Once unique, Lululemon faces rivals on all sides (MSN Money)
"When Lululemon Athletica Inc opened its first U.S. shop in 2003, its form-fitting yoga pants, free classes and Pacific Northwest vibe were a revelation to its new American customers. They had never seen another retailer like it. But time has caught up with the Vancouver-based retailer. Lululemon, closely watched by investors because of its meteoric rise, now faces a cluster of competitors whose stores and products bear a striking resemblance to its own."
Prada seeks $55 million refund from Italian tax body (Reuters)
"Fashion house Prada said it would be demanding a 42 million euros (34 million pounds) refund from Italian tax authorities on revenues it made at its Netherlands-based holding company."
eBay Has Turned Into A 'Fast Fashion Graveyard' (Business Insider)
Ambitious eBay merchants camped out for days and bought up everything they could once inside the store. For years, they've been able to sell the items at huge mark-ups for hundreds or even thousands of dollars. But now, people have stopped buying the clothes, leaving eBay with a "graveyard" of unsold merchandise..."
Diving Into The Fashion World, Feet First (Style.com)
"This has been a threshold year for Dellal, one that saw her launch a range of bridal footwear, collaborate with Victoria Beckham, and open her first stateside store on New York’s Upper East Side. More generally, 2012 was the year that Charlotte Olympia firmly and finally established itself as a go-to brand for VIPs looking to rock a glam shoe on the red carpet."