Burberry's Sales Growth Slows in First Quarter (WSJ)
"U.K. luxury fashion group Burberry PLC Wednesday reported a further slowdown in sales growth in its fiscal first quarter as the economic downturn continued to hold back demand, but the company remains confident it can deliver growth over the long term." Click here for a behind the scenes look at the most recent Burberry campaign featuring Emma Watson.
H&M Sales Fall 5%, Miss Forecasts (WSJ)
"Fashion retailer Hennes & Mauritz AB Wednesday reported a worse-than-expected drop in comparable store sales in June, as consumers continue to rein in spending amid the economic slowdown."
Throwaway fashion 'must end' as chain launches 100 day returns policy (Telegraph)
"The recession has boosted the popularity of ultra-cheap clothing, with Tesco, Asda and Primark's clothing sales all performing well over the last year. However, Anthony Thompson the head of George, Asda's clothing business and the country's third biggest fashion retailer, said: 'I am appalled at the whole concept of throwaway fashion. It's not right at any time, and it's definitely not right in a recession.'"
WGSN to provide business updates to tap Indian fashion market (DNA India)
"WGSN with its understanding and insights of global fashion and experience of working with Fortune 500 companies, plans to partner with the Indian fashion industry to identify opportunities and the process to become a global player."
Hilfiger to be lead designer for Chicago fashion incubator (Chicago Sun-Times)
"Furthering Mayor Richard Daley's efforts to turn Chicago into the trendy Windy City and to attract worldwide attention, the city and Macy's are expected today to name fashion designer Tommy Hilfiger as 'master designer' for the city's Fashion Incubator."