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Burberry holds steady, Retailers embrace cheap-but-chic, Primark sales soar, Retail stocks drop, Wakeley returns

Burberry S/S 09 ad campaign, courtesy of Burberry
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  • BoF Team

Burberry wholesale sales slide (Drapers)
"Burberry's revenue rose 2% on an underlying basis and grew by 21% to £663 million for the six months ended March 31 but the luxury brand warned that wholesale sales would slide further in the next six months."

Do Discount Designer Duds Make The Grade? (WSJ)
"Recession-scarred retailers are turning to collections of cheap-but-chic designer clothing to lure customers who love fashion but are watching their pennies."

Primark sales hit £1bn in first half (Drapers)
"Primark's sales rose 18% to bust the billion pound barrier for the 24 weeks ended February 28."

Banking Concerns Push Retail Stocks Down Monday (WWD)
"Equity markets fell Monday, dragging retail stocks down 3.8 percent as investors fretted over signs of continuing weakness in the banking sector." (Subscription required)

Amanda Wakeley returns home (Telegraph)
"Amanda Wakeley, the British red carpet designer, has returned in triumph to the fashion scene, as the owner of her own label for the first time in more than a decade."

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