Morning Hemlines: Malls, Tiffanys, Burberry, McQueen, Guess? and Prices
Mall owners cut big checks to lure Steve & Barry's into their spaces, but are now left empty-handed by the bankrupt chain. (WSJ)
Tiffany lawsuit alleges that eBay acts as "a distribution network that allows the trading of counterfeit Tiffany merchandise." Just last month a French court ordered eBay to pay LVMH damages of $60 million for selling counterfeit goods; a similar ruling in the U.S. could change eBay's business model. (WWD)
Retailers from Levi's to Steve & Barry's have taken a hit from the economy, but Burberry may post a sixteen percent sales hike for the fiscal quarter that ended in June, presumably on the back of handbag sales and new store openings. (Bloomberg)
Fashion addicts rejoice as Alexander McQueen opens new store - in cyberspace. (WWD)
Guess joins J. Crew and Banana Republic on the up-market retail bandwagon, with the scheduled launch of its Black Label for men at price points 30-40% higher than its regular line. (DNR)
Price increases in oil and raw materials are expected to affect textile prices at the consumer level within a year. (DNR)
by Sean Santiago
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