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Must Read: Burberry Retail Sales Slip as Brand Repositions, Designers Can Pay to Have Their Collections Posted on Vogue Runway

Plus, The Real Real reportedly working with banks on IPO.
The Burberry store on Bond Street in London. Photo: Jack Taylor/Getty Images

The Burberry store on Bond Street in London. Photo: Jack Taylor/Getty Images

These are the stories making headlines in fashion on Wednesday.

Burberry retail sales slip as brand repositions 
Ahead of February's launch of Riccardo Tisci's debut collection in stores, Burberry reported a 1 percent rise in third-quarter same store sales, just shy of market forecasts of 2 percent growth. The company's retail revenue dipped 2 percent to 711 million pounds at constant exchange rates in the same quarter. According to WWD, the British brand attributes its not-so-stellar performance to being in a state of transition and navigating the business between "the new branding and vision for Burberry" and the previous collection in store "that does not yet reflect our new positioning." {WWD

Designers and brands can pay to have their collections posted on Vogue Runway 
Condé Nast is trying to make some extra cash by charging brands and designers $20,000 to have their lookbook or collection images uploaded to Vogue Runway's website and app twice annually. According to a source obtained by Business of Fashion, the option has been available for at least three seasons and does not include reviews or other written content. The Vogue Runway team, led by Nicole Phelps, still has final say over which brands can pay to be part of the index and which images will be accepted. {Business of Fashion}

The Real Real reportedly working with banks on IPO
The Real Real, valued at $745 million, is reportedly in talks with investment banks about the possibility of an initial public offering, according to sources close to the company. The people familiar with the matter also disclosed that the online luxury reseller has already sent out a request for proposals to prospective advisors and underwriters to manage the listing this year. {Business of Fashion

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Paris Haute Couture Week goes to the circus 
From the literal circus Dior put on to the fantastic creatures at Iris van Herpen, the Spring 2019 Couture season appears to be walking the fashion high wire. In Vanessa Friedman's combined review of the couture collections from Chanel, Giambattista Valli, Schiaparelli, Dior and Iris van Herpen, she argues designers had acrobatic tricks and the desire to escape reality on their minds. {The New York Times}  

Buyers praise more polished looks at Paris Fashion Week Men's 
Men's buyers at major retailers supported the return to elegance and fine tailoring, which was demonstrated at Paris Fashion Week Men's this season. Sportswear was refined, and collections veered more into polish territory with an emphasis on tailored topcoats, English-influenced tweeds and checks and more sophisticated takes on suede and leather outerwear. {WWD

Why fashion is particularly vulnerable to climate change
At World Economic Forum's annual gathering in Davos, fashion companies learned that climate change will present very real business risks. Disruptions to the production and delivery of goods and services due to environmental disasters are already up by 29 percent since 2012, according to the WEF's annual global risk report published last week, and climate change is already having a negative impact on crucial raw materials like cotton and wool, causing fluctuations in quality and price. The luxury sector, which relies on access to high-end materials, is particularly vulnerable to changes in climate that could damage key producing regions. {Business of Fashion

Pat McGrath Labs expands its retail presence at Bergdorf Goodman
Makeup artist Pat McGrath announced the expansion of her eponymous cosmetics brand's retail footprint in the U.S. via a partnership with department store Bergdorf Goodman. Previously sold exclusively in Sephora stores, on and on the brand's own website, Pat McGrath Labs will be available in BG stores beginning on Feb. 1, kicking off with a dedicated "shop-in-shop" at its Fifth Ave. location. {Fashionista inbox}

Meet the world's top specialist for tour laundry
Hans-Jürgen Topf has traveled with many of the world's biggest music acts, including Madonna, Pink and Beyoncé, to clean their clothes. The New York Times caught up with the laundry specialist, who opened up about the challenges of doing tour laundry and about the most common stains he deals with. Topf also shared his toughest project – which involved fake blood and beer — and what treasures he's found in the clothes. {The New York Times

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