Luxury market faces spending drought through 2020 (Luxury Daily)
"The tough economy has permanently reined in the purchasing habits of the current generation of affluent consumers and upscale brands should expect more conservative spending until Generation Y enters the luxury market in force in 2020."
PPR Third-Quarter Sales Beat Estimates (Bloomberg)
"Each of PPR’s luxury brands increased sales at least 10 percent in the quarter... The third quarter increases the company’s confidence of a stronger full-year 'operating and financial' performance, he said."
Chanel sees trade improving, U.S. market recovery (Reuters)
"Chanel's sales have improved since the summer, and business in the United States is recovering but has yet to return to pre-crisis levels, the French luxury company's supervisory board president said."
Mobile sales to hit 20 percent in 2011 at Rue La La (Internet Retailer)
"The mobile site and apps account for 13% of total sales, and at the rate m-commerce is growing at Rue La La, mobile may account for 20% of total sales next year."
Olivier Theyskens and Theory: Q & A (NY Times)
"Few would have guessed that he would end up in a full-time job at Theory. But in a Q&A... Andrew Rosen, the co-chief executive officer of the label, and Mr. Theyskens said the designer’s collaboration turned out to be a natural fit."