J.Crew’s profit jumps, Flattering Kors, Baugur founder seeks cash, MaxMara’s moment, Naeem Khan for Obama

| Daily Digest

J. Crew Holiday Gift Guide | Source J. Crew

J. Crew more than doubles profit in 3Q (AP) “J. Crew Group Inc., seller of clothes, shoes and accessories, said Tuesday its profit more than doubled in the third quarter as sales rose by a double-digit percentage. The results sent its stock surging in after-hours trading after the retailer beat Wall Street consensus estimates for profit and revenue.” Michael Kors: The fashion designer who fits and flatters (Independent)

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Richemont appoints Wikstrom, Burberry expands in the Americas, J. Crew drops, Della Valle and Saks

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Jude Law for Dunhill 09, courtesy of Dunhill

Richemont Creates Post To Turn Around Ailing Brands (WSJ) “The world’s second-largest luxury company by sales named Martha Wikstrom, 52, head of a portfolio comprising most of Richemont’s less-prominent brands, including Alfred Dunhill and Lancel, which market so-called soft luxury goods such as leather and fashion.” Burberry eyes expansion in U.S. (Guardian) “While other retailers apply the brakes on

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J. Crew expands, February brightens, Simon Fuller launches style site, YSL’s shoulder, John Lewis profits fall

| Daily Digest

J.Crew A/W 09, courtesy of J Crew

Despite Fourth-Quarter Loss, J. Crew Sees Room to Grow (WWD) “Tightfisted consumers and rising costs may have pushed J. Crew Group Inc. to a $13.5 million loss in the fourth quarter, but the retailer still has cautious expansion.” (Subscription required) Has spring sprung for US retailers? (Just-Style) Though February sales have improved, this is an unlikely sign of a total recovery. Simon Fuller to launch fashion

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Hachette reorganizes, J.Crew cuts jobs, Niche sites buck trend, Luxury cuts costs

| Daily Digest

Courtney Love cover, courtesy of Elle

Hachette to Break Through ‘Silos’ As It Restructures Women’s Magazines (WSJ) “This week, the New York publisher will take what it says is a big step toward fortifying itself, reorganizing its women’s magazines, which make up the bulk of its business.” J. Crew Group cuts jobs, suspends 401(k) plan (Forbes) J. Crew will cut 95 jobs and 401k plans to help save on costs. Niche Web Sites Buck Media

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Oscar fashions, Factors drop Barneys, London’s cool girls grow up, J.Crew launches stores

| Daily Digest

Oscar fashions give no hint of the weak economy (Newsday) Despite tough times, no one was slumming it at the Oscars. Factors Drop Barneys Over Sale Uncertainty (WWD) Factors are no longer approving spring orders from Barneys over its uncertain future. (Subscription required) London’s ‘cool girl’ starts growing up (IHT) The perpetual focus on an ever-renewing young generation seems to be the mark of British

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