Saks reasses, Marios to Halston, PVH loses but stays steady, Kate Moss for Topshop, The model/designer

Saks S/S 09 ad campaign, courtesy fo Saks

Saks swings to a loss as demand falters (MarketWatch) “Saks Inc. swung to a smaller-than-expected first-quarter loss Tuesday after the luxury retailer controlled inventory and expenses amid faltering demand for upscale goods.” Halston Taps Marios Schwab as Creative Director (WWD) “Ending one of the most speculated-about searches in recent months, Halston has tapped London-based designer Marios Schwab as its new

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Luxury’s breaking point, Versace’s loss, Blass hires, Topshop goes West, Richemont revives

Luxury’s Breaking Point (CNBC European Business) “MasterCard SpendingPulse reported luxury goods was the worst hit category in the final two months of 2008, with year-on year sales nosediving 34% between 1 November and 24 December in the US.”  Versace Profits Fall 30 Percent (WWD) Versace feels the effects of the downturn with a 30 percent decrease in net profits. (Subscription required) Bill Blass is Hiring

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Online clothing sales rise, Traditional retailers vs. E-commerce, Topshop in the US, The return of fur

Online clothing sales rise 32% in January (Drapers) “Online spending rose 19% in January, according to the IMRG Capgemini e-Retail Sales Index, with clothing and accessories sales online soaring by 32%.” Traditional Retailers Return Dismal Online Search Results (Seeking Alpha) Compared to e-commerce sites, “brick-and-mortar retailers – despite a slight increase in search presence over the past three years

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Japan’s Fast-Fashion Frenzy, McCartney’s new stores, Gap’s resurgence, Shoppers’ short attention

Japan's Fast-Fashion Frenzy (JC Report) "Japanese consumers have fallen head over heels for cheap clothing and may never turn back." McCartney Sets New Tokyo, Paris Stores (WWD) Although the brand is only seven years old, Stella McCartney has opened new stores in Tokyo and Paris. The Gap's Resurgence: Great Start to the Holiday Season (Seeking Alpha) At Gap, "spending is up significantly" for November 2008 compared to last November. Retailers Will Find It Hard to Keep Shoppers' Attention This Year (Seeking Alpha) Though Black Friday sales were impressive in the US, many analysts think that consumers wouldn't be able "to sustain their buying frenzy for the duration of the holiday season." People lining up to purchase goods at Topshop in…

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