loose threads

Martin + Osa to Close; J.Crew Posts $40.4 Million Profit

• American Eagle Outfitters finally decided to shut down its Martin + Osa division by this summer. [WWD]

• J.Crew posted a $40.4 million profit in the fourth quarter ending on January 30. [WWD]

Burberry is suing the company that owns T.J. Maxx, Marshalls, and HomeGoods for allegedly selling counterfeit goods and for trademark infringement. [WWD]

Christian Siriano’s limited-edition talon heels for Payless, which models wore in his spring 2010 show, are now available online only for $79.99 a pair. [Racked]

• Cheap Monday signed Ann-Sofie Back as creative director in 2009. Her first full collection will drop for spring 2011, but she designed capsule collections for spring and fall 2010. The spring stuff is already available. [Style File/Style.com]

• Liberty of London’s 300-item Target line launches Sunday. [WWD]

• Converse and Blondie are reportedly collaborating on sneakers. [Contact Music]

Martin + Osa to Close; J.Crew Posts $40.4 Million Profit