treska continues to create high-quality, handcrafted fashion jewelry featuring unique beads from around the world. For over 38 years, Treska has never lost sight of its core customer and with five introductions annually, their customers are always exposed to new styles and collections. In addition …
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LICENSING: BETESH GROUP ADDS KENSIE HANDBAGS
Handbag manufacturer The Betesh Group kicked off its latest license–Kensie–with a Market Week launch party in their showroom. Buyers got to see a broad array of styles and trends, including patchwork, 3D floral appliques, denim, ruffles, woven straw panels, statement/embellished straps and more. All bags are vegan leather and retail for under $100. …
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A TO Z: SOXLAND
Soxland International, founded in 1986, is a full-service hosiery company. Known for its house brands–Davco, Dr. Motion, Real Ugly Socks, Greenology and Larry Levine (licensed)–the offerings satisfy a diverse range of hosiery products from novelty to compression to DIY sock decorating kits. A large portion of the business is dedicated to …
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