Is Thom Browne Going Downe? (Blackbook)
With lavish spending on tailors and elaborate shows, Thom Browne’s business may be amongst the first high-profile independent designers to face financial difficulties as demand for his high-priced shrunken suits wanes.
Breaking into the West is hard to do (IHT)
Due to Indian designers “lack of Western-style business structure and of financial support” their effort to break out of the local market is being hampered.
H&M profits hit by currency turmoil (Drapers)
“H&M saw first quarter profits fall back 12% to SEK 3.5 billion after gross margin was hit by currency fluctuations.”
America’s Favorite Foreign Retailers (Forbes)
In terms of market share, foreign retailers are closing in on American stores.
Turning a Page (Newsweek)
“In response to tough times, the fashion business discovers inclusiveness.”