1. Apparel is out of fashion: In 1987, the average consumer allocated 5.9 percent of their spending to apparel and services, but by 2017, that had plummeted to 3.1 percent, according to a Deloitte spotlight report last year. – Read More on Retail Dive
2. Victoria’s Secret Struggles Again as Bath & Body Works Keeps Growing: L Brands Inc. – in need of a win after long-time leader Les Wexner has come under fire for his close ties to disgraced financier Jeffrey Epstein – gave investors mixed news Wednesday as profit beat estimates in the latest quarter but Victoria’s Secret continues to struggle. – Read More on Bloomberg
3. RETRO READ: Bath & Body Works Should be Dead, So Why is it Exhibiting "Exceptional" Growth? “Scent is an important, emotional thing for consumers,” Larissa Jensen, beauty business analyst at NPD Group, told Money. “It’s personal. It brings back memories.” – Read More on TFL
4. The Designer Changing Fashion—and Rugs, Luggage, and Bottled Water, Too: More than 100,000 visitors, most of them young, have flocked to see a dress Abloh designed for Beyoncé, a belt he made for A$AP Rocky, and an embossing plate he created for Jay-Z and Kanye West’s collaborative album Watch the Throne. Unreleased prototypes of other products are shown off near rainbow T-shirts designed for Louis Vuitton, where Abloh was named men’s artistic director a year ago. – Read More on Bloomberg
5. The cult scent brand Diptyque is reviving a centuries-old way of wearing perfume: scented jewelry. Of course, scented stick-on tattoos and bracelets aren’t entirely new concepts, as anyone who went to middle school in the 1990s will tell you. – Read More on Fast Co.