Japan's economy shrinks 3.3% (IHT)
The world's second largest economy is experiencing its worst downturn in 35 years.
Sombre start to NYFW (Drapers)
"New York Fashion Week got off to a somewhat sombre start on Friday, according to reports from the US, with collection sizes reduced by up to 25%."
New York week opens with an '80s glam slam (IHT)
"Rather than leaping into the future, designers are looking back to a previous period when women were strong, powerful and dressed to suit: the 1980s."
Forever 21 to Open Larger Concept in L.A. (WWD)
"Fast-fashion chain Forever 21 plans to launch a prototype in California this year that will double its average store size." (Subscription required)