J. Crew more than doubles profit in 3Q (AP) “J. Crew Group Inc., seller of clothes, shoes and accessories, said Tuesday its profit more than doubled in the third quarter as sales rose by a double-digit percentage. The results sent its stock surging in after-hours trading after the retailer beat Wall Street consensus estimates for profit and revenue.” Michael Kors: The fashion designer who fits and flatters (Independent)
Michael Kors: an upbeat, uptown guy in a downturn (The Times) “Michael Kors, one of fashion’s great survivors, is still selling in Manhattan and Palm Beach, despite the Madoff effect, and London is set to follow” Delhi gets fashion pie, Mumbai the crumbs! (The Times of India) Could India finally be getting it’s fashion act together or is it just another acronym to add to India’s fashion scene?
Michael, Macro (Fashion Week Daily) The Michael Kors brand just keeps on growing as it plans to open 25 stores in Europe in the next three years. Are The Glossies Losing Their Lustre? (JC Report) “By continuing to focus on the highest of fashion, are magazines alienating a readership for which luxury is an aspiration more out of reach than ever?,” asks the JC Report. Retailers Still Expanding in China (WSJ) Even though