ASOS Will Lay Off 100 People; Levi' S Will Drop 63% In The Second Quarter.

01Levi's's parent company's revenue growth slowed to 5% in the second quarter, and the stock price fell more than 7% after the market.

In the three months ended May 26th, the Levi Strauss&CO sales of Levi's parent company increased by 5.4% to 1 billion 310 million US dollars compared with the same period last year, a marked slowdown in the growth rate of 17% over the same period last year, a decline in gross margin to 53.3%, and a net profit drop of 63% to 28 million 200 thousand US dollars. During the period, Levi's men's wear sales increased by 6%, and women's wear sales increased by 16%.

Group CEO Chip Bergh said at a meeting after the earnings report that the slowdown in performance and the decline in profits were mainly related to the currency exchange rate changes and the high cost of IPO. However, the performance of the brand in the Chinese market is positive, and there is still great potential to be explored. The market now accounts for 3% of the total revenue. After the release of the earnings report, the group's share price dropped 7.04% to 23.66 dollars, with a market capitalization of about 9 billion 100 million dollars.

02Skechers will release its second quarter results next Thursday.

The US sportswear brand Skechers has announced that it will release its second quarter results after July 18, 2019. According to fashion business express data, the brand's first quarter sales increased 2.4% to $1 billion 280 million, a record high, but less than analysts estimate of $1 billion 330 million, net profit fell 7.5% to 108 million 800 thousand U.S. dollars. For the second quarter of this year, Skechers expects sales to be between $1 billion 220 million and $1 billion 225 million, which is also lower than analysts' expectations of $1 billion 230 million.

03Vans parent company VF group will release its first earnings report after splitting in July 24th.

According to fashion business news, VF, the outdoor apparel group of the United States, will release its first quarter results in fiscal year 2020 in July 24, 2019, and is the first financial result of the group's spin off of Lee and other jeans business. In the fiscal year ending March 30th, the group's sales rose 12% to $13 billion 800 million and gross margin was 50.7%.

04Christian Louboutin sales fell nearly 5% last year.

In the fiscal year ending August 31, 2018, the total sales of luxury brands Christian Louboutin fell 4.8% to 50 million 200 thousand pounds, gross profit was 20 million 730 thousand pounds, pre tax profits increased 9% to 1 million 200 thousand pounds, and a total of 3 million pounds were paid to shareholders. Christian Louboutin said that the decline in revenue last year was mainly affected by Britain's departure from Europe, but expressed optimism about its future prospects. Following the field of beauty and children's shoes, Christian Louboutin, which started with red shoes, will open a hotel in Alentejo next year in Portugal.

05ASOS will cut 100 employees and the marketing department will be the most affected.

Britain's ultra fast fashion ASOS has said that it will cut some 100 jobs in London headquarters, especially the marketing department. At present, the group has begun negotiations with the employees who have been laid off. In the three months ending February, ASOS sales increased by 13% to 640 million pounds, which is similar to the increase in the first half of fiscal year, which means that the growth of brand performance is slowing down.

06 news that Coty group's acquisition of Kylie Cosmetics negotiations continued.

According to foreign media quoted sources, Coty group plans to buy Kylie Cosmetics with a majority stake of $600 million, and negotiations continue to pay attention to the table. The transaction was followed up by the chairman Peter Harf herself. Up to now, Coty group and Kylie Cosmetics declined to respond to the news.

Due to the weakness in the US cosmetic market, the growth rate of Kylie Cosmetics has slowed down. Last year, sales increased to 9% US dollars to 360 million US dollars. In order to further enhance the brand's market share, Kylie Cosmetics has made cooperation with Ulta Beauty, a multi brand beauty chain retailer.

07 L'OREAL group CEO said China's beauty market is still strong.

Jean-Paul Agon, chief executive of L'OREAL group, said in its acceptance of the financial times that over the past 4 years, the group has doubled its business in the Chinese market, with 35% of its sales coming from China, and the potential of the cosmetics market in the market is still strong, especially high-end cosmetic products. In order to find new growth drivers, L'OREAL group has appointed Fabrice MEGARBANE as the new chief executive of China.

