Christian Lacroix’s in need of new financial backing. Florida based Falic Group, who bought the house from LVMH in 2005 is said to be looking for someone to buy a majority stake in the company. In the past four years, they’ve opened two stores stateside and almost doubled the number of employees. Still, they’re not Read more →
The Wall Street Journal just reported that Claudio Scajola, Italy’s minister of economic development, has made good on his promise to pump some money back into the ailing fashion industry in his home country. He’s meeting with fashion industry leaders tonight in Rome at 7pm local time to present them with a plan that should Read more →
Just because women have stopped buying shoes doesn’t mean they’re unwilling to drop a couple hundred bucks for tickets to a runway show. American Express told the Wall Street Journal yesterday that they sold 97% of their $150 – $250 Fashion Week packages within five days. Most of those tickets are to Diane von Furstenburg’s Read more →
Remember back in November when we declared Macy’s status as somewhere around “screwed“? That’s why it, sadly, comes as no surprise that Macy’s just announced the closure of eleven locations nationwide, including the one at the Ernst & Young Plaza in Los Angeles, which has been in operation since 1986. Each store (except for the Read more →
This might be the first interesting thing we’ve read about the recession since it started to take over the country’s news flow: Some design companies, like Lutz & Patmos, have started hiring factors – people who assess boutiques’ credit worthiness so that designers can decide whether they’re willing to accept an order from a particular Read more →
The past month has seen two major New York store openings. Vera Wang opened up shop in Soho while Miu Miu added a third New York City location on 57th St, both of which seemed to laugh in the face of economic catastrophe. It’s a good thing Vera Wang opened that store – she needs Read more →
Betsey Johnson won’t be showing at the Bryant Park tents this February. Betsey, who’s shown her past five collections in the park, is scaling back the presentation of her Fall 2009 collection in light of the recession. She usually shows to more than 1000 buyers and editors in the main tent; this time around she’ll Read more →
There’s a particularly fun fact buried in a lengthy article on bargain shopping in the Wall Street Journal today. In explaining the sudden surge in high-end designer goods in stores like TJ Maxx and Filene’s Basement, a TJ Maxx spokesperson said, “With department stores canceling orders, we’re getting additional brands. They have excess product. They Read more →
We put as much trust in the labels on our clothing as we do in the labels on our food. As in, we believe whatever it says. But apparently, this may not be so smart. The Humane Society just filed a pretty hefty lawsuit against Dillard’s, Lord & Taylor, Macy’s, Saks, Neiman Marcus and Andrew Read more →
No matter which side of the proverbial aisle somebody’s on, if they’re truly into fashion, they seem to be incredibly interested in what the next First Lady wears, some even going so far as to dub her “Lady O,” an obvious reference to our last First Lady style icon, Jacqueline Kennedy. But here’s what’s interesting Read more →
Even though each day brings more and more clothes at deeper discounts these days, even though the highest of the high-end are lowering their prices in the US, and even though their sales for the third quarter decreased 46% (and even though holiday sales account for nearly half their total sales), Abercrombie says it won’t Read more →
Marie Claire certainly knows how to generate some buzz in this dwindling ad climate: They’re following in the steps of Interview and GQ, and hiring a supermodel for some light editorial work. The December issue premieres Christy Turlington’s soon-to-be regular column, which will feature “topics such as politics, mothers around the world and her global Read more →
