
Photo: Courtesy of The Ordinary
These are the stories making headlines in fashion on Friday.
The Ordinary to open its first store in Los Angeles
Skin-care brand The Ordinary will open its first Los Angeles store on Aug. 22. in the Westfield Century City mall. Throughout the opening weekend, the brand will be offering free customizable tote bags by local artist Mr. Hoodbrush as a gift with purchase, while supplies last. {Fashionista inbox}
LuisaViaRoma files for court protection
Amid internal financial restructuring following unpaid bills, falling sales and a downgraded S&P status, luxury fashion retailer LuisaViaRoma has filed for court protection from creditors. Similar to a Chapter 11 filing in the United States, Italian businesses that are fiscally struggling can file for court protection against creditors when legal action over unpaid invoices is threatened. Gianvito Rossi and Moschino Kids are just some of the brands that have filed debt collection orders against the company. {Business of Fashion}
Are paparazzi shots of movie sets ruining the fun of on-screen fashion?
Not a day goes by without a new on-set image from “The Devil Wears Prada” sequel appearing on social media. Although it’s fun to see a sneak peek of such a highly anticipated movie, do these first looks ruin the fun of the formal reveal in the actual, finalized film? For Vogue Business, José Criales-Unzueta unpacks this question, citing images from “And Just Like That,” “American Love Story” and more. {Vogue Business}
Coach CEO talks navigating tariffs
In a new interview with Glossy, Coach’s CEO Todd Kahn talks about navigating the sudden end of the U.S. “de minimis” exemption for low-cost imports, potential profit cuts due to U.S. tariffs, supply chain chaos, possible price hikes and more. “We will keep up with inflation, but ultimately, we want to be top of mind for that young consumer, particularly the woman going from college to her first job,” he says. “I [may] have to take a bag up $10 or $15, but it’s not going to be hundreds of dollars to capture the same margin.” {Glossy}
Economists are not sold on the rise of U.S. retail sales
Despite U.S. retail sales rising in July in a broad-based advance, experts are pointing out that U.S. consumer sentiment then unexpectedly fell in early August, calling out the durability of consumer spending. Wells Fargo & CO. economist Shannon Seery Grein says, “When you take that in light of continued tariff uncertainty and just the jobs data that we’ve gotten of late, I do think that a softer consumer trend is probably most likely in the second half of the year.” {Bloomberg}
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