Kenzo’s comeback, Garment sector takes stock, Nordstrom sales down, Takashimaya takes a hit

| Daily Digest

Kenzo S/S 09

Kenzo fashions its global comeback (Business24-7) “Heading into the hot seat during a global downturn isn’t always easy, but if there are any stylised butterflies in James Greenfield’s stomach as he spearheads a revival of Kenzo, he isn’t letting it show.” 11.8 million worldwide job losses in textile & garment sector (Fibre2Fashion) “The impact of the economic crisis on the textile, garment,

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Nordstrom lowers prices, Retailers lobby government, Eastern European turmoil, H&M opens in Korea

| Daily Digest

Nordstrom to Lower Prices (WSJ) Prices have gone up in recent years at Nordstrom, but this year, the retailer’s average prices will decline. Retail bosses to lobby government over rate rises (Drapers) “The UK’s largest store groups have united to urge the Government to reverse plans to push through significant rate rises that will add tens of millions of pounds to retailers’ annual costs.” Economic turmoil in

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Luxury market resolutions, Anthropologie’s workshops, Children’s wear grows, “Buzzworthy” retailers

| Daily Digest

New Year

New Year’s Resolutions for the Luxury Market (US News & World Report) With the luxury market “receiving a beating this year,”the US News & World Report lists strategies for the industry to “resuscitate itself and land firmly on its feet.” Anthropologie Engages Shoppers With Craft Workshops (WWD) Anthropologie, the U.S. specialty store chain, holds a series of events to “teach women how to

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