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This week, we take a look at the fashion brands wising up to professional baseball’s growing influence on culture. While basketball remains the sport of choice for most fashion collaborations, the popularity of baseball and its players is growing enough that fashion brands are starting to take notice.

On Monday, Target introduced the Party Shop, an online and offline curated assortment of holiday occasion-focused apparel. It’s an evolution of Target’s Dress Shop, a similar experience that centralized all of Target’s dresses and grouped them by style, length and occasion. The Dress Shop drove dress sales at Target to increase by a double-digit percentage this year, and the company hopes the Party Shop will do the same for party attire.

The proposition passed with 70% of the vote in California on Tuesday night. It will undo several of the provisions set in a 2014 law that downgraded the punishment for various petty crimes like shoplifting and drug possession. The new law will increase those punishments in an effort to curb shoplifting and the spread of drugs like fentanyl.

During the DTC wave in the 2010s, the cashmere brand Naadam was one of the premier names. But according to co-founder and CEO Matt Scanlan, Naadam has always been an omnichannel brand.

On Friday afternoon, the brand announced an $825 million funding round led by General Atlantic and Stripes. General Atlantic invests in major consumer brands like Athletic Brewing Company and Shein, while Stripes is the investor behind brands like On Running, Erewhon and Khaite.

CEO James Reinhart told Glossy that ThredUp's new head of social commerce will establish the company's social commerce business and anticipate where consumers are headed. She will also focus on ThredUp’s use of generative AI. ThredUp already has four AI products in market, including a visual search product, an AI stylist and a “complete the outfit” program.

This week, we take a look at the impacts of president-elect Donald Trump’s proposed tariffs, which are already prompting brands to move production and rethink their overseas strategies.

Tapestry, which owns Coach, Kate Spade and Stuart Weitzman, announced its intention to acquire Capri, the owner of brands like Michael Kors, Versace and Jimmy Choo, in August of last year. But a legal challenge from the FTC, led by chair Lina Khan, put up barriers to the acquisition. This month, the acquisition was officially blocked according to a court ruling, and on Thursday, Tapestry formally announced the termination of the deal.

Ulta's loyalty membership has one of the highest penetration rates in beauty, with 70% retention. And it's on track to reach 50 million loyalty members by 2028, a significant boost from its current 44 million. For comparison, Sephora's Beauty Insider program counts 34 million members. Ulta has 1,400 stores and more than 55,000 associates who are key to its focus on cross-generational shopping.

H&M's latest loyalty perk was a surprise concert by Charli XCX of “Brat” fame held in Times Square on Monday night. The concert, a continuation of H&M’s ongoing partnership with Charli XCX, was open to the public, but loyalty members got a heads up about the show ahead of time. Additionally, five members with plus-ones, chosen by sweepstakes, were given a full weekend getaway with hotel rooms and restaurants, paid for by H&M, plus a spot at the concert and pre- and post-show events.