Gap’s Profits Rise, But Not Because They’re Selling More Clothes
In fact, sales are actually declining.
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The Cut Posts Tagged:
‘the economy’
Steve & Barry’s Files for Bankruptcy Again
Last night's filing comes less than five months after its previous Chapter 11 filing.
Leighton Meester Lands Reebok Ad Campaign; Carla Bruni to Do ‘Rolling Stone’ Cover?
Also 'Twilight' gives Hot Topic a sales boost, and Members Only Launches denim.
Miu Miu Defies the Recession With Spiffy New Store
Shiny, golden, three floors, and 4,860 square feet, it symbolizes everything the economy is not.
Burberry’s Profits Soar; Lara Stone Injured Ankle in Rodarte Heels
Also, an Yves Saint Laurent retrospective with 300 couture gowns is being prepped in Paris for 2010.
Rich People Now Trying to Fit In by Acting Broke
It has become 'fashionable' for socialites to talk about sample sales and bargain shopping at the hair salon.
October Retail-Sales Drop Worst Since ‘92; Prada Launches Cheaper Bags
Also, sales of men's dress shirts plummet and the Obedient Sons label is inspired by a polygamist.
Versace, Christian Louboutin, Chanel, and More Slash Prices in U.S.
By up to 10 percent! For once, we can thank the dollar, which has considerably increased in value against the euro.
Donatella Versace Possibly Finger-Paints With Chinese Earthquake Victims
She visited elementary-school children in China and admired their artwork, but they didn't even know who she was.
Macy’s Sales Down $44 Million; Jennifer Aniston’s ‘Vogue’ Cover Quote Misleads
Also Condé Nast lays off Style.com staff, and Rihanna lights a snowflake in New York for Gucci next month.
Debt Threatens Prada, Escada, and More
As markets feel the crunch worldwide, it turns out that European stalwart houses aren't immune.
Online Shopping Preferred This Holiday Season; Elie Tahari Hearts Michelle Obama
Also, chilly october temperatures drive up sales, and items listed as "price upon request" aren't really made for sale.
Fashion Industry Awaits Obama’s First 100 Days; Preview Proenza’s New Handbags
Also, Dsquared2 dresses Usher for his tour, and Heidi Klum dances in her underwear.
Will You Shop More This Holiday Season If Obama Wins?
According to a new survey, yes. Yes, you will.
Retailers Vacate Madison; See Anna Wintour From Decades Past
Also consignment shop sales increase, and Tyra Banks offers career advice.
Uggs Defy the Economy, Despite How Bad They Are for Foot Health
Apparently they cause "painful tendon conditions, such as a plantar fasciitis."
Indians Scoop Up Luxury Goods in New Delhi
Their wealth remains intact despite the economic downturn.
Will ‘Mogue’ Cut Back to Two Issues Per Year? Or Fold Altogether? (UPDATED)
All Condé Nast titles must cut staffs and budgets each by 5 percent within weeks.
Stefano Pilati Talks Sex; Gap Cuts Costs With Paid Vacations
Also Bette Midler's Halloween costume: "community-supported agriculture."
The Stock Market Is Like a Bridal Sale; Sales Hit Sooner This Year
Also, Art Basel will include a Naomi Campbell photo exhibit, and Elton John only eats off Versace plates.
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