Coach Droops As Kors Grabs Handbag Customers In Slowdown: Retail (Bloomberg)
"The largest U.S. maker of luxury leather goods is facing rising competition from companies, such as Michael Kors Holdings Ltd, piling into the lucrative handbag category that Coach has dominated for more than a decade."
London awaits Olympic effect on trade (FT)
"To many Londoners, however, the city is looking and feeling emptier than usual. Tony Travers, a London expert at the London School of Economics, said: 'If it turns out to be the case there is a big drop-off in business because of exaggerated claims on transport, then that would be unfortunate to say the least.'"
J.Crew To Open First Asian Store In Hong Kong (Bloomberg)
"J.Crew Group Inc., the apparel retailer whose customers include U.S. First Lady Michelle Obama, is planning its first Asian store in Hong Kong targeting tourists from mainland China that totaled 28 million last year."
Haute wheels: Fashion takes a cue from food trucks (AP)
"The first time the brakes went out in her trailer/store, Joey Wolffer ran a stoplight and worried what would happen to her high-end accessories inside. Two years later, she has a close relationship with a mechanic, knows the best spot to park in New York's Meatpacking district and has a devoted summer following in the Hamptons."
Meet Lanvin's Unlikely New Face, Jacquie Tajah Murdock (Daily Beast)
"Fashion houses usually release ad campaigns featuring ambiguously young pin-thin models or shining starlets set to open a big upcoming movie. But not Lanvin. The luxury brand’s fall 2012 campaign, released in part on Wednesday, features Jacquie Tajah Murdock, an 82-year-old African-American woman."