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Jul 7 2008
10:26AM
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Morning Hemlines: Penney's, Geox, Vuitton & Ferragamo
Vacancies at U.S. malls are at their highest point since 1995 as rent growth drops and more stores file for bankruptcy, report says. (Bloomberg)
JCPenney will pull back on store openings and renovations in light of bleak economic outlook for the coming year. (WSJ)
Geox takes on Adidas and Nike with newly launched running shoe; company chairman Mario Polegato says focus on sweat-combating technology gives Geox an edge. (CNBC)
Louis Vuitton opens boutique in Chicago Nordstrom in first manifestation of new business partnership. (WWD)
Salvatore Ferragamo pursues expansion plans with new men's store in L.A. (DNR)
by Sean Santiago
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