The Prince of Polo (Fast Company)
“By associating Ralph Lauren with new digital technology, David has done more than imbue the brand with a current vibe. He has, in the process, made the company a progressive leader among fashion peers. In 2009, David produced an online-only fashion show for Ralph Lauren’s heritage Rugby brand that, for the first time ever, allowed viewers to shop the looks in real time.”
Red Faces at Louboutin? (On the Runway)
"A court ruling today refused to grant a preliminary injunction requested by Christian Louboutin against Yves Saint Laurent, alleging trademark infringement on shoes that featured red soles suspiciously similar to those of Louboutin’s. The decision not only cleared the way for YSL to continue producing its shoes, but also seemed to give coverage to other shoe manufacturers who may want to add a scarlet underpinning to their own future models."
Macy's quarterly sales, profit surge (LA Times)
"Macy's Inc., saying it had its most successful second quarter in more than a decade, reported a surge in profit and sales and raised its full-year outlook. The department store giant Wednesday reported profit of $241 million, or 55 cents a share, compared with $147 million, or 35 cents, in the same quarter last year... Profit, sales, operating income and cash flow all exceeded expectations for the quarter that ended July 30, the company said."
Kleiner Perkins and the emerging market entail game (FT)
"Kleiner Perkins Caufield & Byers, the Silicon Valley-based venture capital firm, has announced that, together with NY/Beijing-based Tiger Global Management, it is investing $26m in Trendyol.com, the fastest growing, biggest fashion etail site in Turkey... This is the first time Kleiner had invested in a Turkish company, and only its second fashion etail investment, after renttherunway.com."
Sales Down for All Fashion Magazines Except Vogue (Thread NY)
"According to a new report in WWD, Vogue was the only magazine to show an increase in sales in the first half of 2011, and it's largely because of one cover in particular: Lady Gaga, who appeared on the magazine's March issue... While sales for all other fashion magazines were down during that period, according to the report, the March 2011 issue was up in sales by 100,000 copies over the March 2010 issue."