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Fashion Inc.

by Sara Clemence
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Morning Hemlines: Tod's, Discounters, Urban Outfitters, Interview Suit   Morning Hemlines: Penney, A&F. J. Crew, Tom Ford, Brioni, Luxury

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Nov 14 2008 9:36am EDT

Morning Hemlines: Macy's, Benetton, Richemont, Nordstrom, John Lewis, Alexander

Nobody is buying anything: U.S. retail sales sank a record 2.8 percent in October, the fourth drop in a row. (WSJ)

Richemont, owner of Cartier and Chloe, said sales in October were up 1.6 percent, but down 2 percent not taking into account favorable exchange rates. The Americas were mostly to blame, but Europe and Japan were slow too. (WWD)

Benetton's third-quarter profits are up 12 percent. (WWD)

Nordstrom's profits fell 57.2 percent to $71 million in the third quarter. (DNR)

Macy's is thinking about consolidating, combining its four regional divisions into two. (WWD)

John Lewis, the British department store chain, saw sales fall 9.7 percent for the week ended November 8. (FT)

Designer Anand Jon Alexander, who made a guest appearance on "America's Next Top Model," has been found guilty on 20 counts of sexual assault. (Huffington Post)

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