U.S. retail catch-up, Asos magic, Benetton handover, H&M expansion, Hanneli Mustaparta

| Daily Digest

American Eagle Outfitters | Source: Store Appeal

U.S. retailers play catch-up in fashion speed race (Reuters) “After years of losing customers to Europe-based retailers that give young shoppers fresh fashions more quickly, U.S. clothes retailers are fighting back.” A Magic Formula: Recession-proof collections from Asos (Independent) “Few brands are posting a rise in sales right now, let alone an increase of almost 50 per cent. But the online fashion and beauty

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Lunch with Alexandra Shulman, Fashion pinch, H&M spike, Jaeger sold, Australia dropouts

| Daily Digest

Alexandra Shulman | Source: Mih Jeans

Lunch with the FT: Alexandra Shulman (FT) “But she is a big deal, and this is a big year for her and for Vogue. It’s Shulman’s 20-year anniversary as editor, this month she’s publishing her first novel, Can We Still be Friends, and Vogue is staging its first festival.” Discount fashion chains feel the pinch (FT) “In a market under pressure there are winners and losers. Fashion-conscious consumers are still making

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Dolce & Gabbana’s world, Luxury rises in the East, Ethical H&M, Wizards of Cos, Jenny Lauren

| Daily Digest

The Sicilian Baroque collection by Jason Lloyd-Evans | Source: Telegraph

The gilded world of Dolce and Gabbana (Telegraph) “The idea that Dolce & Gabbana, both the company and its clothes, are the ‘child’ of the two men who created it recurs repeatedly… By 2002 the company/child they could have ‘killed’ in the fallout had already grown into one of Italian fashion’s most momentous commercial juggernauts.” Luxury goods: style rises in the east (FT)

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Gucci vs. Guess, H&M hiccup, Too fashion forward, Facebook clears IPO hurdle, Altuzarra’s passion

| Daily Digest

Guess store Shanghai | Source: Fabeau

Gucci Accuses Guess of Massive Design ‘Knock Off’ Scheme (Bloomberg) “Gucci, a unit of Paris-based, sued in 2009 claiming that Los Angeles-based Guess was selling items in stores and online with logos that are ‘studied imitations of the Gucci trademarks.’ The trademarks include a green and red stripe design, a square G, the designer’s name in flowing script and a diamond pattern with repeating interlocking G’s,

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Versace returns to profit, Shoptiques’ pull, Quincy conquers sizing, Manolo in Bath, H&M luxury?

| Daily Digest

Versace Spring/Summer 2012 | Source: de Luxe

Versace upbeat after return to profits (FT) “Gianni Versace, the Italian fashion house known for its high-wattage glamour, has returned to profit after a three-year hiatus, underlining a turnround at the brand after it almost collapsed during the financial crisis. Net profit at the fashion house led by Donatella Versace, sister of murdered designer Gianni, rose to €8.5m last year, up from a loss of €22m in 2010.”

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