Capsule

Market Digest: 01.26.12

January 26, 2012 BY CAPSULESNEWS

MEN'S RETAILERS ON PARIS: WWD recaps what key menswear retailers are liking from Paris.

E-TAIL E-XPLODES: If 2011 was seen as the year e-tail exploded, it was a mere precursor to whats expected in 2012. Mobile commerce spending on smartphones is expected to reach $10 billion this year, said Sucharita Mulpuru, vice president and principal analyst at Forrester Research, and this projection doesnt even include tablet shopping. (WWD)

OLSONS POACH KRESS: Mary-Kate and Ashley Olsen have made a definite statement about the future of their fashion business, by enlisting Francois Kress, Prada's US president and ceo to head up their label The Row. (Vogue)

KARL MANIA: Karl Lagerfeld drew the crowds in Paris yesterday for the unveiling of his new Karl collection. The designer attended in person alongside Net-A-Porter founder Natalie Massenet to officially launch the range, which has already attracted spectaular sales on the online boutique. (Vogue)

UNGARO'S UN-LUCKY After losing Giles Deacon in December and new CEO Jeffry Aronsson just last month, Emanuel Ungaro appears to be on one shaky last leg. (The Cut)