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Oct 10 2008 10:36AM EDT

Morning Hemlines: Takashimaya, Ann Taylor, Diesel, Retail Stocks

Japanese department store companies Takashimaya and H2O Retailing will merge, creating the second biggest department store group in the country. (WWD)

Retail stocks saw a huge one-day drop on Thursday. (WWD)

Ann Taylor Loft
and Procter & Gamble are partnering to sell Tide Total Care and Downy Total Care in the clothing chain's stores. (NY Times)

Hundreds of people were waiting in line in New York this morning to buy Diesel's limited-edition Dirty Thirty jeans. (Racked)


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