Barneys’ makeover, Impulse buying, L’Wren Scott fragrance, Silent audience, John Smedley

Barneys New York by Barbel Schmidt | Source: NY Times

What’s a Store For? (NY Times) “But Perry, no doubt out of devotion to his wife, Lisa, a fashion designer who made the suit in the same double knit she uses for her mod dresses, decided to wear it that night. And it was an evening of some importance, for the Perrys were off to a party at Barneys — their first since Richard bought the renowned specialty store.” China Luxury Buyers Getting More Impulsive (WSJ)

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Barneys deleverages, Luxury sector grows, Amazon Fashion, Gamification, Met Gala glamour

Barneys New York | Source: Ology

Two Financiers Take Control of Barneys, Ending Its Debt Struggles (NY Times) “Barneys New York, one of New York’s bastions of high fashion, ended years of struggles with its hefty debt load by selling itself to the financiers Richard C. Perry and Ronald W. Burkle.” Global luxury goods sector continues to grow (Business Week) “Monitor Altagamma said Monday that luxury spending in China is expected to grow by 18

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Fashion Star flaws, Yeomans moves to NAP, Brooks resigns, Monogram men, Casely-Hayford

Marc Jacobs | Photo: Inez and Vinoodh

The Reality of ‘Fashion Star’ (WWD) “Fashion and entertainment is nothing new.But add commerce into the mix and you’ve got the novel ingredients for “Fashion Star,” the latest entry in the fashion-reality genre that made its debut on NBC Tuesday. Unlike some of its predecessors, this show landed with a concept that was compelling — too bad the clothes weren’t.” Lucy Yeomans quits Harper’s Bazaar for Net-A-Porter

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Burberry enters Indian JV, PVH raises outlook, Burkle for Barneys, Gap profits rise , Techno-designing

Burberry targets India’s brand-aware middle class (Times) “Burberry, the British luxury brand, is poised to enter a joint venture to expand its presence in India, a market in which the ultra-rich are thriving because of a soaring stock market.” Phillips-Van Heusen 3Q profit up, raises outlook (AP) “Clothing maker Phillips-Van Heusen Corp. on Wednesday posted a jump in third-quarter earnings, boosted by a $30.4

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Levi’s profits drop, Istithmar injects Barneys capital, H&M’s miss, Debenhams and Henry Holland

Levis S/S 09 Ad campaign, courtesty of Levis

Levi’s sees Q1 profits slashed (Drapers) “Net income at denim brand Levi’s sank by 50% to $48 million (£32m) in the first quarter ended March 1.” Istithmar provides ‘significant’ loan for Barneys (AP) “Istithmar World Capital says it has provided a “significant” level of additional capital to support upscale retailer Barney’s New York.” H&M March Same-Store Sales

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Fashion looks forward, Barney’s credit rating slashed, Bergdorf goes Bottega, Trovata set for trial

Shirts in question: Forever 21 above, and Trovata below

Fashion Forward (Portfolio) “Moving ahead in the current economy will require fashion companies to be as flexible and innovative as they’ve claimed to be all along.” S&P cuts Barney’s credit rating, warns on liquidity (Reuters) Standard & Poor’s on Monday cut its ratings on Barney’s New York Inc to a deeply distressed level and warned that vendors may tighten terms or limit shipments to

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Designers’ reaction in Paris, Luxe prices, Barneys’ Socol replaced

Raf Simon a/w '09-'10, photo courtesy of the New York Times.

Fashion: How Do You Sell in Paris? With Romance (The New York Times) In Paris, “unless the economic crisis worsens, designers are not likely to react in a meaningful way. That’s because men’s fashion has enjoyed an incredible run among young consumers in the last decade, with some of the strongest interest directed to tailoring.” The $43,000 Recession Suit (WSJ) With many retailers staying conservative amid the

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Kim Jones for Dunhill, UK economy shrinks, Brazilian new media, Barneys may be sold

Weaving innovation with history (IHT) “I do like fantasy fashion – but I am a realist too,” says Kim Jones of his much anticipated work for legendary British label, Dunhill. UK economy shrinks 1.5% in final quarter (FT) “Britain fell deeper into recession on Friday after new figures revealed the economy contracted by 1.5 per cent in the final three months of last year,” reports the Financial Times. The

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Luxe Ad sales down, Barney’s mailer, Paris shopping, Perfumers, Macy’s consolidation

For Luxury Brands, Less Money to Spend on Ads (New York Times) The rapidly plummeting market for luxury goods in the United States (down 20.1% in October according to MasterCard) is having a knock-on effect on advertising spending. Barney’s Designer Mailer Online Catalogue (Dualité) Following in the steps of Net-a-Porter, Barney's "Designer Mailer" signals a continuing trend in "shoppable editorials" online. Paris's newest and hippest shopping destination (IHT) In Paris on Rue Mont Thabor, "a quiet [shopping] revolution has been taking place since the Maria Luisa store, with its raft of artfully selected designers, moved there after 20 years on Cambon." Perfumers Make Their Big Holiday Push (WSJ) Despite fragrances' slumping sales this year, companies are still launching new scents…

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