Dowdy Department Stores Start Looking Cool Again (WSJ)
“The sector, long derided for dowdy merchandise, maze-like stores and crumbling facades, is making a comeback. Macy’s Inc., Nordstrom Inc. and Kohl’s Corp. are posting solid sales gains even as consumers remain cautious and manufacturing costs rise—and they are poised to continue the streak this fall.”
Lagerfeld for the Masses, Again (On the Runway)
"Macy’s unveiled its newest fast-fashion collection, this one designed by Karl Lagerfeld... What struck me about the designs, actually Mr. Lagerfeld’s second endeavor into the mainstream market, after his pioneering collection for H&M in 2004, was how much more sophisticated they seemed."
Chinese, U.S. demand helps boost Adidas sales forecast (Reuters)
"Adidas, the world's second-largest sports clothing company, raised its year forecasts again on Thursday after seeing a 5 percent rise in sales in the second quarter thanks to strong demand in China... The German group said on Thursday it now expects sales this year to be up 10 percent and earnings per share up by 15 percent, with demand in North America also remaining strong."
Retail Sales Rise at Expensive Stores but Are Mixed Elsewhere (NY Times)
"New data from July shows that the retail economy is locked on two tracks: one for businesses that cater to the well-to-do, and the other for everyone else... While expensive stores turned in strong results, including a startling 15.6 percent increase at Saks Fifth Avenue, almost double what analysts had predicted, middle- and low-end stores were largely dependent on marked-down summer clothes for their increases."
A Small Victory for Christian Louboutin in the Suit Against Yves Saint Laurent (The Cut)
"A development in the case, which should set a precedent as to whether other luxury shoe labels can safely design shoes with red soles for aesthetic rather than branding reasons, seems to suggest Team Louboutin may have an edge... The judge ruled in Louboutin's favor on that chart, as well as on other disputed YSL exhibits."