Fast Retailing profit soars, NYC fashion incubator, Hardy for Hermès, Retail rebound, CreateThe’s James Gardner

| Daily Digest

Uniqlo's +J Spring/Summer 2010 | Source: Uniqlo

Uniqlo parent raises forecast on brisk H1 results (Reuters) “Fast Retailing reported 43 percent growth in first-half operating profit on Thursday, helped by strong sales at its Uniqlo budget fashion chain, and raised the full-year outlook.” Garment District Hothouse (NY Times) “The most intriguing results may lie in how they relate to the neighborhood, which has been declining as a center of fashion

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New Look IPO confirmed, Valentino rebounds, Uniqlo comes up short, CFDA incubator, The Luxury Prime

| Daily Digest

Giles Deacon for New Look | Source: Journal Live

New Look to raise £650m in IPO as it takes on high street old guard (Telegraph) “New Look aims to raise £650m by returning to the stock market, giving it the funds to repay debt and keep taking business from high street stalwarts Marks & Spencer and Next.” Valentino Sales Rebound May Signal More Openings, Chief Says (Business Week) “Retailing revenue rose at a ‘double-digit’ pace in the last two

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Uniqlo | A Feel-Good Commodity

| Tokyo

The colours of Uniqlo | Source: Uniqlo

TOKYO, Japan — For the last two years, the inverted black triangle — Japan’s version of the minus sign — has infected monthly earnings reports at most of the nation’s retail chains. The global recession has been almost universally bad for the apparel market. Japanese customers are just not spending on fashion like they used to. There’s one exception, of course: Uniqlo.  For the fiscal year ending in August 2009,

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Yohji files for bankruptcy, Bulgari sees improvement, US retailers gain, Uniqlo boom, Lacroix offer on table

| Daily Digest

Yohji Yamamoto

Designer Yamamoto files for bankruptcy protection (AP) “Japanese fashion design house Yohji Yamamoto said Friday it has filed for bankruptcy protection, citing slumping sales amid a global downturn.” Bulgari CEO Says Sales Are Improving, Led by Asia, Handbags (Bloomberg) “Bulgari SpA, the world’s third- largest jeweler, said sales improved in the second part of the year, led by gains in Asia, its biggest market,

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Versace closes in Japan, Legal fashion, Parisians queue for Uniqlo, High street exploitation, Retail deflation

| Daily Digest

Versace A/W 09 ad campaign | Source: Versace

Versace to Close Japan Stores, Will Review Strategy (Bloomberg) “Gianni Versace SpA will close its Japanese stores and review its entire business strategy, as demand for luxury goods declines in the world’s second-largest economy.” Developing their fashion sense (Globe and Mail) “New York Fashion Week, a semi-annual sea of runways under tents in that city’s Bryant Park, is one of the last places you’d

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