In the Black, YSL Plots Ambitious Growth (WWD)
“While the global economic crisis has thrown many high-flying luxury brands into a tailspin, operating under trying circumstances is old hat for the folks at Yves Saint.” (Subscription required)
Rumors Swirl: Is Fall 2009 Olivier Theyskens’ Last Collection for Nina Ricci? (WSJ)
“Since Mr. Theyskens arrived at Nina Ricci in 2006, he has been hailed as a genius by critics. But perhaps in these tough economic times, genius isn’t enough.”
February retail sales crash (Drapers)
In the UK, “like-for-like fashion sales fell by 9.7% in February according to BDO Stoy Hayward’s Like-for-Like Club.”
Retail Sales Show Signs of Life (WSJ)
Americans have started spending again – at discount stores like Wal-Mart.