Style Notes: Naomi Campbell Gets Her Own Yahoo Show; Style.com Begins Layoffs
A side of fashion to go with your taco Tuesday.
Whispers of layoffs at Style.com have been circulating the Internet since news broke Monday that the Condé Nast-owned site would be transitioning into an e-commerce platform later this year. The editorial content, which was seen as direct competition to Vogue, has already lost deputy editor Noah Johnson as well as fashion market director Rachael Wang, with more layoffs expected to follow in the coming days. [Fashionista]
At its NewsFronts presentation earlier this week, Yahoo announced its latest lineup of shows slated for Yahoo Screen (the company's streaming service) which is set to include I Am Naomi, a show produced by and starring — you guessed it — Naomi Campbell. According to the site, the series will show the supermodel chatting "with the world’s most powerful and influential people.” [Yahoo]
Despite new creative director Stuart Vevers' best efforts, North American sales for Coach have taken a nasty hit. According to retail reports, sales have fallen 23 percent in the fiscal third quarter and shares dropped 6.3%. The company is hoping that when their Stuart Weitzman buyout closes in May, the shoe brand will help to boost revenue once again. [Bloomberg]
Media juggernaut Refinery29 has raised $50 million in Series D Financing, with plans to continue building out their lifestyle content. The company, which was primarily focused on fashion content when it launched in 2004, has plans to "invest heavily in video," as well as to build their brand globally and expand their social media and mobile presence. [TechCrunch]