Downtown moves uptown, Future of print, Chinese tourists, A&F stabilises, Charlotte Free

Madison Avenue, New York | Source: Luxuo

Downtown Comes Uptown (NY Times)
“Conspicuous consumption has made a resounding return to Madison Avenue, at least on that mile of glistening shops stretching north of Barneys New York at East 60th Street. But it isn’t quite the same Madison Avenue as what was there before. Nearly 50 stores have opened in the last 18 months, including a diverse mix of European luxury labels.”

Prosperous Times for Luxury Print Media, Or Are They? (Luxury Society)
“Ad-pages are up, but circulation is down. New titles are launching, but digital is increasingly driving content consumption. What does all this mean for luxury print media?”

UK hopes to treble Chinese tourists (FT)
“London retailers keen to lure wealthy tourists from other European capitals have welcomed an £8m government campaign to treble the number of Chinese visitors to the UK over the next three years as part of a post-Olympics tourism ‘turbo charge’.”

Abercrombie CEO says sales stabilizing; stock jumps (Reuters)
“Teen clothing retailer Abercrombie & Fitch Co said on Wednesday the pace of declines in its sales has slowed this month as it reported a quarterly profit that slightly topped its recent limp forecast, driving shares up more than 10 percent.”

i-Profile: Charlotte Free (i-D)
“Scouted in LA in an arcade playing a video game, but not listening to Lana del Rey, or even thinking about her, the now 19-year-old, IMG-signed Charlotte is a big fashion deal.”