Gap Falls After Forecasting Profit Less Than Analysts Estimate

SAN FRANCISCO, United States — Gap Inc. fell as much as 5 percent in late trading after the retailer forecast annual profit that was less than analysts estimated. Gap slid 1.6 percent to $40.70 at 4:04 p.m. in New York after dropping as low as $39.31. The San Francisco-based company’s shares had gained 33 percent this year through the close of regular trading today, the best performance for an apparel company in the Standard &

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Gap Willing to Sign Bangladesh Safety Accord, If Tweaked

Gap Spring/Summer 2013 Denim Evolved campaign | Source: Gap

SAN FRANCISCO, United States — Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodations."

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Thom Browne’s moment, Virtual NYFW, Gap’s comeback, Fashion circus, Twitter trolls

Thom Browne by Dylan Don | Source: The Talks

Being Thom Browne: His Moment Is Now (NY Times) “‘Other designers get cross-pollinated a lot,’ Michael Hainey, deputy editor of GQ, said in discussing Mr. Browne. ‘You know, suddenly everyone’s showing orange this season because that designer’s fabric person is researching the same fabric as three other people. Thom stands apart. He’s always stood apart.’ He is a game-changer, Mr. Hainey added, a

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GAP buys Intermix, Investing in luxury, Burch Lawsuit ends, MBAs in ecommerce, CFDA calling

Intermix store | Source: The Real Deal

Gap to Buy Luxury Retailer Intermix (WSJ) “Gap Inc. is buying women’s fashion boutique Intermix Inc. for $130 million, a deal that will give the mostly casual-clothes retailer an opening to the all-important luxury market.” Is it time to invest in a little luxury? (Telegraph) “Luxury goods companies were the height of investment fashion in the spring, as their profits soared on demand from brand-hungry

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African investment, Gap quells fears, Abercombie boost, Philanthropic fashion, Working woman

Ituen Basi, Summer 2013, Lagos Fashion & Design Week | Source: NY Times

Fashion Weighs a Deeper Investment in Africa (IHT) “Designers from Vivienne Westwood to Jean Paul Gaultier have long drawn on the vibrancy of African culture in their clothing lines. But now the industry is taking a tentative look at whether it makes sense to put down larger stakes as the African economy begins to take its place alongside the world’s other promising emerging markets.” Gap raises full year profit view,

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Week in Review | Next Industrial Revolution, Motivating and Retaining Talent, Facebook and Fashion

Week in Review November 5-9

The Long View | Chris Anderson Says the ‘Maker’ Movement is the Next Industrial Revolution (The Long View) “Since the birth of the personal computer and the Web, people have used relatively simple and accessible new technologies to create, connect and collaborate in ways that were previously unimaginable. For one thing, simple blogging tools and social media platforms have fundamentally democratised mass media, ending the

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Fast fashion fatigue, Hermès forecasts, Yoox results, Mideast online promise, Westwood’s passion

Undercover for Uniqlo Autumn/Winter 2012 | Source: Hypebeast

Gap Gains With Zara Responding to Fast-Fashion Fatigue (BusinessWeek) “Call it fast-fashion fatigue. Millennials, after years of settling for apparel retailers’ downgraded fabrics and workmanship, are pushing for higher- quality clothing again, and chains are getting the message. Gap Inc., the biggest U.S. specialty-apparel retailer, and Fast Retailing Co. Uniqlo are able to charge more for better basics.” Hermès lifts

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Global Briefing | Could Africa be the Next Frontier for Fashion Retail?

Westgate Mall, Nairobi | Source: kamalkaur.net

NAIROBI, Kenya — In recent weeks, the media hype around Africa has been remarkable, with several articles in major publications proclaiming the continent “the next Asia.” In fashion, Franca Sozzani even dedicated the entire May issue of L’Uomo Vogue to “rebranding Africa,” while this year’s IHT Luxury conference will discuss “the potential of Africa, both as a producer and ultimately consumer of luxury goods.” But to what extent is

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Glare on Alber, Yoox and PPR in JV talks, Gap inches back, Facebook float, Pinterest’s riches

Alber Elbaz | Source: Hypebeast

In the Spotlight’s Glare (NY Times) “Much of what has been written about Mr. Elbaz on the occasion of his 10th anniversary as the designer of Lanvin, a milestone that normally might merit a mention somewhere near the classifieds, could illustrate what is a rare example in the catty fashion industry of the Buddhist concept of mudita, or taking pleasure in another person’s good fortune. These days, everyone seems to love him,

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Waiting for China’s moment, Pinterest’s path, The Gap and teens, Future of retail, Nail boom

Tsai Meiyue Spring/Summer 2012 | Source: Fashion Inquisitive

When will the China Fashion Week era arrive? (China Daily) “Fashion weeks are being staged everywhere,and there’s practically a host city for every letterof the alphabet… Beijing recently hosted China Fashion Week, which got some media mileage overseas, but it’s just not on the agenda of the global fashion industry’s movers and shakers.” Is Pinterest going to make any money? (Telegraph) “We

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Looking Back at SXSW Interactive

Madison Square Garden: | Source: Sports Yahoo

AUSTIN, United States — Sometimes described as ‘spring break for geeks,’ the annual SXSW Interactive conference is a 5-day whirlwind of panels, presentations, parties, product launches, ‘hackathons’ and happy hours. This year’s conference was said to have attracted more than 25,000 attendees, ranging from tech entrepreneurs to agency executives, to this progressive Texan city with a budding start-up culture of its own, for what, at

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