Steve & Barry's shutting down all stores |
Casual clothing retailer Steve & Barry's will close all 173 of its remaining stores, liquidating $250 million of merchandise, the company's owners said. Coming at the start of the holiday shopping season, the closures will provide shoppers with heavy discounts on all store items. The action
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New Adidas campaign to be its biggest ever |
February 1st, 2009 marks the launch of a collaboration between Adidas Originals and three of the world's most unique and creative streetwear and fashion designers - Originals by Originals. Jeremy Scott, Alyasha and Kazuki have each created a mini collection of groundbreaking Adidas
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Matthew Williamson next H&M guest designer |
Known for his contemporary prints and colour-drenched creations modeled by Kate Moss, Helena Christensen and Jade Jagger, Matthew Williamson will be the next guest designer for H&M. The Swedish fashion concern will start with an exclusive women's fashion range at selected stores
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Retrospective exhibition YSL in San Francisco |
Yves Saint Laurent, considered as one of the most influential fashion designers in the second half of the 20th century, is honored with an exclusive US retrospective at the San Francisco's De Young Museum. The first Yves Saint Laurent retrospective since his death earlier this year displays more
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Launch of Victoria's Secret TV |
Broadcaster CBS announced that it would be expanding the Victoria's Secret Fashion Show presence through the use of multiple platforms including the on-air broadcast, a dedicated website and its own Victoria's Secret Fashion Show mobile television channel. On December 3,
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5th Avenue world's most expensive shopping street |
The world’s main shopping streets are proving largely resilient to the global economic downturn with retail rental levels rising or at least remaining stable in 94 per cent of 236 streets monitored. The findings were published by Cushman & Wakefields 23rd annual Main Streets
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Rihanna face for Gucci's Unicef campaign |
R&B star Rihanna has been unveiled as the spokesmodel for fashion house Gucci's new fundraising campaign for Unicef. The multi-platinum recording artist has partnered with Gucci to raise money for orphans and children affected by HIV/AIDS in sub-Saharan Africa,
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Open call for Supima's fashion competition |
Phoenix-based Supima, the promotional organization for the US cotton industry, is again to hold a design competition for emerging talent. Modeled on the legendary 1954 Wool Secretariat competition that launched the careers of the then-teenaged Yves St. Laurent and
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Bulgari Group sales slowdown |
All geographical areas of the Bulgari Group, registered an overall slowdown in sales due to the worldwide crisis of the financial markets and its impact on the demand for goods and services sales dropped. Europe, in particular, posted a 5% growth in the quarter (Italy -5%) and a 6% growth in the first nine
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Levi's brings uplifting jeans |
San Francisco-based jeans maker Levi's Brand introduced the Levi's Ultimate Lift 544, a new figure enhancing jean for women. According to the company, the jeans give the wearer's derriere a lift, due to a special combination of proprietary fit technology, fabric and design.
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Benetton revenue increase |
Colourful clothing business Benetton Group stays unharmed during the third quarter of the credit crunch. The Group's net revenues for the first nine months of 2008 grew to 1,534 million euro (+4.3%), consistent with the full year revenue forecast previously announced. The growth in the nine months
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Invista files lawsuit against Rhodia |
Koch Industries Inc.'s Invista unit has filed a lawsuit against chemical company Rhodia for alleged theft and misappropriation of of Invista's world-leading chemical process technology used in the production of nylon 6,6, a type of resin. Invista originally filed a claim on August 15, outlining how
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Macy's sees $44 million in third quarter |
Macy's Inc. reported a loss of $44 million in the third quarter and said it would cut capital expenses by as much as 45 percent, as sales fell on poor consumer confidence. The loss of $44 million compared with a profit of $33 million in the same quarter a year ago. The loss is excluding costs
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Elton Brand designs Converse shoe line |
Footwear brand Converse has announced a long-term partnership with professional basketball player Elton Brand. Under his signature EB, Brand will design a collection of basketball sneakers. The line will be sold exclusively at department store JCPenney. "Elton has proven himself to
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Hilfiger's childrenswear returns exclusively at Macy's |
Designer apparel brand Tommy Hilfiger U.S.A. Inc. announced the relaunch of their childrenswear collection, available exclusively at 200 Macy's stores across the U.S. beginning spring of 2009. The return of Tommy Hilfiger childrenswear marks a significant expansion of the
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The anti-crisis remedy of Prada, Geox and Versace |
The remedy for tackling this time of recession consists of reducing the tax rate for workers, proceeding with targeted investments, cutting costs and putting in place a communication strategy that speaks directly to consumers and makes them feel they are purchasing a quality product, of a higher
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Cherokee branches out to Peru |
Global brand management company and licensor Cherokee has launched its Cherokee brand in Peru with Falabella's Tottus Stores.The company also said it intends to develop several new partnerships over the next 12 to 24 months. Mark Nawrocki, executive vice president
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