These are the stories making headlines in fashion on Friday.

KFN announces new vision for New York Fashion Week

On Thursday, events company KFN announced phase one of its “new vision” for New York Fashion Week, which includes the debut of The Venue Collective, a “decentralized network of multiple venues made accessible to participating designers for their runway shows at little or no cost,” as stated in a press release. For access to this resource and others, KFN is asking designers to commit to three seasons in a row with the company. Applications for September are now open. {Fashionista inbox}

Temu ditches Chinese imports model to avoid tariffs

In an effort to evade the tariffs on China and stick to its low pricing, Temu is forgoing its Chinese imports model and switching to a “local fulfillment” system. American shoppers will now only be able to shop products from U.S. merchants selling locally based goods, allowing the Chinese company to avoid climbing import taxes. {Bloomberg/paywalled}

Is this the end of fashion’s international shipping?

On Friday, the U.S. Customs and Border Protection ended the de minimis exemption for imports under $800 from China and Hong Kong, subjecting all packages from the area to undergo formal customs entry procedures and duties. Fashion e-tailers that import from China and Hong Kong will likely need to restructure their pricing to avoid losing U.S. customers to rising import taxes. {Vogue Business}

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Freck Beauty founder sells brand, steps down

Remi Brixton, founder of freckle pen brand Freck Beauty, shared in an Instagram post that she “made the hard decision to relinquish my role as owner and operator” of the brand. Freck Beauty was purchased by an undisclosed group of investors earlier this year. {Business of Fashion}

Saks arrived on Amazon, the trade war is still on its way

Saks now has its own digital storefront on Amazon’s luxury platform, featuring brands like Dolce & Gabbana, Balmain and Giambattista Valli. As a result, Amazon’s Q1 sales saw a 64% increase in net profits. Those numbers could be due to customers getting as much shopping as possible in before any extreme tariffs hit. Andy Jassy, president and CEO of Amazon, explained in a statement, “When you have the broadest selection like we do and 2 million-plus global sellers like we do, you’re better positioned to help customers find whatever items matter to them at lower price points than elsewhere.” {WWD}

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