Marks & Spencer, photo courtesy of the Sun UK.

Marks & Spencer to Cut 1,230 Jobs (WWD)
Marks & Spencer’s chairman expects its “gross profit margin to be 1.75 percentage points lower than the previous year,” and plans to cut 1,230 jobs.

New Year, bad news (Just Style)
The “disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings over the next couple of months.”

Calvin Klein, Michael Kors Confirmed For New York Fashion Week (WSJ)
Not everyone is bowing out of fashion week as IMG confirms the shows of Calvin Klein and Donna Karan.

Iconix’s New Latin America Joint Venture (WSJ)
Iconix, which owns Candies and Badgley Mischka, will distribute its brands to Latin America in a joint effort with New Brands Americas LLC.