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Must Read: An H&M Factory in Bangladesh Catches Fire, Selena Gomez Fronts 'W'

Plus, Fitbit releases a more fashionable tracker.

These are the stories making headlines in fashion this Wednesday.

A Bangladesh factory catches fire
A factory in the Gazipur district of Bangladesh, which produces garments for H&M and JC Penney, caught fire on Tuesday morning, injuring four workers. During a May 2014 inspection of the building, the "Alliance for Bangladesh Worker Safety" found that the building lacked adequate fire doors and sprinklers, among other issues. What's worse: the building had just caught fire the previous Friday. {Quartz}

Selena Gomez fronts W 
Selena Gomez poses in a tiara and little else at the beach for W Magazine's February issue, photographed by Steven Klein. Staying true to the title of the shoot ("Hotter Than Ever"), the star literally (and figuratively) looks hot. {W}

Fitbit releases a more fashionable tracker
Fitbit's sleeker and slimmer model, Fitbit Alta, is now available for preorder. (It'll ship out on March 1.) The Fitbit Alta will be the first model to have compatible interchangeable wristbands and a collaboration with Tory Burch is on the horizon. {WWD}

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Modcloth launches swimwear
Modcloth has launched "High Dive by Modcloth," a line of vintage-inspired swimwear available in sizes XS-4X. For the launch, Modcloth partnered up with Liberty of London on prints. {Modcloth}

Yahoo's Marissa Mayer outlines plans to streamline its business
During Yahoo's quarterly earnings webcast, CEO Marissa Mayer outlined the company's plans for a "simpler" Yahoo. Changes include closing down offices in various parts of the world, merging some of its digital publications to have more streamlined content, and focusing on products like search, mail and Tumblr.  {Fast Company}

Riccardo Tisci unveils second Nike collaboration
Riccardo Tisci has reinterpreted the NikeLab Dunk Lux High for his second collaboration with the brand, set to hit stores and online Feb. 11. In an interview, the Givenchy designer emphatically expresses his longtime love for sneakers, of which he has over 1,000 pairs.  {WWD} releases a zine has released a 32-page zine chronicling Pat McGrath's '70s-themed party at Kellogg's Diner in Brooklyn, featuring photo-booth snaps, iPhone selfies and more. Only 100 issues have been printed, and each one has been customized by McGrath with pigments from her makeup product, Phantom 002. {Vogue}

Homepage photo: Steven Klein for 'W'

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