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BoF Daily Digest | Arcadia dips, Coach profits, Chanel’s Mobile Art, Comme des Garçons stores
Arcadia profits dip but Topshop has record year (Drapers)
Though Topshop has record year in sales, Arcadia, its parent company, "recorded a 6.1% fall in operating profit to £275.3 million for the year ended August 30."
Coach Profit Exceeds Estimates After Limiting Handbag Discounts (Bloomberg)
In its first quarter, Coach "was able to limit discounts and spur sales with patent leather handbags and less expensive purses."
Lunchtime Snap: Chanel’s Movable Feast (WSJ)
Concieved by Karl Lagerfeld and designed by Zaha Hadid, the Chanel
Mobile Art exhibition comes to New York.
Retail Watch: Comme des Garçons’ Neighborhood Flair (JC Report)
In Paris, Comme des Garçons adds Pocket Stores to its growing empire.
Topshop, photo courtesy of Topshop.
Re: Chanel’s Movable Feast (WSJ) Fashion and art definitely inspire each other – and as Chanel’s Mobile Art installation dramatically demonstrates, one of the most important exchanges has been around shared methodologies of marketing. More than couture, art is the true luxury good de jour – at the high end of a continuum that runs from Louis Vuitton handbags with Richard Prince prints to Richard Prince’s actual works of art. With growing public interest in art, evidenced by exploding museum attendence, art is eclipsing couture as the most powerful vehicle for building the kind of brand equity that drives consumption of ready-to-wear, accessories and fragrance.