Gap profits spike, Christopher and Donatella, Gloomy retail outlook, Kenzo not for sale, Osman in Motion

GAP S/s 2010 Ad Campaign | Source: Denimology

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.

…Continue Reading

Giles Grows, EU tackles internet sales, UK retail rises, Barneys pulls back, Donatella blogs

Giles Deacon to quadruple sales (Drapers) Giles Deacon has announced a business partnership with Castor Srl which will help him to achieve the business aspirations he first mentioned to us in our Inside the Studio video series in February. (Watch video here) EBay May Sell More Luxury Goods Under Draft EU Rules (Bloomberg) "EBay Inc.'s traders may have fewer restrictions on selling luxury goods under European Union regulators' plans to break down barriers to Internet sales." April clothing sales strongest since 2006 (Drapers) "Retail like-for-like sales rose 4.6% in April, with clothing showing the strongest growth since late 2006, according to the British Retail Consortium (BRC)." Barneys aiming to close 2 stores (Reuters) "As the impact of the global recession…

…Continue Reading