McQueen 2.0, Hermès booms in China, Retail vacancies soar, Japanese dress down, Store inventories

Alexander McQueen S/S 10 | Source: SHOWstudio

Alexander McQueen Spring/Summer 10 | Source: SHOWstudio

Techno Revolution (New York Times)
“The most dramatic revolution in 21st-century fashion took place this week under the sweeping eyes of two giant robots. As they rolled down the stage at the Alexander McQueen show, the machines cast their cameras in diverse directions to project images on to the ever-changing kaleidoscope of a backdrop.”

Hermès Chief Thomas Says China Booming, U.S. Market Positive (Bloomberg)
“Hermès International SCA Chief Executive Officer Patrick Thomas said the French luxury-goods brand’s sales are “booming” in China and elsewhere in Asia, while the U.S. market is ‘slightly positive.’”

Retail Vacancies Hit Multiyear Highs (WSJ)
“When consumers start their holiday shopping in earnest next month, they will find fewer stores competing for their business as vacancy rates at malls and shopping centers have risen to multiyear highs.”

Age of Bling is over as Japanese dress down (Times)
“The Japanese consumer — a wealthy arbiter of good taste, a dedicated follower of fashion and once the world’s most reliable buyer of all things foreign and expensive — may have fundamentally changed her view on what it means to look good.”

Shoppers With Money to Spend Find Less to Buy at Saks, Neiman (Bloomberg)
“Jennifer Prentice spent half of what she usually does when she and a friend shopped at Neiman Marcus Group Inc., Saks Inc. and Nordstrom Inc. stores on a recent business trip to San Francisco. They weren’t cutting back. They just didn’t find much to buy.”