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Fashion Inc.

Nov 24 08 10:19am EDT

Morning Hemlines: Mervyn's, Fred Leighton, Imitation of Christ, Holidays, Luxury Ads, Vintage

Cerberus Capital Management and the other private equity investors in department store chain Mervyn's made $250 million off the deal--even though the company is shutting down, and 18,000 workers being laid off. (WSJ) Analysts foresee a grim holiday season for ... Continue


Nov 20 08 9:24am EDT

Morning Hemlines: Steve & Barry's, Limited, Barneys, Marc Jacobs, Hicks, Pilati

Steve & Barry's files for bankruptcy for the second time this year. (WWD) Limited Brands' profits were down 65.7 percent in the third quarter, but still beat analyst expectations. (WWD) Barneys is considering opening a store in Beijing, talking to ... Continue


Nov 19 08 10:21am EDT

Morning Hemlines: Saks, Woolworths, Project Runay, Consumer Prices

Saks has been hit hard by the economy--consumers are "in frozen mode, shell shocked," said C.E.O. Stephen Sadove. (WSJ) Woolworths is in discussions to sell its 800-store retail chain to Hilco, which bought the MK One fashion chain earlier in ... Continue


Nov 18 08 9:58am EDT

Morning Hemlines: Wintour, Saks, Burberry, Steve & Barry's, Carrefour, Claiborne, Wang

Anna Wintour considering retirement? (NY Post) Saks takes a $48.2 million loss, with women's clothing hit especially hard. (WWD) Private-equity firm Bay Harbour Management is shutting down Steve & Barry's, the discount chain it bought out of bankruptcy just three ... Continue


Nov 17 08 9:46am EDT

Morning Hemlines: Penney, A&F. J. Crew, Tom Ford, Brioni, Luxury

J.C. Penney and Abercrombie & Fitch both saw profits drop in the third quarter and lowered their outlooks. (WSJ) High-end jewelers say more browsing than buying is taking place in their stores. (WWD) Michelle Obama's patronage has helped J ... Continue


Nov 14 08 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 ... Continue


Nov 13 08 10:50am EDT

Morning Hemlines: Tod's, Discounters, Urban Outfitters, Interview Suit

With consumer spending down, there are designer deals to be had at discount stores. (WSJ) Tod's SpA reported a 13.1 percent increase in operating profits for the first three quarters of 2008. (WWD) Urban Outfitters' earnings rose 30.6 percent rise ... Continue


Nov 12 08 10:02am EDT

Morning Hemlines: Macy's, Geen. General Growth, Beijing, Versace

Macy's took a loss of $44 million in the third quarter, compared to earnings of $33 million a year ago. (WWD) Sir Philip Green's family investment company, Warbeck, bought 28 percent of Moss Bros, a British men's chain. (DNR) General ... Continue


Nov 11 08 11:00am EDT

Morning Hemlines: Claiborne, SJP, Fortunoff, Boutiques

Liz Claiborne posted a third quarter loss of $68.7 million, down from a gain of $33.1 million for the same period last year. (WWD) Independent fashion boutiques are getting especially squeezed by the credit crunch. (WSJ) Sex and the City ... Continue


Nov 10 08 10:21am EDT

Morning Hemlines: Asprey, Marc Jacobs, H&M

Marc Jacobs has signed licensing deal for Renzo Rosso to produce and distribute his men's wear collection. (WWD) More than 2,000 people waited in line for the debut of H&M's Comme des Garçons collection in Tokyo. (WWD) British luxury brand ... Continue


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