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THE FIVE MOST READ STORIES ON RAGTRADER.COM.AU IN THE PAST FORTNIGHT

1. Target no more
Australian designers looking to get a foot into the High Street market could be in for a long wait after discount department store Target suspends designer collaborations in the wake of a softening market.

2. Fire floors retailer
Authorities investigate a suspicious fire which ravaged an unnamed Darlinghurst clothing retailer. Although firefighters spent half an hour bringing the blaze under control, the Oxford shop is badly damaged.

3. The new black
Leon Henry joins a growing list of high profile designer labels - including Daniel Avakian and Peter Morrissey - in entering the corporate realm after winning a contract to design the uniforms for trendy eatery Bondi Pizza.

4. Time in the sun
High profile streetwear label Ksubi agrees to a five-year licensing deal with Sydney eyewear company Sunshades which will see the Sydney-based sunglass group develop, manufacture and distribute the Ksubi branded eyewear collection.

5. Mag's tough times
The publishing group behind monthly fashion business title Apparel calls in the receivers. The company, which formerly published across Australasia, will now be broken up with each of its publications likely to be split off and sold separately.