It’s a Man’s World (Newsweek) “Just as some educators believe that single-sex classrooms are better for learning, some luxury brands are finding that single-sex boutiques boost the bottom line. While it’s not exactly a man’s world on Main Street, luxury brands are increasingly offering greater exclusivity in men-only shops.” Versace Agrees on Job Cuts, Unveils Lower-Priced Women’s Line (Bloomberg)
Pawnshops doing brisk business (USA Today) According to USA Today, "the miserable economy is a boon for pawnshops and consignment stores across the USA." The Price of Luxury: Debt Burden Strains More European Firms (WWD) European luxury goods firms with high leverage are at risk. Consumer confidence hits new low (Drapers) According to Drapers, "one in five people optimistic that the recession will be over within a year." Juicy Couture’s Decadent Chic: Recession? What Recession? (WSJ) Juicy Couture unveils an over the top store in a difficult time for the economy and retail. Pawnshop, photo courtesy of USA Today.