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☆ Zara founder buys Seattle skyscraper for $323 million
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: +1 min

MADRID, Dec 15 (Reuters) - Spanish billionaire and Zara founder Amancio Ortega has bought a residential skyscraper in Seattle for $323 million, his private firm Pontegadea said on Thursday. Ortega, the main shareholder of fashion giant Inditex (ITX.MC) and one of the world's 30 wealthiest entrepreneurs, signed the deal yesterday through his family office, Pontegadea added. Kiara tower, located in Seattle's South Lake Union neighbourhood in the United States, has 461 luxury apartments and is 133 metres tall. The purchase follows a $500-million investment in a 64-floor skyscraper of luxury apartments in New York's Financial District. Just this year, Ortega's investment vehicle also bought Royal Bank Plaza, a landmark skyscraper in Toronto, and one of the largest single-office buildings in Scotland.

☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
▼ + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com time to read: +36 min

From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.

☆ UBS says PVH can rally more than 35% as Tommy Hilfiger parent transforms its business
▼ + stars: | 2022-12-08 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

The fashion company behind brands such as Calvin Klein and Tommy Hilfiger should be in vogue for investors heading into 2023, UBS said Thursday. He said the market is too focused on macro and foreign exchange challenges to understand how PVH can drive relative outperformance compared to competitors. The main driver of its performance will be the "PVH+ Plan," which has the goal of making its brands premium, direct-to-consumer and global that move out of wholesale. On a more technical level, Sole said the company is also a top pick because of its "very attractive valuation." But he said fundamentals would improve along with the stock value, as the PVH+ Plan would help bring the operating margin up to 15% in 2025 from 8.5% in the 2022 fiscal year.

☆ Zelenskyy's TIME Person of the Year Award is proof that resilience is the most important trait any leader can have
▼ + stars: | 2022-12-07 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +12 min

He embodies valor and resilience, traits business leaders should exhibit in tough times. The Ukrainian leader's speaking style is characterized by short sentences, vivid imagery, and empathy, all of which make him effective. A 2021 research paper published in the Academy of Management Journal found business leaders who led by example boosted productivity in their businesses. Some of the most convincing business leaders of our time have leaned into emotion when making key arguments. "President Zelenskyy remains focused on his core assignment.

☆ Valentino designer Piccioli, model Bella Hadid win at Fashion Awards
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +1 min

[1/2] Designer Pierpaolo Piccioli and his wife Simona Caggia pose on the red carpet at the Fashion Awards 2022 in London, Britain, December 5, 2022. REUTERS/Henry NichollsLONDON, Dec 5 (Reuters) - Valentino designer Pierpaolo Piccioli and model Bella Hadid were among the winners at the Fashion Awards in London on Monday. Piccioli, who is creative director of the Italian luxury brand, was named designer of the year at the annual event. Hadid, a regular on the catwalks of fashion capitals Milan, Paris, London and New York took the title of model of the year. "To me fashion has a responsibility, I feel (I) have a voice and I want to use my voice even for who doesn't have a voice," Piccioli told Reuters on the red carpet before the awards.

☆ The 13 Best Winter Hats for Women, According to Style Insiders
▼ + stars: | 2022-12-01 | by ( ) www.wsj.com time to read: +6 min

By Leah Melby ClintonNecessary essential or fashion statement, a winter hat is a wardrobe must, period. Below, a breakdown of the four big winter hat trends this year, with the pros’ specific picks that combine warmth and sartorial elan. The perfect wool beanieAcne Studios Appliquéd Ribbed Wool Beanie $170 at Net-A-PorterA knit beanie is a wardrobe staple, and this 100% wool version from Acne was mentioned by multiple style pros. Retro-modern bucket hatA ’90s throwback moment enveloped the fashion industry this year, with the return of the bucket hat. Chic cashmere beanieThis warm all-cashmere style was a constant in Sanford’s wardrobe when she lived in the Northeast.

☆ Analysis: Out of fashion: Gucci faces daunting task to replace top designer
▼ + stars: | 2022-11-25 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

[1/4] Gucci's designer Alessandro Michele arrives at the "Green carpet Fashion Awards" event during the Milan Fashion Week in Milan, Italy, September 24, 2017. Tensions had been high between the designer and company management, sources told Reuters. Kering chairman and CEO François-Henri Pinault lauded the designer's tenure as "an outstanding moment" in Gucci's history. Gucci falls out of fashionFURRY LOAFERSMichele, 49, reinvigorated the brand with his eccentric, gender-fluid styles popular with younger shoppers. China generates around 35% of Gucci's annual sales, according to Barclays estimates, compared to 27% for LVMH's fashion and leather goods division and 26% for Hermes.

