Gap Profit Up 40 per cent As Old Navy Drives Sales (WSJ) “Gap Inc. (GPS) reported a 40% increase in profits for the first quarter, as sales were boosted by strong performance at the company’s budget brand, Old Navy. Sales at that division rose 6.8% to $1.3 billion, accounting for nearly 40% of Gap Inc.’s total.” Versace and Kane: An Odd Mix That Works (NYT) “They are an odd couple, Mr. Kane and Ms.
J. Crew Is Going Global on Net-A-Porter (Stylelist) “Now, the classic American outfitter, currently available only in North America and Japan, has entered into an agreement with Net-A-Porter to be sold globally starting in May.” Nordstrom’s Profit More Than Doubles (WSJ) “Upscale department-store chain Nordstrom Inc. reported a 152 percent increase in profits during the quarter ended Jan. 30, underscoring
LONDON, United Kingdom — In February of 2004, writing about London Fashion Week in the Guardian newspaper, Charlie Porter declared: “It’s that old London fashion week conundrum all over again — wondering what’s the point, and failing to find an answer.” A month earlier, Porter said that London Fashion Week was in crisis mode. Looking back, it’s easy to understand Porter’s lack of optimism. That
London Fashion Week going to be bonkers (Telegraph) Sarah Mower reports that “the British Fashion Council’s biggest problem is finding enough room on the schedule to accommodate everyone hammering on the door. But as problems go, it’s a nice one to have.” Donatella Versace on fashion and celebrity (Times) Christopher Kane interviews Donnatella Versace and learns that she finds “the excessive emphasis on finance
LONDON, United Kingdom — With the economy in the doldrums and the raging debate about “how long this will last” in full throttle, we have been distracted from the creative heart that is the fashion industry. Thank goodness for Katie Grand, Todd Lynn and Christopher Kane. In a recent interview with Ponystep about the launch of LOVE magazine, Grand reveals herself to be true to her creative sensibilities, especially given