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Must Read: Federal Government Seizes $500 Million Worth of Counterfeit Luxury Goods, Nordstrom's Q2 Earnings and Sales Beat Expectations

Plus, athleisure is taking over in China.
Photo: Georgie Wileman/Getty Image

Photo: Georgie Wileman/Getty Image

These are the stories making headlines in fashion on Friday.

Federal government seizes $500 million worth of counterfeit luxury goods 
Federal homeland security agents seized a large haul of fake luxury handbags, wallets and belts smuggled through ports in New York City and Los Angeles on Thursday. U.S. Homeland Security Investigations, a branch of the United States Customs and Immigration Enforcement agency, also announced charges in New York City against 33 people in a scheme involving fake goods that had an estimated value of a half billion dollars if passed off as genuine. {The New York Times

Nordstrom's Q2 earnings and sales beat expectations
In Nordstrom's second quarter earnings report, released Thursday, the Seattle-based retailer reported a 4 percent increase in same-store sales in the latest quarter, exceeding analyst expectations and sending shares up as much as 14 percent in late trading. The company also reported a 23 percent gain in e-commerce sales. {Business of Fashion}  

Athleisure is taking over in China 
Sportswear is taking over the apparel industry in China as increased incomes and a greater emphasis on healthy living have brought masses of Chinese millennials into the gym. According to Jing Daily, the athletic wear market grew 12 percent in 2017, while the general apparel market grew only 4 percent. What's more, the sportswear market in China is expected to reach $46.3 billion in value by 2022. {Jing Daily

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Goop magazine goes independent for its third issue
After producing two issues with Condé Nast, Goop magazine decided to release itself from the tight reins of the publishing giant. The quarterly's third issue, out Sept. 4, was produced entirely in-house with an editorial staff of about 20 and a new distribution partner in Oehler Media. {WWD

Remembering Aretha Franklin, secret style icon
Aretha Franklin, who passed away Thursday, wasn't a trendsetter, writes Robin Givhan for The Washington Post; but she used clothes "to bolster her confidence and to announce to the world that, of one thing she was certain: She was worthy." Franklin didn't care if she was dressed in manner that many people thought was better suited to someone slimmer or younger, "she was simply herself" and "I-wear-what-I-want cool, long before a generation of influencers and bloggers." {The Washington Post

Saks Fifth Avenue dedicates its flagship windows to American designers 
Starting Friday, the windows at the Saks Fifth Avenue flagship will feature custom fashion and backdrops curated by American designers to celebrate the upcoming NYFW. The designers were asked to reflect on what NYFW means to them, and you can see what they come up with in the gallery below. "We look forward to paying homage to American designers that make New York Fashion Week electric and inspirational," said Saks' Chief Merchant Tracy Margolies in an official statement. "New York is a fashion capital of the world and we wanted to celebrate the designers and their creativity that brings the city to life." {Fashionista inbox} 

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