Gap’s re-invention, Liz Claiborne losses, Fashion’s Night Out, UK high street rescue, Fashion becomes ‘useful’

Born to Fit, the new facebook page launched by Gap

Born to Fit, the new Facebook page launched by Gap

Covering Many Bases for a Brand of Blue Jeans (WSJ)
“The British say “Mind the gap,” but in this country it has been a while since shoppers minded what Gap was selling. The Gap division of Gap Inc. was struggling even before the recession, which has persuaded consumers to cut back significantly on clothing purchases.”

Liz Claiborne Loss Widens More Than Analyst Estimates (Bloomberg)
“Liz Claiborne Inc., the maker of Lucky Brand jeans and Kate Spade handbags, reported a second- quarter loss that widened more than analysts estimated on restructuring costs and shrinking sales.”

Fashion World Moves to Damp Sale Frenzy (WSJ)
“Next week begins the media blitz for Fashion’s Night Out-a global pep rally sponsored by two fashion icons, Anna Wintour and Diane von Furstenberg.”

Government pledges £3m to regenerate UK high streets (Drapers)
“The Government has unveiled a £3m fund to help regenerate high streets which have been hit by the recession.”

Fashion learns to make itself ‘useful’ (Macleans)
“The thrift-driven zeitgeist is full of phrases like ‘shopping in your closet,’ which is horrifying to retailers and manufacturers.”