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Morning Hemlines Arcadia Cashmere P Diddy Holiday Spending

Fashion Inc.

by Sara Clemence
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Morning Hemlines: Hilfiger, Banana Republic, Garrard, Coach   Morning Hemlines: Gucci, Hilfiger, Obama, Palin, Spas, Wexner

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Oct 22 2008 9:36am EDT

Morning Hemlines: Arcadia, Cashmere, P. Diddy, Holiday Spending

British retail company Arcadia Group said pretax earnings were down 5.1 percent fort he year ending August 30, but Topshop, Topman, and Miss Selfridge did well. (WWD)

Knitwear makers are scaling back on their use of cashmere in favor of less expensive materials. (WWD)

Sean "P Diddy" Combs is buying denim label Enyce from Liz Claiborne. (Reuters)

Nearly 60 percent of consumers surveyed by Deloitte said they would spend less this holiday season. (WSJ)

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