Talbots Down $366.5 Million; Michael Jackson Wears Ladies’ Balmain
Also, Rick Owens just opened a store in London with a plastic head, and Isaac Mizrahi has a new radio show.
Posted 04/09/09 in The Cut
Eff the Recession
Department Stores Dropped Christian Lacroix, and Now It’s on the Money Hunt
The label's owners are in talks to sell a stake to make up for losses.
Posted 04/07/09 in Vulture
Dept. of Tiny Violins
Recession Woes Force Nicolas Cage to Sell His Home
Celebrities: They're just like us! (But then again, not really.)
Posted 04/06/09 in The Cut
Loose Threads
Retail Stocks Are Up; British Designers Struggle in Russia
Also, Kohl's is being sued over its Simply Vera line and celebrities wear Matthew Williamson for H&M; before everyone else.
Posted 04/03/09 in The Cut
Loose Threads
Retail Job Losses Still Depressing; Kelly Killoren Bensimon Fired by Saks?
Also, Rei Kawakubo is helping Japanese 'Vogue' open a store that's like a magazine you can walk into.
Posted 04/03/09 in Daily Intel
The Benjamin Button Economy
Unemployment Hits Highest Levels Since 1983
The unemployment rate hit 8.5 percent in March, the Bureau of Labor Statistics reported today.
Posted 04/02/09 in The Cut
Loose Threads
More Layoffs at Condé Nast; Check Out Martin Margiela’s Mini-Wig Coat
Also, Isaac Mizrahi wants his Liz Claiborne line to be the cheapest thing on its Macy's floor.
Posted 03/30/09 in The Cut
Loose Threads
Versace Profits Down; Posh Spice Seen in Flip-flops
Also, Louis Vuitton cast astronaut Buzz Aldrin for an upcoming ad and Marc Jacobs went hang gliding.
Posted 03/27/09 in The Cut
Loose Threads
H&M; Profits Down for the First Time in Five Years; Oprah Delves Into William Rast
Also 'Hills' executive producer Adam DiVello is really mad that Audrina got her own show.
Posted 03/27/09 in The Cut
Good News!
Saks’s Stock Is Up! So Is Liz Claiborne’s! And Others That Were Doing Really Badly!
And it's all thanks to Tim Geithner.
Posted 03/24/09 in The Cut
Loose Threads
Layoffs at Barneys; Nicole Richie Does Lady Gaga
Also, Lady Gaga is coming to town for the Topshop opening!
Posted 03/24/09 in The Cut
Broke People
Tiffany Is in the Hole and Sees No Way Out
No one's buying diamonds anymore, and earnings are down 75 percent.
Posted 03/23/09 in Daily Intel
The Downturnaround
In Which the Downturnaround Is Tested and Keeps Its Faith
Times are dark, but today, a Saint brought us into the economic light.
Posted 03/23/09 in Daily Intel
The Greatest Depression
Toxic-Asset Plan Gets Somewhat Toxic Reaction
But others are more optimistic about the Obama administration's plan to clean up the banking system.
Posted 03/20/09 in The Cut
Broke People
Barneys’ Spring Orders to Be Held Until Financing Proves Less Sketchy
The store owes vendors millions, which is making the people who approve orders pretty uncomfortable.
Posted 03/13/09 in Daily Intel
White Fights
Chris Smith: What Stewart and Cramer Needed to Take Away From Last Night
Our columnist tries to see the forest for the trees.
Posted 03/12/09 in The Cut
Be Glad You're Not in Retail
Buyers' Trips to Europe Decidedly Not Fun Anymore
At least you have no reason to be jealous of retailers who get to go to Europe for the shows.
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