Vacancies on Madison Avenue, Mango’s sales up, Response to NYFW move, Berlin Fashion Week

Scene on Madison Avenue, photo courtesy of the New York Times.

On Madison Avenue, Shops Pack Their Hand-Tooled Bags (New York Times) “New York’s most elegant shopping corridor, the Gold Coast of Madison Avenue, from 57th Street to 72nd Street, is pockmarked with vacancies as retailers flee sky-high rents.” Mango’s sales rise 8% (Drapers) Beating the downward retail trend, Mango’s sales rise 8 percent. Industry Reacts to Lincoln Center Move (WWD) Lincoln Center’s

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Murjani divests Gucci, Luxury succumbs to cycle, Choo’s schools, New home for NYFW, Macy’s cuts staff

Gucci spring / summer '09

Murjani to divest Gucci stores in India (Economic Times) In an effort to recoup investments he’s made in the luxury sector, Mohan Murjani plans to divest the operations of Gucci in India. Luxury goods succumb to the cycle (FT) Despite some views to the contrary, the luxury industry is proving to be prone to cyclical ups and downs. Malaysian shoe guru Jimmy Choo plans teaching academies (Yahoo) “Malaysian-born luxury

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