Turning point for Gap as 200 stores close worldwide (Independent)
"Chairman and CEO Glenn Murphy has announced that Gap is to close 200 of its 900 worldwide stores by 2013, and focus on modernising its signature look. He also admitted that Gap had not tried hard enough to attract ethnic minority customers in the US."
Luxury goods firms fear effect of Japanese disaster (Guardian)
"Shares in some of the world's biggest luxury goods companies including Louis Vuitton owner LVMH, Hermès and Burberry have tumbled on concerns that high-spending Japanese consumers will stop shopping as a result of the disaster."
The Kate effect: Her impact on fashion is huge (Daily Mail)
"Fights over her earrings. The £650 trench coat that sold out within in a day. The red twinset that caused a stampede in a shop. With waiting lists for her outfits, how Waity Katie took on a whole new meaning..."
Tod's hikes dividend after strong US, Asian sales (Reuters)
"Italian luxury leather goods maker Tod's hiked its dividend by one third and forecast an excellent 2011 after strong demand in the United States and Asia. Analysts expect a wave of consolidation in the luxury industry... Tod's, Tiffany and Burberry are singled out as possible takeover targets."
Jean Touitou, A.P.C. Designer (WSJ)
"Jean Touitou is what some might call a 'tough crowd.' The Tunisian-born, Paris-based founder of the French clothing line A.P.C. is famously vocal about his dislike of most stores... For all Mr. Touitou's grumbling, his 24-year-old label is deeply beloved by bespectacled creative types for its simple, chic, well-tailored staples."