G-III Apparel 2Q Net Income More Than Doubles

G-III Apparel Brand Vilebrequin's 2013 Campaign | Source: Vilebrequin

NEW YORK, United States — G-III Apparel saw second-quarter profits more than double and it boosted its expectations for the year Wednesday. Shares jumped more than 5 percent to $49.50 in morning trading, sales spiked 21 percent.

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China online, Yoox sales rise, RL’s momentum, Kenneth Cole returns, Dannijo sells socially

Shangpin screen shot | Source: Red Luxury

Why China’s Fashionista Websites Aim High (And Low) (Forbes) “Online shopping offers a platform for new fashion brands to enter China, without the expense and risk of opening physical stores. Even deep-pocketed fashion houses face a challenge in planting a flag in China’s frothy real estate market. ‘All the good locations have been taken by the big brands,’ says Angelica Cheung, editor of Vogue China , which

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Week in Review | Graphite’s social commerce model, Luxury Index slides in May, Ethical fashion, Moda money

The Week in Review June 4 - 8, 2012

Is Graphite the Answer to F-Commerce Woes? (The Bottom Line) “8th Bridge has launched a new social commerce product that turns the traditional F-commerce model on its head. Rather than bringing the cash register to the watercooler, the platform, called Graphite, puts the watercooler next to the cash register, bringing a Facebook-powered social layer to existing commerce channels.” Clouds on the Horizon? (Market Pulse)

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Cole to go private, Brooks Bros. India, Wang rebuttal, Ascendant Altuzarra, Didier Grumbach

Kenneth Cole Spring/Summer 2012 Campaign | Source: Kenneth Cole

Kenneth Cole to take company private (FT) “Fashion designer Kenneth Cole is taking the publicly traded company that bears his name private in a deal that values it at $279m… Mr Cole drew on a number of sources to finance the deal, according to people familiar with the company.” Brooks Brothers eyes Indian market (FT) “Brooks Brothers has formed a joint venture with Reliance Brands Limited, a part of Reliance

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Brands increase spending, MFW wrap-up, Kenneth Cole struggles, Burberry’s boost, Mel Ottenberg’s scene

Italian Luxury-Goods Makers to Follow Clients in Spending More (Bloomberg) “Ermenegildo Zegna, Salvatore Ferragamo and Roberto Cavalli will increase investment in 2011, signaling greater confidence among Italian luxury-goods makers as demand continues to rise.” Milan: Heritage, Showmanship, Theater (IHT) “But even the face-paint effects for the Facebook generation… did not give that extra kick of excitement

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Puma gains, Reiss launches sub-brand, Kenneth Cole steady, Icelandic market manipulation, Valley of the dolls

Puma prepares for ‘volatile’ retail sector (FT) “Puma, the world’s third-largest sports goods maker, said it expects a challenging second half of the year after posting better-than-expected results for the second quarter on Friday.” David Reiss and Andy Rogers (Drapers) “Reiss launches its first sub-brand this week, aimed at a younger, edgier customer. Founder David Reiss and brand director Andy Rogers

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Adidas sees loss, Sui for Target, Zegna expands in Middle East, Kenneth Cole posts Q1 drop

Adidas ad camapaign, courtesy of Adidas

Adidas issues profit warning (Drapers) “Pre-tax profits at the Adidas group sunk by 97% to just €5 million (£4.4m) in the first three months of 2009. Currency-neutral group sales fell 6% to €2.58 billion (£2.28bn), compared to €2.62bn (£2.32bn) in the first three months of 2009.” The Sui Target (Vogue UK) “ANNA SUI has become the second designer to participate in discount retailer Target’s Designer

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