Weekly Shop Report
Armani bonds with Reebok. Good news for Richemont. SJP makes a serious business move. And cashmere takes a back seat.0
They say opposites attract. Oh, so that’s why Armani teamed up with Reebok to produce a fashion forward sneaker for Spring, and Vogue’s ’09 “it” girl, Alexa Chung, aims to create a collection with shabby ‘ol Madewell. Leave it to Mayor Bloomberg to announce a fashion initiative in the wake of an international tragedy, proving once again that the show must go on. Monday night in Gotham 75 fashion big wigs announced “the plan”
smartly called “Fashion NYC 2020,” which aims to strengthen the city’s fashion focus, positioning us back to the global fashion leader we once were.
A more solid pair did emerge last week in retail news: Sarah Jessica Parker and Halston. The SATC superstar announced taking equity stake in the company, also owned by Harvey Weinstein and Sir Jimmy Choo. She characterized her role as “shaping the strategic direction” of the brand.
Retail stocks were up .09% yesterday. In third quarter smiley faces, Richemont, Carefour and Burberry posted gains. Rumor has it Yohji Yamamoto could close his Antwerp flagship (he just can’t get a break); and D&G opened their first rrrrrusky store in Moscow. Shiseido will shell out $1.7 B for Bare Escentuals. Just you thought you scored big with Christmas sales, we learned that consumer prices were actually up 1.9% compared with last December.
In Milan, the relaxed menswear (see also: men) at fashion week reminded single women, once again, that they are indeed living in the wrong country. Something to consider, until next week…in shopping.
Posted by Emma Dinzebach at 01:17 AM
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