Tommy Hilfiger

On Thursday night, New York City will transform into one big after-hours shopping party for Fashion's Night Out, a whirlwind of festive, quirky store events to kick off New York Fashion Week. But it's not all high-end specialty stores -- mass retailers are increasingly using FNO to assert their own fashion bona fides.

A host of big name fashion luminaries have partnered with eBay to send a message about counterfeit goods to consumers via the "You Can't Fake Fashion" campaign: It's time to shake out the fakes and put our buying power behind original design.

Phillips-Van Heusen (PVH) announced Monday it plans to acquire Tommy Hilfiger B.V. in a deal valued at approximately $3 billion.

Tommy Hilfiger is reportedly in exclusive talks to sell out to Phillips-Van Heusen (PVH). The price tag could be as high as $4 billion, which would be a nice payday for Apax Partners, Hilfiger's private equity investor.

What does fashion have to do with climate change? When you have new "It: bags and shoes coming out every season, made with toxic dyes, often with leather, flown and driven to stores across the globe, it's safe to say fashion's carbon footprint is a size XXXL. A growing number of eco-designers are...