These are the stories making headlines in fashion on Monday.

Former CaaStLE CEO indicted in $300 million fashion rental fraud case

Christine Hunsicker, former CEO of fashion rental company CaaStle, surrendered to authorities on Friday after the U.S. Attorney’s office in Manhattan indicted her on charges of wire fraud, securities fraud, money laundering, making false statements to a financial institution and aggravated identity theft. All charges carry a maximum sentence of 20 years in prison, except for the charge of making false statements to a financial institution, which could land Hunsicker up to 30 years in prison. {WWD}

New York City’s Garment District faces threats

New York City’s Department of City Planning passed a new zoning measure in June that would lift manufacturing zoning protections in the Garment District, threatening the stability of Manhattan’s clothing manufacturing industry. If the measure is approved by the city council and Mayor Eric Adams later this summer, local sewers, material suppliers, pattern makers and more could be forced to relocate or close their businesses — a move that would significantly impact New York-made brands and the fashion industry at large. {Business of Fashion}

Target is ending its price-matching policy

Starting July 28, Target will no longer price match its products to other retailers, such as Amazon and Walmart. The company believes shoppers “overwhelmingly price match Target and not other retailers,” according to a spokesperson. {Retail Dive}

Ulta is expanding into wellness

This week, several wellness brands (including Ritual, Saje and Armra) are entering Ulta, marking the beauty retailer’s further expansion into the wellness category. Ulta “has a lot of headroom to grab share, not least because there is a strong overlap between supplements and beauty,” says Neil Saunders, managing director of retail at Global Data. {Modern Retail}

B Corp is facing criticism

After certifying multinational brands like Nespresso and Unilever Australia, and then fast fashion brand Princess Polly, B Corp has come under fire for its seemingly lax criteria. Following criticism, B Corp will be unveiling a new set of minimum standards companies must meet to be awarded certification. More details will be revealed in 2026. {Vogue Business}

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