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Morning Hemlines: Saks, Target, Chan...   Morning Hemlines: Gap, Ann Taylor, B...
Aug 21 2008 9:55AM EDT

Morning Hemlines: Steve & Barry's, Limited, PVH, Anna Sui, Gap, Fall, McMullan

Steve & Barry's gets bought: Bay Harbour Management bid $168 million at auction for the discount chain, and agreed to keep its 276 stores open. (WWD)

Profits at Limited Brand, owner of Victoria's Secret and Bath and Body Works, fell 62 percent for the fiscal second quarter. The company did raise its full-year outlook, saying it is running a tight ship. (WSJ)

Phillips-Van Heusen saw strong growth in licensing for Calvin Klein, but still had a 25.3 percent drop in earnings. (DNR)

Anna Sui is trying to save New York's garment district with--what else?--clothing. "Save the Garment Center," reads her new tee. (WWD)

Retail analysts like Gap designer Patrick Robinson. Now if only that could translate into actually selling clothes... (NY TImes)

Cathy Horyn looks at the fall styles for consumers. (NY Times)

Photographer Patrick McMullan is launching a luxury mag--just for iPhone users. (Folio)

In case you missed it--Portfolio.com highlights 15 executive style icons, from Oprah to Steve Jobs.

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