Ongoing challenges at Gap, Zara in Brazil investigation, Cautious retailers, Big store strategy, Louboutin fights on

| Daily Digest

Gap cautious on full-year sales outlook (Reuters) “Gap Inc Chief Executive Glenn Murphy said on Thursday that consumer sentiment may deteriorate in the second half of 2011 and was cautious about future sales growth at the apparel retailer… Gap has lost about a quarter of its market value this year as investors questioned the company’s ability to grow sales after several quarters of losing market share.” Zara

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Being Della Valle, Luxury retailers cautious, Reinventing Ben Sherman, Chanel’s Peter Philips, Louboutin fights on

| Daily Digest

Diego Dalla Valle | Source: Marie Claire

Lunch with the FT: Diego Della Valle (FT) “Tod’s is a success story that continues to show impressive growth: half-year results of the €800m company released this week show sales up by 16.4 per cent from the corresponding period last year and net income up by 26.7 per cent… Tod’s is nothing if not a global concern and, as with most luxury goods companies, eyes are looking hungrily eastwards.” Luxury retailers

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The Prince of Polo, Louboutin’s legal loss, Macy’s Q2 profit surge, KPCB invests in e-tail, Magazine sales drop

| Daily Digest

David Lauren at IHT Luxury Conference | Source: Samir Husein for IHT

The Prince of Polo (Fast Company) “By associating Ralph Lauren with new digital technology, David has done more than imbue the brand with a current vibe. He has, in the process, made the company a progressive leader among fashion peers. In 2009, David produced an online-only fashion show for Ralph Lauren’s heritage Rugby brand that, for the first time ever, allowed viewers to shop the looks in real time.” Red Faces at Louboutin?

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Department stores’ comeback, Karl for Macy’s, China boosts Adidas, Retail dichotomy, Louboutin victory

| Daily Digest

Karl Lagerfeld for Impulse | Source: Catwalk Queen

Dowdy Department Stores Start Looking Cool Again (WSJ) “The sector, long derided for dowdy merchandise, maze-like stores and crumbling facades, is making a comeback. Macy’s Inc., Nordstrom Inc. and Kohl’s Corp. are posting solid sales gains even as consumers remain cautious and manufacturing costs rise—and they are poised to continue the streak this fall.” Lagerfeld for the Masses, Again (On the Runway) “Macy’s unveiled its

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Miu Miu strikes a chord, ASOS global, Hugo Boss boost, Louboutin vs YSL, Rocking fashion in Berlin

| Daily Digest

Miu Miu Autumn Winter 2011 Photographed by Bruce Weber | Source: Miu Miu

Prada Woos Young Chinese With Edgier Sister-Brand (WSJ) “Aiming to cash in on China’s bulging population of young fashion-lovers, Prada is turning its focus in the Chinese market to its… Sister-brand… Miu Miu has struck a chord with China’s young luxury shoppers… Who… Don’t remember the era in which the brand was overshadowed by the Prada label.” Global growth drives ASOS sales (FT) “Online

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