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August 31, 2012 5:35 PM

Retail

Retail's Fashion Week Prep

As the stilettoed crowd prepares to pack into the tents at Lincoln Center next week, let's freshen up on what's changed and what hasn't since the last fashion conclave....

As the stilettoed crowd prepares to pack into the tents at Lincoln Center next week, let's freshen up on what's changed and what hasn't since the last fashion conclave.


Barneys New York -- Out of debt and into the Pop art hands of designer Lisa Perry's husband, Richard.

Colored denim -- still red hot.

Abercrombie & Fitch Co. -- Stepping on its own feet abroad, refocusing at home.

The U.S. recovery, the European debt crisis -- Still too weak and not much better.

J.C. Penney Co. Inc. -- Naysayers naysaying; Ron Johnson correcting course but holding ground; now direct combatant in the Macy's vs. Martha Stewart battle.

Neiman Marcus -- Cuddling with Target for the holidays.

Urban Outfitters Inc. -- Firmly back in the hands of Rich Hayne, who has a secret brick-and-mortar strategy to make the chain "more exciting."

Tory Burch -- Frustrating suitors, still.

William Ackman -- Now the ultra activist with stakes in Procter & Gamble Co., Penney's and General Growth Properties.

Michael Kors -- The designer company that is now worth $10.4 billion.

Intermix -- Looking to mix it up with a new investor.

Ralph Lauren -- Seeing retail potential in freestanding stores for Purple, Black, Polo and accessories.

Diane von Furstenberg -- Getting a hand from Tommy Hilfiger vet Joel Horowitz.

Wal-Mart -- Fending off Mexican bribery scandal, happy in basics land; defining "aspirational fashion" as "a polo shirt with a stripe."

Sears -- Living up to expectations.

The presidential election -- Also living up to expectations, but with more money this time around.

Valentino -- Gone Qatar chic with new owner Mayhoola for Investments. Asian economy -- Growing still, but not as strongly. Talbots Inc. -- Going after misses' again with new owner Sycamore.

Gucci/Guess -- Class prevailed in trademark suit over mass, but got fraction of desired payout.

Betsey Johnson -- Retail licensee went belly up.

Tiffany & Co. -- Cut profit outlook twice, negotiating with licensor Elsa Peretti.

Coty -- Eyeing IPO, Avon who?
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