H&M gains, Menswear in ‘Flow’, Saunders returns to London, Fashion for a cause

H&M spring 09 ad campaign, courtesy of H&M

H&M Profit Increases on New Stores, Stronger Euro (Bloomberg) “Hennes & Mauritz AB, Europe’s second-largest clothing retailer, reported a 6 percent profit increase for the second quarter after store openings and the stronger euro offset slower consumer spending.” In the Comfort Zone in Milan (New York Times) “EVEN if anyone could pronounce it, Mihaly Csikszentmihalyi is not a name you’re likely

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Jimmy Choo for H&M, Burberry sees stabilization, Tod’s to experience growth, Pitti Uomo quiet

Jimmy Choo for H&M, courtesy of H&M

Jimmy Choo to Design for H&M (WSJ) “Swedish fashion retailer Hennes & Mauritz AB on Wednesday unveiled the name of its next designer collection team-up: British accessory brand Jimmy Choo.” Burberry Chief Says Luxury Demand Is ‘Stabilizing’ (Bloomberg) “Burberry Group Plc Chief Executive Officer Angela Ahrendts said luxury demand is leveling out as the market slowdown nears its first

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H&M gains, Dior releases trailer, Esprit opens new stores, LV exhibit to open in HK, De La Renta looks to the Gulf

H&M S/S 09 ad campaign, courtesy of H&M

H&M’s 8% April Comparable Sales Gain Breaks Trend (WSJ) “Fashion retailer Hennes & Mauritz AB Friday said April sales in comparable stores rose for the first time since July, indicating that it may be recovering from the global trend of consumers reining in spending amid the economic slowdown.” Dior Jumps on the Viral-Video Bandwagon (NYMag.com) “The House of Dior will release a short film on May 20,

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Williamson’s H&M debut, LVMH Q1 positive, Japanese m-commerce, Brooks turns around The Bay

Matthew Williamson, courtesy of H&M

H&M launches Matthew Williamson collection (Drapers) “Hundreds of frenzied shoppers descended on H&M’s Oxford Circus store in London like locust this morning, eager to get their hands on a the Matthew Williamson collaboration.” LVMH 1Q Revs Slightly Up On Fashion, Leather Goods (WSJ) “French luxury conglomerate LVMH Moet Hennessy Louis Vuitton SA Wednesday posted a modest rise in first-quarter

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Levi’s profits drop, Istithmar injects Barneys capital, H&M’s miss, Debenhams and Henry Holland

Levis S/S 09 Ad campaign, courtesty of Levis

Levi’s sees Q1 profits slashed (Drapers) “Net income at denim brand Levi’s sank by 50% to $48 million (£32m) in the first quarter ended March 1.” Istithmar provides ‘significant’ loan for Barneys (AP) “Istithmar World Capital says it has provided a “significant” level of additional capital to support upscale retailer Barney’s New York.” H&M March Same-Store Sales

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Browne down, Indian fashion, H&M currency hit, America’s favourite retailers, Fashion inclusiveness

Thom Browne, courtesy of NYMag

Is Thom Browne Going Downe? (Blackbook) With lavish spending on tailors and elaborate shows, Thom Browne’s business may be amongst the first high-profile independent designers to face financial difficulties as demand for his high-priced shrunken suits wanes. Breaking into the West is hard to do (IHT) Due to Indian designers “lack of Western-style business structure and of financial support” their effort to break

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Indian craftsmanship, Nike realigns, Tiffany’s losses, H&M & Zara top valuation, Inflation rises

Manish Arora at Wills Fashion Week, courtesy of the International Herald Tribune

Indian designers make their mark with craft (IHT) During Wills Lifestyle India Fashion Week, designers are making a mark through artisanship. Nike realigns global footprint (Just Style) Sporting goods giant Nike last week unveiled plans to reorganise its namesake brand into six regions with reduced management in a bid to make its operations more efficient and trim costs. Tiffany’s Reports Sales Declines (Seeking Alpha)

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Theyskens and Ricci part, Fashion deflates, H&M in Moscow, London retail

[caption id="attachment_2689" align="alignnone" width="500" caption="Olivier Theyskens and Lily Donaldson at the conclusion of Nina Ricci A/W 2009"][/caption] Theyskens, Ricci Part Ways (WWD) "Olivier Theyskens and Nina Ricci are officially divorced." Fashion Deflation (Forbes) In anticipation of consumers' budget cuts, expect lower prices from designers and retailers. H&M unveils full concept store in Moscow (Fibre2Fashion) Despite the global recession, H&M opens up shop in Moscow. London retail sales hold up (Drapers) "London retail sales rose 5.9% on a like-for-like basis in February outperforming the rest of the UK, which recorded a 1.8% fall in like-for-like sales over the month."

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H&M Home, Ittierre sues Cavalli, Fashion’s invisible woman, London and Milan economic pinch

H&M

H&M launches home textiles bid (WSJ) As a way to buffer the lackluster fashion market, H&M has launched a textile business which was slated for a 2007 debut. Ittierre to Sue Cavalli (WWD) Ittierre SpA is suing Roberto Cavalli for his comments regarding their ability to turn the company’s bankruptcy around. (Subscription required) Chanel Closing Two Japan Stores (WWD) As the Japanese economy sinks further into

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Nordstrom lowers prices, Retailers lobby government, Eastern European turmoil, H&M opens in Korea

Shoppers at Nordstrom | Source: AP Photo/Elaine Thompson

Nordstrom to Lower Prices (WSJ) Prices have gone up in recent years at Nordstrom, but this year, the retailer’s average prices will decline. Retail bosses to lobby government over rate rises (Drapers) “The UK’s largest store groups have united to urge the Government to reverse plans to push through significant rate rises that will add tens of millions of pounds to retailers’ annual costs.” Economic turmoil in

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Japanese economy shrinks, H&M sales up, Sombre and 80s in New York, Forever 21 expands concept

The Japanese Flag

Japan’s economy shrinks 3.3% (IHT) The world’s second largest economy is experiencing its worst downturn in 35 years. H&M sales boosted by new openings (Drapers) Driven by new store openings, H&M’s sales rose 9% in January. Sombre start to NYFW (Drapers) “New York Fashion Week got off to a somewhat sombre start on Friday, according to reports from the US, with collection sizes reduced by up to

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Fading department stores, H&M’s new CEO, Falling Garment District rents, Wal-Mart cuts jobs

Saks Fifth Avenue, photo courtesy of daylife.com

The Waning Relevance Of Department Stores (JC Report) “Plagued by layoffs, closures and plummeting sales, the American department store’s fortunes are fading fast.” H&M appoints New CEO (Drapers) H&M, the Swedish fast fashion retailer, has appointed Karl-Johan Persson as its new CEO. Rents Falling in New York’s Garment District (New York Times) Rents in New York’s Garment District are falling,

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