08 Schiaparelli original creative director or will join Dior

According to sources, to the fashion business express, the Instagram account introduction of French designer Bertrand Guyon, who left the advanced custom brand Schiaparelli in April this year, is currently displayed as Dior, and has been frequently shared with Dior related custom stickers for nearly a week. This may mean that he will join the Dior team. Up to now, Dior and Bertrand Guyon have not responded to the news.

09 In less than 1 months, Mexico is also known as Louis Vuitton for cultural possession.

In a letter sent to the world's largest luxury brand Louis Vuitton in July 5th, the Ministry of culture of Mexico pointed out that the design of a chair in the brand Dolls by Raw Edges series is designed by Mexico artist Hidalgo, hoping that the brand can apply the design with Mexico characteristics on the premise of obtaining permission or collaborating with artists. Up to now, Louis Vuitton has not yet responded to this. It is noteworthy that less than 1 months ago, designer brand Carolina Herrera also received a warning letter from the Ministry of culture of Mexico about "cultural possession".

10Tiffany the first exhibition of innovative art and diamond treasures will arrive in Shanghai in 180 years.

According to the fashion business flash, Tiffany & Co., the jewelry and wrist watch brand of the US, will hold the "ingenuity art of Tiffany 180 years' innovative art and diamond Treasures Exhibition" at the Shanghai Fuxing Art Center in September 23rd this year. At that time, more than 300 Tiffany's legendary jewels and treasures will be shown to participants. It is noteworthy that this is the first large-scale exhibition held by Tiffany since its foundation. Tickets for the exhibition will be on sale in September 2019, and the proceeds will be donated to the Shanghai Fosun foundation and its charity project.

11Lady Gaga will launch its first beauty brand Haus Laboratories

American female singer Lady Gaga released a promotional video on makeup on her Instagram account on Tuesday, and revealed that her personal beauty brand Haus Laboratories will be on sale in official website and Amazon in July 15th. According to the fashion business express, as of now, the number of @hauslabs fans in brand accounts is close to 120 thousand, while Lady Gaga has 36 million 210 thousand fans. Extended reading: data analysis: why fashion and beauty brands love Instagram

12 UNIQLO parent company announced the first denim fabric innovation center to the media for the first time.

The fast fashion group of Japan's fast fashion UNIQLO group has jointly held a media campaign with its denim brand J Brand recently. It is the first time to open a media innovation center to the media in California, USA. It has also demonstrated the sustainable development of denim with laser instead of chemicals, and nano bubble spray cleaning. The innovation center was put into operation in 2016, and chief operating officer Masaaki Matsubara expressed the hope of developing the best denim fabric for consumers on the premise of sustainable development.

13 Messi's Department launches "outdoor story" to experience shopping activities.

Messi's department store launched its latest experiential shopping activity "outdoor story Outdoor Story" on Tuesday with the help of Dick's Sporting Goods Inc. and Scotts Miracle-Gro Co.. The selection of the curatorial project will focus on introducing outdoor into the interior, including more than 70 brands and activities, such as indoor gardening studios. This activity will last until September. In the first quarter of this year, Messi store sales fell 0.72% to 5 billion 500 million US dollars over the same period last year, but net profit recorded US $136 million, exceeding analysts' expectations.

14 editor, Tang frost, editor in chief of Instyle excellent home pictorial, will be Vogue Deputy publisher of China.

According to the source, exclusive disclosure to fashion business express, Tang frost, editor in chief of the Instyle excellent home pictorial, will leave in August 2018 and join Vogue China's deputy publisher next month to lead the creative team of Vogue China. According to statistics, Tang cream has also been a fashion editor in weekend magazines, new lines of vision and Numero metropolis.

It is noteworthy that this will be the first major personnel appointment issued by Tang Jie, Vogue's new publisher, after his official appointment this month. Tang Jie is also a publisher of Zhi GQ. He promoted GQ with his team members to become one of the most popular and valuable media brands in China.

15Facebook target the proportion of female employees should reach at least 50% in 5 years.

According to Bloomberg news, Facebook unveiled a new "diversity" target, including doubling the number of female global employees in the next five years and doubling the number of black and Hispanic employees in the United States. By 2024, half of its employees in the United States came from "less representative" groups. Facebook reported in the report that as of the end of March this year, its total number of employees amounted to 38 thousand, of which 36.9% were women.