Moscow Gets the Blues: Luxe Retailers Stumble In Economic Downturn

No cover image


The news from Russia hasn’t gotten any better. Until last year a key potential growth engine for luxury brands, the market has imploded as rapidly as the price of the oil that fueled the country’s wealth.SEE LIST AT LEFT FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

Catherine Malandrino

Fashion Trends

Punk’d: Rock’n’Roll Pieces for Pre-Fall

Designers from across markets are pumping up pre-fall with edgy embellishments — pyramid studs, chains, zippers — and rock ’n’ roll-inspired looks.

clock January 26, 2009Mayte Allende

A spring Theory look.


Fast Retailing Launches Tender Offer for Link Theory

Fast Retailing aims for 100 percent control over Theory and Helmut Lang.

clock January 28, 2009Amanda Kaiser and Lisa Lockwood

Beatrice Dalle and Lou Doillon

Fashion Scoops

Busy People at Givenchy

Liz Goldwyn is to add yet another string to her bow: opera. “It’s good to keep experimenting,” she said at Givenchy’s show Tuesday night.

clock January 28, 2009WWD Staff


Burch Inks Eyewear Pact With Luxottica

American designer will unveil first collection for fall retailing.

clock January 28, 2009Alessandra Ilari

Domino magazine


Domino to Close

Shelter title’s staff informed Wednesday morning.

clock January 28, 2009Stephanie D. Smith

Fashion Features

Opening Ahead for Black Fleece

After months of delays, the first Black Fleece store is finally scheduled to open this weekend.

clock January 28, 2009WWD Staff


Reader’s Digest, AOL to Cut Jobs

Two companies announce plans to eliminate 980 jobs by March.

clock January 28, 2009Amy Wicks

President Obama touts the recovery package on Wednesday.

Government and Trade

House Approves $819B Economic Stimulus Plan

After an urgent call to action from President Obama, the House approves legislation.

clock January 28, 2009Kristi Ellis

A sporty Vittorio Solbiati at his mill.

Designer and Luxury

The Flax Files: Vittorio Solbiati’s Elegant World

A storied Italian artisan gives a 4,000-year-old fabric new life.

clock January 29, 2009Stephanie Epiro

Shirt Tales, Milano Unica

Designer and Luxury

Men’s Wear Firms Seek Classic Fabrics

So what’s the sizzling swatch of the Spring-summer 2010 season?

clock January 29, 2009Suzanne Blecher

Human Resources

TJX Executive Shifts

Nirmal “Trip” Tripathy has resigned as chief financial officer of The TJX Cos. Inc.

clock January 29, 2009WWD Staff

Business Features

PacSun, Wet Seal Cut Back

Staff reductions at two California-based specialty stores.

clock January 29, 2009Alexandra Steigrad


Three Stores Hit With Infringement Suits

Barneys, Bebe and Casual Male accused by Card Activation Technologies of patent infringement.

clock January 29, 2009Matthew Lynch


Retail Stocks in Flux

Store shares rise 3.8% but long-term outlook uncertain.

clock January 29, 2009Evan Clark

Niche vendors showed trend-right merchandise like this down jacket from 313.

Fashion Features

Buyers Trawl Collective for the New and Exciting

Retailers play it safe while hoping to excite customer.

clock January 29, 2009Jean E. Palmieri and Brenner Thomas

HMX Sportswear is slated to launch Dr. Martens men’s apparel this fall.

Fashion Features

Hartmarx to Launch Dr. Martens Line

Apparel collection caught up in bankruptcy.

clock January 29, 2009David Lipke

A men’s wear sketch by Alvin Valley.

Designer and Luxury

Alvin Valley Launches Men’s

Alvin Valley will show men’s alongside women’s at NY fashion week.

clock January 29, 2009Jean Scheidnes

A look from the Martisse New York pre-fall collection.


