Uniqlo.com’s US launch, Coach rebounds, Puma profits slump, Pinault’s POV, Nicola Formichetti

Uniqlo screen shot | Source: Uniqlo.com

Uniqlo.com to the Rescue of Middle America (Business Week)
“Uniqlo, the Japanese clothes giant, launched an online shopping site in the U.S. this week. This may not seem like important news to many, but to a certain American consumer—think very well-dressed, without much money, and living between the coasts—it is like a food drop from a Marshall Plan plane in 1940s Berlin.”

Coach bags an earnings rebound (FT)
“Coach, the upmarket US handbag and accessories brand, reported better than expected first-quarter earnings after a period of flat sales growth and a tumbling share price that had worried investors this summer.”

Puma profit slumps as it tackles weak Europe sales (Reuters)
“Sports apparel maker Puma said it was looking at more cost-cutting measures as it reported third-quarter results below expectations, hit by a slowdown in Europe and China as well as restructuring costs.”

Luxury fashion brands can’t resist e-commerce (Guardian)
“When François-Henri Pinault, chairman and CEO of PPR announced their joint venture with Yoox this Summer, he had some very interesting things to say about the luxury industry and e-commerce.”

An Intellectual Fashion | Nicola Formichetti (AnOther)
Nicola Formichetti is known as one of the most creative minds in contemporary fashion. In less than ten years, he has become one of the most influential voices in art direction and design.”