Fashion’s new icons, Masstige in China, Gap’s Shanghai outpost, Polo stock soars, McQueen at the Met

Anna Dello Russo | Source: Anna Dello Russo

The New Icons of Fashion (NY Times)
"Ms. Dello Russo and her raffish style-world cohort, who populate the mastheads of the fashion magazines, represent a new breed of Web-based reality star… they are casting a spell, their comings and goings relentlessly tracked by a new generation of aspiring style savants."

What Does 'Masstige' Mean For China? (Jing Daily)
"If masstige collections are offered supplemental to the luxury collections, there is little risk of impacting the luxury spending; instead, masstige opens up a new market segment of middle-class consumers."

Gap opens first China store, banks on rising incomes (Reuters)
"U.S. clothing retailer Gap Inc opened its first store in mainland China on Thursday, the first of its four planned stores in the country, as it banks on rising Chinese incomes to prop up soft demand back home."

Polo profit beats, revenue outlook raised (Reuters)
"Polo Ralph Lauren Corp reported a higher-than-expected quarterly profit on Wednesday and again raised its full-year sales outlook due to strong demand globally, sending its shares to an all-time high."

A McQueen Retrospective at the Met (NY Times)
"'Alexander McQueen: Savage Beauty,' an exhibition of the fashion of the late British designer, will open at the Costume Institute on May 4 [and] will include designs from Mr. McQueen's postgraduate show at Central Saint Martins in 1992 until his final collection in 2010."