Olympics economy, Discounting in India, Lucky aggregator, Luxury in the Bronx, YSL backlash

Olympic flags on Regent Street | Source: Canada.com

Retailers fear Olympics might ring hollow (FT)
“Optimism that the games would generate a rise in economic activity, to offset the effects of the recession and the eurocrisis, has given way to scepticism as the opening ceremony creeps closer.”

Global luxury brands put up sale signs to woo first-time buyers (Economic Times)
“International luxury brands such as ChanelChristian Dior and Burberry have started discount sales at their outlets in Delhi, Mumbai and other cities to woo first-time buyers as well as to clear inventory.”

‘Lucky’ to Launch Pinterest-Like Aggregator for Style Content (Mashable)
“The Conde Nast-title is planning to launch a vertical powered by user-generated content in mid-August. The vertical, dubbed ‘Community,’ will pull from a pool of bloggers who have applied to have their content featured on luckymag.com.”

In the Bronx, Plans for an Outlet Mall Offering High Fashion (NY Times)
“Now a real estate developer, the Lightstone Group, is looking to build the city’s first upscale outlet mall in the Bronx… If realized, the outlet mall could be a drawing card for a city torn between celebrating one-of-a-kind haute couture at Fashion Week and coveting the sales and convenience of mass-retail suburban malls.”

Facebook Commenters Horrified by the New ‘Saint Laurent Paris’ Logo (The Cut)
“Despite Hedi Slimane’s nod to the label’s past, Facebook commenters have responded to the new logo with vehement hostility.”