Tentative turnaround, Embracing the web, Gucci JV approved, Liberty for Target, Return of illustration

Sacks Fifth Avenue Christmas Lights | Source: Philips

Saks Fifth Avenue Christmas Lights | Source: Philips

Luxury’s turnaround? Maybe not quite just yet (Market Watch)
“It may be too early to call a turnaround in the luxury-retail sector. Despite expectations that high-end shoppers are gradually coming back to stores and with retailers such as Macy’s and Saks indicating some improvement, the latest data suggest that the battered sector may need to do more to prove this pickup in momentum can be sustained.”

From catwalk to laptop, fashion houses embrace web (Reuters)
“Increasingly fashion brands are shifting their communication budgets to the Web, and have a greater understanding of its potential and in particular they now are all requesting an online store.”

Indian Government allows Gucci to pick up 51 percent stake (Business Line)
“Italian designer goods maker Gucci can now go ahead with its plans to enter the Indian retail market through single brand stores with the Government allowing it to pick up a majority stake in its Indian franchisee Luxury Goods Retail Pvt Ltd.”

Liberty of London to team up with Target (Drapers)
Liberty of London, the brand famed for its prints and owned by department store Liberty, has confirmed it has signed a deal with US value chain Target to create a range of clothing and accessories for the store.”

What a Lens Can’t Capture (NY Times)
“A gesture can speak volumes, something few people grasp as viscerally as does Blue Logan, a London-bred fashion illustrator… Mr. Logan, 29, is but one in a clutch of young artists to have snared the attention of the style world and, in the process, revitalized an art form that has long been eclipsed by photography.”