Mixed emotions at Prada, Lululemon stalls, Gilt doubles down, Pinault in conversation, Kors chat

Prada's flagship store in Milan | Source: LA Times

Prada frets about tourist stayaways (Reuters) “First-quarter profit doubled at the Milan-based maker of colored Miu Miu dresses, outpacing revenue growth, but the company is not immune from concerns about the euro zone, a sluggish U.S. recovery and a possible slowdown in Asia.” Lululemon CEO Eyes Holidays After Sales Miss (Bloomberg) “Chief Executive Officer Christine Day was unapologetic after projections for

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VF acquires Timberland, Wear and waste, Lululemon’s momentum, Pitti Uomo presents, Alexandre Plokhov’s return

Classic Timberland Boot | Source: Timberland

Timberland to be taken over by VF Corporation in $2bn deal (Independent) “VF Corporation… said outdoor clothing was among the fastest-growing apparel categories… ‘The Timberland brand is synonymous with high quality outdoor footwear and apparel… the company had been number one on its acquisition hit list for years.” Clothes: Too much, too cheap (Independent) “Blame the so-called

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Florence rising, Alexa boosts Mulberry, Lululemon’s devoted following, Vintage clothing wars, Fashion in 2010

Salvatore Ferragamo | Source: Museo Salvatore Ferragamo

Florence Reasserts Craftsmanship (JC Report) “Gone are the days that glossy surface advertising alone meant stellar profits, and even designers such as Tom Ford, who helped accelerate the previous generation of luxury sales, are now reverting to more authentic brand propositions.” Mulberry bags huge profits rise (Evening Standard) “The fashion retailer — which beat Burberry, Pringle of Scotland and Victoria

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Aldo’s global footprint, Vera’s high and low, Being Lululemon, Tom Ford’s secret, Formichetti confirmed at Mugler

Aldo's global footprint (Globe and Mail) "Canadian shoppers are familiar with Aldo shoes. But few realize that this Montreal-based retailer has quietly built an empire that spans 1,500 stores in 55 countries." Vera Wang's Idea of Empire: Marry High, Low, In Between (WSJ) "Ms. Wang... is pursuing a three-tiered retail strategy of selling through luxury, midpriced and discount stores. A growing number of designers... are trying to deploy similar strategies as economic worries linger." Lululemon Grows Fast on a Slim Budget (WSJ) "Lululemon belongs to an emerging class of retailers focused primarily on designing, making and selling athletic wear to women—and grabbing growing shares of the estimated $15 billion market for women's fitness attire." Tom Ford’s Very Small, Glamorous Show…

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Andrew Rosen Midtown man, Recession-proof Lululemon, McQueen briefs, Indian fashion, Osman’s rising star

Vivienne Westwood's 'dress for a rebellious princess' | Source: Telegraph

Made in Midtown: Meet Andrew Rosen, Theory (Huffington Post) “As an inveterate horseman, Andrew Rosen knows the power of bloodlines– and in his, fashion run deep. His grandfather Arthur, a dress-maker, launched Puritan Manufacturing Co. in Boston nearly a century ago. ‘I remember as a young boy running around the factories and the warehouses, playing in-between all the clothes,’ he says.” Lululemon

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The Fashion Trail | Vancouver’s Digital Olympics

Vancouver Red Mittens | Source: Hudson's Bay Company

VANCOUVER, Canada — Every two years that global extravaganza called the Olympic Games alternates between summer and winter sports. Next in line is Vancouver which will host the XXI Olympic Winter Games between 12-28 February 2010, costing the city in excess of $1.5 billion. Over the weekend, Tyler Brûlé reckoned in the Financial Times that Canada is wasting an opportunity to re-brand itself to the world, using the Olympics as a

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Lululemon’s shares, Rising dollar, Consumer spending up, Opening Ceremony expands to Tokyo…

A piece of the Lululemon mantra

Lululemon Weathering the Tough Retail Season (Seeking Alpha) Lululemon, the Canadian yoga wear retailer sees its shares jump by 9 percent. Strong dollar makes for weak results (Just-Style) The rising dollar is adversely affecting European retailers. Consumer Spending on the Upswing (Seeking Alpha) “US consumers continued the increased spending pattern that began in January 2009 into February 2009, spending slightly more in

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Lululemon update: Seaweed claims to be removed

Authorities in Canada's Competition Bureau have instructed Lululemon to remove from its labels the claims that the seaweed content in its VitaSea line would reduce stress and provide anti-inflammatory, antibacterial, hydrating and detoxifying benefits to people wearing the garments. Acting Deputy Commissioner, Andrea Rosen, said: Those claims have to be scientific and they have to be provable. The onus is on the advertiser, not the government, to prove that the tests are adequate prior to making the claims. Yesterday, in the wake of a Lululemon investor relations breakdown about the seaweed content and the health benefit claims, the Business of Fashion advised Lululemon, especially now that it is a high-profile public company, to back up all of its product claims…

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Lululemon: Investor relations rollercoaster

Over the past year, Canadian yogawear brand and erstwhile stock market darling Lululemon Athletica has often been cited as proof of the market opportunity in new-age fashion concepts which pick up on psychographic and attitudinal shifts -- i.e. that people are looking for more from their clothing than just functional and aesthetic utility. Some people, it is argued, want healthy, ethically conscious, and environmentally friendly feel-good benefits as well. Lululemon was delivering this in spades, while also benefiting from a lifestyle craze centred around Yoga, building a business of close to $150m in revenues. However, the news all over the North American press this week was dramatically different. The New York Times published a damning article suggesting that Lululemon's claims…

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