Must Read: Gen Z Shops More Than Millennials, Bandier Gets $34.4 Million in Funding

Plus, Elf Cosmetics to close all stores.
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Photo: Jack Taylor/Getty Images

Photo: Jack Taylor/Getty Images

These are the stories making headlines in fashion on Wednesday.

Gen Z shops more than millennials 
According to a new study by LIM College, Gen-Zers shop more frequently and spend more money on fashion than millennials. The study also found that material value may hold stronger resonance with Gen Z and that members of this young generation are more likely to shop in physical stores than other demographic cohorts. {WWD

Bandier gets $34.4 million in funding
Private equity firm Eurazeo has acquired a minority stake in Bandier with an investment valued at $25 million. The fitness retailer also received funds from C Ventures, which helped the company to raise a total of $34.4 million. With its fresh injection of cash, the brand has hired Adrienne Lazarus, the former CEO of Frye and president of Intermix, as its new president. {Fashionista inbox} 

Elf Cosmetics to close all stores
Elf Cosmetics announced Tuesday that it would close all 22 of its stores as it looks to focus on national retailers and digital channels. This decision came after the beauty brand reported worse-than-expected fourth-quarter sales: Net sales slipped 4 percent to $78.6 million and net income fell sharply to $9.7 million, compared with $21.5 million last year. The stores only accounted for 5 percent of Elf's sales in 2018. {WWD

Behind Margiela's Tabi boot craze
Maison Margiela's now-iconic split-toe boot style, called the "Tabi," first appeared in 1988, but as the label continues to introduce new iterations and additional sizing for men, the boots are more popular now than ever before. WGSN noted a 17-percent uptick in the volume of styles sold across luxury retailers in the U.K. and an 11-percent increase in the U.S. over the past three months. The Tabi boot craze has also extended into the resale market: Depop said there was a 170-percent increase in searches for the hoof-inspired footwear in 2018 compared to the previous year. {Business of Fashion

Etsy stock soars after earnings and revenue beat expectations
Etsy's fourth-quarter revenue and sales beat expectations, sending shares to their highest level since the company's 2015 initial public offering. According to Bloomberg, analysts were especially impressed that the full-year guidance beat expectations even as the online seller of handcrafted and vintage items scaled back on its marketing spend in the first quarter. {Bloomberg

Carine Roitfeld to launch seven scents inspired by seven lovers 
Carine Roitfeld is launching a collection of seven genderless scents inspired by seven fictional lovers from seven different places around the world on May 6. Roitfeld will announce her foray into fragrances with 4,000 posters placed all over Paris that portray the infamous editor nude, looking out a window and making a peace sign with one hand. {Fashionista inbox} 

Designers make over "Sesame Street" muppets for special InStyle covers 
To celebrate its 50th anniversary, "Sesame Street" teamed up with a group of designers to give its iconic characters updated looks. Anna Sui gave Big Bird a sparkly caftan, while Elmo got a sporty upgrade from Opening Ceremony. Cookie Monster went futuristic with the help of Rosie Assoulin, and Abby Cadabby got whorls of plaid ruffles thanks to Marc Jacobs. Lastly, Bert and Ernie went '70s prep in varsity sweaters designed by Isaac Mizrahi. The muppets and their new-and-improved 'fits star on five special-edition digital covers of InStyle, which you can see in the gallery below. {InStyle

Gigi Hadid covers Vogue Arabia 
Vogue Arabia is celebrating its second year in print with Gigi Hadid (who also starred on its debut cover) on its March 2019 cover. The 23-year-old model wears a feathery Giambattista Valli Couture number in the cover image shot by Peter Lindbergh (see below) and inside the issue, she reflects on the impact her Palestinian heritage has had on her life. {Vogue Arabia

Gigi Hadid on the March 2019 cover of "Vogue" Arabia. Photo: Peter Lindbergh 

Gigi Hadid on the March 2019 cover of "Vogue" Arabia. Photo: Peter Lindbergh 

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