Banking on Black Friday, Mobile luxury, Sparkling investments, Cerruti pulls up a chair, To be a Gucci

Macy's Thanksgiving Day Parade | Source: mdpNY

Macy's Thanksgiving Day Parade | Source: mdpNY

Slow Month for Retailers, but Strong Finish Is Seen (NY Times)
“Major sectors like apparel, luxury goods and jewelry experienced slight sales declines…but retailing analysts said the declines were minor and that many consumers were saving their powder for the day after Thanksgiving, the blowout shopping day known as Black Friday.”

Cellphones That Speak Luxury (IHT)
The market for mobile phones is 30 years old, at best, dating from the first commercial cellular system installed by N.T.T. in Tokyo, in 1979. Compare that with 300 years for watches. Consider it a sign, then, of cellphones’ burgeoning promise in luxury circles that among the players who have staked fresh claims in the market this year are Swiss watchmakers.”

Diamonds: An Investor’s Best Friend? (WSJ)
“They are rare, beautiful, valuable and a girl’s best friend but traditionally diamonds haven’t really been considered an asset class in their own right. Diamonds do not have the “safe haven” status of gold, and their prices are more volatile than the precious metal.”

Cerruti Opening Furniture Store (WWD)
“He might have sold his fashion label nearly a decade ago, but that’s not stopping Nino Cerruti from pulling up a chair in Miami — literally… After being renamed Cerruti Baleri earlier this year, the family-run firm combines more than a century’s worth of textile manufacturing know-how, fashion design and the craft of furniture design.”

Gucci brothers design handbags (Grazia)
If you can name-drop ‘Gucci’ in your new fashion line, you’ve pretty much got a sure fire recipe for success… Alessandro and Guccio Gucci, great-grandsons of Guccio Gucci who founded the iconic fashion house in 1921, want to make their own mark with their collection.”