Levi's S/S 09 Ad campaign, courtesy of Levi's

Levi’s sees Q1 profits slashed (Drapers)
“Net income at denim brand Levi’s sank by 50% to $48 million (£32m) in the first quarter ended March 1.”

Istithmar provides ‘significant’ loan for Barneys (AP)
“Istithmar World Capital says it has provided a “significant” level of additional capital to support upscale retailer Barney’s New York.”

H&M March Same-Store Sales -3%, Misses Expectations (WSJ)
“Hennes & Mauritz Wednesday posted March sales below expectations, though the broader fashion retail market is showing tentative signs of recovery in some of H&M’s key countries.”

Debenhams set to sign Henry Holland (Drapers)
“Debenhams is in talks to sign up London Fashion Week designer Henry Holland to join its Designers at Debenhams roster.”