Gap to shutter 200 stores, Impact of Japan crisis, The Kate effect, Tod’s hikes dividend, Jean Touitou: designer

| Daily Digest

Gap Spring/Summer 2011 | Source: Twitexpress

Turning point for Gap as 200 stores close worldwide (Independent) “Chairman and CEO Glenn Murphy has announced that Gap is to close 200 of its 900 worldwide stores by 2013, and focus on modernising its signature look. He also admitted that Gap had not tried hard enough to attract ethnic minority customers in the US.” Luxury goods firms fear effect of Japanese disaster (Guardian) “Shares in some of the

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Finding new fashion faces, Touitou sounds off, Time in-store decreases, Record sales at Prada, Waris the polymath

| Daily Digest

The Clarkes's office collage of client snapshots | Source: WSJ

A Different Kind of Girl Scout (WSJ) “The Clarkes may be located far outside the world’s fashion capitals but they are among the most successful independent scouts, occupying a vital link on the fashion industry food chain. Top agencies in New York and abroad rely on the couple’s uncanny ability to identify beautiful people at gas stations, Dairy Queens and high school gymnasiums and make them into high-fashion

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