Milan Woos the New Frugal Luxury Shopper (WSJ)
As a response to global financial panic, conservatism ruled at the Milan shows and  "there is a collective sense that luxury consumers will seek ‘investment’ wardrobes next spring."

Neiman Marcus Sees Bleak Holiday (WSJ)
Neiman Marcus’ quarterly loss has doubled compared to last year signalling a "bleak" holiday sales season to come.

Building fashion empires of their own (IHT)
In the emerging markets, fashion empires akin to LVMH are being built.

Gap Buys Athleta Chain (WWD)
As an initiative to break delve into athleticwear, Gap buys Athleta.

 Missoni Spring/Summer’09, photo courtesy of Coutorture.com