Poland’s new wealthy, Gap rebounds, H&M sourcing woes, Social retailing, Bengali style setters

Warsaw skyline | Source: Travelpod

A market for the newly wealthy (FT)
“Luxury is a relative concept. In Poland just over two decades ago, it was the height of luxury to have a steady supply of toilet paper, a washing machine and a few US dollars to buy some stick deodorant at a Peweks hard currency shop.”

Gap Channels Best Quarter With Banana Republic’s Mad Men (Bloomberg)
“Clothing based on the 1960s ‘Mad Men’ styles of Don Draper and Peggy Olson helped Banana Republic post its best first-quarter sales ever this year. Now the Gap Inc. brand is teaming up with a name designer – California’s Trina Turk – in an attempt to keep the nascent turnaround going.”

H&M seeks to source more clothes from Bangladesh (Market Watch)
“Swedish fashion retailer Hennes & Mauritz AB, the world’s second-largest clothing retailer, wants to source more products from Bangladesh to take advantage of cheap labor, but unrest and violent strikes present a big hurdle to expansion in the troubled country.”

Social retailing: breathing life back into the high street (Guardian)
“By creating an exhilarating shopping experience, retailers have a chance to entice people back to the high street. However, becoming more profitable will depend on how successful they are in harnessing the mountains of market intelligence that’s out there waiting to be decoded and put to work.”

Fresh From Kolkata, ‘Bengali Style’ Emerges  (IHT)
“Since the 19th century, the Bengali capital, Kolkata, has been known for some of India’s greatest artists. Now, with the rise of fashion designers like Sabyasachi Mukherjee and Anamika Khanna, Kolkata has become home to the fashion industry’s modern-day revivalists of traditional styles.”