☆ Abercrombie sees better holiday-quarter sales, posts surprise profit
▼ + stars: | 2022-11-22 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

The Ohio-based apparel retailer's shares that have lost nearly half of their value this year were up about 19% after the company also reported third-quarter sales above Wall Street estimates, defying inflation's impact on non-essential spending. Chief Executive Officer Fran Horowitz in a post-earnings call said the company expects the fourth quarter to "mirror more pre-pandemic" holiday. Abercrombie, however, said there was a little bit of softness in demand during late October and maybe into the first week of November. Abercrombie expects fourth-quarter net sales to fall about 2% to 4% in fiscal 2022, compared with analysts' average estimate of a 6.3% drop, according to Refinitiv IBES data. Excluding items, it reported a profit of 1 cent per share in the third quarter, compared with estimates of a loss of 16 cents.

☆ Abercrombie posts surprise profit, sees better holiday-quarter sales
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Abercrombie & Fitch Co (ANF.N) on Tuesday posted a surprise third-quarter profit and forecast a smaller-than-expected drop in current-quarter sales as it remains "cautiously optimistic" for the holiday season. The Ohio-based retailer's shares were up about 14% in premarket trading after the company also reported better-than-expected third-quarter sales even as inflation dampened discretionary consumer spending. Abercrombie expects fourth-quarter net sales to fall about 2% to 4% in fiscal 2022, compared with analysts' average estimate of a 6.3% drop, according to Refinitiv IBES data. Excluding items, Abercrombie reported a profit of 1 cent per share in the third quarter, compared with estimates of a loss of 16 cents. The company's net sales fell 2.8% to $880.1 million, but beat estimates of $831.1 million.

☆ Disabled Shoppers Struggle With Inaccessible Self-Checkouts
▼ + stars: | 2022-11-21 | by ( Katie Deighton | ) www.wsj.com time to read: +8 min

Stores’ self-checkout machines can annoy shoppers with error messages about unexpected items in the bagging area and other hiccups. PREVIEWThe problem is spreading as companies continue to install self-service transaction machines around the world, some disabled people and disability-rights activists say. The Baltimore-based organization last year worked with McDonald’s Corp. to upgrade its self-service kiosks so that they could be used independently by blind people. Walmart said its self-checkout system was accessible because staff had been trained to help disabled customers use it. Steps toward potential regulationsThe U.S. is looking into the possibility of creating regulations for the accessibility of self-service checkouts and ordering systems.

☆ As shoppers flood back into stores, retailers are scrambling to merge e-commerce and in-store experiences
▼ + stars: | 2022-11-15 | by ( Danni Santana | ) www.businessinsider.com time to read: +6 min

Retail entered into a new normal in 2022 — one where shoppers returned to stores in droves. Nike, Walmart, and startups like Tradeblock are developing new ways for consumers to shop. But unlike pre-pandemic times, consumers are now looking at brick-and-mortar as an extension of retailers' online offerings, rather than a siloed part of the business. Some of the most innovative brands like Nike, Walmart, and startups like Tradeblock are developing new ways for consumers to shop in-store and online. Each is unlike the company's previous retail stores.

☆ Fashion Giants Vow to Buy More Recycled Fibers in Boost to Sustainable-Textile Mills
▼ + stars: | 2022-11-14 | by ( Dieter Holger | ) www.wsj.com time to read: 1 min

Fashion companies are planning to buy more recycled fibers as part of a wider trend of businesses using their spending power to foster innovative, low-carbon suppliers. Owners of fashion brands H&M, Zara, Gucci and Stella McCartney were among companies that said Monday they would collectively buy 550,000 metric tons of alternative fibers to make textiles and packaging, such as those made from agricultural residues or recycled materials. The planned purchase represents only a small portion of their total output and no deadline...

☆ Guy Fawkes Night: What those fireworks and bonfires are all about
▼ + stars: | 2022-11-05 | by ( Francesca Street | ) edition.cnn.com time to read: +11 min

CNN —Every year on November 5, skies across England, Scotland and Wales are illuminated by fireworks as Brits head out into the night to enjoy Guy Fawkes Night celebrations. Also called Fireworks Night or Bonfire Night, this autumn tradition has been a staple of the British calendar for the past 400 years. A photograph from 1955, depicting children at a school in Surrey, England, preparing the Guy Fawkes Night bonfire. What’s Guy Fawkes Night like today? Lewes Bonfire Night celebrationsEffigies of former UK prime minister Boris Johnson and fellow UK Conservative politician Jacob Rees-Mogg are paraded through the streets of Lewes during traditional Bonfire Night celebrations in 2019.

