1. Gucci parent Kering closes half of China stores, takes sales hit from coronavirus: Kering has closed half of its stores in mainland China and the locations that are still open are operating on reduced hours, CEO Francois-Henri Pinault as the company warned investors of a drop in sales. – Read More on CNBC
2. Online luxury fashion retailer MyTheresa reportedly plans NYSE listing: The Neiman Marcus-owned firm, which sells clothes from 250 of the world’s most covetable fashion brands including Prada, Gucci, Burberry and Dolce & Gabbana, may be valued at around $500 million in a potential deal. – Read More on NASDAQ
3. Teens are hacking Instagram into a modern-day eBay: Instagram has made shopping your feed a near-seamless experience, which has spawned an endless stream of brands that only exist on the app. But thrifting accounts, which auction off old clothes on the Facebook-owned app, is a very 2020 part-time job, and it follows in the footsteps of other ways teens use social media apps outside the norm. – Read More on Input
4. Want to know if your clothes are ethically sourced? Theory’s new labeling system is for you. It is currently working with its partner mills to trace each fabric all the way back to its raw materials. By 2025, 100% of its signature fabrics will be traceable. – Read More on Fast Co.
5. Jennifer Lopez Partners With DSW Owner On Footwear Line: Lopez and DSW are forming a joint venture, which represents a step beyond the licensing deals that celebrities are typically involved in. It will give Lopez the chance to earn shares in the company based off of her products’ performance. The deal is structured in a way that puts no cap on how many shares Lopez can own – so if the project pays off, the entertainer could end up becoming an important stakeholder. – Read More on Bloomberg