From Wealth to Stealth: Flaunting Days Are Over As Consumers Cut Back

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Remember “Richistan,” that country of the superwealthy described last year by author Robert Frank? Well, now call it “Thriftistan.”SEE LIST AT LEFT FOR ALL OF TODAY'S ARTICLES

From This Issue

Sofia Coppola's bags for Louis Vuitton.


Sofia Coppola’s LV Designs Debut in Tokyo

Bags and shoes to hit Louis Vuitton stores in March.

clock December 5, 2008

The Harry Winston boutique on Avenue Montaigne.

Business Features

Harry Winston Hit by $100M Heist

An elite special police squad is investigating the spectacular theft inside the Harry Winston boutique in Paris.

clock December 5, 2008Robert Murphy


Retailers Slash Jobs Amid Huge Drop in U.S. Employment

Unemployment rate rises to 6.7 percent in November.

clock December 5, 2008Liza Casabona

Kirsten Dunst


Miami Vices

Thursday at Art Basel kicked off with a breakfast and viewing of the Rubell family exhibition, cohosted by Domino magazine and Puma.

clock December 5, 2008WWD Staff


Traub Resigns Board Post… YSL Vintage Sale… Sears’ Finance Chief…

Marvin Traubhas resigned as a director of NexCen Brands Inc.

clock December 8, 2008WWD Staff

Human Resources

Kingsbury Named Burlington CEO

Thomas Kingsbury has resigned as senior executive vice president of Kohl’s Corp. to join Burlington Coat Factory as president and chief executive officer.

clock December 8, 2008Arnold J. Karr

Shopping on Rodeo Drive.

Designer and Luxury

Flaunting Days Are Over as Consumers Cut Back

Remember “Richistan,” that country of the superwealthy described last year by author Robert Frank? Well, now call it “Thriftistan.”

clock December 8, 2008Sharon Edelson

Marketing and Promotion

Luxury’s New Laws

“Women want a deeper relationship with fewer, better things,” said David Lamb.

clock December 8, 2008Samantha Conti

Fashion Features

S&K Looks to Go Forward

Famous Brands Inc. ceo Joseph Oliver 3rd says liquidation not currently among options.

clock December 8, 2008Jean E. Palmieri


Luxottica Hit by File Hacking

Information on compromised records sent to FBI.

clock December 8, 2008Matthew Lynch

The number of apparel suppliers shipping to the U.S. dropped 85 percent this year.

Government and Trade

U.S. Apparel Suppliers Dwindling

A report by Panjiva, a New York-based firm that helps brands evaluate factories, says the number of foreign factories fell 85 percent in a year.

clock December 8, 2008Liza Casabona

Stephen Webster Diamon Couture Collection earrings

Designer and Luxury

Stephen Webster Named Creative Director of Garrard

The British fine jeweler Stephen Webster, who counts Madonna, Christina Aguilera and Jennifer Lopez as fans, has been named creative director of Garrard.

clock December 8, 2008Sophia Chabbott

Panerai’s limited edition Luminor.

Designer and Luxury

Panerai Comes to N.Y. as Part of Global Expansion

Watchmaker Officine Panerai has gone global by remaining small.

clock December 8, 2008WWD Staff

A colorful bra and panty set display at OndadeMar.


Lingerie Shops OndadeMar and Cosabella Open in Miami Beach

This fall, OndadeMar and Cosabella opened on Eighth Street in Miami Beach.

clock December 8, 2008Rebecca Kleinman

Lord Ian Balfour


FINDINGS: Keds Does Legs… Model Mother Camila Alves…

Keds has entered a licensing partnership with McCubbin Hosiery to produce hosiery made from eco-friendly fibers.

clock December 8, 2008WWD Staff

Hudson’s dual-purpose chemise.


Lavit Rolls Out Bamboo Line

Lavit Lingerie, an intimates line based here, is expanding into the eco-friendly arena with a new bamboo offering.

clock December 8, 2008Kavita Daswani

A view from last year’s Salon International de la Lingerie.


Salon Show Feeling Effects of Economic Edginess

Organizers of the Salon International de la Lingerie, the Eurovet-owned innerwear fair, are preparing to host about 600 brands.

clock December 8, 2008Katya Foreman

A violet day dress.

Fashion Features

Paris Museum Exhibit Highlights ‘Crinoline Empire’

Musée Galleria show chronicles fashion from 1852 to 1870.

clock December 8, 2008Natasha Montrose

Cosabella’s Micromodal and elastane T-shirt and panties. Philippe Matignon socks, Stephanie’s Jewels necklace and Victoria Christmas children’s bedcovers.

Fashion Trends

Paris Lingerie Preview: A Gentle Touch

Supple robes, fluid nightgowns, simple lingerie and shimmering legwear team up in dancewear-inspired looks with a French accent.

clock December 8, 2008Laurent Folcher


IT Holding Board Gives Mensun Ltd. Talks OK

IT Holding SpA said Friday its board had given company chairman Tonino Perna “a wide mandate” to continue talks with Mensun Ltd.

clock December 8, 2008Andrew Roberts


Coty to Distribute Banderas Scents

Coty’s Coty Beauty division will take over North American distribution for the Antonio Banderas fragrance.

clock December 8, 2008Julie Naughton

The Hilfiger scent.


Hilfiger Makes Appearance at Berlin Department Store

Designer Tommy Hilfiger stopped by Berlin’s KaDeWe department store recently to sign bottles of his new men’s fragrance, Hilfiger.

clock December 8, 2008Susan Stone


Vanity Fair Shoots Power Lunchers… Moving Up… Diamonds for Education…

Vanity Fair is taking over the Four Seasons Grill Room this morning…

clock December 8, 2008WWD Staff

Chace Crawford and Taylor Momsen of “Gossip Girl” with Claudio Del Vecchio.


A Night at Brooks Brothers for St. Jude

Chace Crawford and Taylor Momsen of “Gossip Girl” attended the holiday fest which benefited the hospital.

clock December 8, 2008David Moin

Vera Wang and Arthur Becker in the new store.

Fashion Scoops

Chez Vera… Cacharel No-Show… Lagerfeld Casts Jerry Hall…

Vera Wang had her doubts about the turnout at Thursday’s opening night party for her new store at 158 Mercer Street in New York.

clock December 8, 2008WWD Staff



Pharrell Williams Gets Bionic Yarn

Pharrell Williams has entered into a partnership with Bionic Yarn, a two-year-old textile firm dedicated to developing environmentally sustainable fabrics.

clock December 8, 2008Julee Kaplan

Human Resources

Chatillon Tapped to Head Lauren, Richemont Venture

Guy Chatillon to serve as CEO of Ralph Lauren Watch and Jewelry Co.

clock December 8, 2008Marc Karimzadeh


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Raymond Martin walks with a "store closing" sign on his back in front of the Macy's store in downtown Seattle. The store is one of nearly 30 Macy's stores to be closed nationwide in the coming weeks Macys Closing, Seattle, USA - 09 Jan 2020


Macy’s Downgraded to Junk Status

clock 8hEvan Clark

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