Seven & I to Shut Seibu Department Store on Sales (Bloomberg)
"Seven & I Holdings Co., Japan’s largest retailer, will shut a Seibu outlet on Dec. 25, its third department-store closure in two years as demand slumps for clothes and luxury goods... Department store operators Isetan Mitsukoshi Holdings Ltd. and J. Front Retailing Co. have also shut stores amid falling wages and rising job losses."
U.S. consumer confidence rises to 16-month high (Market Watch)
"A little more optimism about the current economic climate sent the U.S. consumer confidence index to a 16-month high in January, according to a survey released Tuesday by the Conference Board."
German fashion trade shows gaining momentum (Independent)
"Berlin-based fashion trade events Premium and Bread & Butter, running concurrently to Berlin Fashion Week January 20 - 23, recorded a rise in visitor figures, leaving organizers in a euphoric mood."
Royal spin set to get wool back in fashion (Herald)
"Yesterday Prince Charles lent his support to the cause at the launch of The Wool Project, which aims to bring the fashion, carpet and textile industries together to increase demand for wool and raise its worth to upland farmers."
Chanel and Armani, Under the Silvery Moon (IHT)
"Like a box of macaroons projected into cyberspace, the Chanel show on Tuesday played soft and citrus pastels against streamlined silver to make a strangely beautiful show."