Spring, Fashion’s Operatic Season (NY Times) “The season was the powerful game changer that retailers and editors have been hoping for — if only to give customers a new reason to shop. The longer skirt lengths and more forgiving jacket cuts with looser shoulders.. are easier to wear, and sell.” How Facebook Can Become Bigger Than Google (Tech Crunch) “Facebook’s alleged revenue has grown from $275 million in 2008
Designers Show Off Less-Expensive Clothing (WSJ) “Almost every high-end fashion designer has been forced to cut prices or launch lower-priced collections since the economy tanked… [secondary collections] are creeping out of the showrooms and onto the runways this week.” Burberry’s conquest of cyber space (Telegraph) “We are now as much a media-content company as we are a design company, because
Profiling the Value Retailers (WWD) “Stores, like people, have personalities. Whether that personality determines the customer, or the customer the personality, is one of those chicken versus egg questions that’s a matter of perennial debate (well, at least among retail nerds).” Selfridges and Dolce & Gabbana in ‘giant falling out’ (Telegraph) “From next spring, the chain’s department stores
H&M flags discounts, Q2 profit in line, shares dip (Reuters) “Swedish fashion giant Hennes & Mauritz said a two-month sales dip brought on by cold weather could force it to make deeper discounts for the next three months as it met forcasts for second-quarter profit.” Why Amazon Needs to Stay Out of Fashion Retail (BNET) “Do we really need another place to buy clothes online? Amazon is apparently so
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.