Saks S/S 09 ad campaign, courtesy of Saks

Saks swings to a loss as demand falters (MarketWatch)
“Saks Inc. swung to a smaller-than-expected first-quarter loss Tuesday after the luxury retailer controlled inventory and expenses amid faltering demand for upscale goods.”

Halston Taps Marios Schwab as Creative Director (WWD)
“Ending one of the most speculated-about searches in recent months, Halston has tapped London-based designer Marios Schwab as its new creative director effective July.” (Subscription required)

Phillips-Van Heusen profit falls but beats Street (Reuters)
“Phillips-Van Heusen Corp, owner of the Calvin Klein brand, said on Tuesday that its quarterly net income fell, hurt by lower sales, but the results were better than Wall Street expected.”

Topshop unveils Kate Moss high summer collection (Drapers)
“Topshop has unveiled its high summer Kate Moss for Topshop collection which hits stores tomorrow.”

Models: Taking Business Into Their Own Hands (Forbes)
“While the supermodels of the ’80s–Linda, Naomi, Christy–were content with walking the runways and playing muse to the likes of Gianni Versace and Karl Lagerfeld, today’s top models have their eye on their own fashion design careers. Say goodbye to the supermodel and hello to today’s model/designer.”