A&F, Sales Weak, to Close Gilly Hicks Stores

Gilly Hicks Store on Regent Street | Source: Abercrombie & Fitch

NEW ALBANY, United States — Abercrombie & Fitch says young shoppers are not spending money like before and reported weak quarterly sales, issued a disappointing full-year forecast and announced plans to close all of its stand-alone Gilly Hicks stores.

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British Retailers Asos, Boden and TopShop Tap U.S. Market For Growth

Topshop Spring/Summer 2013 | Source: Topshop

LONDON, United Kingdom — On the heels of Downton Abbey’s success on American television, British retailers are banking on a love of all things English to expand their business in the world’s biggest apparel market. Leading the British invasion are Asos Plc, TopShop, Boden, Jack Wills Ltd., and Superdry.

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African investment, Gap quells fears, Abercombie boost, Philanthropic fashion, Working woman

Ituen Basi, Summer 2013, Lagos Fashion & Design Week | Source: NY Times

Fashion Weighs a Deeper Investment in Africa (IHT) “Designers from Vivienne Westwood to Jean Paul Gaultier have long drawn on the vibrancy of African culture in their clothing lines. But now the industry is taking a tentative look at whether it makes sense to put down larger stakes as the African economy begins to take its place alongside the world’s other promising emerging markets.” Gap raises full year profit view,

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Week in Review | Chinese brands look West, Aquascutum’s strategic errors, Red hot founder

Week in Review August 27-31

Global Briefing | Chinese Fashion Brands Look West (Insight & Analysis) “It’s nearly impossible to go a week without reading about international fashion brands expanding their operations in China. But what about Chinese brands targeting the West?” Op-Ed | What Went Wrong at Aquascutum? (Opinion, Insight & Analysis) “In April of this year, at a time when Burberry posted an 11 percent increase in sales,

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Sex doesn’t sell, Armani courts China,Taiwanese boost, Style Coalition TV, Brand Anna

Giorgio Armani backstage Source AFR

At Abercrombie & Fitch, Sex No Longer Sells (Business Week) “Abercrombie & Fitch’s skin-filled ads and nightclub vibe once delighted American teenagers and infuriated parents. Today, many aren’t even paying attention. The once-edgy retailer has lost a third of its market value in the past year as it grapples with falling sales in Europe and the U.S.” Giorgio Armani courts China (AFR) “‘Are you

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Downtown moves uptown, Future of print, Chinese tourists, A&F stabilises, Charlotte Free

Madison Avenue, New York | Source: Luxuo

Downtown Comes Uptown (NY Times) “Conspicuous consumption has made a resounding return to Madison Avenue, at least on that mile of glistening shops stretching north of Barneys New York at East 60th Street. But it isn’t quite the same Madison Avenue as what was there before. Nearly 50 stores have opened in the last 18 months, including a diverse mix of European luxury labels.” Prosperous Times for Luxury Print Media, Or

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Cautionary tales, Kids’ wear in China, Abercrombie profits drop, Valentino exhibition, Liz Goldwyn

Kari Sigerson and Miranda Morrison | Source: Malibu Mag

A Hard Spill in Designer Shoes (NY Times) “Kari Sigerson and Miranda Morrison couldn’t take a wrong step in their climb from Fashion Institute of Technology students to fashion-world darlings… Just over a year ago, she and Ms. Morrison were fired from the company they had created, and now they find themselves watching from the sidelines as the retooled brand is presented at this week’s New York Shoe Expo without

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Coach profits soar, Puma slows, Issey Miyake’s design award, Savile Row defenses, SEH Kelly

Elle’s Facebook page | Source: WWD

Why Coach Continues to Bag Soaring Profits (Forbes) “The wins just keep on coming for Coach. The New York-based leather goods and accessories brand just reported a 21 percent bump in profits as sales for its fiscal third quarter rose 16.6 percent to $1.11 billion.” Puma says hit by slowdown in Europe in Q1 (Reuters) “German sporting goods company Puma said wariness among European consumers hurt its first

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Sarah Burton triumphs, Herrera chic, A&F on Savile Row, Nicole Farhi’s culture, Fashion Star

Alexander McQueen Autumn/Winter 2012 | Source: Grazia

Sarah Burton (Interview) “When Sarah Burton was named Creative Director of Alexander McQueen in May 2010, she was charged with a task that many thought impossible…  It was Burton who, despite the circumstances, helped shepherd to completion McQueen’s last collection for Fall 2010, which was in progress when he died.” How Carolina Herrera turned being chic into big business (CNN) “In her ‘uniform’

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