Photo courtesy of AP

What Will Get You Spending Again? (WSJ)
With deep clothing discounts in December, consumers  are re-examining the value of apparel purchases.

No Peter Som show at Fashion Week (Fashionista.com)
Due to a break up with his backer, Peter Som is the latest designer to cancel his upcoming show during New York Fashion Week.

On Front Lines of Debt Crisis, Luggage Maker Fights for Life (WSJ)
Small luggage company J.W. Hulme “borrowed heavily to grow fast,” and is now on a downward decline amid credit crisis.

Cause of Department Stores’ Decline: Changing Spending Habits (Seeking Alpha)
“Consumers last year continued a six-year trend of steering away from department stores during the holiday season, in part because these stores are not meeting their needs.”

E-Luxury to Shutter Retail Operations (WWD)
ELuxury.com, the designer e-commerce site launched in June 2000, will close the retail portion of the site over the next six months.