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Must Read: Puma's Second Quarter Profits Climb, Troy Young Announced President of Hearst Magazines

Plus, industry leaders on fashion's belated embrace of the circular economy.
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Photo: Sean Gallup/Getty Images

Photo: Sean Gallup/Getty Images

These are the stories making headlines in fashion on Thursday.

Puma's second quarter profits climb 
Puma's doing just fine since its recent breakup with Kering: The German sportswear giant reported an 8 percent increase in second quarter sales and double-digit organic growth across all regions and product categories on Thursday. The company also said its full-year guidance for EBIT, or earnings before interest and taxes, will range between 310 million euros and 330 million euros, 30 percent higher than last year. {WWD

Troy Young announced president of Hearst Magazines
Troy Young, president of Hearst Magazines Digital Media, will succeed David Carey as president of Hearst's magazine division. In his new role, he will oversee Hearst Magazines' global business, encompassing more than 300 print editions and 240 digital brands. {Business of Fashion

Industry leaders on fashion's belated embrace of the circular economy
At Voices, Business of Fashion's annual gathering for big thinkers in fashion, business leaders from luxury conglomerates, department stores and ready-to-wear brands sat down to discuss the industry's delayed embrace of the circular economy. During the panel, executives touched on numerous issues causing the lag, ranging from consumers' confusion surrounding sustainability and anxiety over jobs. {Business of Fashion

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Kenzo teamed up with Tiger Beer and the World Wildlife Foundation on a capsule inspired by big cats
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Fashion is turning its back on black 
Black has a hold on fashion unmatched by any color, but as of late, the popularity of the foolproof shade has started to fade. According to trend forecaster WGSN, brightly colored clothes represented a 20.2 percent share of the U.K. market, up from 16.7 percent two years prior. Meanwhile, between April 2017 and April 2018, black fell by 10 percent. {The Guardian

How one shopper spent eight months and $900 to land a pair of designer sneakers
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Meet the first designer to integrate Provenance's blockchain technology 
Czech designer Martina Spetlova has become the first clothing label to integrate Provenance's blockchain technology platform across her collection. The London-based designer chose to adopt blockchain technology, because she was looking for ways to  make her brand more sustainable and more innovative, as well as to add more engaging stories to her products. {Forbes

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