Martisse New York Launches Pre-Fall Knitwear

After Beyonce’s appearance on “Saturday Night Live,” a fashion-savvy viewers took to the blogosphere with one question: Who designed her curve-clinging dress?

clock January 29, 2009Sarah Haight


Anthropologie to Open in London

Retailer Anthropologie breaks into European market.

clock January 29, 2009Sharon Edelson

Toys, Games & Hobbies, Total online purchases for this category in December: 21.62 million, Average spend per buyer: $89.17


The List: The Online Holiday Tally

Top 10 product categories ranked by total online purchases during the month of December.

clock January 29, 2009Cecily Hall

A sign of the times: Discounts at Aizel in Moscow

Designer and Luxury

Moscow Retailers Feel the Crunch

The news from Russia hasn’t gotten any better.

clock January 29, 2009Alastair Gee

Kylie Minogue

Fashion Scoops

Kylie at Gaultier… Cotillard Climbs High… Comeback Kid…

Marion Cotillard, who is the face of the Lady Dior handbag, said she’s next shooting a minimovie for the brand.

clock January 29, 2009WWD Staff

Chinese Premier Wen Jiabao


Chinese Premier Upbeat at Downbeat Davos

At the World Economic Forum, Chinese Premier Wen Jiabao affirms 8 percent growth target.

clock January 29, 2009John Zarocostas

Penny Pritzker


Pritzker to Serve on Presidential Board

Penny Pritzker as been chosen to serve on a new advisory body, the President’s Recovery Act Board.

clock January 29, 2009Susan Watters

Inside L’Occitane’s first spa in Paris.

Skin Care

L’Occitane Opens First Paris Spa

In an effort to bolster aggressive expansion plans, French beauty company L’Occitane en Provence inaugurated its first spa here on Jan. 13.

clock January 29, 2009Rachel Tiplady


Brady Arrangements… Money Maker… Bad News for the Times…

James W. Brady’s funeral mass will be held Saturday at 10 a.m. at St. Ignatius Loyola Church at 980 Park Avenue (at 84th Street).

clock January 29, 2009WWD Staff

An image from the Calvin Klein Jeans campaign.


Calvin Klein Steams Up the Airwaves

Calvin Klein’s latest commercial is so provocative, it initially was banned from even late-night cable TV.

clock January 29, 2009Amy Wicks

A Génifique display.

Skin Care

Lancome’s Genifique Push

Lancome aims to generate buzz ahead of the April launch of Genifique, its latest skin-care offer, with a multifaceted advertising and marketing campaign.

clock January 29, 2009Rachel Tiplady

Human Resources

Lesieur Named at Payot

Herve Lesieur has been named president of Payot.

clock January 29, 2009Jennifer Weil

Dean Harris earrings.

Marketing and Promotion

Apparel Shows Strength as Shoppers Cut Costs

New study shows spending is being reduced more in other categories.

clock January 29, 2009Dick Silverman


Daily Stock Wrap: January 28, 2009

The day’s gainers and losers.

clock January 29, 2009WWD Staff

A window display showcases a marketing image and a mannequin in the same look.


Charlotte Russe Makes Shifts to Merchandising

Retailer Charlotte Russe aims to lend its stores a boutique ambiance, and has tapped Eric Daman, the stylist for “Gossip Girl,” to help.

clock January 29, 2009Julee Kaplan

Taylor Swift in the L.E.I showroom on Wednesday.

Ready To Wear

Taylor Swift Launches Sundress Line

Singer Taylor Swift, whose album “Fearless” has topped the charts for seven weeks, has linked up with L.E.I. brand to be the face of its ad campaign.

clock January 29, 2009Julee Kaplan


Old Navy Taps Mark Breitbard

Mark Breitbard joins Old Navy as new chief merchandising and creative officer.

clock January 29, 2009Sharon Edelson

Sweet Years offered checks and Western shirts.


Bread & Butter Closes Out Final Barcelona Show

Organizer says it’s time to move on.

clock January 29, 2009Barbara Barker


Bread & Butter Back to Berlin

Denim show to return to German capital

clock January 29, 2009Damien McGuinness

"Zoe," 2008


The Katz Meow

Alex Katz on his latest exhibit on display now in Paris.

clock January 29, 2009Katya Foreman

Mike Figgis shoots Melissa Bent outside the Prada store…


Candid Camera

British director Mike Figgis may have garnered two Oscar nominations, but in recent years he’s had very little to do with Hollywood.

clock January 29, 2009Elisa Lipsky-Karasz


Where Shoppers Purchased Online in December

Top 10 online retail destinations ranked by total purchases for December 2008.

clock January 29, 2009Cecily Hall


How Much Did Shoppers Spend

Average December spend, per buyer, based on the top 10 performing online retailers.

clock January 29, 2009Cecily Hall


Today's Must Read

Jil Sander Pre-Fall 2021


OTB Founder Renzo Rosso on Buying Jil Sander

clock 8hLuisa Zargani

Social Studies

WWD logo Global Stock Index

Business Page right arrow