Skipping NYFW, My Wardrobe seeks investment, Evolving menswear, Burda Media, Joan Burstein

| Daily Digest

New York Fashion Week, Damrosch Park | Source: NY Times

Why Some Labels Will Sidestep Fashion Week (WSJ) “New York’s calendar has become noticeably more crowded as labels squeeze in with entrepreneurial zeal. While fashion shows used to be limited to high-style labels, midprice contemporary labels and menswear brands are now muscling into New York. One reason: No official body controls the calendar, unlike in Milan and Paris, where just a few dozen labels are invited to show

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Richemont beats estimates, Brazil rising, Sportswear gold, My-wardobe in Asia, After J.Crew

| Daily Digest

Richemont CEO Johann Rupert | Source: Connecting Watches

Richemont Full-Year Profit Beats Estimates on Asian Sales (Bloomberg) “Richemont, the second-biggest luxury goods company, reported full-year profit that beat analysts’ estimates as sales were boosted by buoyant demand for high-end goods in the Asia-Pacific region. Net income climbed 43 percent to 1.54 billion euros ($1.96 billion) in the 12 months through March 31, the Geneva-based company said today in a statement.”

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Re-imagining Gap, eBay’s X.commerce, Introducing Snapette, Prada and Schiaparelli at the Met, Sarah Curran

| Daily Digest

Gap store in China | Source: Juncture Mag

Gap plans store closures in US, while opening new locations in China (Washington Post) “The struggling retailer, which runs the Gap, Old Navy and Banana Republic chains, detailed plans on Thursday to close 189 locations, or 21 percent of its namesake Gap stores in the U.S., by the end of 2013. At the same time, the largest U.S. clothing chain said it plans to triple the number of Gap stores in China from about 15 by the end

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How Commercial Content is Changing Editorial

| Intelligence

Mr Porter Screenshot | Source: Mr Porter

NEW YORK, United States — What began as a trickle is now starting to look more like a mass exodus. Jeremy Langmead, formerly of Esquire, is now at Mr. Porter. Andrea Linett, formerly of Lucky magazine, is now at eBay. Dennis Freedman, formerly of W, is now at Barneys. Fiona McIntosh, formerly of Grazia, is now at My Wardrobe. And the list goes on. It seems that there are almost weekly reports announcing that yet another magazine

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American made, My-wardrobe’s global push, Social goals, Hermès battle heats up, Unwelcome success

| Daily Digest

Brookks Brothers: Made in America | Source: Brooks Brothers

Made in America: A hook for wealthy shoppers (Ottawa Citizen) “The Made-in-America label has undergone a deluxe makeover. Everyone from Brooks Brothers to the Olsen twins is using it to hawk luxury goods… ‘There is a customer that appreciates that the product is made in the United States and is willing to pay for the difference.’” My-wardrobe boosts foreign dress effort (FT) “‘The past 12

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