Tents, but No Circus (NY Times)
"But what the increasingly industrialized Fashion Week now signally lacks is a certain giddy excitement, the fanfare and promise of genius that were common in the days when you could still get close enough to it all to see the greasepaint and smell the sweat... Ms. Roitfeld claimed flatly that fashion is not much fun anymore. 'It’s less light-hearted, less spontaneous,' Ms. Roitfeld said. 'Fashion has become an industry, one that increasingly stifles creation.'"
Saks, Nordstrom Say Luxury Sales Firm (Bloomberg)
"So far so good in the luxury sector, say top executives of Saks Inc. and Nordstrom Inc., as stock markets lurch up and down amid global economic uncertainty.Saks Chief Executive Officer Stephen Sadove and Nordstrom Chief Financial Officer Michael Koppel say sales at their luxury chains are holding up and that they are sticking to their forecasts."
Cult following helps Superdry sales soar (Guardian)
"Shares in SuperGroup rose 7% after the company said total group sales were £54m in the three months to the end of July. Wholesale sales almost doubled on the strength of international demand for the retailer's clothing. SuperGroup listed last year and has divided City opinion, with some investors viewing it is a temporary fashion fad rather than a long-term bet."
The Rising Popularity of Hong Kong's Young Haberdashers (Red Luxury)
"Creativity from an unlikely source — young, ambitious entrepreneurs– is cultivating China’s homegrown luxury industry. Particularly in Hong Kong, where relaxed taxes and government initiatives appeal to new businesses, industrious young men have created a niche market for haberdashery that is earning serious attention."
Paris to sell its young (FT)
"The Council of Fashion Designers of America is taking a page out of the British Fashion Council’s playbook and is bringing 10 of the past CFDA/US Vogue Fashion Fund finalists to Paris Fashion Week. The finalists will be able to use showrooms to help them “expand their international business and increase their presence outside of the United States,” according to Steven Kolb, CFDA chief executive."