Fashion Roundup: Even H&M Hit by the Economy; Valentino Loses a Designer; Salma Hayek’s Culture Shock

H&M lost profits in the third quarter because the company had to slash prices on their already inexpensive fashions in order to survive in a punishing retail economy. [WWD]

Valentino‘s designer, Alessandra Facchinetti, might depart from the fashion house only a year after taking it over from the retired designer, and Giambattista Valli is rumored to be next in line. [FWD]

The Hills star Whitney Port‘s new clothing line is available on Kitson‘s Web site. [The Cut]

Salma Hayek experienced culture shock when she arrived at the Balenciaga show in Paris on Tuesday; the actress was coming from Sierra Leone, where she was distributing vaccines. [WWD]

In the tradition of sample sales, many high-end Web sites are now featuring invitation-only designer sales. [NY Sun]