H&M earnings drop, Made in Britain, Vente-Privée slows, Strike a Pose, Kirkwood wins

H&M Spring /Summer 2013 collection | Source: Mixmag

Expansion costs hit H&M earnings (Reuters)
“Hennes & Mauritz, the world’s No.2 fashion retailer, posted an unexpected drop in quarterly earnings, hit by competition in tough European markets and the cost of its expansion drive to take on bigger rival Inditex.”

British-made fashion is back in business (Guardian)
“The unique selling point of these products is, of course, that they are Made in Britain, and all that conjures up, which is quality, credibility and a level of class. Something we British gave up on in favour of piles of three-for-a-tenner tat. Now, recession-bogged consumers are realising their purchasing decisions can make an impact on jobs and industry in the UK.”

Flash sales pioneer Vente-Privee trims U.S. ambition (Reuters)
“Vente-Privee, the French firm that pioneered online sales events, plans to slow down expansion in the United States to become profitable as soon as possible in the highly competitive market.”

How Pose Became the ‘Instagram of Fashion’ (Mashable)
“For fashion lovers, Pose has a few advantages over Instagram. It’s easy to find fashion content, because that’s all users are sharing. Many clothing items are also tagged so that users can track down, and in some cases directly purchase, individual goods.”

Nicholas Kirkwood wins Vogue’s Fashion Fund 2013 (Telegraph)
“Last night, that elephant broke cover: Kirkwood, 32, was named winner of the BFC Vogue Fashion Fund. Worth £200,000, and bankrolled by companies including Tesco, Paul Smith, Marks & Spencer and Debenhams, it is British fashion’s richest award.”