H&M sales disappoint, LFW looks forward, Condé Nast prepares for cuts, Leibovitz for LV, Luxury and social media

Jimmy Choo for H&M, courtesy of H&M

H&M August sales disappoint (FT) “Hennes & Mauritz, the world’s third-biggest clothing retailer by sales, on Thursday announced a 4 per cent increase in third-quarter earnings but August sales were worse than expected.” Eye on London: Fashion Week at a Turning Point (WSJ) “A three-year, $6.9 million funding package from the London Development Agency has helped fund the British Fashion Council’s

…Continue Reading

Leibovitz in limbo, Murjani’s move, Condé Nast crackdown, Prada’s transformer, H&M July sales disappoint

Annie Liebovitz, courtesty of Seattle Arts and Lectures

How Could This Happen to Annie Leibovitz? (New York Magazine) Annie Leibovitz’s “debts now total a staggering $24 million, consolidated with one lender with whom she is engaged in a lawsuit and due in September.” Murjanis seen recasting fashion assets in India (Economic Times) “The Murjanis have decided to exit the luxury space and stay focused on the super-premium segment after bearing the brunt of the

…Continue Reading

men.style Break-up, September ad pages plummet, Discounting to 2010, US copyright law, Escada raises funds

men.style.com

Conde Nast Says Goodbye to Men.Style.com, Hello to GQ.com, Details.com (Ad Age) “Conde Nast will shut down one of its web-only brands, Men.Style.com, when it gives two of its titles, GQ and Details, their own websites in October.” September Ad-Page Tallies Plunge (Ad Age) “Is September now the cruelest month? It may very well be for fashion and beauty titles this year. The final tallies for those crucial issues

…Continue Reading

Portfolio fails, Biba does Topshop, Ethical design, Forever 21 goes to Japan, Stitsh combines retail with cool

Portfolio cover April 09, courtesy of Portfolio

Conde Nast Shutters Portfolio. Why It Failed (Businessweek) “Conde Nast Portfolio, the very big and glossy bet on a monthly business magazine made by the very big and glossy magazine company touted in its title, was shuttered today.” Biba’s Queen is back in London (Telegraph) “Biba’s creator, Barbara Hulanicki, is back in London with a new range for Topshop.” Ethical fashion design competition

…Continue Reading

Calvin Klein underwear, Conde Nast’s ugly January, Retailer’s scrutiny, Grim December

Condé Nast's magazines, photo courtesy of the New York Times

Calvin Klein and the underwear revolution (Ponystep) Ponystep pays homage to Calvin Klein, the undisputed king of underwear. Prominent Magazines Lose Weight, Shedding Nearly Half Their Ads (New York Times) “It was an ugly January not just for Allure, but also for Condé Nast magazines in general.” The Coming Fallout: Who’s Vulnerable? (WWD) Due to the triple threat of recession, tight credit market, and low

…Continue Reading