Crocs store Holland | Source: Open Travel
How Crocs Moved from Fashion Trend to $1 Billion Phenom (Forbes)
“If they weren’t exactly running out to buy a pair of those bulbous bright resin (please don’t say rubber) clogs sprinkled with holes, investors sure are clamoring to snap up stock in Crocs Inc (CROX). The company whose fugly footwear has been the foundation of its business just announced it expects its full-year revenue to exceed $1 billion for the first time in its 10-year history. The news made share prices jump 17 percent this morning.”
Tiffany loses lustre amid sluggish sales (FT)
“Shares in Tiffany & Co fell 10.5 per cent to $59.94 as the luxury retailer it cut earnings guidance after reporting anaemic holiday same-store sales growth in the US and a decline in sales at its New York store.”
The Pre-Autumn Leaves Start Changing Color (NY Times)
“Now that the presentations of pre-fall collections are being treated as a major event and not just a warm-up for the fall runway shows, the idea that these are supposed to be more commercially friendly designs seems to have gone out the window, and no one seems quite sure what to make of them.”
Moschino Cheap & Chic moves to London Fashion Week (Telegraph)
“Moschino’s diffusion line Cheap & Chic is to move its catwalk show to London for the autumn/winter 2012 shows. Rumoured to be showing on Saturday February 18 at a mystery location, this will be the collection’s first show outside of its usual slot on the Milan Fashion Week schedule, where the Moschino mainline remains.”
Straight Talk: A New Breed of Fashion Bloggers (NY Times)
“Not every fashion blogger is a 15-year-old girl with an unhealthy obsession with Rei Kawakubo. Some are older. And some are men… Some are old hats who have embraced the digital age to spread their dandy message. But many more are fashion newbies — videographers, publicists and everyday retail hustlers who speak for a new generation of style-conscious men.”