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Coach Set to Lower Retail Prices

Previously, we mentioned the downturn in Coach’s stock price, and today they announced they will lower prices by 15% in 2010. Although the company still made a profit (which is more than we can say for many (ok, most) retailers), Coach announced plans to only open 20 new stores this year, down from original plans to open 40.

Coach Logo

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Macy’s to Close 11 Stores

Macy’s is the next on the financial chopping block as they have recently announced the closure of 11 stores around the country. Be sure to take advantage of what will surely be huge clearances (but sadly at the expense of almost a thousand jobs.) The following stores are slated to be closed:

Ernst & Young Plaza (Citicorp Plaza), Los Angeles.
The Citadel, Colorado Springs, Colo.
Westminster Mall, Westminster, Colo.
Palm Beach Mall, West Palm Beach, Fla.
Mauna Lani Bay Hotel, Hawaii
Lafayette Square, Indianapolis
Brookdale Center, Brooklyn Center, Minn.
Crestwood Mall, St. Louis
Natrona Heights Plaza, Natrona Heights, Pa.
Century III Furniture and Clearance, West Mifflin, Pa.
Bellevue Center, Nashville, Tenn.

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Do Designers Get a Bailout Too?

Banks. Car manufacturers. Insurance companies. Almost every industry is feeling the effects of the economic collapse. The major fashion designers are no exception.

A quick look at the steep decline in stock prices over the past year reflects just that. Major designers like Polo, Kenneth Cole, and retail establishments like Saks have all taken significant cuts in share price. The market is also prohibiting further growth as exhibited by the recent postponement of Prada’s plan to take the company public.

Percentage decrease in stockprice 2007-2008
Bombs Away

Opening a designer up to public investments leads to a huge infusion of cash and assets. The cash can be used to hire new talent, increase distribution, and diversify. But Prada has delayed this three times so far, citing poor market conditions.

So what’s next? With the majors reducing output and becoming more risk adverse, there could be an emerging market for new creative and low cost designs. Layoffs could free in-house designers to spread their wings and establish new lines. Although it would be difficult to raise enough capital to become a national brand right away, we could see local designers taking advantage of the opportunity to deliver even more innovative designs.

What do you think will be the next big trend in fashion, considering the effect of the economy? Share it with us in the comments.

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Give Sexy Back. Please.

Just because 40 is the new 30 doesn’t mean that 10 is the new 20. Case in point–why is PrettySinful clothing promoting children’s tights as sexy on their Amazon web store? When this was brought up by the popular advocate website The Consumerist, customer service reps assured that the vile description would be changed. As of early December, however, the vulgarity still persists.

Not Sexy. At All

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Lifestyles of the Rich and Skinny

We’ve all seen the glamorous wardrobes worn by actresses and have thought “I would love to have that!” But the hunt to find a specific blouse or earrings worn by your favorite star can prove to be a daunting task.

Well the marketeers behind Rich and Skinny Jeans have come up with the perfect solution! Imagine watching engaging web video content and being able to purchase the jeans right off the actresses. Follow the drama (think Desperate Housewives meets The Hills), the music and the fashion all in one location - your monitor.

Popularity: 4% [?]


Looking for the ultimate fashion-related news source? Then check out my new venture - Candy.

It looks a lot like PopURLs, but instead of tech, it draws in and displays the hottest in fashion news, entertainment videos, and trends. Check it out!


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