The 10 Biggest Stories in Fashion This Week

Everything you need to know, all in one place.
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Everything you need to know, all in one place.
A preview of Cher's 'Love' cover. Photo: 'Love' magazine

A preview of Cher's 'Love' cover. Photo: 'Love' magazine

NEWS

New hires: As it seeks to right its lagging sales with a brand overhaul, Abercrombie & Fitch has made a several hires, including former Club Monaco menswear designer Aaron Levine, former Lucky Creative Director Katia Kuethe and Lisa Lowman of Lucky Brand.

Comeback: Cher – the back of Cher's head, in actuality – made the cover of the July issue of Love. Given that she is the new face of Marc Jacobs, it seems that the veteran pop star might be staging a comeback via the fashion industry.

Downsized: After several quarters of sinking sales, Gap announced on Monday that it will be closing 175 stores and eliminating 250 corporate jobs.

Out of luck: Lucky magazine is going out of print after 15 years. After Editor in Chief Eva Chen stepped down in April, many predicted that the magazine's days were numbered. Its digital counterpart, luckyshops.com, will continue to operate. 

Hefty price tag: Michael Kors has agreed to settle a lawsuit claiming that it labeled clothing in its outlet stores with misleading pricing information — for the low, low price of $4.8 million. Lesson learned? Don't mess with outlet shoppers.

FURTHER READING

Swim Week: After IMG pulled out of organizing Miami Swim Week, several dozen brands, publicists and production companies are working to put the event, which takes place in July, back together. But not everyone is convinced their efforts will be cohesive enough.

Retro: Though we've all bid farewell to "Mad Men," we can now look to "The Astronaut Wives Club," which premiered Thursday, to get out our '60s fashion fix. Here's what the costume designer, formerly of "Gossip Girl," has to say about the project.

Turnaround: We sat down with American Apparel CEO Paula Schneider to talk product and walk us through what's working, what's not and which customer demographic she feels the brand is missing. 

Bespoke: A new of crop of young designers are focusing on making custom clothing for private clients, a business strategy that sidesteps department stores and wholesale prices, therefore allowing them to bank a larger profit margin.

K-Beauty: Our beauty editor Cheryl Wischhover recently traveled to South Korea and had a field day — or week — exploring the country's expansive beauty offering firsthand.