The measure will be phased in over the next few years and is part of a broader European framework that is increasing regulatory costs for those selling textile products in the EU

Lululemon didn’t literally invent leggings. It did something economically more interesting: it figured out how to sell them for more than $100.

Aspirational consumers are buying less, multi-brand stores are on the decline, and the luxury sector is losing the venues where new brands are discovered.