Gap plans store closures in US, while opening new locations in China (Washington Post)
"The struggling retailer, which runs the Gap, Old Navy and Banana Republic chains, detailed plans on Thursday to close 189 locations, or 21 percent of its namesake Gap stores in the U.S., by the end of 2013. At the same time, the largest U.S. clothing chain said it plans to triple the number of Gap stores in China from about 15 by the end of the year to roughly 45 by the end of next year."
eBay’s New Retail Platform Is Mostly Free, So What’s the Catch? (All Things Digital)
"The platform, called X.commerce, was unveiled yesterday at the company’s developer conference in San Francisco and is designed to help any size retailer, ranging from family-owned stores to Toys “R” Us, keep up to date as shopping goes online and mobile."
Female Founders Of Snapette Not Your Typical Geek Entrepreneurs (Forbes)
"The founders of Snapette are not your prototypical start-up entrepreneurs. At least in the minds of some Silicon Valley venture capitalists... While there are many shopping and style websites, Snapette is different because it focuses on actual products in the real world connected to location."
Prada and Schiaparelli at the Met (On the Runway)
"Elsa Schiaparelli may share a birthday with Karl Lagerfeld (Sept. 10), but Miuccia Prada is unquestionably her sister in soul. Putting these two nimble minds together makes sense, and not simply because both are educated Italian women who enjoy a good fashion joke. The Metropolitan Museum of Art announced that the spring 2012 exhibit at the Costume Institute will be 'Elsa Schiaparelli and Miuccia Prada: On Fashion.' It will open May 10 and run through Aug. 19, with the gala on May 7."
The woman who built a wardrobe with doors all over the world (Guardian)
“While the British high street struggles in the face of the economic downturn, My-wardrobe saw 68% sales growth in the first half of this year. Sales doubled in the 12 months to May after Curran introduced more upmarket brands such as Missoni and Phillip Lim. More than 900,000 shoppers visit the site each month to view collections from 180 designers, spending an average of £260.”