Style Notes: Coach Beats Expectations; Rachel Zoe Launches Content Studio
In case you missed it.
Coach Beats Expectations [WWD]
Coach is on the up and up. The American fashion house continues to reap the benefits of its turnaround strategy, which has included the removal of Coach products from several department stores and fewer promotions, followed by the high-profile hiring of mega-ambassador Selena Gomez and increasing luxury quality (and price) of its product under the careful eye of creative director Stuart Vevers, who was brought on in 2013. While net sales were down 4 percent due to the aforementioned changes, the company beat Wall Street expectations.
Rei Kawakubo Media Preview Breaks Record [WWD]
More than 600 members of the press turned up at the Met Museum in New York on Monday morning to see the “Rei Kawakubo/Comme des Garçons: The Art of the In-Between," exhibition, setting a record for a media preview at the Costume Institute's annual show. Beginning Tuesday, the Met Store will also have a Met x CDG Pocket shop with 11 exclusive products including NikeLab Air Pegasus 83 for Comme des Garçons sneaker, tees, coats, tote bags and more.
Urban Outfitters' Board Called Out for "Extreme Insularity" [Fortune]
Urban Outfitters has been called out by CtW Investment Group for lack of diversity on its board, which the group is blaming for the company's declining performance over the past few years. CtW sent a letter to shareholders urging them to oust two board members. "For a company that is so reliant on global sourcing and focused on women, it is surprising that the board consists of largely Caucasian males with law and finance backgrounds," writes CtW executive director Dieter Waizenegger. Two of the nine members are women, one being CEO Richard Hayne's wife, Margaret Hayne.
Rachel Zoe Launches Digital Content Studio [Pret-a-Reporter Inbox]
Rachel Zoe's Zoe Report on Tuesday announced the launch of TZR Studios, an in-house, full-service digital content studio, at Newfronts in New York City. TZR Studios will include several series touching on everything from celebrity interviews to beauty tips to red-carpet breakdowns.