The house of plaid is suffering as profits drop by 24% in the first half of this year.

25% of Vogue’s staff is expected to get cut today. If you have any info on what’s up, send an email to saynt@fashionindie.com. Completely anonymous and if you get the ax, we’ll be more than happy to repost your resume.

Detroit’s auto industry has trained multiple generations of workers in design and manufacturing. Could this knowledge and skill be directly translated to fashion design? It’s an interesting concept, and I’m curious to see if anything lucrative emerges from Motor City.

Via CNNMoney

Cosmopolitan’s circulation was down 7.8% in the first half of 2009. The NY Times blames the recession and the decreased frequency of impulse buys. But AdWeek thinks ladymags are becoming more irrelevant with the growing number of Web sites, blogs (cough, cough) and TV programs offering life and style advice. I’m just glad that someone finally said “we don’t need another ‘how to touch his junk’ story.” What do you all think?

Via: Jezebel

Abercrombie is feeling a pinch in their perfectly toned abs.

It’s one thing to see small boutiques and speciality shops crumble under the credit crunch, but Tiffany & Co., the “fancy good emporium” that has been in existence for well over 100 years, joining the failure brigade is just absurd. Yesterday, Tiffany announced that earnings fell 75.6% in the fourth quarter…that’s a bit over 25% per month! One would think that the diamonds would drop in price or the charms would go on sale, but Tiffany still refuses to lower prices! So, what now? Does Tiffany toss out her pride or suffer the recession wrath? Tiffany’s temporary solution was to convince nearly 600 employees to retire early and to close sixteen of her pearl-jewelry stores. Sorry girl, but I think it’s going to take a big sale or some sort of economic miracle for Daddy Warbucks to even consider getting his little girl a rock from Tiffany’s. Change your tune or start digging your grave. 

Thanks NY Mag!

SAYNT: Advertising in Conde Nast magazines so down.

AUDIENCE: How down?

SAYNT: It’s so down it just won the six gold medals at the Special Olympics.

And that kiddies is how you compare Conde Nast to a retard. But more seriously, while most mags in the industry are down 24% in ad pages, Conde Nast’s titles are down 30% or more. Ouch…

LINKAGE: Blame Anna!

Saks is being hit hard. The luxury retailer’s fourth-quarter deficit hits $98.8 million. I hope our friends there stay there. Becks used to be a Saks girl back in her Cleveland days, so it’s hard to see this retailer stumble.

LINKAGE: Saks Sees Loss in Quarter, Year

The retail giant will be sending 375 employees packing. They claim it’s something they do every 5 – 10 years, I claim it’s something you do when you ain’t selling shit.