Google’s Boutiques.com, Chinese ‘grey’ luxury, Sustainable growth, Saks beats expectations, Tavi and Jane Pratt

Boutiques.com | Source: Boutiques.com

Google Debuts Fashion Shopping Site (NY Times)
“In a deliberate collision between nerds and fashion mavens, Google has created a new e-commerce site that significantly improves how fashion is presented and sold online. The site, Boutiques.com… may also change how people shop for clothes.”

Where Do China’s Luxury Purchases End Up? (Forbes)
“While most agree that the newly affluent make some such purchases to demonstrate to others around them that they have ‘made it’, others view the same items as safer alternatives to hongbao (red envelopes stuffed with pay-off cash).”

Sustainable Luxury: New Opportunities for Growth (Guardian)
“This new consumer mindset poses an interesting challenge to luxury brands. While on the one hand, global luxury sales have rebounded nicely in 2010… this uptick does not necessarily translate into profitability over the long term.”

Saks expects lift as Wall Street spurs luxe spending (Reuters)
“Saks Inc. reported a higher-than-expected quarterly profit, helped by well-heeled shoppers emboldened by this year’s Wall Street gains to go splurge, and the retailer forecast more sales growth for the upcoming holidays.”

Celebrity fashion blogger to launch a teen magazine (Independent)
“Fashion blogger Tavi Gevinson and former editor in chief of the now-defunct Sassy magazine Jane Pratt are teaming up to create a new teen magazine slated for next year.”