Persons: Guy Fawkes, Guido Fawkes, Fawkes, Tudor King Henry VIII, Robert Catesby, Catesby, King James I, James Sharpe, Sharpe, ”, What’s Guy Fawkes, Ronald Hutton, ” Hutton, Hutton, That’s, you’re, Boris Johnson, Jacob Rees, Mogg, Peter Summers, it’s, that’s, “ They’re, Donald Trump, “, Mary, Phil Clarke Hill, Ottery, Mary’s, Patrick Kinsella, parkin, there’s, –, Alexandra, Chris J Ratcliffe, Hallows, Halloween’s, you’ll Organizations: CNN, Getty, Catholic, of, London, University of York, CNN Travel, Conservative, Lewes, Lewes Bonfire Society, Alexandra Palace, Celtic, Battersea Power Locations: England, Scotland, Wales, of England, Surrey, Britain, Lewes, Zulu, Lewes . The, spectate, Ottery St Mary, Devon, Ottery, North America, In Yorkshire, Lancashire, Yorkshire, London, Northern Ireland, Republic of Ireland, Ireland, York, South, Battersea

☆ This 26-year-old college dropout's clothing company brings in $27,000 a month—and NBA players wear his designs
▼ + stars: | 2022-11-05 | by ( Megan Sauer | ) www.cnbc.com time to read: +7 min

Before his streetwear brand BrownMill took off, Justis Pitt-Goodson designed, sewed and sold his own bow ties to his middle school peers. In high school, Pitt-Goodson and two friends built the idea for the streetwear brand. The company attracts NBA players as customers and brought in $327,000 in revenue last year, according to documents reviewed by CNBC Make It. Courtesy of Justis Pitt-GoodsonAfter befriending his two future business partners, Taha Shimou and Kwaku Agyemang, in high school, Pitt-Goodson studied business management at Rutgers University-Newark. The brand brought in $86,000 in 2020, enabling the founders to put down a $7,000 deposit on a Newark storefront that opened in June 2021.

☆ Tesla stock has dropped more than 35% since Elon Musk first said he'd buy Twitter
▼ + stars: | 2022-11-04 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

(Photo by Gotham/Getty Images)Since Tesla CEO Elon Musk announced his bid to buy social network Twitter , shares in his electric vehicle maker have dipped by more than 35%, and closed down just 3.6% for the day on Friday, amid a market rally that followed a volatile week. Musk first announced he had agreed to buy Twitter on April 25, 2022. Tesla shares closed that day at $332.67, and closed today at $207.47 capping his first full week of Twitter ownership. He has not said who, if anyone, may replace him as Twitter CEO, although he has told followers on Twitter that his position as sole director and CEO of the social network is temporary. Musk's ownership of the social network has caused some automakers, including GM and Audi, to pause ad spending there.

☆ Is the future of fashion digital?
▼ + stars: | 2022-11-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs the future of fashion digital? On assignment at Arab Fashion Week 2022 in Dubai, CNBC's Dan Murphy hears how Meta is working alongside the fashion industry and speaks to designers looking to expand their businesses digitally.

☆ Etsy shares pop on revenue beat, rosy guidance
▼ + stars: | 2022-11-02 | by ( Annie Palmer | ) www.cnbc.com time to read: +2 min

Etsy shares surged as much as 10% in extended trading Wednesday after the online marketplace's third-quarter revenue and earnings outperformed expectations. Here's how the company did:Earnings: 58 cents per share, adjusted, vs. 36 cents per share, as expected by analysts, according to Refinitiv. 58 cents per share, adjusted, vs. 36 cents per share, as expected by analysts, according to Refinitiv. Revenue: $594.5 million vs. $565 million as expected by analysts, according to Refinitiv. For the fourth quarter, Etsy said it expects to report revenue between $700 million and $780 million, and gross merchandise sales of $3.6 billion to $4 billion.

☆ The Best Shoes for Standing All Day
▼ + stars: | 2022-10-29 | by ( ) www.wsj.com time to read: +6 min

By Leigh-Ann JacksonOn those busy work or travel days when you barely get a chance to sit, a comfortable pair of shoes can be your saving grace, keeping blisters and back pain at bay. The best stylish and comfortable shoes for womenSupportive slip-onsRothy’s footwear collection is known for its flexible and breathable knit fabrication, which comes in handy if you’ll be spending all day in a pair. The brand’s shoes already come standard with cushy layers of jute, cork, latex and suede lining in their footbeds. The best stylish and comfortable shoes for menOffice-ready pickThis Cole Haan option could quite possibly be the perfect workplace shoe, according to Peter Nguyen, Brooklyn, N.Y.-based personal stylist and founder of The Essential Man. “They have this knit fabric and cushioning that just wraps around your foot,” he says, and also appreciates the shoes’ terry-lined tongues and padded heels.

