This week Fashion Speaks introduces a new weekly posting, The Fashion Cap. The Fashion Cap consists of a recap of the top 10 fashion happenings of the week.
1.) New York designer, Rachel Roy, unveils new diffusion line for Jones New York. Here's hoping Roy's flair for style will rescue Jones recently reported 98% profit plunge.
2.) Matthew Williamson causes a commotion with the launch of his new line at H&M, although reports are saying, Grace Jones may have stole the show.
3.) Luxury brands continue to take a hit due to the "recession." Both, Prada and Gucci , posts negative earnings for 2008.
4.) Abercrombie and Fitch beware! Teen spending reported down by 14%.
5.) Taking matters into their own hands, Forever 21 looks abroad with planned store openings in Japan.
6.) Michael Kors opens his first UK store without all of the hoopla of an H&M launch or Top Shop debut, but we are sure with the same amount of style and panache.
7.) The press delights us with more news of yet another celebrity deciding they can do anything better than we can. This week's design star is David Beckham who has been quoted saying he is not going to model his own clothes...YET!
Consumers are feeling more confident in April, so maybe, Mom will get that new Escada bag she was eyeing over at ideeli.com for Mother's Day!
9.) Lilo finally gets something right! Retailers, Nordstrom and Henri Bendel, report her leggings line, 6126, is flying off the shelves.
10.) In celebration of Marks and Spencers' 125th anniversary and hopefully to spark more consumer excitement, M&S announces their new womenswear line, a collaboration with designer, Zandra Rhodes, will hit store floors on May 9th. Happy Birthday, M&S!
That's the cap!