Must Read: Anna Wintour Reveals the 2019 Met Gala Host Committee, Why Fashion Brands Still Spend Money on Print Ads

Plus, the resale market threatens to devalue Birkin bags.
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Jennifer Lopez and Alex Rodriguez at the "Heavenly Bodies: Fashion & The Catholic Imagination" Costume Institute Gala at The Met. Photo: Jason Kempin/Getty Images

Jennifer Lopez and Alex Rodriguez at the "Heavenly Bodies: Fashion & The Catholic Imagination" Costume Institute Gala at The Met. Photo: Jason Kempin/Getty Images

These are the stories making headlines in fashion on Wednesday.

Anna Wintour reveals the 2019 Met Gala host committee  
Anna Wintour has finally unveiled the 183-person host committee for the upcoming Met Gala. Headliners include Bradley Cooper, Jennifer Lopez and her fiance Alex Rodriguez, Chadwick Boseman, Lupita Nyong'o, Lena Waithe and Priyanka Chopra. Also on the list are prominent fashion figures, such as Tom Ford, Donatella Versace, Miuccia Prada, Valentino's Pierpaolo Piccioli and Givenchy's Clare Waight Keller. {The Hollywood Reporter

Why fashion brands still spend money on print ads
Why do fashion brands still advertise in print, when consumers spend only a tiny fraction of their daily media consumption with a magazine? The answer Amy Odell offers is that  "digital platforms have failed to provide a suitable enough alternative for fashion brands to abandon print altogether, publishers have historically undervalued their digital media products, and the fashion system of the '90s still holds power in today's digital age." What's more, "a few major magazines still make large audiences care about what they do and their print issues carry cultural credibility," and feature covers that "leave people talking for a week or more, online and off." {Business of Fashion

The resale market threatens to devalue Birkin bags 
The Hermès Birkin is largely thought of as the rarest handbag in the world, but Luca Solca, a senior analyst at an investment research and management company, estimates that there are now more than a million Birkins in the market. Many of said million are floating around on resale sites — and on various Kardashians/Jenners — making the bags easily purchasable with one click and $10,000. Now that it's easier than ever for consumers to get the coveted carryalls, will the accessory lose its exclusive appeal? {The New York Times

Why some big designers might be skipping the Met Gala this year 
Ralph Lauren, Dior and Calvin Klein aren't buying tables at the Met Gala this year, according to sources obtained by WWD. Tables at the glitzy fundraiser go for $300,000, which may not be worth the price of entry for designers who can get more brand exposure from an Instagram post. {WWD

75,000 stores could close by 2026
The future of physical retail isn't looking bright: According to a UBS report, 75,000 stores will collectively shutter by 2026, if e-commerce penetration rises from today's 16 percent to 25 percent. "For every 100 bp increase in online penetration, 8,000-8,500 stores would need to close," Michael Lasser, an analyst for UBS says. {Retail Dive}  

Levi Strauss post-IPO earnings send shares higher
Levi's gained 7 percent in early trading Wednesday after its first earnings report as a public company showed revenue growth that exceeded expectations. Revenue grew 7 percent compared with the year-ago period. Sales in the Americas rose 9 percent, while Asia rose 8 percent and Europe added 3 percent. Shares climbed above $23 a piece as of 6:45 a.m. in New York, and the company's stock rose 29 percent since its debut last month. {Bloomberg

Mossimo Gannulli and Lori Laughlin face 40 years in jail
Aunt Becky and her husband, the Target guy, could spend up to 40 years in jail. The pair, known outside of "Full House" and the department store chain as Lori Loughlin and Mossimo Giannulli, face a maximum of 20 years in prison for their involvement in the nation's largest college admissions scandal and face another 20 years for money laundering. {WWD

Tonne Goodman's memoir comes out next week
Tonne Goodman's memoir, "Point of View," will be published next week. The book is filled with iconic images, stretching from her early days as a fashion reporter for The New York Times through her stints as vice president for advertising at Calvin Klein and fashion director of Harper's Bazaar, to her tenure at Vogue, during which she styled more than 150 covers. It also contains very personal pictures and anecdotes from her youth in the Upper East Side. {The New York Times

Everlane teams up with The New York Times to celebrate Earth Day 
Everlane is teaming up with The New York Times to give students access to reporting on climate change. As such, Everlane has released a collection of sweatshirts and tees in honor of Earth Day, and for each product sold, nine public school students will receive access to The New York Times through the publication's Sponsor a Subscription program. You can shop the Everlane x The New York Times collection here. {Fashionista inbox}

Kim Kardashian West covers Vogue, again
A mid-shower Kim Kardashian West covers the May issue of Vogue, which also happens to be the issue dedicated to the Met Gala. The mother of three gorgeous children wears a sultry Chanel number on the cover and models dresses from Valentino, Rosetta Getty and Brandon Maxwell in the editorial. For the feature, Kardashian West talks motherhood, Kanye West and advocating for criminal-justice reform — apparently, the reality star and beauty mogul began a four-year apprenticeship with a law firm in San Francisco, with the goal of taking the bar in 2022. {Vogue

Kim Kardashian West on the May cover of "Vogue." Photo: Mikael Jansson

Kim Kardashian West on the May cover of "Vogue." Photo: Mikael Jansson

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