Week in Review: 10 Web Articles Not to Miss

Chanel

Chanel

New York—The really big news in fashion all seemed to be coming out of Paris this week. Looking fresh on the runways were new iterations of lames and laces. Fashion kingpin and perennial trend maker Karl Lagerfeld once again satisfied that Chanel look with his fresh take on oversized pearls, mini-cross body bags and backpacks.

But another kingpin Marc Jacobs made international headlines when it was confirmed that he would indeed be leaving Louis Vuitton after 16 years to work full time on eponymous brand. Jacobs was credited with reviving the Vuitton brand and helping turn it into a powerhouse. No doubt his goal of taking his own company public will results in another billion dollar fashion powerhouse.

Looking ahead to holiday. Two more optimistic forecasts came out this week. The National Retail Federation (NRF) predicted 3.9% growth, better than the actual 3.5% increase seen in 2012 and higher than the 10-year average holiday sales growth of 3.3%. The International Council of Shopping Centers (ICSC) issued its holiday prediction for a 3.5% increase in spending.

Both were welcome news to retailers. However, looming on the horizon is the U.S. Congress’ actions—or lack of them. Economists caution that a prolonged U.S. government shutdown would dampen consumer confidence and cut the spending power for the 800,000 government employees furloughed as a result of Congress’ stalemate.

Articles you won’t want to miss from this week include:

Jacobs to Exit Louis Vuitton to Build His Own Brand

Paris Breaking Trends Spring 2014: Chanel’s Big Ideas

NRF: Extended Government Shutdown Could Affect Holiday Retail

Paris Fashion Week Breaking Trends Spring 2014: White Lace

Neiman Marcus Group Now Offers Free Shipping, Returns for All Purchases

Hedge Fund Perry Capital Cuts its Stake in JCPenney

ICSC: Holiday Sales to Increase by 3.4%

Mad About Jewelry? Don’t Miss LOOT at the Museum of Arts and Design

AAFA Updates Restricted Substances List

Burlington Coat Factory Expects to Raise $205 Million in IPO

 

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