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BoF Daily Digest | Watches’ appeal fades, Bullish accessories, Louis Vuitton halts store, Opening Ceremony
Rolex watch, photo courtesy of Rolex
Rolex appeal fades as recession blues hit Singapore (Reuters)
As Singapore enters a recession, the demand for luxury watches such as Rolex is declining.
Accessories Transform Consumer Fashion Sense Into Billion Dollar Surge (Marketwatch)
In a tough market, some accessories categories are experiencing “bullish” growth.”
Louis Vuitton Scraps Plans for Ginza Flagship (WWD)
A 10 story Ginza flagship store in Tokyo has been put on hold by Louis Vuitton.
The open mind behind Opening Ceremony (Ponystep)
Ponystep goes behind the scenes of the purveyor of all things cool, Opening Ceremony.
Gotta love them Rolexes!!
I don’t know why everyone says the crisis is affecting everyone.
As far as our business is concerned (couture) our business is doing better every day.
Perhaps expanding to the online market was a good move 1.5 yrs ago. Go figure.
Rolexes are such awesome watches. The recession will only temporarily slow down the sales.