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Morning Hemlines Burberry Af Textiles Pat Field

Fashion Inc.

by Sara Clemence
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Morning Hemlines: Bon-Ton, Luxury, Jack Spade, McCain and Obama, Sir Green, LA Fashion Week   Morning Hemlines: Vogue, H&M, Luxury, Gap, Retail, BFA

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Oct 14 2008 9:43am EDT

Morning Hemlines: Burberry, A&F, Textiles, Pat Field

Burberry's sales defied the slump in the quarter ending September 30, shooting up 17 percent to $$575 million. (Bloomberg) The company warned that the third quarter remains "volatile and uncertain." (WWD)

Morgan Stanley has cut its holdings in Abercrombie & Fitch to under 5 percent. Mutual fund giant FMR has increased its share to nearly 11 percent. (DNR)

The U.S. textile industry, already under pressure from imports, is taking a hit from the credit crunch. (WWD)

Patricia Field is doing a line for British department store Marks and Spencer. (The Independent)

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