Retailers Plan Bangladesh Factory Inspections Under Safety Pact

Inside a Bangladeshi garment factory | Source: Reuters

ZURICH, Switzerland — A group of mainly European retailers has finalized a plan to conduct coordinated inspections of factories in Bangladesh in an attempt to prevent a repeat of the Rana Plaza disaster that killed 1,129 people in April.

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Macy’s Jumps After Annual Forecast Exceeds Analysts’ Estimates

NEW YORK, United States -- Macy’s Inc., the second-largest U.S. department-store chain, rose in early trading after forecasting annual profit that surpassed analysts’ estimates amid a surge in online sales. The shares advanced 4.2 percent to $40.15 at 8:37 a.m. in New York, after rising to $40.40. Earnings per share for fiscal 2013 will advance to as much as $3.95, the Cincinnati-based retailer said in a statement today. Analysts projected $3.84, the average of 18 estimates compiled by Bloomberg. Chief Executive Officer Terry Lundgren has focused on tailoring merchandise to suit local tastes and benefited from exclusive Tommy Hilfiger, Sean John and Madonna products. Fourth-quarter revenue climbed 7.2 percent to $9.35 billion while online sales soared 48 percent, Macy’s said today.…

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Year of the Snake, Swatch upbeat, Denim corsets, Non-stop Carine, Chanel at Grand Palais

Beyonce Knowles, Solange and Kim Kardashian at NYFW | Source: Fan Pop

Luxury Labels Are Scaling Up for China’s Year of the Snake (WSJ) “Luxury brands are rolling out a menagerie of merchandise to capitalize on the holiday, which marks Asia’s biggest shopping season. And more Western brands are getting in on the Year of the Snake, pushing snake- and red-themed goods, from Vacheron Constantin’s $150,000 watch with an engraved snake etched onto its face to the serpentine,

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John Fairchild’s legacy, IMG buys TFW, Soft economy, Tod’s profits up, Julie Eilenberger

John Fairchild | Source: Vanity Fair

Fashion’s Most Angry Fella (Vanity Fair) “When John Fairchild, the tyrannical, mischievous editor in chief of Women’s Wear Daily and founder of W magazine, stepped down from his Fairchild Publications throne, in 1997, it was supposed to be a clean break. Fifteen years later, at the age of 85, the onetime terror of the fashion industry is still stirring the pot.” Toronto Fashion Week sold to IMG, Robin Kay steps down

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Jil Sander’s return, Shopping R29, Spending clouds, Dolce & Gabbana couture, Fashion and art

Refinery29 website | Source: Refinery29

Jil Sander Gets Her Groove Back (On the Runway) “‘Don’t ask me why,’’ Jil Sander said with a laugh on Tuesday, when asked why she had decided, at age 68, to leave a comfortable retirement and return to the fashion fray.” Refinery29 Launching R29 Shop (WWD) “Up until now, Refinery29’s business model has relied heavily upon advertising to drive revenue, with approximately 80 percent of it coming from ads

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Preserving Calvin Klein, Macy’s upbeat, Cucinelli rises, Fashion incubator, Ford’s satisfaction

Francisco Costa by Danny Clinc | Source: NY Times

Francisco Costa (Interview) “For the last nine years, or 18 seasons, as women’s creative director at Calvin Klein Collection, 47-year-old Francisco Costa has simultaneously managed to preserve one of the most iconic brands in fashion—one that has proven to the world that Americans can be spare, chic, and sexy right alongside their European counterparts.” Macy’s maintains outlook, disappointing Street

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Burberry Bespoke, Hermès’ growth continues, Digital exclusivity, Macy’s makeover, 20 years of Dazed & Confused

Screen Shot Burberry Bespoke | Source: Burberry Bespoke

Mink or Fox? The Trench Gets Complicated (WSJ) “Signaling how interactive the online shopping experience has become, Burberry, the British fashion label, is offering a way for customers to design and order custom trench coats online. Called Burberry Bespoke, the program is a full-scale attempt at “mass customization,” a long-time goal of retailers and unusual for a designer fashion house. Customers select the cut

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The Prince of Polo, Louboutin’s legal loss, Macy’s Q2 profit surge, KPCB invests in e-tail, Magazine sales drop

David Lauren at IHT Luxury Conference | Source: Samir Husein for IHT

The Prince of Polo (Fast Company) “By associating Ralph Lauren with new digital technology, David has done more than imbue the brand with a current vibe. He has, in the process, made the company a progressive leader among fashion peers. In 2009, David produced an online-only fashion show for Ralph Lauren’s heritage Rugby brand that, for the first time ever, allowed viewers to shop the looks in real time.” Red Faces at Louboutin?

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Department stores’ comeback, Karl for Macy’s, China boosts Adidas, Retail dichotomy, Louboutin victory

Karl Lagerfeld for Impulse | Source: Catwalk Queen

Dowdy Department Stores Start Looking Cool Again (WSJ) “The sector, long derided for dowdy merchandise, maze-like stores and crumbling facades, is making a comeback. Macy’s Inc., Nordstrom Inc. and Kohl’s Corp. are posting solid sales gains even as consumers remain cautious and manufacturing costs rise—and they are poised to continue the streak this fall.” Lagerfeld for the Masses, Again (On the Runway) “Macy’s unveiled its

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DIY Fashion, Flash sale bubble, Coach eyes Chinese men, Macy’s online surge, Remembering Tommy Nutter

Make your own jeans | Source: Makeyourownjeans.com

Designed by You, Made by … Who? (NY Times) “Do-it-yourself Web sites are making it easy for fashion buffs to design and order custom outfits: all you need is an Internet connection and a credit card. But are the sites any good? Can design-your-own jeans rival designer jeans? Is the shoe of your dreams mere mouse clicks away?” The investor’s dilemma: etail vs the brand (Material World) “An announcement of a

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