Magaschoni in Neiman's June Fashion Book | Source: Neiman Marcus

Neiman gains from luxe spending but Euro worries persist (Reuters)
“The operator of Neiman Marcus and Bergdorf Goodman stores said it is monitoring Europe’s debt crisis and has yet to see vendors there pass on gains from a weak euro. Neiman also noted that a weak euro could negatively impact travel to New York.”

Inditex Beats Views As 1Q Sales, Margins Jump (WSJ)
“Spain’s Inditex, the fast-growing owner of the Zara retail chain, Wednesday reported a 64% jump in first-quarter net profit, as shoppers snapped up its chic yet cheap spring and summer garments, and it continued global expansion.”

Luxury brands feel talent pinch (Economic Times)
“Entering the Indian market may have seemed an attractive proposition for luxury brands, but there’s one thing they didn’t bargain for: manpower challenge.”

Gucci’s Luxury Packaging Gets a Green(er) Makeover (Treehugger)
“Gucci has kept their word (following their pledge back in November to reduce paper use) and announced yesterday that all of their luxury packaging has been newly designed with FSC Certified paper and is now 100% recyclable.”

Sally Singer Moves to T (WWD)
“Bye, Anna, hello, Bill. Sally Singer said as much Tuesday morning when The New York Times confirmed the Vogue fashion news/features director would be the next editor in chief of T: The New York Times Style Magazine.”