London retail sales drop, Shopping bags in Japan, Sass & Bide at LFW, Fashion bankruptcies

| Daily Digest

Clothing and footwear sales in London drop back during July (Drapers) “Clothing and footwear sales in London fell back during July as the wet weather during the month drove sales of indoor items such as homewares and furniture.” Paper Bags as Fashion Statements (New York Times) “It’s little wonder that, in spite of the recession, Tokyo’s closets continue to be crammed to the hilt — less so with Prada and Marc

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Nordstrom profit drops, Escada crumbles, AA ekes out profit, Harrod’s secret, Designers learn the ropes

| Daily Digest

Nordstrom 2Q Profit Drops 27% But Raises Full-Year View (WSJ) “Nordstrom Inc.’s fiscal second-quarter profit decreased 27 percent as the high-end clothing retailer reported lower same-store sales. But disciplined inventory and expense management helped the company report results in line with Wall Street’s expectations, and Nordstrom became slightly less downbeat about the same-store sales decline this year.”

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Escada addresses insolvency, Micro trends, Claudia Schiffer at IHT, J.C. Penney revamps, VAT increase

| Daily Digest

Escada A/W 09 ad campaign, courtesy of Escada

Escada Board to Meet on Insolvency After Bondholders Snub Offer (Bloomberg) “Escada AG, the luxury clothing company whose dresses are worn by Demi Moore, is holding a board meeting today to discuss a plan to file for insolvency after bondholders rejected its financial rescue proposal.” Micro trends making major fashion statements this autumn (Telegraph) “Brace yourselves as ‘slow-burning trends’, such

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Brioni adapts to crisis, Escada shares plummet, July clothing sales, Luxury in Singapore

| Daily Digest

A teacher explains the art of tailoring to a student at the Brioni tailoring school in Italy

Brioni, Suitmaker to Presidents, Adapts to Crisis (New York Times) “The fashion house Brioni is best known for dressing James Bond in black tie and creating hand-sewn custom suits that start out at $4,000 and run as high as $47,000. But this fall it is adding something a lot more humble to its lineup: a T-shirt.” Escada Plummets as Bankruptcy Looms on Last Day of Bond Exchange (Bloomberg) “Escada AG dropped 26

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

| Daily Digest

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

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