☆ Elon Musk carried a sink into Twitter on Wednesday as deal nears close
▼ + stars: | 2022-10-26 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, May 2, 2022. Musk has until 5 p.m. Eastern Time on Friday to complete his deal to buy Twitter or again face the proposition of going to trial. A Delaware Chancery Court judge set the Friday deadline after Musk said he would be willing to buy Twitter after all. The judge ended up postponing the original trial set for last week and gave the parties until the end of this week to close to deal, or else she would set new trial dates for November. WATCH: How Elon Musk's Twitter takeover plans shook Wall Street and social media

☆ Yeezy without the Ye? Who is new ‘sole’ owner
▼ + stars: | 2022-10-25 | by ( Jon Sarlin | ) edition.cnn.com time to read: +7 min

While the Adidas statement definitively closes the door on selling Yeezy branded products, according to legal experts I talked with, it opens the door for them to rebrand the existing Yeezy designs sans Ye. Haff told me that the “sole owner” sentence in Adidas statement is a legal “warning shot” to Ye. Could Ye now build out his own Yeezy fashion brand? Adidas’ Yeezy sneakers were some of the most coveted and influential shoes, often selling for thousands of dollars on the resale market. Last month, Cowen analyst John Kernan estimated that the Yeezy brand accounts for 4 to 8% of Adidas’ overall revenues.

☆ Not every hiring manager expects a thank-you note. But here's why you should always send one.
▼ + stars: | 2022-10-24 | by ( Rachel Durose | ) www.businessinsider.com time to read: +5 min

Sending a thank-you note is a way to express gratitude for an interviewer's time. They agreed that sending a thank-you note is a great way to do just that. A thank-you note shows interestSending a thank-you note shows employers that you're interested in the position, Stacy Moore, a career coach for the online-education platform Emeritus, said. Additionally, when sitting down to write your thank-you note, consider whether an email is better than a physical note. "I recommend following up quickly — within 24 hours of the interview — with a personalized thank-you note," Moore said.

☆ An antitrust battle over GIFs could be a wake-up call for Silicon Valley
▼ + stars: | 2022-10-20 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

But a long-running legal battle over who can control access to them, culminating this week in a rare defeat for Meta (META), the parent of Facebook, could have major ramifications for Big Tech regulation. On Tuesday, UK regulators forced Meta to unwind its 2020 purchase of Giphy, one of the largest searchable internet libraries of GIFs. “The Citadel may have been breached,” said Joel Mitnick, an antitrust attorney at the law firm Cadwalader, Wickersham & Taft. The company said this week that it will continue to explore acquisitions despite the UK ruling. And US courts don’t typically take foreign antitrust rulings into account; their job is to interpret US law.

☆ My logistics company operates warehouses in 2 of the sector's hottest markets. We made 8 figures in revenue last year thanks to the boom in e-commerce.
▼ + stars: | 2022-10-19 | by ( Jenny Powers | ) www.businessinsider.com time to read: +7 min

After 20 years of working in transportation and third-party logistics distribution for organizations like Airborne Express and DHL, I started Boxzooka in 2014. During the pandemic, some clients had to close their brick-and-mortar stores, but they also saw a boom in e-commerce businessHeegan. At the same time, stay-at-home orders resulted in consumers turning to online shopping, which led to a significant boom for our e-commerce clients. We've leased multiple spaces in the last 7 yearsWe first leased space in Secaucus in 2015. When we leased the Harrisburg space, the market was just starting to warm up, but nothing like Secaucus.

☆ For 12 years, Nike has reigned supreme with teens as their favorite clothing brand
▼ + stars: | 2022-10-14 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +3 min

Nike is the most popular clothing brand for teenagers in the US, according to a semiannual survey. Nearly a third of Gen Zers identified the brand as their favorite. The investment banking firm surveyed 14,500 teens about their brand preferences, behavior, and habits for the fall 2022 study, and 31% ranked Nike as their favorite clothing brand, up from 30% in spring 2022. Below are the five clothing brands American teens most prefer to deck out in. A push for 'casualization'In 2019, Insider asked 1,800 young Americans about their favorite places to shop for clothing.

☆ 4 business casual staples to build your work wardrobe on any budget
▼ + stars: | 2022-10-12 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

When Casey Schow started his new job at Neighbor, a self-storage company based in Lehi, Utah, he figured he had to dress to impress. Schow chose a crisp button down and a pair of slacks for his first day in the office as Neighbor's PR and communications lead in June 2021. Imagine his surprise, then, when Schow walked into the office and half of his co-workers were wearing T-shirts and flip-flops. "I definitely felt overdressed, even though that outfit is something I would have worn to work every day before the pandemic." Revamping your professional wardrobe can add up — but you can prepare for returning to the office without overspending by investing in a couple of key pieces that will help you nail the "business comfort" look.

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