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

| Daily Digest

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

| Daily Digest

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

| Daily Digest

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

| Daily Digest

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

| Daily Digest

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”

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