Lucky’s new focus, PRL profit doubles, Trouble at American Apparel, Denim accessories, Wearable watercolours

Lucky Brand Jean detail | Source: Light Hack

Lucky Brand Jean detail | Source: Light Hack

New Lucky Brand CEO Seeks Sharper Focus (WWD)
“If the late Gap co-founder Donald Fisher taught Lucky Brand chief executive officer David DeMattei one thing, it’s that retail companies buy inventory and sell inventory… Four months after joining Lucky, DeMattei is applying his 25 years of retail experience gained at Williams-Sonoma, J. Crew, Gap and Banana Republic to turn Lucky around.”

Polo Ralph Lauren Profit Doubles (WSJ)
“Polo Ralph Lauren Corp.’s fiscal fourth-quarter profit more than doubled, and margins rose to a record, but the luxury-goods company warned of pressure from the falling euro and rising raw-material and labor costs.”

American Apparel shares tumble 41% as same-store sales fall (LA Times)
“The Los Angeles clothing company says in reporting preliminary first-quarter results that it may have trouble complying with a credit agreement. It posts an operating loss of $17.6 million.”

Beyond The Blues: Denim Brand Accessories (WWD)
“Accessories appear to be the new frontier for a spate of denim lines eager to increase their exposure and capitalize on brand awareness through such products as shoes, bags, watches and eyewear.”

Are You Wearing a Watercolor? (WSJ)
“Stores and runways this spring are full of clothes with intricate prints—not just flowers but unique, often enigmatic designs resembling artwork. Behind this profusion of patterns is a familiar piece of technology: a printer not unlike the one sitting on your desk.”