OFF THE RACK

Li & Fung Ltd., the biggest supplier to retailers including Wal-Mart Stores Inc., agreed to buy Oxford Industries Inc.’s apparel division for $121.7 million.

I can vividly remember the day Pearl Jam's first album was released, the first time I heard "Smells Like Teen Spirit" and can with 100 percent certainty recall what I was wearing—flannel. Yes, that ultra soft, plaid delicacy that I also vividly remember donating when I could no longer even glance at it in my closet.