Accessories After the Fact (WSJ Magazine)
"It’s been a brutal year for the arbiters of all things luxurious. World-wide accessories sales, the engine driving the explosive growth of the luxury-goods industry over the past decade, are projected to decline 10 percent in 2009, according to Bain & Co., the first real decline since Bain began tracking the sector in 1995."
Former Barneys CEO Watches Shows and Luxury Goods Meltdown (WSJ)
"As for whether the luxury market, the hardest hit sector in retail, will ever recover, especially after mass discounting last winter has trained high-end consumers to wait for sales, Mr. Socol said 'I think it will take time. It’s a combination of the economy, people’s retirement funds, people’s incomes and then it’s attitude. This has been kind of a wake-up call. I think designers will try to produce things at better value. That’s a good thing.'"
Young Bloggers Have Ear of Fashion Heavyweights (New York Times)
"At first glance, Dirrty Glam resembles any trendy online magazine. It features famous faces like Lilly Allen and Sienna Miller on its cover, and combines fashion, film and music reviews with celebrity interviews. There is just one thing: Dirrty Glam’s entire team, from editor in chief to public relations manager, is between 19 and 22 years old."
Surely newspapers know what they are talking about? Right? (Liberty London Girl)
"The Wall Street Journal (on Friday) and The New York Times (Sunday) ran stories on fashion bloggers, both of which made glaring factual errors. Both newspapers are known to have rigorous fact checking policies. So how could such basic mistakes have been made?"
Some Vision Correction Needed (New York Times)
"Looking at men’s wear collections for very long is like having your eyes examined. After seeing too many navy schoolboy blazers and high-water pants and skinny jeans, you begin to question your ability to say with certainty whether the image on one runway is better, worse or about the same as any other."