Penney Weaves New Fast-Fashion Line (WSJ)
"J.C. Penney Co. is going to try running with a faster crowd.  [Unveiling] an unconventional collaboration with Mango, the closely-held Barcelona chain known for whipping up cutting edge looks that go from design studio to store shelves in as little as four weeks."

Societies May Fall, but Prices Do Not (NY Times)
"What surprises most when entering Lanvin's new three-floor shop on Madison Avenue is how packed with merchandise it is, and how intime it feels. At barely a month old, it already evokes a feeling of having been lived in."

Discovering Hats (WSJ)
"Gap and J. Crew say they have witnessed strong hat sales this spring and summer while department stores like Barneys New York have been expanding their assortments after years of general indifference to hats."

American Apparel warns of likely sales drop, loss (LA Times)
"Troubled clothing firm American Apparel Inc. said Tuesday that its second-quarter sales probably fell compared with a year earlier and that it expected to report a loss."

Things my mentor taught me (FT)
"Starting a business can be lonely and prone to failure – which is why many entrepreneurs take advice from those who have done it before. Five business founders speak about the people whose advice they valued."