Future of Armani, ASOS soars, Intelligent e-commerce, Taobao luxe, Masters of Parsons

Giorgio Armani | Source: Telegraph

The Future of Armani (WSJ Magazine)
“Few people in the fashion world are as entwined with their brands. In most companies, a creative director designs and an executive manages. Armani does both. Many important designers, including Karl Lagerfeld and Marc Jacobs, work under contract for brands that aren’t their own. Armani hasn’t designed for anyone else in more than 30 years.”

ASOS profit jumps on overseas growth (Reuters)
“British online fashion retailer ASOS met forecasts with a 43-percent rise in year profit as stellar growth overseas offset a weaker home market.”

Trying to Click Online (NY Times)
“As fashion companies explore new ways to engage consumers online, some designers are embracing experiments that might sound strange on paper but are having unexpected results.”

China’s Taobao Says High-End Online Sales Jump (Investors)
“China’s biggest e-commerce website, Taobao, is gaining ground selling to middle class buyers of luxury goods. China Daily Online cites Taobao saying it was getting 1.8 million visitors a day at the end of April at global.taobao.com, its luxury goods site. Global.taobao sells discounted luxury goods to Chinese consumers from around the world.”

The New Masters of Parsons (NY Times)
“Last week, those students were among the first to complete a new M.F.A. program in fashion design that has drawn enormous interest from the industry…who have traditionally viewed Parsons as the premier design school for fashion in the United States yet somehow inferior to its counterparts in Europe, especially Central Saint Martins in London.”