Women of Wang, Hermann to Reed Krakoff, Nordstrom to buy HauteLook, CNN fashion, Digital fashion moment

| Daily Digest

Alexander Wang's dance party | Source: Modelinia

Women of Wang (New York Magazine) “He’s built an approximately $25 million business on cool but benign day-into-night clothes for lithe, pragmatic downtown girls who all appear to work in galleries or PR… anything vaguely “creative.” Wang synthesized the street-style-blog-derived notion of looking like a “model off duty,” a louche fantasy of effortlessly sexy living if ever there was one.” Reed Krakoff Names

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Nordstrom innovates, Emerging fashion, American Apparel warned, Content is king, Condé Nast courts India

| Daily Digest

Laura Theiss Autumn/Winter 2010, at Début | Source: Début New York

Nordstrom Links Online Inventory to Real World (NY Times) “The company wove in individual stores’ inventory to the Web site, so that essentially all of the stores were also acting as warehouses for online. Results were immediate… It also means that inventory is moving faster, and often at higher prices.” The Demand for Emerging Fashion: Part I (Huffington Post) “[The first trend] noticed was brand exhaustion

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J.Crew’s leading man, Logo-less luxe, Hermès goes street, Nordstrom matches view, Diane Pernet’s world

| Daily Digest

J.Crew Takes a Leading Role in Men's Fashion (Bloomberg) "The men's fashion landscape has long been dominated on one side by luxury brands... [or alternatives] that no longer seem au courant.  J.Crew has emerged in this void as the merchant of a new style that bridges work and leisure, youth and age, vintage and contemporary, gay and straight." Will Chinese Shoppers Embrace Luxury Goods–Sans Logo? (Forbes) "Although luxury shoppers in established, recession-stung markets may gradually be lured back into stores by understated items...will this trend appeal to potential buyers in emerging — and lucrative — markets like China, where garish still equals good?" Hermès launches street style website (MyFashionLife) "Dedicated solely to its signature square scarves, the new website, called…

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Nordstrom Rack hits NYC, Jane Shepherdson’s magic touch, More than clicks, Designer dreams, Cruisin’ with Karl

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Nordstrom Rack Campaign Spring/Summer 2010 | Source: Nordstom

Discount Store Is New York Beachhead for Nordstrom (NY Times) “After more than a century, Nordstrom, the upscale department store chain from Seattle, will make its Manhattan debut… But don’t expect $4,000 dresses. Expect 25,000 pairs of discounted shoes, and an automated checkout line more at home in a supermarket than a purveyor of luxury goods.” Jane Shepherdson: why we want what she’s wearing (Times Online)

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Nordstrom profit drops, Escada crumbles, AA ekes out profit, Harrod’s secret, Designers learn the ropes

| Daily Digest

Nordstrom 2Q Profit Drops 27% But Raises Full-Year View (WSJ) “Nordstrom Inc.’s fiscal second-quarter profit decreased 27 percent as the high-end clothing retailer reported lower same-store sales. But disciplined inventory and expense management helped the company report results in line with Wall Street’s expectations, and Nordstrom became slightly less downbeat about the same-store sales decline this year.”

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