Next steps at Balenciaga, Rugby no more, M&S profits fall, Amazon ups the ante, New male

Nicolas Ghesquière by Alessandro Garofalo | Source: Style.com

What Next For Balenciaga? (Vogue UK)
“CEO Isabelle Guichot has confirmed that she has ‘a shortlist’ of potential candidates to succeed creative director Nicolas Ghesquière, following yesterday’s confirmation that he would be parting ways with the brand. The designer has acted at the helm of Balenciaga for 15 years.”

Ralph Lauren kicks its ‘preppy look’ Rugby label into touch (Independent)
“It’s the all-American style which allows shoppers across the world to dress like wealthy Ivy League students. But could our love affair with “preppy” clothes be waning? US fashion giant Ralph Lauren today announced that it was closing its Rugby label, which specialises in high-end college wear, by the end of 2013.”

Marks & Spencer’s first-half profits fall for second year running (Guardian)
“Marks & Spencer has reported a drop in first-half profits for the second year in a row after it paid the price for missing key fashion trends in womenswear earlier in the year.”

Amazon is opening a New York photo studio for fashion (LA Times)
“Amazon.com knows that to sell high fashion through the Web, it can’t depend on attentive salespeople, plushy boutiques or free-flowing glasses of champagne to loosen wallets. Online, it’s all about the photos. So the online retail giant… Said it has rented a 40,000-square-foot New York City studio to snap photos of its fashion apparel and accessories.”

The new male fashionista (Guardian)
“At online menswear store Mr Porter, the personal shopping team receive emails from customers straight after fashion shows expressing interest in looks they spotted on the catwalk. Buying manager Terry Betts reports that in 18 months of trading, Mr Porter has seen the emergence of a new ‘really strong fashion guy.’