American Apparel sells stake, Wu stays focused, Shrinking retailers, Concept stores close

[caption id="attachment_2658" align="alignnone" width="500" caption="American Apparel store"][/caption] American Apparel to sell stake to private equity firm (Drapers) In a rush to finance a $16 million debt, American Apparel sells a 20% stake of the company to Lion Capital. Jason Wu stays in focus amid Michelle Obama whir (The Canadian Press) Even though he has received endless press following his Obama inaugural gown, Jason Wu is staying focused on building a business and establishing strong retail relationships. America's Fastest-Shrinking Stores (Forbes) "For retailers, 2009 is a game of survival, and already more than a few haven't made it," reports Forbes. Teen Retailers Close 'Concept' Stores to Focus on Main Brand (WSJ) "Teen concepts (stores) are being pared as the recession prompts…

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Ten top stores, Commerce vs. creativity, ASOS’ kidswear, NYFW open to consumers

Eliana courtesy of American Apparel

Ten Stores Americans Can’t Give Up (Forbes) American Apparel tops the list of stores Americans can’t live without. NYFW: Commercial versus creative (Drapers) In New York, it’s always a balancing act between commerce and creativity during fashion week. ASOS launches kidswear (Drapers) ASOS, the online retailer, has just launched a kidswear line. Should Fashion Week Open to Consumers? (WWD) A survey reveals that

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American Apparel profits, New Info Shoppers, Wave of bankruptcies, Gianfranco Ferre menswear

The Complicated World of American Apparel (WWD) Amid one of the most dismal retail environments on record, American Apparel has posted a 3% profit. New Info Shoppers (WSJ) Over the past few years, a new class of strapped consumers has been poring over product spec sheets, third-party reviews and expert blog sites to find the best value. Hail the “new info shopper.” Wave of Bankruptcy Filings Expected From Retailers in

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