Liz Claiborne Results Raise Questions About Retailer's Future (CNN Money)
"Liz Claiborne's future is being questioned after the fashion retailer posted a sharply wider first-quarter loss and sees a similar performance for the current quarter as the company is stymied by a lack of customers, big markdowns and a low cash position while trying to reignite demand through efforts that include a new namesake line."
Richemont FY Net Profit Down 31%, Extends Share Buyback (WSJ)
"Swiss luxury goods maker Compagnie Financiere Richemont SA Thursday said its net profit for the fiscal year dropped by 31% and reiterated a cautious outlook, but said it would extend a share buyback."
Anna Wintour Addresses Rumors About Leaving Vogue and More (NYMag)
"In a rare public appearance, Anna Wintour spoke to Jonathan Tisch at the 92nd Street Y last night. Topics included how Vogue stays relevant in the recession and how to look good without spending a lot of money."
When No One Wants to Look Like a Banker (New York Times)
"While double-digit declines have hit much of the retail sector, one of the few pieces of good news is one of the most surprising. In a reversal of every recession in the last 100 years, figures show that men have not cut back on buying clothes as much as women have. They're not buying power suits - they're replacing them."