Fashion Inc.
Cerberus Capital Management and the other private equity investors in department store chain Mervyn's made $250 million off the deal--even though the company is shutting down, and 18,000 workers being laid off. (WSJ) Analysts foresee a grim holiday season for ...
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Steve & Barry's files for bankruptcy for the second time this year. (WWD) Limited Brands' profits were down 65.7 percent in the third quarter, but still beat analyst expectations. (WWD) Barneys is considering opening a store in Beijing, talking to ...
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Saks has been hit hard by the economy--consumers are "in frozen mode, shell shocked," said C.E.O. Stephen Sadove. (WSJ) Woolworths is in discussions to sell its 800-store retail chain to Hilco, which bought the MK One fashion chain earlier in ...
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Anna Wintour considering retirement? (NY Post) Saks takes a $48.2 million loss, with women's clothing hit especially hard. (WWD) Private-equity firm Bay Harbour Management is shutting down Steve & Barry's, the discount chain it bought out of bankruptcy just three ...
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J.C. Penney and Abercrombie & Fitch both saw profits drop in the third quarter and lowered their outlooks. (WSJ) High-end jewelers say more browsing than buying is taking place in their stores. (WWD) Michelle Obama's patronage has helped J ...
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Nobody is buying anything: U.S. retail sales sank a record 2.8 percent in October, the fourth drop in a row. (WSJ) Richemont, owner of Cartier and Chloe, said sales in October were up 1.6 percent, but down 2 percent not ...
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With consumer spending down, there are designer deals to be had at discount stores. (WSJ) Tod's SpA reported a 13.1 percent increase in operating profits for the first three quarters of 2008. (WWD) Urban Outfitters' earnings rose 30.6 percent rise ...
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Macy's took a loss of $44 million in the third quarter, compared to earnings of $33 million a year ago. (WWD) Sir Philip Green's family investment company, Warbeck, bought 28 percent of Moss Bros, a British men's chain. (DNR) General ...
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Liz Claiborne posted a third quarter loss of $68.7 million, down from a gain of $33.1 million for the same period last year. (WWD) Independent fashion boutiques are getting especially squeezed by the credit crunch. (WSJ) Sex and the City ...
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Marc Jacobs has signed licensing deal for Renzo Rosso to produce and distribute his men's wear collection. (WWD) More than 2,000 people waited in line for the debut of H&M's Comme des Garçons collection in Tokyo. (WWD) British luxury brand ...
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Ann Taylor and Talbots are making more cuts. (WSJ) Barney's will likely open its new meatpacking district location at 402 W. 13th Street. (Fashion Week Daily) Warnaco had higher third-quarter results, but dampened its forecast for the year, saying Q4 ...
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Hermes said its third-quarter sales were up 4 percent, to about $620 million, but the rest of the year will be difficult. (WWD) October retail sales reports were mostly below already low expectations. Wal-Mart was one exception. (WSJ) Bob Green ...
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Polo Ralph Lauren defies the downturn. Second quarter net profits rose 40 percent, to $161 million. (WWD) Alexander McQueen will design a clothing line for Target as part of its Designer Collaborations program, starting in March. (WWD) Michelle Obama wore ...
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Marks and Spencer's profits for the first half of 2008 dropped 43.6 percent, to $430 million. (WWD) Moody's downgraded Barney's debt to "Caa1" from "B3" on Monday. (WWD) Court documents show that American Apparel settled a sexual harassment suit with ...
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JA Apparel Corp.'s Joeph Abboud label is suiting up the NBA's coaches in a three-year deal. The company inked a similar agreement with the NFL in August. (WSJ) Proctor & Gamble has brought on designer Marco Zanini to revive Rochas' ...
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Barack Obama promises to support major textile industry policy positions if he makes it to the White House. (WWD) Avon's third-quarter net income was up 60 percent, thanks to strong beauty sales. Adjusted earnings still missed analyst targets. (AP on ...
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Jones Apparel Group's net income fell 93,2 percent for the quarter ended October 4, still beating analyst expectations by a penny. (WWD) "This is Wal-Mart's time," said president and C.E.O. H. Lee Scott said at the comany's annual analyst and ...
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Two hedge funds that together own 5.27% of Dillard's Class A shares are calling for the ouster of the department store chain's C.E.O., William Dillard II, and members of his family. They are "overpaid and underqualified for the positions they ...
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Giorgio Armani, Ralph Lauren once again top DNR's Power 100 list of the most powerful people in men's fashion. (DNR) Liz Claiborne cut its projections for 2008, expecting to lose 8 to 14 cents a share, versus the 33 cents ...
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PPR's sales edged up 1.7 in the third quarter, thanks for luxury goods and Puma. (WWD) Target Corp. is dealing with the economic slowdown with everything from changes to ad circulars to a fabric sourcing program. (WWD) Ashley and Mary-Kate ...
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Recent Blog Posts
- Morning Hemlines: Mervyn's, Fred Leighton, Imitation of Christ, Holidays, Luxury Ads, Vintage
- Nov 24 2008 10:19AM EST
- Morning Hemlines: Steve & Barry's, Limited, Barneys, Marc Jacobs, Hicks, Pilati
- Nov 20 2008 9:24AM EST
- Morning Hemlines: Saks, Woolworths, Project Runay, Consumer Prices
- Nov 19 2008 10:21AM EST
- Morning Hemlines: Wintour, Saks, Burberry, Steve & Barry's, Carrefour, Claiborne, Wang
- Nov 18 2008 9:58AM EST
- Morning Hemlines: Penney, A&F. J. Crew, Tom Ford, Brioni, Luxury
- Nov 17 2008 9:46AM EST
- Morning Hemlines: Macy's, Benetton, Richemont, Nordstrom, John Lewis, Alexander
- Nov 14 2008 9:36AM EST
- Morning Hemlines: Tod's, Discounters, Urban Outfitters, Interview Suit
- Nov 13 2008 10:50AM EST
- Morning Hemlines: Macy's, Geen. General Growth, Beijing, Versace
- Nov 12 2008 10:02AM EST
- Morning Hemlines: Claiborne, SJP, Fortunoff, Boutiques
- Nov 11 2008 11:00AM EST
- Morning Hemlines: Asprey, Marc Jacobs, H&M
- Nov 10 2008 10:21AM EST
- Morning Hemlines: Ann Taylor, Barney's, Warcano, True Religion, Net-a-porter, Obama
- Nov 7 2008 10:24AM EST
- Morning Hemlines: Hermes, Retail, Obama, Thakoon, Disney
- Nov 6 2008 11:00AM EST
- Morning Hemlines: Polo, McQueen, Obama
- Nov 5 2008 10:58AM EST
- Morning Hemlines: M&S, Barney's, American Apparel, Puma, Politics
- Nov 4 2008 11:18AM EST
- Morning Hemlines: Abboud, Rochas, Mad Men, Dillard's, Hardison
- Nov 3 2008 10:41AM EST
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