A Global Roundup

Miu Miu unveils its spring ads with Katie Holmes. (Fashionista)

Decembers sales were dismal, and "making a deep, broad drop that indicated worried consumers were adding to savings instead of spending at the height of the holiday season," reports The Wall Street Journal. (WSJ)

"Now is a great time to invest in classic, well-made clothing," says Forbes. (Forbes)

A new rule for spending in the luxury sphere has emerged. (Forbes)

Numerous specialty boutiques in Los Angeles are in trouble. (WWD)

—Staff




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