Valentino’s uncertain optimism, Shrinking luxury market, Retail leadership, UK retail jobs at risk

Valentino S/S 09 ad campaign, courtesy of Valentino

Valentino S/S 09 ad campaign, courtesy of Valentino

The Fashion Forecast (
“Valentino Fashion Group’s operating profits fell seven per cent in 2008. But, despite a difficult year, the group – which owns Valentino, Hugo Boss and operates under license Marlboro Classics and M Missoni – intends to remain positive about its growth and future prospects.”

Luxury Goods to Drop as Much as 20% in First Half of 2009 (Market Watch)
“The luxury sector faces between a 15% and 20% decline during the first two quarters in 2009 (at constant exchange rates), shrinking to EUR 153 billion from its 2008 level of EUR 170 billion. Bain estimates that the worldwide luxury market will begin stabilizing in the second half of the year, resulting in a net decline of 10% for 2009 overall.”

Panel Discusses Retail Leadership (WWD)
“For retailers and search firms seeking new leaders, there’s a growing dilemma.” (Subscription required)

Rate rise threatens retail sector jobs (Drapers)
“The future of up to 19,300 retail jobs and 582 retail businesses are under threat because of planned business rate rises according to the British Retail Consortium (BRC).”

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1 comment

  1. The shrinking market might be more down to the perspective of it being luxury, rather than it being retail or fashion.

    I recently read a blog post where fashion and food have been resistant to the recession, where as house products and electrical goods have taken the biggest hits.