Must Read: Inside J.Crew's New CEO's Plans to Revive Struggling Chain, Retail Should Perform Well in Second Half of the Year

Plus, Annie Leibovitz photographed Stormy Daniels for "Vogue'"s October issue.
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Photo: Steve Jennings/WireImage

Photo: Steve Jennings/WireImage

These are the stories making headlines in fashion on Tuesday.

J.Crew's new CEO plans to revive struggling chain with lower prices and more sizes 
James Brett took over as CEO of J.Crew last summer, when the retailer's longtime leader Mickey Drexler stepped down amid faltering sales. Brett's plan to revive the struggling chain involves expanding J.Crew's assortment with more entry-level prices, as well as introducing plus sizes and more fit options. Most of these changes will be rolled out in the coming weeks. {The Wall Street Journal

Retail should perform well in the second half of the year 
Retail is poised to have a strong second-half, fueled by healthy spending coming out of rising wages and a low unemployment rate. "Apparel is setting up for its best holiday in years," said Craig Johnson, president of Customer Growth Partners to WWD. "People are spending on apparel again — it's up 5 percent and triple the rate of the last five or six years." {WWD

Annie Leibovitz photographed Stormy Daniels for Vogue's October issue
Annie Leibovitz captured Stormy Daniels, wearing a royal blue Zac Posen dress, for Vogue's October issue. The image accompanies a piece by writer Amy Chozick on what life is like for one of Trump's main adversaries. {Vogue

Shoes of Prey is "pausing" 
Shoes of Prey, an online-native shoe customization brand, announced through an Instagram post (see below) that it's "pausing" operations to consider future business options. {@shoesofprey/Instagram} 

Brick-and-mortar shopping can still be a vibrant business
Most quarters, old-school chains report dwindling sales, but that wasn't the case this quarter: Walmart Inc. posted its best comparable sales growth in over a decade, and Target Corp. came out on top with its biggest increase in more than 13 years. Similarly, Nordstrom Inc. and Urban Outfitters Inc. saw strong results in comparable sales growth. These numbers offer compelling evidence that department stores are starting to figure out how to do retail in a digital world. {Business of Fashion

Tiffany & Co. reported earnings and sales that exceeded expectations
Tiffany & Co.'s shares rose nearly 5 percent in premarket trading after the jewelry retailer said it expected full-year earnings to be between $4.65 and $4.80 per share, up from $4.50-$4.70. In addition, the company's net earnings rose to $144.7 million in the second quarter, from $115 million last year. Net sales also increased to $1.08 billion from $959.7 million. {Business of Fashion

Lanvin's new CEO outlines his comeback strategy for the ailing luxury house 
Lanvin has named former Sandro CEO Jean-Phillipe Hecquet as its new chief executive, the latest step in a management overhaul that began with China's Fosun taking a controlling stake in the French luxury fashion house earlier this year. Hecquet is faced with returning the ailing brand to profitability and growth, which he plans to do by hiring a new artistic director by the end of the year. "The number one priority is, of course, to bring back the creativity," he told Business of Fashion. "My role and the role of the executive committee will really be to bring back the confidence, to bring back the positive vibes." {Business of Fashion}  

What "Crazy Rich Asians" tells us about Asia's luxury market 
"Crazy Rich Asians" is the first major Hollywood film with an all-Asian cast and Asian-American lead in 25 years. But while the movie has been lauded for its groundbreaking representation of Asians, how much does it actually tell us about Asia's luxury market? Business of Fashion investigates. {Business of Fashion

The CFDA remembers Ruth Finley 
Ruth Finley, who created the Fashion Calendar and was a leading figure in the industry, passed away Saturday night at the age of 98. "Finley served as the miraculous one-man operation as the master planner of all New York's fashion events for seven decades," wrote the CFDA in a statement on her death. The CFDA acquired the Fashion Calendar in 2014 to help streamline scheduling of fashion shows and events in New York, but Finley remained actively involved as a consultant and adviser. In 2014, the CFDA honored her with the Board of Directors Award at the CFDA Fashion Awards. "Ruth was everyone's first phone call to so many fashion shows," said CFDA Chairwoman Diane von Furstenberg. "She was a pillar of the industry for decades. May she rest in peace." {CFDA

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