Topshop Comes Out on Top

Kate Moss should be proud of the shop that sells her clothes. Topshop recorded a record year for sales and profits, despite a significant drop for its parent company, the Arcadia Group.

Two of Sir Philip Green's other high-street staples - Topman and Miss Selfridge - also did exceptionally well for the past 12 months, but Arcadia posted a 6.1 percent profit decrease overall.

Dorothy Perkins, Burton and Wallis all ended low, which the company attributed to consumers' financial fears and an odd year for weather.

When questioned about the stats, Sir Phil didn't seem worried. He told Drapers that the company will boost its UK trading space by 210,000 square feet next year. International stores should also jump in number from 447 to 505.

Does this mean more Kate? We hope so.

Pound It

If you happen to be sitting on a large pile of cash and if you also happen to be fretting about your insufficient wardrobe, then you might want to solve the problem now. Fashion retailers and suppliers are bracing for price increases of more than 6 percent for spring 2009, according to Drapers magazine.

The majority of companies buy their goods in US dollars, even when it comes to sourcing in Asia, and the pound continues to weaken against the dollar. As of this morning, it's £1 to $1.77. That's a 10 percent drop in just a month. At this rate, the scale is sliding back faster than Jude Law's hairline.

On the bright side for British companies, the levelling of currencies could make it easier to sell their goods in America. So the next time you pop over to Disney World, take a side trip to a boutique or two and try to spot your favourite brands.