Must Read: New Balance Voices Support for Trump, Agent Provocateur Scales Back

Plus, The Row hires a new president.
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A pair of (coincidentially) red New Balance shoes spotted on the street in Ho Chi Minh City, Vietnam. Photo: Edward Berthelot/Getty Images

A pair of (coincidentially) red New Balance shoes spotted on the street in Ho Chi Minh City, Vietnam. Photo: Edward Berthelot/Getty Images

These are the stories making headlines on Thursday.

"We feel things are going to move in the right direction."
In a statement to the Wall Street Journal's Sara Germano (which she shared on Twitter), New Balance reportedly is in support of Donald Trump's impending presidency. However, in an updated piece published 10 hours after the original story (linked below), the activewear brand shared an exclusive statement expressing the following: "As the only major company that still makes athletic shoes in the United States, New Balance has a unique perspective on trade and trade policy in that we want to make more shoes in the United States, not less. New Balance publicly supported the trade positions of Hillary Clinton, Bernie Sanders and Donald Trump prior to election day that focused on American manufacturing job creation and we continue to support them today." {Sole Collector}

Agent Provocateur to downsize stores and staff
The lingerie brand has announced plans to shutter nearly a third of its retail network, and whittle down its London headquarters' staff by 30 percent, in addition to beginning to "phase down" its diffusion line, L'Agent. Additional plans involve ramping up its footprint in Asia and China, where it has a marginal presence, and lowering entry-level prices for the main collection, which had increased as a result of the launch of L'Agent in 2013. {WWD}

The Row welcomes a new president
David Schulte has signed on as the Mary-Kate and Ashley Olsen-founded luxury brand's president, effective immediately. Schulte most recently served as president and CEO of eyewear label Oliver Peoples, a post he had held since 2006. "The Row has a distinctive culture, aesthetic and independent spirit that I am completely aligned with," said Schulte in an exclusive interview with Business of Fashion. "I look forward to contributing to its continued success." {Business of Fashion}

Battle of the shopping holidays?
This year, Singles' Day (an actual thing that exists to encourage shopping for yourself as sort of anti-Valentine's Day) is poised to eclipse traditionally major shopping holiday Black Friday in China, according to new data from retail consulting firm Kantar Retail. "Singles' Day represents a bigger opportunity because people aren't that familiar with it," said Marshal Cohen, a retail analyst at the NPD Group, to BoF. "Black Friday is almost the complete opposite. It's an occasion that has very low growth now, [and] it's becoming a bit less popular." {Business of Fashion}

Yoox Net-a-Porter's net revenue grows by 19% in third quarter
The luxury fashion e-tailer saw a rise in organic net revenue in the third quarter, driven in part by strong performance in the U.S. and Asia Pacific regions. Other impressive stats? The group's various sites averaged 27.5 million monthly unique visitors, compared with 25.9 million in the first nine months of 2015, and grew orders by nearly a million from last year. {Fashionista inbox}

Riccardo Tisci debuts latest collab with Nike
The Givenchy designer is no stranger to working with the activewear brand (he has previously redesigned some of its most recognizable styles, including the Air Force 1 and Nike Dunk) and today, is revealing his latest endeavor with Nike: two editions of the Nike Air Zoom Legend sneaker, one being a jacquard black colorway with monochromatic detailing, and the second a mesh black style with a multicolored heel. "We chose this shoe because its story is so closely linked to the '90s as a symbol of youth culture and street style," said Tisci to Vogue.com via email. "This is a strong shoe with a dual contrast and an experimental style." The kicks will be carried exclusively at the NikeLab boutique in SoHo, at 21 Mercer Street, from November 11, and will be available online and at other NikeLab stores later this year. {Vogue}

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