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Friday, May 22, 2015

News Brief: PoachIt is Shuttering, Condé Nast Reportedly Introducing Fellowship Program

News Brief: PoachIt is Shuttering, Condé Nast Reportedly Introducing Fellowship Program:

Mobile price-tracking service PoachIt has closed. Photo: Paula Bronstein/Getty Images
Mobile price-tracking service PoachIt has closed. Photo: Paula Bronstein/Getty Images
These are the stories making headlines in fashion today.

PoachIt is no more

Price-tracking service PoachIt alerted its customers on Monday that after three years, it is shutting down as of Thursday. This follows the demise of a similar app, Hukkster, which closed down its business last August before coming back to life in April as a daily deals site. {Fashionista Inbox}

Kim Kardashian will be a presenter at the CFDA AwardsSpecifically, she'll give the CFDA Media Award to the founder of Instagram, Kevin Systrom. She announced the news on — you guessed it — Instagram. {Fashionista}

Foreign department stores eyeing China, despite challenges
Brand recognition and heritage are keys to surviving in the country's challenging retail market. Britain's House of Fraser has plans to open three stores there and Macy's is thinking about following suit.  {Business of Fashion}

Has Condé Nast revamped its internship program?

The publishing company, which shut down its unpaid intern program in 2013 after getting hit with a huge lawsuit, is reportedly finalizing plans for a paid, six-month, full-time fellowship program similar to one that Wired already has in place. {Racked}

Kering released its first Environmental Profit and Loss AccountThe luxury conglomerate has released a self-evaluation of the environmental impact made by its brands and suppliers, based on data from 2013. It concluded that 93 percent of the most damaging processes occur towards the beginning of the supply chain, specifically during raw material production.  {Style.com}

More sad news for LuckyFourteen staffers were laid off on Tuesday, including president Gillian Gorman Round, With the announcement that  the print magazine is now quarterly. A joint venture or acquisition is expected this summer. {Fashionista}

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