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The fashion house just isn't selling enough product these days. Join the club.
Johnson wouldn't reveal the reason for the cancellation, but Valvo's camp admitted that they need to save some cash.
"I have moved to a smaller house in Paris, and I don't fancy having so much staff now."
All the same, earnings are down more than 83 percent from a year ago.
Unlike stores like American Eagle, Abercrombie is not lowering prices to get consumers to spend, and they're paying for it.
The label wants to save money, especially since one-fourth of the seats were empty in the last show.
In the future, luxury analysts estimate, carrying an "It" bag will point to a lack of individual style.
But it gets worse: The CEO of Nicole Miller says, "We're Red Roofing it." Egad!
It has become 'fashionable' for socialites to talk about sample sales and bargain shopping at the hair salon.
By up to 10 percent! For once, we can thank the dollar, which has considerably increased in value against the euro.
"I got the $200 ones instead of the ones that were $400. Just 'cause I'm trying to be, you know, a good person."
The CEO insists 2009 will be a profitable year.
The ailing economy has thwarted the legendary eighteen-year tradition.
According to a new survey, yes. Yes, you will.
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