Yes, consumers will be spending less on holiday gifts this year. [WSJ]

Knitwear makers turn their back on cashmere. [WWD]

Blackbook endorses a candidate for the first time in it’s existence. Guess who! [BlackBook]

The fashion industry sees Obama Blue this election year. [WWD]

Tommy Hilfiger sees sales go up by 30.5%. [DNR]

Coach’s earnings are down because of the retail scene. [WWD]

Balenciaga has made latex chic this season. [The Independent]

J. Crew opens first Collection store on the Upper East Side [WWD]

Anna Wintour’s perfect man [Gawker]

Cosmogirl becomes the latest casualty of the economy [Portfolio]

Here are some links for the day:

A look at Andre 3000’s ‘Benjamin Bixby’ line. [NYT]

Googles G1 vs. the iPhone [Washington Post]

10 Shoes you should never be caught wearing. [Prolific Mag]

The Glitter behind Gilt Groupe. [Crains]