iPads Now Driving More Web Traffic Than iPhones (Mashable)
"Smartphones and tablets — particularly the iPad — are becoming an increasingly significant source of web traffic in the U.S. According to web analytics firm comScore, smartphones and tablets accounted for 6.8% of all web traffic in the U.S. in August... Shopping is also a popular pastime. In August, 56% of tablet owners looked up product or price information from a specific store, and 54% read customer ratings and reviews. Nearly half of tablet owners actually completed a purchase on the device."
India Vows to Open Up Luxury Market (WSJ)
"Global luxury brands have been testing the Indian market for years – but with very limited success... Indian Minister of Commerce Anand Sharma, speaking at a luxury conference in New Delhi on Tuesday, hinted that this may soon change... Big global brands would like India to lower import taxes on luxury goods, which at the federal level are between 30%-40%, and to remove the 51% cap on the foreign ownership of their Indian units."
Burberry sees no sign of slowdown for luxury spending (Reuters)
"British luxury goods group Burberry is not seeing a slowdown in demand for its trademark raincoats and leather goods despite an uncertain economic outlook, it said on Wednesday as it beat quarterly sales forecasts. 'No evidence of any slowdown ... What we have seen is consistent strong brand momentum and business growth,' Finance Director Stacey Cartwright told reporters after the 155-year-old group posted a 29 percent rise in second-quarter revenue."
Levi profit rises as demand in India, China grows (Reuters)
"Levi Strauss & Co posted a bigger quarterly profit as demand in growing markets like India and China grew, offsetting the effects of rising costs of cotton and discounts on its flagship brands. For the third quarter, the company earned $32 million, compared with $28 million last year. Revenue grew 9 percent to $1.20 billion, led by a 20 percent rise in the Asia-Pacific region."
U.S. Fashion's First Voice (WSJ)
"New York has its own forgotten, or almost, stars and tastemakers, though their legacies live on. Eleanor Lambert was one such person... She was the greatest fashion publicist of her time, and one of the greatest publicists, period. Among her accomplishments was helping to create the Metropolitan Museum's Costume Institute and, starting in 1948, its glittering annual gala... And she championed the careers of Calvin Klein, Donna Karan, Anne Klein and Perry Ellis when they were still fresh-faced kids."