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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Luxury’s future, Cost cutting, Economic pain, Moscow retailers feel pinch, H&M profits rise

A Glimpse of the Future of Luxury (WSJ) After the deep discounting over the holiday season, consumers’ buying habits for luxury goods have changed. Boutiques’ Recession Cost Cutting Methods (JC Report) “Small, independent retailers, who count minimal staff and non-existent print advertising as the norm, more creative steps have been taken to rein in spending.” Economic pain to be ‘worst for 60 years’ (FT)

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DNR and Dresner shut down, Matthew Williamson & H&M, Sonia Rykiel

DNR RIP, men's fashion trade paper dead at 116 (LA Times) DNR, the Fairchild owned menswear trade publication has succumbed to the econommy and "parental neglect" is now dead. Dresner Checks Out: Park Ave. Retail Icon Succumbs to Economy (WWD) New York retail institution, Linda Dresner, is to shutter its doors at the end of December. H&M signs Matthew Williamson (Drapers) Matthew Williamson is the latest designer to link up with H&M. Sonia Rykiel: Designer for the independent woman (IHT) The International Herald Tribune profiles Sonia Rykiel, the legendary French designer who is a subject of an exhibition in Paris. Issues of DNR, photo courtesy of DNR.

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ASOS up 68%, H&M, Abercrombie & Fitch’s skimpy sales, Burberry’s flat profits, Adidas’ SLVR

Online fashion firm ASOS H1 profit up 68 pct (The Guardian) In another signal that affordable online retailers could fare better than bricks and mortar operations in the economic downturn, ASOS H1 profit rockets up 68%. H&M Still In Fashion (Forbes) "Swedish-fashion retailer Hennes & Mauritz posted a decent set of October sales." But "analysts warned the company would not be able to avoid the ripple effects of the global financial crisis." Has Abercrombie Lost Its Shirt? (Motley Fool) Abercrombie & Fitch's  skimpy aesthetic is also reflected in the company's declining sales performance for Q3 2008. Profits flat at Burberry (Drapers) "Burberry saw sales rise 20% in the first half of the year with pre-tax profit flat during the period,…

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CDG Frenzy at H&M in Tokyo, Hosiery sales, Markdowns, Women in Luxury

Rei Kawakubo and H&M team up in Tokyo store (IHT) Die hard fans waited for 3 days outside of H&M in Tokyo to snap up goods from the Swedish fast fashion retailer's collaboration with Rei Kawakubo of Comme des Garçons, as reported in the Business of Fashion on Friday. The New Hosiery Index? Sales Crept Up as Economy Went Down (WSJ) Lipstick sales have risen in the previous downturns, but this time, hosiery is making retail moves. Mania for Markdowns: Consumers Get Benefit, But Vendors Squeezed (WWD) Due to "disastrous" sales in the month of October, retailers are cutting prices a month earlier compared with previous holiday shopping seasons. Women in Luxury (Time) Time magazine profiles 12 "women in luxury."…

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Q&A | The lowdown on H&M Comme des Garçons

[caption id="" align="alignnone" width="500" caption="Comme des Garçons for H&M"][/caption] TOKYO, Japan - Back in September, H&M experienced one of the most successful Japanese market entries in recent history, with its first store in Ginza drawing incredible mass media coverage and never-ending lines. Now two months later, H&M will open its next Japanese store on November 8 in the youth fashion district of Harajuku. Japanese customers lucky enough to make it through the long queue on Saturday morning will be the first worldwide to be able to buy the latest limited-edition guest-collaboration line: H & M COMME des GARÇONS. For the rest of the world, H&M Comme des Garçons will debut on November 13 in more than 200 H&M stores around…

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H&M | Swedish fast fashion finally comes to Japan

TOKYO, Japan - After two years of intense rumours and breathless anticipation, Swedish fast fashion giant H&M finally opened its first Tokyo store on September 13 in the ritzy neighborhood of Ginza, right down the street from competitors Zara and Uniqlo. When the staff cut the ribbon at 11 a.m., somewhere between 3,000 and 5,000 Japanese customers (mostly young women) waited in line for their chance to visit the 1,000 square-metre, four-story retail space. Now, twelve days later, the lines continue to stay long, with around 8,000 people visiting the store daily. An incredible success? Although these long lines may help pay back the reported ¥2 billion launch expenditures, a little perspective is required to know what it all means.…

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Everybody’s Talking About | Comme des Garcons for H&M

TOKYO, Japan and STOCKHOLM, Sweden - Some H&M collaborations of the past (Roberto Cavalli, Viktor & Rolf) were more memorable for the pre-launch buzz and subsequent hysteria around the world than they were for the clothes themselves. So ever since Rei Kawakubo announced her upcoming Comme des Garcons collection for H&M, fashionistas have been wondering whether Kawakubo will bring some of the best of Japanese avant-garde fashion to the masses without diluting her signature style. Well the wait is almost over. W Magazine wrote about the collaboration in its September issue and on Friday, Fashionista.com posted the first photos of the complete collection. In typical lightening speed, the blogosphere has been passing judgment and at first glance, it seems many…

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Roberto Cavalli for H&M: Rock-star pandemonium

Karl Lagerfeld for H&M. Roland Mouret for Gap. Giles Deacon for New Look. Proenza Schouler for Target. And the list goes on. You'd think by now that consumers would have started to tire of it all. At a Retail and Luxury Conference earlier this year, Peter Som said that he felt the whole thing was played out and that it was no longer a distinctive way of creating brand buzz, which I thought was a good point. Well, one look at a video from Style.com (see below), which shows the pandemonium that erupted in New York when Roberto Cavalli and Canadian model Jessica Stam unveiled his own H&M collection on Thursday, and it seems there may be some mileage in…

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