Fast retailing profit jumps, M&S plunges, Skinny jeans, Fashion darling, Uncomfortable truths

Uniqlo Spring/Summer 2013 Men's Lookbook | Source: Uniqlo

Uniqlo-parent lifts forecast as Q1 profit jumps (Reuters)
Fast Retailing Co raised its annual profit forecast to a record after sales rose at home outlets of the Japanese retailer’s flagship Uniqlo casual clothing chain and price cuts and chilly autumn weather spurred a quarterly profit jump.”

Marks & Spencer loses £270m stock market value (Guardian)
“Almost £270m was wiped off the stock market value of Marks & Spencerafter it rushed out poor Christmas sales figures on Wednesday night. Growing fears of a damaging boardroom split sent shares in M&S down by over 4.5% on Thursday, to 353p, as the City gave its verdict on the disappointing performance at Britain’s biggest clothing retailer over the festive season.”

Skinny jeans: the fashion trend that refuses to die (Guardian)
“Once you start seeing skinny jeans, it’s pretty hard to stop. And the more you see of them, the clearer this becomes: the jeans might be narrow, but it’s a broad church living in them.”

From England, Fashion’s Latest Darling (NY Times)
“If fashion muses bloom in the dead of winter, as ateliers begin to hum with sewing machines preparing for the Fall 2013 collections, the singer Rita Ora might be a particularly flamboyant breed of English rose. At 22, Ms. Ora, the prized protégé of Jay-Z, has been rapidly winning over designers with her carefree style: a blend of hip-hop, designer bling and ’90s Gwen Stefani.”

10 Things Everyone Thinks About The Fashion Industry (Complex)
“There are plenty of things you can say about the fashion world, but rarely do we have the time to take a break and really talk about them. This feature is not to simply hate on aspects of the industry, but to give some thought to the uncomfortable truths that are easier, but not always best, left ignored.”