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Must Read: Bloomingdale's to Close San Francisco Centre Anchor Store, ShopMy Raises $77.5 Million To Enter New Ad Categories

Photo: Victor J. Blue/Bloomberg via Getty Images

These are the stories making headlines in fashion on Friday.

Bloomingdale’s to close San Francisco Centre anchor store

Bloomingdale’s is closing its San Francisco Centre anchor store in Union Square, which has been open for nearly 20 years. The location will close in late spring, leaving the city without a Bloomingdale’s. The closest locations are now in Palo Alto and Santa Clara. This move also leaves another large retail space for the San Francisco Centre to fill after Nordstrom exited in 2023. “We are hopeful to be back to serve the San Francisco community in the future and look forward to introducing new ways to provide enhanced service to our loyal local shoppers,” Macy’s Inc. said in a statement. {Retail Dive}

ShopMy raises $77.5 million to enter new ad categories

Influencer marketing startup ShopMy has raised $77.5 million in a Series B funding round co-led by Bessemer Venture Partners and Bain Capital Ventures. This investment values ShopMy at $410 million, up from an $80 million valuation in its most recent round in March 2024, The Wall Street Journal reports. In the past year, the creator marketing business has seen a rise in investments, and spending on influencer marketing is predicted to grow 14.2% year-over-year in 2025, according to research firm eMarketer. ShopMy offers tools that help advertisers manage gifting programs, identify micro-influencers and generate commerce links for influencers in its network to share with followers. {The Wall Street Journal/paywalled}

Pamela Anderson for Elle January 2025.

Photo: Adrienne Raquel/Courtesy of Elle

Pamela Anderson covers Elle

Pamela Anderson is Elle‘s January 2025 digital cover star. Photographed by Adrienne Raquel and styled by Jan-Michael Quammie, she wears a full McQueen outfit with Christian Louboutin pumps and Pandora jewelry on the cover. In conversation with Martha Stewart, Anderson talks her role in “The Last Showgirl” (and her Oscars snub), her no-makeup journey and her life in Ladysmith, Vancouver. Read the full digital cover story here. {Elle}

The Louvre is showing off its epic fashion collection

On Friday, the Louvre opened “Louvre Couture,” the museum’s first-ever fashion exhibit featuring 100 designs dating between 1960 to 2025 from 45 fashion houses and designers. The fashion exhibit takes place throughout the museum’s decorative arts department, which ranges from the Middle Ages to the early 19th century. The Louvre is the latest museum to combine the pop culture appeal of fashion with the world of art, as the Grand Palais recently opened a Dolce & Gabbana exhibit and the Petit Palais will soon open “Worth: The Birth of Haute Couture” honoring Charles Frederick Worth. “It is not easy to enter our museum, especially our collection,” Olivier Gabet, the director of the Louvre’s decorative arts department, told The New York Times. “Our objective is to make more people, different people, younger people, happy, free and relaxed when they come here. We say to them: ‘OK, you love fashion. Fashion is a bridge to us.'” {The New York Times/paywalled}

Burberry sees stronger than expected Q3 sales

Burberry released its third quarter trading update, which showed a 7% decline in retail revenue and a 4% boost in comparable store sales in the Americas. Burberry’s CEO Joshua Schulman has steered the British brand’s turnaround strategy, and he said in a statement that it has “moved at pace to advance our strategy to reignite brand desire, improve our performance and drive long-term value creation.” Though Burberry is still in the early stages of its brand reset, it shared that it is “encouraged” by the customer’s response during the festive period and it is more likely that its second-half results will “broadly offset the first-half adjusted operating loss.” {Burberry}

New SCAD exhibition will spotlight Jeanne Lanvin

The Savannah College of Art and Design FASH Museum of Fashion + Film in Atlanta is opening an exhibit honoring Jeanne Lanvin, titled “Jeanne Lanvin Haute Couture Heritage” that will run from April 4 through Aug. 31. This is the first U.S. exhibition dedicated to the life and work of Lanvin, and it will feature 63 Lanvin designs, fashion illustrations (including 11 originals from the 1928 fall collections) as well as photographs. Dresses and sportswear will be on view, but some pieces are so fragile that they will be displayed horizontally. {WWD/paywalled}

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Source: Fashionista.com