Aéropostale: Cheap Clothes, Cheaper Stock (Daily Finance)
“Aeropostale thrived during the Great Recession, posting record-high margins as cash-strapped customers loaded up on its cheap-but-stylish tops and pants. However, discounts from teen retail competitors, rising commodity costs, and a few fashion missteps have weighed on the company's profits lately. After two consecutive disappointing quarters, Wall Street has soured on this former highflier..."
LVMH set to dazzle with first-half figures (Reuters)
"LVMH, the world's biggest luxury group, is expected to post sparkling first-half results... in the latest indication the luxury sector has been shielded from global economic concerns. The luxury goods sector has enjoyed a solid rebound since the 2009 spending slump and has been relatively unaffected by worries about the fragile U.S. recovery and debt management in the euro zone."
That's rich: The wealthy spend more for luxury (China Daily)
"China's wealthiest people have been under a bit of pressure from inflation, with the costs of luxury products and services up 7.73 percent year-on-year as of June, the Hurun Luxury Consumer Price Index... Showed... The index unveiled in the Hurun Report measures the changes in prices paid by affluent consumers for a basket of 61 luxury goods."
Could a New Online Pull Site for Editors Finally Get Fashion People to Embrace Technology? (Fashionista)
"... There are so few business-to-business sites for fashion, an industry that could definitely benefit from some organizational technology, but for some reason can be weirdly resistant to it. If there’s one thing that’s certain, it’s that the internet has lead to major changes in the fashion industry and The Runthrough is one more example of this."
Royal Chic: The Duchess and Her Prints (IHT)
"... The myriad patterns that have made their mark on summer clothes indicate that, for designers at least, everything can appear in print... The result can be polite and familiar, as in the embrace of print by Kate Middleton... The “Catherine factor” gave basic summer dresses, always focused on that narrow waist, a fresh feeling."