‘Get-It-Cheap Party’ for Luxury Goods Ends at Saks, Barneys (Bloomberg)
"Luxury chains including Barney’s and Saks Inc. are selling costlier goods after scaling back discounts and promotions they offered to attract shoppers in the recession."
Outlook brightens for Italian luxury sector: study (AFP)
"Prospects for Italy's luxury goods sector are looking up thanks to strong sales forecasts in Asia, Latin America and the Middle East, the Altagamma Foundation said."
Luxury Industry Set for Mergers, Acquisitions (Bloomberg)
"The luxury-goods industry may be set for a new wave of mergers, acquisitions and initial public offerings as it recovers from its worst year on record, according to consulting firm Bain & Co."
Twitter Aims to Tweet Brands with Respect (Brandchannel)
"By chalking up its 100 millionth user, Twitter can no longer be denied as a media platform that's here to stay. ...Twitter this week unveiled a number of initiatives to leverage the brand to generate revenue."
What's Next: Fashion (WSJ)
"Five years ago, fashion designers Kate and Laura Mulleavy, founded Rodarte, a label they called after their mother's maiden name. Since then, the brand has earned a following in design circles."