Versace closes in Japan, Legal fashion, Parisians queue for Uniqlo, High street exploitation, Retail deflation

Versace A/W 09 ad campaign | Source: Versace

Versace A/W 09 ad campaign | Source: Versace

Versace to Close Japan Stores, Will Review Strategy (Bloomberg)
“Gianni Versace SpA will close its Japanese stores and review its entire business strategy, as demand for luxury goods declines in the world’s second-largest economy.”

Developing their fashion sense (Globe and Mail)
“New York Fashion Week, a semi-annual sea of runways under tents in that city’s Bryant Park, is one of the last places you’d expect to see lawyers from a Bay Street firm. Yet that’s exactly where Len Glickman and his team from Cassels Brock & Blackwell LLP make a point of mingling with the world’s fashion heavyweights.”

Parisians Waiting in Rain to Fuel Uniqlo’s Growth (Bloomberg)
“While celebrities watched models strut down catwalks during fashion week in Paris, dozens of people queued in the rain to buy 40-euro cashmere sweaters at the newly opened Uniqlo store in the city’s Opera district.”

High street brands accused of exploiting Asian workers (Guardian)
“High street British brands are being accused of exploiting factory garment workers in Asia by failing to pay them enough to live off in a report published today.”

Clothing and footwear deflation increases to 5.7% (Drapers)
“Shop prices have fallen on a year ago and were deflationary for the second consecutive month, according to the British Retail Consortium-Nielsen Shop Price Index.”