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Morning Hemlines: Tiffany, Zara   Morning Hemlines: NexCen, Penney, A&...
Aug 12 2008 12:23PM EDT

Morning Hemlines: Retail, Liz, Macy's, Cotton, Gap, DVF, Hugo Boss

U.S. retail sales dropped July by 0.1 percent, thanks to high gas prices and tigher credit. (Bloomberg)

Liz Claiborne reports a loss of 23 cents a share for the first quarter. (WWD) Isaac has his work cut out for him.

Macy's takes a sales and profits hit, too. (WWD)

Why have cotton prices spiked this year, jumping as much as 16 percent in a day? It's complicated. (WSJ)

It's been overtaken by Zara, but Gap isn't dead yet. (Portfolio.com)

Diane von Furstenberg will write a column for Departures on her jet-setty life, starting with the November/December issue. (Vogue U.K.)

Tony Lucia, who has run Hugo Boss' U.S. business for the past decade, has left the company. (DNR)

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