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Must Read: Walmart to Pull 'Cosmopolitan' From Checkout Lines, H&M Is Sitting on a $4.3-Billion Pile of Unsold Clothes

Plus, Band of Outsiders' founder Scott Sternberg launches new direct-to-consumer clothing brand.
Photo: Scott Olson/Getty Images

Photo: Scott Olson/Getty Images

These are the stories making headlines in fashion on Wednesday.

Walmart to pull Cosmopolitan from checkout lines
On Tuesday, Walmart said it will remove Cosmopolitan from its checkout lines, though the mega-retailer's customers will still be able to find the women's book in the regular magazine aisle. Walmart reportedly made the decision following conversations with an anti-pornography organization, the National Center on Sexual Exploitation. {NPR

H&M is sitting on a $4.3-billion pile of unsold clothes 
For H&M, 2018 is not off to a great start: The Swedish fast-fashion big-name reported Tuesday that it has $4.3 billion worth of unsold stock piling up. According to The New York Times, critics say the over-filled racks were caused by poor inventory management, declining foot traffic and underwhelming product offerings. {The New York Times

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Band of Outsiders founder launches new direct-to-consumer clothing brand
Band of Outsiders founder Scott Sternberg, who rose to sartorial fame with his well-executed preppy designs, is making a comeback with a new clothing venture: On April 2, he's launching Entireworld, a direct-to-consumer apparel brand made up of fuss-free wardrobe essentials — think cotton-wool sweaters and tube socks — at democratic price points. He explains it himself in the video above. {Business of Fashion / @entireworld}

Louis Vuitton to speed up production by opening new factories in France
Louis Vuitton, LVMH's cash cow, announced Tuesday that it will ramp up its leather goods and handbag production with the addition of at least two new workshops in western France. The luxury label plans to meet its growing demand for leather goods by hiring 500 more people, which will bring its staff of leather goods specialists to around 4,000. {Business of Fashion}

How Lynn Yaeger keeps the fashion fantasy alive 
In a new piece by Mickey Boardman for Paper, he explores how Lynn Yaeger's uncompromisingly avant-garde approach to dressing has made her an inspiration and muse in fashion. "Fans and fashion fiends approach her every time we're out together, telling Yaeger they love her work or they've never seen anything like her (or sometimes even confusing her for other legendary fashion icons like Isabella Blow and Dame Vivienne Westwood)," writes Boardman. "As Marc Jacobs said, inspirational women like Lynn Yaeger are what keep the fashion fantasy alive, and a little fantasy is needed now more than ever." {Paper}

The Chinese government approves package delivery via drones  
China's largest logistics firm, SF Express, announced on Wednesday that subsidiary Fengyu Shuntu Technology received the first official permit in China to deliver packages via drones. With its new pack of unmanned aerial vehicles, SF Express aims to deliver goods to rural and sparsely populated areas. {Quartz

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