Finally, some good news. If you have a subscription to WWD, you probably wake up every day to another company reporting negative profits. After months and months, it's quite the downer. True, rock-hard luxury companies like Louis Vuitton are keeping afloat, but how is everyone else doing? WWD surveyed top designers and retail executives, and the outlook was overly optimistic. If you need a Read more

During dismal economic times, designer collaborations are the way to go. “We’re definitely going to see a lot more of these high-low marriages,” said Valerie Steele, of the Museum at the Fashion Institute of Technology. “People are going to want a lot of fashion for their buck.” With that said, now is the time to nab a creation from your favorite high-end designer for a fraction of the Read more

Coach is responding to the tough economic times with a new budget-friendly line named Poppy. Like the name, Poppy is a fresher, more youthful collection of footwear, handbags, and accessories compared to its namesake line. The best part? Lower price points. “Poppy offers a different attitude that is younger in spirit,” said executive creative director, Reed Krakoff. It’s playful, with more Read more

Third time doesn't need to be a charm for Nina Garcia and her beloved book series. Alas, she's giving us more of what we love with a book aimed at today's economically challenged times. The book, titled The Style Strategy: A Less Is More Approach to Staying Chic and Shopping Smart, is destined to offer insight during a fashion recession. Due out in August, and Ruben Toledo will once again lend Read more

We can always count on Karl Lagerfeld to entertain us with his cheeky comments. The designer recently defended fur and now he's speaking out about high fashion. "It's great to see things you may not buy — because you don't have the money — but it is very ugly to think they shouldn't exist because you cannot buy them," he said. "I can be interested in a $20 million diamond I will never buy, Read more

Net-A-Porter founder Natalie Massenet is set to debut an online designer outlet dubbed theOutnet.com come April. "It is going to be a silver lining of the recession. Women have got used to discounts," said Massenet. "Sale shopping can be grubby but this will be quite chic." The site will stock top designer brands such as Christian Louboutin, Marc Jacobsn, and Stella McCartney, priced up to a Read more

Saks Fifth Avenue is one of our favorite online stores, but it's been experiencing major economic woes. In November, the luxury retailer reported “widespread weakness” with a net loss of $42.8 million. Today, the luxury retailer announced it will be closing shop on all but two of its bridal salons. The two bridal salons left standing will be the New York flagship and the Beverly Hills store. Read more

No longer will we have to admire Doo-Ri's delicate creations from afar. Following in the footsteps of Zac Posen, Doo-Ri Chung has announced a diffusion line slated to launch next year. “I have been thinking about this for a really long time,” said Chung. “Within my own collection there is a great need to have a wider price range. A second line allows me to do that." The diffusion line will Read more