Keeping zombies out of the mall (FT)
"The Garrard Street mall in Reading, a 40-minute drive from west London, is a warning to developers everywhere. Abandoned and soon to be demolished as part of a broader redevelopment... A lethal combination of thrifty consumers and a commercial real estate slump have turned malls into the walking dead of retail."
Michael Kors 1st-qtr profit rises, raises forecast (Reuters)
"Apparel company Michael Kors Holdings Ltd reported higher-than-expected quarterly profit, helped by rising sales at its own stores and the roll-out of its boutiques at department stores, and raised its full-year profit forecast."
Sales up 13% at American Apparel in Q2 (Fibre2Fashion)
"Comparing the second quarter 2012 to the corresponding period last year, net sales increased 13% to $149.5 million on a 14% increase in comparable store sales in the retail business, a 10% increase in net sales in the wholesale business and a 2% decrease in the average number of stores."
Narciso Rodriguez to advise at Banana Republic (Telegraph)
"Narciso Rodriguez will take up an 'advisory role' with the high street chain, which is owned by Gap and first arrived in the UK in 2008. Banana Republic hope the role, which was created especially for Rodriguez, will 'allow for a top industry talent to contribute to an already strong design and product development team.'"