Fashion Deflation (Forbes)
In anticipation of consumers' budget cuts, expect lower prices from designers and retailers.
H&M unveils full concept store in Moscow (Fibre2Fashion)
Despite the global recession, H&M opens up shop in Moscow.
London retail sales hold up (Drapers)
"London retail sales rose 5.9% on a like-for-like basis in February outperforming the rest of the UK, which recorded a 1.8% fall in like-for-like sales over the month."